Mclaughlin Family Foundation Inc
- Assets
- $30.3m
- Revenue
- $1.9m
- Investments
- $28.3m
- Employees
- 0
- Location
- Oklahoma City, OK
- Founding
- 12/2004
- Data as of
- 12/2021
- EIN
- 47-0945945
The information for Mclaughlin Family Foundation Inc is as of the organization's most recent filing in December '21. This organization is located in Oklahoma City, OK. It has been in existence for 17 years, following its founding in 2004.
Organization Classification
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
The Mclaughlin Family Foundation Inc's NTEE code is T22. The "T" tells us that the organization is classified along with Philanthropy, Voluntarism & Grantmaking Foundations. The "22" tells us that the organization is a Private Independent Foundation. The NTEE describes Private Independent Foundations as private foundations that make grants based on charitable endowments. They are focused primarily on grantmaking and generally do not actively raise funds or seek public financial support. Private Independent Foundations are typically endowed, usually from a single individual or family.
Grant History
Our dataset includes four years of grant history for the Mclaughlin Family Foundation Inc. Over the course of these four years, they have awarded a total of 171 grants, with an average check size of $65,546. The foundation most frequently awards grants in the NTEE sectors of Recreation & Sports (13), Youth Development (12), and Human Services (10). In terms of geographical distribution, the organization has awarded the highest number of grants in Oklahoma (156), followed by New York (5), Colorado (3), California (2), Texas (2), and New Mexico (2). They have also awarded a single grant in Arizona.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelly Gray Ceo/board Member | 27.69 | $40,833 | |
Jean Mclaughlin Board President | 0.58 | $0 | |
Amy Mclaughlin-Gray Vice President | 0.58 | $0 | |
Robert Mclaughlin Treasurer | 0.58 | $0 | |
David Mclaughlin Co-Founder | 0.58 | $0 | |
Tim Mclaughlin Board Member | 0.58 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $573,751 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,302,205 |
| Capital Gain Net Income | $1,302,205 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,531 |
| Total Revenue | $1,877,487 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $40,833 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $36,668 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $5,242 |
| Printing and publications | $0 |
| Other expenses | $13,869 |
| Total operating and administrative expenses | $293,939 |
| Contributions, gifts, grants paid | $354,291 |
| Total expenses and disbursements | $648,230 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,978,222 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,229,813 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $37,510 |
| Total assets | $30,301,907 |
| Accounts payable and accrued expenses | $843 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $843 |
Grants Awarded
Over the last fiscal year, Mclaughlin Family Foundation Inc has awarded $354,291 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
Oklahoma City, OK PURPOSE: GENERAL PURPOSE | $197,783 |
HALO PROJECT PURPOSE: GENERAL PURPOSE | $82,365 |
New York, NY PURPOSE: GENERAL PURPOSE | $35,817 |
CHILDREN'S HOSPITAL FOUNDATION INC PURPOSE: GENERAL PURPOSE | $10,000 |
Oklahoma City, OK PURPOSE: GENERAL PURPOSE | $10,000 |
Oklahoma City, OK PURPOSE: GENERAL PURPOSE | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brown Foundation Inc Houston, TX | $979,120,834 | $115,841,262 |
Moody Foundation Galveston, TX | $975,031,131 | $132,742,251 |
Alice L Walton Foundation Bentonville, AR | $3,555,974,062 | $449,327,995 |
Edward N And Della L Thome Memorial Foundation Dallas, TX | $16,863,248 | $21,555,807 |
Burnett Foundation Fort Worth, TX | $195,880,351 | $2,811,908 |
Jesus Fund Little Rock, AR | $476,522,715 | $128,635,887 |
Rapier Family Foundation San Antonio, TX | $15,198 | $1,321,420 |
Dan L Duncan Family Foundation Houston, TX | $0 | $27,292,814 |
James S Mcdonnell Foundation St Louis, MO | $496,119,714 | $80,243,658 |
Patterson Family Foundation Kansas City, MO | $1,526,002,008 | $1,174,628,172 |
Fmh Foundation Midland, TX | $321,253,044 | $148,706,487 |
Inasmuch Foundation Oklahoma City, OK | $394,422,796 | $49,887,073 |