Mcdonough Charity School
- Assets
- $1.0m
- Revenue
- $83.9k
- Investments
- $994.6k
- Employees
- 0
- Location
- La Plata, MD
- Founding
- 07/1959
- Data as of
- 01/2024
- EIN
- 52-6048878
Organization Overview
Mcdonough Charity School is located in La Plata, MD. The organization was established in 1959. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mcdonough Charity School is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 01/2024, Mcdonough Charity School generated $83.9k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $85.2k during the year ending 01/2024. While expenses have increased by 4.1% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Mcdonough Charity School has awarded 110 individual grants totaling $541,075. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS TO STUDENTS FOR HIGHER EDUCATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard A Winkler President | 0.5 | $0 | |
Jennifer Bowling-Weber Secretary/treas | 1 | $0 | |
Matthew M Mudd Vice President | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,310 |
| Dividends & Interest | $27,249 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $51,305 |
| Capital Gain Net Income | $51,305 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $83,864 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $235 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,735 |
| Total operating and administrative expenses | $10,470 |
| Contributions, gifts, grants paid | $74,750 |
| Total expenses and disbursements | $85,220 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,176 |
| Savings and temporary cash investments | $32,328 |
| 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 | $476,385 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,029,105 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Mcdonough Charity School has awarded $74,750 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
BENJAMIN WILLIAMSONUMD PURPOSE: COLLEGE EDUCATION | $5,000 |
BOWIE STATE UNIVERSITY FOUNDATION PURPOSE: COLLEGE EDUCATION | $25,000 |
CHANCE HOARDALBRIGHT PURPOSE: COLLEGE EDUCATION | $5,000 |
EMILY FARRENSALISBURY PURPOSE: COLLEGE EDUCATION | $5,000 |
EMILY WINKLERHIGH POINT UNIV PURPOSE: COLLEGE EDUCATION | $5,000 |
GUNNER GAVINWV UNIV PURPOSE: COLLEGE EDUCATION | $3,000 |