Catherine J Mcginnis Family Foundation
- Assets
- $2.4m
- Revenue
- $42.8k
- Investments
- $2.3m
- Employees
- 0
- Location
- Columbia, MD
- Founding
- 02/1998
- Data as of
- 12/2022
- EIN
- 54-1850520
Organization Overview
Catherine J Mcginnis Family Foundation is located in Columbia, MD. The organization was established in 1998. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Catherine J Mcginnis Family Foundation 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 12/2022, Catherine J Mcginnis Family Foundation generated $42.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.8%) each year. All expenses for the organization totaled $224.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Catherine J Mcginnis Family Foundation has awarded 131 individual grants totaling $1,209,321. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arlene M Mcginnis Trustee | 2 | $0 | |
Colleen M Mcginnis Trustee | 2 | $0 | |
Kelly A Royston Trustee | 2 | $0 | |
Erin M Meitzler Director/tru | 8 | $0 | |
Kaitlin M Very Trustee | 8 | $0 | |
Connor Royston Jr Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $146 |
| Dividends & Interest | $53,729 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$13,084 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,000 |
| Total Revenue | $42,791 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $531 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $14,046 |
| Total operating and administrative expenses | $34,301 |
| Contributions, gifts, grants paid | $190,000 |
| Total expenses and disbursements | $224,301 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $93,018 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,604 |
| Total assets | $2,381,857 |
| 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, Catherine J Mcginnis Family Foundation has awarded $190,000 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICARES PURPOSE: DISASTER RELIEF | $22,000 |
MERCY MEDICAL ANGEL PURPOSE: MEDICAL TRANSPORT | $5,000 |
FEEDING AMERICA PURPOSE: FOOD FOR THE POOR | $10,000 |
HABITAT FOR HUMANITY PURPOSE: HOUSING ASSISTANCE | $1,000 |
SALVATION ARMY LOUDOUN CO PURPOSE: ASSISTANCE TO THE POOR | $5,000 |
MERCY MEDICAL ANGEL PURPOSE: MEDICAL TRANSPORT | $5,000 |