Darrin-Mchone Charitable Foundation
- Assets
- $1.1m
- Revenue
- $45.8k
- Investments
- $254.8k
- Employees
- 0
- Location
- Harrisonburg, VA
- Founding
- 01/2003
- Data as of
- 06/2024
- EIN
- 54-2053093
Organization Overview
Darrin-Mchone Charitable Foundation is located in Harrisonburg, VA. The organization was established in 2003. 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. Darrin-Mchone Charitable 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 06/2024, Darrin-Mchone Charitable Foundation generated $45.8k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $70.8k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Darrin-Mchone Charitable Foundation has awarded 101 individual grants totaling $285,902. 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
GRANTS TO QUALIFIED CHARITIES
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James C Mchone President | 0.5 | $0 | |
Wayne L Harrison Secretary/treasurer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,000 |
| Interest on Savings | $9,025 |
| Dividends & Interest | $9,387 |
| Net Rental Income | -$14,294 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $45,787 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $154 |
| Depreciation | $4,472 |
| Occupancy | $27,197 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $45 |
| Total operating and administrative expenses | $33,943 |
| Contributions, gifts, grants paid | $36,852 |
| Total expenses and disbursements | $70,795 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,621 |
| Savings and temporary cash investments | $25,822 |
| 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 | $175,597 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $29,076 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $577,000 |
| Other assets | $12,941 |
| Total assets | $1,098,889 |
| 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 | $1,250 |
| Total liabilities | $1,250 |
Grants Awarded
Over the last fiscal year, Darrin-Mchone Charitable Foundation has awarded $36,852 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
ARTS COUNCIL OF VALLEY PURPOSE: CHARITABLE | $7,392 |
COMMUNITY COUNSELING CENTER PURPOSE: CHARITABLE SUPPORT | $1,060 |
AMERICAN FRONTIER CULTURE FDN INC PURPOSE: SUPPORT THE MUSEUM OF AMERICAN HERITAGE | $1,000 |
EXPLORE MORE DISCOVERY MUSEUM PURPOSE: CHARITABLE | $5,000 |
HISTORIC STAUNTON FOUNDATION PURPOSE: CHARITABLE | $500 |
OUR COMMUNITY PLACE PURPOSE: CHARITABLE | $400 |