Mcmichael Family Foundation is located in Madison, NC. The organization was established in 1992. 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. Mcmichael 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 09/2022, Mcmichael Family Foundation generated $7.2m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $3.4m during the year ending 09/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Mcmichael Family Foundation has awarded 35 individual grants totaling $11,026,500. 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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Whitney Brigman Heard Secretary/ju | 0 | $11,917 | |
Gail Lane Treasurer/di | 0 | $0 | |
Dalton L Mcmichael Jr President/di | 0 | $0 | |
Anna Drew Kirk Junior Membe | 0 | $0 | |
Andrew Martin Miracle Junior Membe | 0 | $0 | |
Flavel Mcmichael Godfrey Vice Pres/di | 0 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $26,941 |
Dividends & Interest | $914,226 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $6,167,829 |
Capital Gain Net Income | $6,167,829 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $133,700 |
Total Revenue | $7,242,696 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $11,917 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $75,924 |
Taxes | $55,850 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $72,050 |
Total operating and administrative expenses | $639,910 |
Contributions, gifts, grants paid | $2,800,500 |
Total expenses and disbursements | $3,440,410 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $206,084 |
Savings and temporary cash investments | $735,262 |
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 | $22,485,019 |
Net Land, buildings, and equipment | $117,450 |
Other assets | $0 |
Total assets | $45,243,258 |
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 |
Over the last fiscal year, Mcmichael Family Foundation has awarded $2,800,500 in support to 8 organizations.
Grant Recipient | Amount |
---|---|
GRANTS UNDER 100000 PURPOSE: GENERAL PURPOSE | $1,352,600 |
MARY BALDWIN COLLEGE PURPOSE: GENERAL PURPOSE | $500,000 |
NC STATE UNIVERSITY PURPOSE: GENERAL PURPOSE | $221,400 |
NATIONAL CHRISTIAN FOUNDATION KY PURPOSE: GENERAL PURPOSE | $210,000 |
Elon, NC PURPOSE: GENERAL PURPOSE | $205,000 |
High Point, NC PURPOSE: GENERAL PURPOSE | $111,500 |
Organization Name | Assets | Revenue |
---|---|---|
Bobbie Bailey Foundation Inc Tucker, GA | $24,485,053 | $1,564,197 |
J R Hyde Iii Foundation Memphis, TN | $230,354,058 | $26,306,779 |
Yhwh Foundation Inc Carrollton, GA | $0 | $14,288,691 |
C Kenneth And Dianne Wright Foundation Henrico, VA | $254,775 | $2,124,209 |
Drs Bruce & Lee Foundation Florence, SC | $254,078,574 | $12,559,871 |
First Horizon Foundation Memphis, TN | $37,840,936 | $11,265,846 |
Families And Communities Rising Inc Durham, NC | $8,732,109 | $17,644,457 |
Charles A Cannon Charitable Trust N0 One Concord, NC | $132,429,020 | $9,552,538 |
Quality Senior Housing Foundation Of East Texas Inc Atlanta, GA | $68,762,519 | $14,924,948 |
Mary Reynolds Babcock Foundation Incorporated Winstonsalem, NC | $253,832,619 | $55,868,843 |
Edward C And Linda Dresner Levy Foundation Reston, VA | $6,482,787 | $4,609,179 |
Zeist Foundation Inc Atlanta, GA | $306,093,080 | $21,313,980 |