Ta The John P Mcconnell Foundation
- Assets
- $2.0m
- Revenue
- $66.4k
- Investments
- $1.4m
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 08/1998
- Data as of
- 12/2022
- EIN
- 56-2051268
Organization Overview
Ta The John P Mcconnell Foundation is located in Raleigh, NC. 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. Ta The John P Mcconnell 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, Ta The John P Mcconnell Foundation generated $66.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (28.4%) each year. All expenses for the organization totaled $303.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Ta The John P Mcconnell Foundation has awarded 104 individual grants totaling $1,148,950. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
NONE
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $46,868 |
| Net Rental Income | $5,797 |
| Net Gain on Sale of Assets | $9,253 |
| Capital Gain Net Income | $9,253 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $66,421 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,954 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,509 |
| Total operating and administrative expenses | $29,200 |
| Contributions, gifts, grants paid | $274,100 |
| Total expenses and disbursements | $303,300 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,511 |
| Savings and temporary cash investments | $155,217 |
| 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 | $384,769 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,597 |
| Total assets | $1,959,364 |
| 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, Ta The John P Mcconnell Foundation has awarded $274,100 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
CONTINUOUS BLESSINGS FOUNDATION PURPOSE: GENERAL SUPPORT | $4,000 |
GREEN SPRING PRESBYTERIAN CHURCH PURPOSE: MEMORIAL | $3,000 |
FRANKIE LEMMON SCHOOL AND DEVELOPME PURPOSE: GENERAL SUPPORT | $10,000 |
NC SPORTS HALL OF FAME PURPOSE: GENERAL SUPPORT | $15,000 |
REX HOSPITAL FOUNDATION PURPOSE: GENERAL SUPPORT | $9,500 |
THE COOL BRANCH FIRE DEPARTMENT PURPOSE: GENERAL SUPPORT | $5,000 |