M & K Foundation Inc
- Assets
- $303.5k
- Revenue
- $47.7k
- Investments
- $265.7k
- Employees
- 0
- Location
- Watkinsville, GA
- Founding
- 07/1992
- Data as of
- 06/2022
- EIN
- 58-1547175
Organization Overview
M & K Foundation Inc is located in Watkinsville, GA. The organization was established in 1992. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. M & K Foundation Inc 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 06/2022, M & K Foundation Inc generated $47.7k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 65.0% each year . All expenses for the organization totaled $40.9k during the year ending 06/2022. While expenses have increased by 22.6% per year over the past 5 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTING OCONEE COUNTY YOUTH IN LEADERSHIP PROGRAMS EDUCATIONAL EXPERIENCES FOR SPECIAL NEEDS YOUTH AND SCHOLARSHIPS TO HIGH SCHOOL STUDENTS
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 |
|---|---|---|---|
Will Ross Secretary | 1 | $0 | |
Mike Eddy Treasurer | 3 | $0 | |
Jeff Hackleman President | 2 | $0 | |
John Daniell Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $35,951 |
| Interest on Savings | $1 |
| Dividends & Interest | $6,388 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,349 |
| Capital Gain Net Income | $5,349 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $47,689 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $779 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $16,170 |
| Total operating and administrative expenses | $24,444 |
| Contributions, gifts, grants paid | $16,500 |
| Total expenses and disbursements | $40,944 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,142 |
| Savings and temporary cash investments | $18,680 |
| 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 | $0 |
| Total assets | $303,528 |
| 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, M & K Foundation Inc has awarded $16,500 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
Watkinsville, GA PURPOSE: CAMP SCHOLARSHIP | $4,000 |
OCONEE COUNTY 4H PURPOSE: CAMP SCHOLARSHIP | $1,500 |
NORTH OCONEE HIGH SCHOOL FFA PURPOSE: SCHOLARSHIP AWARD | $1,500 |
OCONEE COUNTY HIGH SCHOOL FFA PURPOSE: SCHOLARSHIP AWARD | $1,500 |
HANNAH CARTER PURPOSE: SCHOLARSHIP AWARD | $1,000 |
KINSEY PATRICK PURPOSE: SCHOLARSHIP AWARD | $1,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that M & K Foundation Inc has recieved totaling $3,250.
| Awarding Organization | Amount |
|---|---|
Peach State Fcu Cares Foundation Inc Lawrenceville, GA PURPOSE: ORGANIZATIONAL SUPPORT | $3,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Floridamakes Inc Orlando, FL | $1,478,174 | $9,967,367 |
Beemok Family Foundation Charleston, SC | $51,753,352 | $227,490 |
Golf Club Of Tennessee Kingston Springs, TN | $25,072,540 | $8,179,428 |
Watson-Brown Foundation Inc Thomson, GA | $0 | $9,697,974 |
Laura Holland Uzzell Foundation Morrisville, NC | $14,769,987 | $6,660,101 |
Alef Fund Inc Atlanta, GA | $10,107,377 | $6,194,898 |
Broward Education Foundation Inc Fort Lauderdale, FL | $12,469,303 | $5,256,121 |
Bill And Carol Latimer Charitable Foundation Union City, TN | $129,837,485 | $34,799,223 |
Chi Omega Foundation Memphis, TN | $45,483,838 | $7,373,045 |
University Of West Georgia Foundation Inc Carrollton, GA | $86,140,941 | $10,389,838 |
Memphis Teacher Residency Inc Memphis, TN | $5,540,031 | $6,575,161 |
South Carolina Educational Credit For Exceptional Needs Children Fun Columbia, SC | $1,181,238 | $5,546,279 |