The Mccarty Cheney Foundation Inc
- Assets
- $3.6m
- Revenue
- $115.0k
- Investments
- $3.5m
- Employees
- 0
- Location
- Palm Beach, FL
- Founding
- Data as of
- 12/2023
- EIN
- 58-1867301
Organization Overview
The Mccarty Cheney Foundation Inc is located in Palm Beach, FL. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mccarty Cheney 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 12/2023, Mccarty Cheney Foundation Inc generated $115.0k 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 (18.1%) each year. All expenses for the organization totaled $477.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mccarty Cheney Foundation Inc has awarded 57 individual grants totaling $4,382,342. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eleanor Frances Cheney President & Treasurer | 1 | $0 | |
Johanna F Cheney Secretary | 1 | $0 | |
William H Cheney Jr Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $10,695 |
| Dividends & Interest | $93,262 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,062 |
| Capital Gain Net Income | $11,062 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $115,019 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,566 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $36,105 |
| Total operating and administrative expenses | $45,593 |
| Contributions, gifts, grants paid | $432,000 |
| Total expenses and disbursements | $477,593 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,860 |
| Savings and temporary cash investments | $39,804 |
| 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 | $15,085 |
| Total assets | $3,558,890 |
| 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 | $1,227 |
| Total liabilities | $1,227 |
Grants Awarded
Over the last fiscal year, The Mccarty Cheney Foundation Inc has awarded $432,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CELEBRITIES FOR CHARITIES INC PURPOSE: GENERAL | $6,000 |
HELPING HANDS MINISTRIES INC PURPOSE: GREATEST NEED | $151,000 |
MISSIONARY MINISTRIES PURPOSE: GREATEST NEED | $160,000 |
HOPEWELL MISSIONARY BAPTIST CHURCH PURPOSE: GENERAL | $25,000 |
SOUTH SUDAN NATIONS BUILDERS PURPOSE: GENERAL | $90,000 |