Mcphearson Foundation
- Assets
- $121.8k
- Revenue
- $4.6k
- Investments
- $118.0k
- Employees
- 0
- Location
- Tuscaloosa, AL
- Founding
- 01/1996
- Data as of
- 12/2021
- EIN
- 58-2168184
Organization Overview
Mcphearson Foundation is located in Tuscaloosa, AL. The organization was established in 1996. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Mcphearson 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 12/2021, Mcphearson Foundation generated $4.6k 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 (4.4%) each year. All expenses for the organization totaled $5.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.2%) per year over the past 7 years. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
UNIVERSITY OF ALABAMA C/O P. VENKARRAN 11551 COURTNEY LANE NORTHPORT, AL 35475
CANNINE COMPANIONS P O BOX ORLANDO, FL 32868
CHRISTOPHER & DANA REEVE FOUNDATION 636 MORRIS TURNPIKE STE 3A SHORT HILLS, NJ 07078
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Lee Mcphearson Sec/treasure | 0 | $0 | |
Virginia Mcphearson President | 0 | $0 | |
Grace M O'grady Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,238 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,344 |
| Capital Gain Net Income | $1,344 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,582 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $64 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,750 |
| Contributions, gifts, grants paid | $4,198 |
| Total expenses and disbursements | $5,948 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,807 |
| Savings and temporary cash investments | $0 |
| 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 | $121,782 |
| 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, Mcphearson Foundation has awarded $4,198 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF ALABAMA PURPOSE: ASSISTING IN SPINAL INJURY EXPENSES | $1,400 |
CHISTOPHER & DANA REEVE FOUNDAION PURPOSE: FINDING CURES FOR SPINAL INJURY | $1,399 |
CANNIE CAMPANIONS PURPOSE: MEET NEEDS OF SPINAL INJURY INDIVIDU | $1,399 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Caring Foundation Birmingham, AL | $70,981,159 | $5,434,235 |
Malone Family Foundation Hobe Sound, FL | $111,664,161 | $13,667,566 |
The Fairholme Foundation Coral Gables, FL | $289,766,586 | $285,369 |
Nicklaus Childrens Health Care Foundation Inc North Palm Beach, FL | $45,302,726 | $13,320,876 |
Albert L Ueltschi Foundation Vero Beach, FL | $287,931,919 | $1,247,906 |
Speedwell Foundation Atlanta, GA | $165,926,993 | $26,115,784 |
Holtz Charitable Foundation Inc Orlando, FL | $5,015,513 | $2,659,459 |
Wiregrass Foundation Dothan, AL | $101,684,443 | $2,886,891 |
The St Joe Community Foundation Inc Panama City Beach, FL | $5,065,380 | $5,661,153 |
Louisiana First Horizon Foundation Memphis, TN | $16,881,232 | $5,299 |
Anthony And Christie De Nicola Foundation Englewood, FL | $68,737,760 | $5,161,997 |
West Florida Premier Soccer Club Inc Brandon, FL | $880,382 | $3,137,006 |