Mccormack Foundation
- Assets
- $1.1m
- Revenue
- $78.6k
- Investments
- $927.6k
- Employees
- 0
- Location
- Columbus, GA
- Founding
- 02/1959
- Data as of
- 12/2022
- EIN
- 58-6035369
Organization Overview
Mccormack Foundation is located in Columbus, GA. The organization was established in 1959. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Mccormack 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, Mccormack Foundation generated $78.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $31.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Mccormack Foundation has awarded 84 individual grants totaling $256,000. 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
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beatrice Mccormack Trustee | 0.2 | $0 | |
Synovus Trust Company Agent | 2 | $13,561 | |
Mary Helen Dykes Trustee | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $29,159 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $49,402 |
| Capital Gain Net Income | $49,402 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $78,561 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $13,561 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,153 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $17,754 |
| Contributions, gifts, grants paid | $13,500 |
| Total expenses and disbursements | $31,254 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $138,289 |
| 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 | $2,040 |
| Total assets | $1,067,959 |
| 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, Mccormack Foundation has awarded $13,500 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
ALBANY STATE UNIVERSITY FOUNDATION PURPOSE: EDUCATIONAL | $1,500 |
DIOCESAN DEVELOPMENT DRIVE PURPOSE: RELIGIOUS | $2,000 |
DARTON STATE COLLEGE FOUNDATION PURPOSE: EDUCATIONAL | $1,000 |
GONZAGA UNIVERSITY PURPOSE: EDUCATIONAL | $2,500 |
SOUTHERN UTAH WILDERNESS ALLIANCE PURPOSE: CHARITABLE | $500 |
ST BERNARD COLLEGE PURPOSE: EDUCATIONAL | $1,000 |