Mcleroy Foundation
- Assets
- $149.9k
- Revenue
- $60.8k
- Investments
- $112.1k
- Employees
- 0
- Location
- Brentwood, TN
- Founding
- 06/1999
- Data as of
- 12/2023
- EIN
- 62-1763305
Organization Overview
Mcleroy Foundation is located in Brentwood, TN. The organization was established in 1999. According to its NTEE Classification (P40) the organization is classified as: Family Services, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mcleroy 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 12/2023, Mcleroy Foundation generated $60.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $93.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.9%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mcleroy Foundation has awarded 73 individual grants totaling $555,589. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phyllis Mcleroy President | 6 | $15,480 | |
Harriet White Treasurer | 1 | $0 | |
Trent Green Board Member | 1 | $0 | |
Vanail Glimps Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $94 |
| Dividends & Interest | $11,903 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $48,814 |
| Capital Gain Net Income | $48,814 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $60,811 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $15,480 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $4,104 |
| Interest | $0 |
| Taxes | $1,333 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,601 |
| Total operating and administrative expenses | $30,058 |
| Contributions, gifts, grants paid | $63,265 |
| Total expenses and disbursements | $93,323 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,029 |
| Savings and temporary cash investments | $25,721 |
| 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 | $149,883 |
| Accounts payable and accrued expenses | $603 |
| 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 | $603 |
Grants Awarded
Over the last fiscal year, Mcleroy Foundation has awarded $63,265 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
AGAPE PURPOSE: FOSTER CARE PROGRAM | $6,250 |
CASA PURPOSE: PROGRAM SUPPORT | $5,000 |
FIRST STEPS PURPOSE: INSTRUCTIONAL SUPPLIES | $7,500 |
CROSSROADS CAMPUS PURPOSE: PROGRAM SUPPORT | $22,500 |
MONROE HARDINGRSI PURPOSE: GED INCENTIVE GRANTS FOR 16 STUDENTS | $8,500 |
TUCKER'S HOUSE PURPOSE: PROGRAM SUPPORT | $5,000 |