Maclellan Foundation Inc
- Assets
- $225.3m
- Revenue
- $34.6m
- Investments
- $197.6m
- Employees
- 0
- Location
- Chattanooga, TN
- Founding
- 02/1992
- Data as of
- 12/2021
- EIN
- 62-6041468
Organization Overview
Maclellan Foundation Inc is located in Chattanooga, TN. The organization was established in 1992. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Maclellan 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 12/2021, Maclellan Foundation Inc generated $34.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $31.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Maclellan Foundation Inc has awarded 2,421 individual grants totaling $214,122,288. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOR PROVIDNG TECHNICAL ASSISTANCE FOR NON-PROFITS AND GRANTEES:THE FOUNDATION INTENTIONALLY SEEKS TO BUILD THE CAPACITY OF NONPROFITS THROUGH PROVIDING TECHNICAL ASSISTANCE IN AREAS SUCH AS GOVERNANCE, LEADERSHIP, AND GENERAL CAPACITY BUILDING. THE FOUNDATION PARTNERED WITH CONSULTANTS TO PROVIDE TRAINING AND CONSULTING ON STRATEGIC PLANNING AND LEADERSHIP COACHING TO DIFFERENT NON-PROFIT ORGANIZATIONS AND GRANTEES, AND CONTINUED TO DEVELOP AND TRANSLATE OUR OWN CURRICULUM TO TRAIN ON GOVERNANCE BEST PRACTICES. TO FACILIATE TECHNICAL ASSISTANCE TO GRANTEES, THE FOUNDATION INVESTED IN A PLATFORM WHICH PAIRS PRO BONO PROFESSIONALS WITH NONPROFITS TO PROVIDE FREE SERVICES SUCH AS STRATEGIC PLANNING, MARKETING, AND HR. "
FOR PROMOTING GENEROSITY/PHILANTHROPY:THE FOUNDATION PROMOTES GENEROSITY AMONG INDIVIDUALS AND ORGANIZATIONS THROUGH ITS OWN PROGRAMS, INCLUDING: DEVELOPMENT AND PUBLISHING OF CONTENT TO PROMOTE GENEROSITY, TRANSLATION OF GENEROSITY-FOCUSED CONTENT, HOSTING GIVING COLLABORATIONS WITH DONORS, AND CONDUCTING TRAININGS ON GENEROSITY.
FOR LITERACY PROJECTS TO SUPPORT THE EDUCATION OF CHILDREN AND YOUTH:THE FOUNDATION COLLABORATES LOCALLY WITH OTHER COMMUNITY ORGANIZATIONS TO PROMOTE LITERACY GROWTH AMONG CHILDREN. THE FOUNDATION PAID FOR CONSULTING SERVICES TO WORK IN COLLABORATION WITH THE LOCAL DEPARTMENT OF EDUCATION, TO SUPPORT A COMMUNITY-WIDE EFFORT TO INCREASE LITERACY.
FOR SUPPORTING HOLISTIC OUTREACH TO THE INDIGENT:THE FOUNDATION HELPS FUND AND PUT ON EVENTS TO SUPPORT THE LOCAL MACLELLAN SHELTER FOR FAMILIES, WHICH PROVIDES INTERIM HOUSING FOR INDIGENT FAMILIES. THE PROJECT INCLUDED PAYING EXPENSES FOR THE GRATEFUL GOBBLER WALK WHICH RAISES FUNDS FOR THE SHELTER. ADDITIONALLY, THE FOUNDATION PARTNERED WITH CONSULTANTS TO ASSIST THE MARY WALKER FOUNDATION HELP CREATE ECONOMIC STABILITY THROUGH LITERACY TRAININGS AND EDUCATIONAL ACTIVITIES IN THE EAST LAKE AND ALTON PARK NEIGHORHOODS OF CHATTANOOGA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
W Miller Welborn Trustee | 1 | $0 | |
Ben Fischer Trustee | 1 | $0 | |
Lucien Behar Chief Financial Officer | 38 | $237,574 | |
David G Denmark Executive Director | 38 | $585,475 | |
Hugh O Maclellan Jr Secretary | 1 | $0 | |
Robert H Maclellan Vice Chairman | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kig Management Nevada Inc | 12/30/22 | $488,947 |
Candle Llc | 12/30/22 | $196,363 |
Claridy Communications | 12/30/22 | $156,223 |
Wyre Technology Llc | 12/30/22 | $81,000 |
Gratias Capital Llc | 12/30/22 | $183,554 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,462 |
| Dividends & Interest | $4,718,040 |
| Net Rental Income | $271,702 |
| Net Gain on Sale of Assets | $28,488,620 |
| Capital Gain Net Income | $28,397,507 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,168,214 |
| Total Revenue | $34,648,038 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $531,448 |
| Other employee salaries and wages | $1,443,334 |
| Pension plans, employee benefits | $387,252 |
| Interest | $250,342 |
| Taxes | $278,569 |
| Depreciation | $139,506 |
| Occupancy | $67,261 |
| Travel, conferences, and meetings | $205,024 |
| Printing and publications | $10,592 |
| Other expenses | $4,353,019 |
| Total operating and administrative expenses | $9,719,996 |
| Contributions, gifts, grants paid | $21,676,187 |
| Total expenses and disbursements | $31,396,183 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,299,676 |
| 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 | $114,766,437 |
| Net Land, buildings, and equipment | $3,335,576 |
| Other assets | $20,055,941 |
| Total assets | $225,312,680 |
| 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 | $59,404 |
| Total liabilities | $59,404 |
Grants Awarded
Over the last fiscal year, Maclellan Foundation Inc has awarded $22,104,365 in support to 313 organizations.
| Grant Recipient | Amount |
|---|---|
ASSOCIATION OF RELATED CHURCHES PURPOSE: FOR CHARITABLE LEADERSHIP DEVELOPMENT. | $70,000 |
CEDARWORKS INC PURPOSE: FOR CHARITABLE LEADERSHIP DEVELOPMENT. | $3,000 |
GRAND DOGS RESCUE AND ADOPTION PURPOSE: FOR GENERAL OPERATING SUPPORT. | $100 |
PARAKALEO PURPOSE: FOR CHARITABLE LEADERSHIP DEVELOPMENT. | $15,000 |
SCRIPTURES IN USE PURPOSE: FOR CHARITABLE LEADERSHIP DEVELOPMENT. | $100,000 |
ROOTED MINISTRY PURPOSE: FOR GENERAL OPERATING SUPPORT. | $2,500 |