Hugh And Charlotte Maclellan Charitabhle Trust
- Assets
- $21.8m
- Revenue
- $1.0m
- Investments
- $20.3m
- Employees
- 0
- Location
- Chattanooga, TN
- Founding
- 09/1993
- Data as of
- 06/2022
- EIN
- 62-6268981
Organization Overview
Hugh And Charlotte Maclellan Charitabhle Trust is located in Chattanooga, TN. The organization was established in 1993. 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. Hugh And Charlotte Maclellan Charitabhle Trust 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 06/2022, Hugh And Charlotte Maclellan Charitabhle Trust generated $1.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.7%) each year. All expenses for the organization totaled $2.8m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Hugh And Charlotte Maclellan Charitabhle Trust has awarded 397 individual grants totaling $11,180,875. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hugh O Maclellan Jr Secretary & Treasurer | 0.5 | $0 | |
Christopher H Maclellan Vice President | 3 | $0 | |
Daniel O Maclellan President | 5 | $0 | |
Catherine M Heald Vice President | 1 | $0 | |
Elizabeth M Lindquist Vice President | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $491,169 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $480,964 |
| Capital Gain Net Income | $478,529 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $41,130 |
| Total Revenue | $1,013,263 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $61,243 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $518,641 |
| Total operating and administrative expenses | $594,710 |
| Contributions, gifts, grants paid | $2,162,800 |
| Total expenses and disbursements | $2,757,510 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $205,172 |
| Savings and temporary cash investments | $1,217,489 |
| 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 | $14,362,827 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $16,636 |
| Total assets | $21,773,201 |
| 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 | $313,354 |
| Total liabilities | $313,354 |
Grants Awarded
Over the last fiscal year, Hugh And Charlotte Maclellan Charitabhle Trust has awarded $2,162,800 in support to 94 organizations.
| Grant Recipient | Amount |
|---|---|
SPARC PURPOSE: FOR GENERAL OPERATING SUPPORT. | $5,000 |
BAYLOR SCHOOL THE PURPOSE: FOR EDUCATION OF YOUTH AND CHILDREN. | $10,000 |
BRIARWOOD PRESBYTERIAN CHURCH PURPOSE: FOR SPIRITUAL FORMATION AND EDUCATION. | $3,000 |
CALVARY CHAPEL CHATTANOOGA INC PURPOSE: FOR RESTORATION AND REHABILITATION PROGRAMS. | $50,000 |
CAMPUS CRUSADE FOR CHRIST INC PURPOSE: FOR SPIRITUAL FORMATION AND EDUCATION. | $5,000 |
CHATTANOOGA CHRISTIAN SCHOOL INC PURPOSE: FOR EDUCATION OF YOUTH AND CHILDREN. | $10,000 |