Mccallum Charitable Foundation Inc
- Assets
- $772.5k
- Revenue
- $25.7k
- Investments
- $766.6k
- Employees
- 0
- Location
- Vestavia Hills, AL
- Founding
- 01/1997
- Data as of
- 06/2024
- EIN
- 63-1184013
Organization Overview
Mccallum Charitable Foundation Inc is located in Vestavia Hills, AL. The organization was established in 1997. 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. Mccallum Charitable 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 06/2024, Mccallum Charitable Foundation Inc generated $25.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.1%) each year. All expenses for the organization totaled $18.6k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (7.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mccallum Charitable Foundation Inc has awarded 55 individual grants totaling $139,909. 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 |
|---|---|---|---|
Charles A Mccallum III Director | 1 | $0 | |
Scott A Mccallum Director | 0.5 | $0 | |
Christopher J Mccallum Director | 0.5 | $0 | |
Phillip W Mccallum Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $26,007 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$340 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $25,667 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $548 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $6,013 |
| Contributions, gifts, grants paid | $12,600 |
| Total expenses and disbursements | $18,613 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,935 |
| 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 | $766,579 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $772,514 |
| 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, Mccallum Charitable Foundation Inc has awarded $12,600 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF ALABAMA AT BIRMINGHAM PURPOSE: TO SUPPORT EDUCATONAL EXCELLANCE TO A NURSING STUDENT THROUGH THE ALICE L MCCALLUM ENDOWED NURSING SCHOLARSHIP | $5,300 |
THE RED BARN PURPOSE: TO PROMOTE EDUCATIONAL, THERAPEUTIC, AND EQUINE-ASSISTED PROGRAMS BENEFITING INDIVIDUALS WITH DISABILITIES AND SPECIAL CIRCUMSTANCES,. ESPECIALLY THOSE LIVING IN LOW-INCOME FAMILIES. | $2,000 |
UNIVERSITY OF ALABAMA PURPOSE: TO PROMOTE EDUCATONAL EXCELLANCE | $2,650 |
UNIVERSITY OF ALABAMA PURPOSE: TO PROMOTE ORAL AND MAXILLOFACIAL SURGERY, TO IMPROVE THE ORAL HEALTH OF RESIDENTS ACROSS THE STATE OF ALABAMA, AND BY TRAINING AND MONITORING THE NEXT GENERATION OF LEADERS IN ORAL HEALTH. | $2,650 |