Lillian C Mcgowin Foundation
- Assets
- $1.4m
- Revenue
- $43.0k
- Investments
- $1.3m
- Employees
- 0
- Location
- Mobile, AL
- Founding
- 05/1969
- Data as of
- 12/2022
- EIN
- 63-6067449
Organization Overview
Lillian C Mcgowin Foundation is located in Mobile, AL. The organization was established in 1969. 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. Lillian C Mcgowin 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, Lillian C Mcgowin Foundation generated $43.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $106.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Lillian C Mcgowin Foundation has awarded 256 individual grants totaling $582,300. 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 |
|---|---|---|---|
Regions Bank Trustee | 1 | $0 | |
Lg Adams III Member | 0 | $0 | |
Dottie Mosley Member | 0 | $0 | |
Carol Adams-Davis Member | 0 | $0 | |
Lynn M Little Chairman | 0 | $0 | |
Lewis Beville Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $17,929 |
| Dividends & Interest | $19,885 |
| Net Rental Income | -$5,369 |
| Net Gain on Sale of Assets | $5,169 |
| Capital Gain Net Income | $5,169 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $43,018 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,020 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $13,072 |
| Total operating and administrative expenses | $17,542 |
| Contributions, gifts, grants paid | $88,500 |
| Total expenses and disbursements | $106,042 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,500 |
| 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 | $49,917 |
| Investments—mortgage loans | $0 |
| Investments—other | $126 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,385,639 |
| 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, Lillian C Mcgowin Foundation has awarded $88,500 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
ALABAMA COASTAL FOUNDATION PURPOSE: TO ASSIST ORGANIZATION WITH ITS CHARITABLE PURPOSE | $1,000 |
AMERICAN CANCER SOCIETY PURPOSE: TO ASSIST ORGANIZATION WITH ITS CHARITABLE PURPOSE | $1,000 |
AMERICAN RED CROSS PURPOSE: TO ASSIST ORGANIZATION WITH ITS CHARITABLE PURPOSE | $1,000 |
BARTON ACADEMY PURPOSE: TO ASSIST ORGANIZATION WITH ITS CHARITABLE PURPOSE | $1,000 |
BELLINGRATH GARDENS AND HOME PURPOSE: TO ASSIST ORGANIZATION WITH ITS CHARITABLE PURPOSE | $1,000 |
CHILD ADVOCACY CENTER PURPOSE: TO ASSIST ORGANIZATION WITH ITS CHARITABLE PURPOSE | $2,000 |