Bacot Mccarty Foundation
- Assets
- $1.1m
- Revenue
- $439.9k
- Investments
- $952.9k
- Employees
- 0
- Location
- Pascagoula, MS
- Founding
- 02/1979
- Data as of
- 10/2022
- EIN
- 64-0620054
Organization Overview
Bacot Mccarty Foundation is located in Pascagoula, MS. The organization was established in 1979. 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. Bacot Mccarty 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 10/2022, Bacot Mccarty Foundation generated $439.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $803.7k during the year ending 10/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Bacot Mccarty Foundation has awarded 64 individual grants totaling $1,529,429. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION'S PRIMARY MISSION IS TO INCREASE PHILANTHROPY BY MAKING GRANTS TO WORTHY CAUSES WITH A CONTINUED FOCUS ON YOUTH, EDUCATION AND THE CULTURAL ARTS, PROVIDING DONOR SERVICES; WHILE PROMOTING AND PROVIDING LEADERSHIP IN RESPONSE TO THE GULF COAST REGION'S CHANGING NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION'S PRIMARY MISSION IS TO INCREASE PHILANTHROPY BY MAKING GRANTS TO WORTHY CAUSES WITH A CONTINUED FOCUS ON YOUTH, EDUCATION AND THE CULTURAL ARTS, PROVIDING DONOR SERVICES; WHILE PROMOTING AND PROVIDING LEADERSHIP IN RESPONSE TO THE GULF COAST REGION'S CHANGING NEEDS.
THE FOUNDATION'S PRIMARY MISSION IS TO INCREASE PHILANTHROPY BY MAKING GRANTS TO WORTHY CAUSES WITH A CONTINUED FOCUS ON YOUTH, EDUCATION AND THE CULTURAL ARTS, PROVIDING DONOR SERVICES; WHILE PROMOTING AND PROVIDING LEADERSHIP IN RESPONSE TO THE GULF COAST REGION'S CHANGING NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd Trenchard Exec. Director | Trustee | 40 | $92,083 |
Marshall Smith Treasurer | OfficerTrustee | 1 | $0 |
Rich Westfall Vice Chairman | OfficerTrustee | 1 | $0 |
Joe Martin At Large | OfficerTrustee | 1 | $0 |
Phillip Pogue Chairman | OfficerTrustee | 1 | $0 |
Kevin Miller Past Chairman | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $309,676 |
| Noncash contributions included in lines 1a–1f | $18,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $309,676 |
| Total Program Service Revenue | $0 |
| Investment income | $18,506 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $305,744 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $439,896 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $544,362 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $92,083 |
| Compensation of current officers, directors, key employees. | $18,417 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $49,096 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $17,416 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,011 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,376 |
| Office expenses | $6,114 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $29,721 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $19,573 |
| All other expenses | $1,049 |
| Total functional expenses | $803,749 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $128,934 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $22,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $952,910 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,103,844 |
| Accounts payable and accrued expenses | $12,881 |
| Grants payable | $0 |
| Deferred revenue | $15,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $27,881 |
| Net assets without donor restrictions | $108,839 |
| Net assets with donor restrictions | $967,124 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,103,844 |
Grants Awarded
Over the last fiscal year, Bacot Mccarty Foundation has awarded $1,024,328 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
VARIOUS CHARITABLE ORGIANZATIONS AND OTHER ENTITIES PURPOSE: PURPOSE OF GRANT IS FOR EDUCATION AND CHARITABLE PURPOSES | $164,750 |
VARIOUS CHARITABLE ORGIANZATIONS AND OTHER ENTITIES PURPOSE: PURPOSE OF GRANT IS FOR EDUCATION AND CHARITABLE PURPOSES | $164,750 |
RESURRECTION CATHOLIC SCHOOL PURPOSE: PURPOSE OF GRANT IS FOR EDUCATION AND CHARITABLE PURPOSES | $90,600 |
RESURRECTION CATHOLIC SCHOOL PURPOSE: PURPOSE OF GRANT IS FOR EDUCATION AND CHARITABLE PURPOSES | $90,600 |
MISSISSIPPI AQUARIUM PURPOSE: PURPOSE OF GRANT IS FOR EDUCATION AND CHARITABLE PURPOSES | $56,598 |
MISSISSIPPI AQUARIUM PURPOSE: PURPOSE OF GRANT IS FOR EDUCATION AND CHARITABLE PURPOSES | $56,598 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bacot Mccarty Foundation has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Jerry And Polly Lee Family Foundation Trust Pascagoula, MS PURPOSE: DONATION | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trousdale Foundation Inc Cleveland, TN | $157,578,588 | $76,137,385 |
Rob And Melani Walton Foundation Bentonviille, AR | $541,056,642 | $120,568,910 |
Wend Ii Inc Bentonville, AR | $174,655,774 | $207,303,582 |
Maclellan Foundation Inc Chattanooga, TN | $225,301,353 | $34,552,415 |
Town Branch Foundation Bentonville, AR | $511,930,269 | $39,195,874 |
The Frist Foundation Nashville, TN | $198,128,014 | $36,312,656 |
Zoma Foundation Bentonville, AR | $228,655,575 | $19,208,599 |
Penner Family Foundation Bentonville, AR | $146,107,822 | $15,983,833 |
J R Hyde Iii Foundation Memphis, TN | $230,354,058 | $26,306,779 |
First Horizon Foundation Memphis, TN | $37,840,936 | $11,265,846 |
The William B Wiener Jr Foundation Shreveport, LA | $23,196,478 | $3,677,470 |
Bashinsky Foundation Inc Birmingham, AL | $2,626,965 | $3,568,518 |