Selby And Richard Mcrae Foundation
- Assets
- $0.0
- Revenue
- $8.6m
- Investments
- $37.5m
- Employees
- 0
- Location
- Jackson, MS
- Founding
- 08/1965
- Data as of
- 01/2022
- EIN
- 64-6026795
Organization Overview
Selby And Richard Mcrae Foundation is located in Jackson, MS. The organization was established in 1965. 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. Selby And Richard Mcrae 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 01/2022, Selby And Richard Mcrae Foundation generated $8.6m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $3.4m during the year ending 01/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Selby And Richard Mcrae Foundation has awarded 272 individual grants totaling $21,701,303. 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 |
|---|---|---|---|
Susan Mcrae Shanor President | 1 | $0 | |
Richard D Mcrae Jr Vice-President | 1 | $0 | |
Vaughan W Mcrae Secretary | 1 | $0 | |
Renee D Holm Executive Director | 35 | $59,749 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Arnerich Massena And Associates | 1/30/18 | $82,000 |
Chartwell Consulting | 1/30/18 | $77,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,003,828 |
| Interest on Savings | $117 |
| Dividends & Interest | $592,647 |
| Profit on Inventory Sales | $0 |
| Other Income | $958 |
| Total Revenue | $8,571,429 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $63,845 |
| Pension plans, employee benefits | $7,970 |
| Depreciation | $24,355 |
| Occupancy | $16,402 |
| Travel, conferences, and meetings | $1,257 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $670,153 |
| Contributions, gifts, grants paid | $2,738,930 |
| Total expenses and disbursements | $3,409,083 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $37,505,982 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Selby And Richard Mcrae Foundation has awarded $3,391,659 in support to 47 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS PURPOSE: HOME FIRE DETECTOR CAMPAIGN | $10,000 |
CHILDREN'S FOUNDATION OF MISSISSIPPI PURPOSE: CHILDREN'S ADVOCACY CONFERENCE SPONSORSHIP | $2,500 |
AQUINAS INSTITUTE OF THEOLOGY PURPOSE: ANNUAL FUND | $5,000 |
COMMUNITY FOUNDATION OF MISSISSIPPI PURPOSE: MS BOOK FESTIVAL & NOVA FOUNDATION | $35,000 |
FRENCH CAMP ACADEMY PURPOSE: STUDENT WORK PROGRAM | $35,000 |
BETHLEHEM CENTER THE PURPOSE: MINISTRY TO INTER-CITY FAMILIES & CHILDREN | $12,000 |