Selby And Richard Mcrae Foundation
- Assets
- $38.9m
- 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 organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 30.7% each year . All expenses for the organization totaled $3.4m during the year ending 01/2022. While expenses have increased by 9.2% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Selby And Richard Mcrae Foundation has awarded 225 individual grants totaling $18,309,644. 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 |
|---|---|---|---|
Renee D Holm Executive Director | 35 | $67,230 | |
Susan Mcrae Shanor President | 1 | $0 | |
Richard D Mcrae Jr Vice-President | 1 | $0 | |
Vaughan W Mcrae Secretary | 1 | $0 |
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 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,973,879 |
| Capital Gain Net Income | $6,890,742 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $958 |
| Total Revenue | $8,571,429 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $63,845 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $7,970 |
| Interest | $18,582 |
| Taxes | $32,206 |
| Depreciation | $24,355 |
| Occupancy | $16,402 |
| Travel, conferences, and meetings | $1,257 |
| Printing and publications | $0 |
| Other expenses | $363,764 |
| 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 |
| Savings and temporary cash investments | $949,511 |
| 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 | $37,505,982 |
| Net Land, buildings, and equipment | $467,711 |
| Other assets | $0 |
| Total assets | $38,923,204 |
| 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, Selby And Richard Mcrae Foundation has awarded $4,903,430 in support to 56 organizations.
| Grant Recipient | Amount |
|---|---|
Ridgeland, MS PURPOSE: LOWER SCHOOL RENOVATIONS | $1,000,000 |
MAGNOLIA SPEECH SCHOOL PURPOSE: PLAYGROUND CONSTRUCTION & FLAG POLE CONSTRUCTION | $365,000 |
Asheville, NC PURPOSE: STUDENT SCHOLARSHIPS & ATHLETIC ENHANCEMENTS | $275,000 |
Ridgeland, MS PURPOSE: CHAPEL AND BELLTOWER CONSTRUCTION | $250,000 |
UNIVERSITY OF MS MEDICAL CENTER PURPOSE: CHILDREN'S HOSPITAL CONSTRUCTION & CHILDREN'S CENTER FOR CANCER AND BLOOD DISORDERS | $250,000 |
Flowood, MS PURPOSE: TUITION ENDOWMENT | $250,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Ergon Foundation Inc Jackson, MS | $213,824,095 | $11,919,127 |
Winthrop Rockefeller Foundation Little Rock, AR | $169,499,273 | $12,187,719 |
Joe C Davis Foundation Nashville, TN | $101,782,891 | $6,182,733 |
Day Foundation Memphis, TN | $0 | $13,711,953 |
Clayton Family Foundation Knoxville, TN | $90,913,195 | $17,391,150 |
Irene W And C B Pennington Foundation Baton Rouge, LA | $0 | $6,041,681 |
G Harbaugh Foundation Franklin, TN | $61,708,468 | $12,393,056 |