Mcdonald Family Foundation Inc
- Assets
- $346.1k
- Revenue
- $11.9k
- Investments
- $121.7k
- Employees
- 0
- Location
- Parkland, FL
- Founding
- 12/2001
- Data as of
- 12/2023
- EIN
- 65-1115081
Organization Overview
Mcdonald Family Foundation Inc is located in Parkland, FL. The organization was established in 2001. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Mcdonald Family 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 12/2023, Mcdonald Family Foundation Inc generated $11.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (6.4%) each year. All expenses for the organization totaled $45.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (10.4%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Mcdonald Family Foundation Inc has awarded 69 individual grants totaling $262,261. 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 |
|---|---|---|---|
Thomas M Mcdonald Pres/director | 1 | $0 | |
Vickie L Mcdonald Sec/treasurer | 1 | $0 | |
Thomas A Mcdonald II V.p./director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $11,454 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $472 |
| Capital Gain Net Income | $472 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $11,926 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,869 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $61 |
| Total operating and administrative expenses | $4,055 |
| Contributions, gifts, grants paid | $41,200 |
| Total expenses and disbursements | $45,255 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,148 |
| Savings and temporary cash investments | $208,978 |
| 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 | $2,331 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $346,128 |
| 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, Mcdonald Family Foundation Inc has awarded $41,200 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
NOVA SOUTHEASTERN UNIVERSITY PURPOSE: CONTRIBUTIONS TO THE LISTED ORGANIZATIONS WERE MADE TO ENABLE THEM TO PROVIDE CHARITABLE AND EDUCATIONAL ACTIVITIES IN THEIR COMMUNITIES | $6,000 |
BOYS GIRLS CLUBS OF BROWARD COUNTY PURPOSE: SEE ABOVE EXPLANATION | $17,000 |
UNITED WAY OF BROWARD COUNTY PURPOSE: SEE ABOVE EXPLANATION | $10,225 |
SOROPTIMIST INTERNATIONAL OF DAVIE PURPOSE: SEE ABOVE EXPLANATION | $1,500 |
KIDS IN DISTRESS PURPOSE: SEE ABOVE EXPLANATION | $250 |
BROWARD PARTNERSHIP FOR THE HOMELES PURPOSE: SEE ABOVE EXPLANATION | $500 |