Mel And Grace Mclean Foundation
- Assets
- $37.4m
- Revenue
- $2.6m
- Investments
- $36.5m
- Employees
- 0
- Location
- Fortuna, CA
- Founding
- 03/1998
- Data as of
- 12/2021
- EIN
- 68-0400603
Organization Overview
Mel And Grace Mclean Foundation is located in Fortuna, CA. The organization was established in 1998. 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. Mel And Grace Mclean 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 12/2021, Mel And Grace Mclean Foundation generated $2.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Scott President & CEO | 30 | $106,000 | |
Tiara Brown CFO | 5 | $1,662 | |
Erin Dunn Chairman | 5 | $1,588 | |
Tony Titus At Large | 5 | $716 | |
Chris Broadstock At Large | 5 | $694 | |
Rene Imperiale-Egan Secretary | 5 | $656 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Anderson Lucas Somerville & Borges Cpas | 12/30/20 | $51,074 |
Atlantic Trust | 12/30/20 | $75,286 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $65,411 |
| Interest on Savings | $335,087 |
| Dividends & Interest | $983,020 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,224,611 |
| Capital Gain Net Income | $1,224,611 |
| Net ST Capital Gain | $356,768 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $21,584 |
| Total Revenue | $2,629,713 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $111,442 |
| Other employee salaries and wages | $45,717 |
| Pension plans, employee benefits | $0 |
| Interest | $130,520 |
| Taxes | $17,930 |
| Depreciation | $50,544 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $224,254 |
| Total operating and administrative expenses | $683,492 |
| Contributions, gifts, grants paid | $471,258 |
| Total expenses and disbursements | $1,154,750 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200 |
| Savings and temporary cash investments | $901,565 |
| 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 | $1,775,965 |
| Investments—other | $470,229 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $774 |
| Total assets | $37,369,286 |
| 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 | $3,800,000 |
| Other liabilities | $1,766 |
| Total liabilities | $3,801,766 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Mel And Grace Mclean Foundation has recieved totaling $10,462.
| Awarding Organization | Amount |
|---|---|
Humboldt Health Foundation Bayside, CA PURPOSE: ART AND CREATIVE SENSORY FOR COMMUNITY HEALING AT THE GENE LUCAS COMMUNITY CENTER | $5,231 |
Humboldt Health Foundation Bayside, CA PURPOSE: ART AND CREATIVE SENSORY FOR COMMUNITY HEALING AT THE GENE LUCAS COMMUNITY CENTER | $5,231 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mimi And Peter Haas Fund San Francisco, CA | $0 | $22,825,724 |
William K Bowes Jr Foundation San Francisco, CA | $0 | $15,233,813 |
Collins Foundation Portland, OR | $249,591,840 | $5,256,313 |
Walter And Elise Haas Fund San Francisco, CA | $290,773,419 | $45,613,238 |
Lisa And Douglas Goldman Fund San Francisco, CA | $314,443,125 | $25,968,602 |
Wood-Claeyssens Foundation Santa Barbara, CA | $112,450,224 | $19,490,467 |
The Saban Family Foundation Los Angeles, CA | $4,126,107 | $4,076,196 |
Freeport-Mcmoran Copper & Gold Foundation Phoenix, AZ | $2,326,146 | $18,600,000 |
California Winegrowers Foundation Napa, CA | $3,681,527 | $16,676,626 |
Multi-Union Security Trust Fund Glendale, CA | $14,944,884 | $16,888,135 |
Helen And Wil Webster Foundation Arcadia, CA | $240,695,845 | $9,736,121 |
Dart-L Foundation Los Angeles, CA | $255,386,011 | $40,281,490 |