Mcmahon Foundation
- Assets
- $50.5m
- Revenue
- $5.1m
- Investments
- $49.6m
- Employees
- 0
- Location
- Lawton, OK
- Founding
- 06/1941
- Data as of
- 03/2022
- EIN
- 73-0664314
Organization Overview
Mcmahon Foundation is located in Lawton, OK. The organization was established in 1941. 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. Mcmahon 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 03/2022, Mcmahon Foundation generated $5.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $3.2m during the year ending 03/2022. While expenses have increased by 1.2% per year over the past 7 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, Mcmahon Foundation has awarded 174 individual grants totaling $13,419,964. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE STATEMENT FOR PART XV, LINE 3A
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 |
|---|---|---|---|
Dana Parish Executive Di | 40 | $69,707 | |
Michael Mayhall Chairman | 1 | $0 | |
Todd Bridges DDS Vice Chairma | 1 | $0 | |
Phil Kennedy Secretary/tr | 1 | $0 | |
Kenneth Bridges Trustee | 0.5 | $0 | |
Kenneth Easton Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $493 |
| Dividends & Interest | $3,190,962 |
| Net Rental Income | $9,000 |
| Net Gain on Sale of Assets | $1,677,389 |
| Capital Gain Net Income | $1,677,389 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $262,563 |
| Total Revenue | $5,140,407 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $69,707 |
| Other employee salaries and wages | $43,720 |
| Pension plans, employee benefits | $11,674 |
| Interest | $0 |
| Taxes | $47,735 |
| Depreciation | $7,239 |
| Occupancy | $58,393 |
| Travel, conferences, and meetings | $87 |
| Printing and publications | $0 |
| Other expenses | $31,976 |
| Total operating and administrative expenses | $395,313 |
| Contributions, gifts, grants paid | $2,820,214 |
| Total expenses and disbursements | $3,215,527 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $400 |
| Savings and temporary cash investments | $582,107 |
| 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 | $2,083 |
| Net Investments - land, buildings, equipment | $66,100 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $227,338 |
| Other assets | $6,290 |
| Total assets | $50,458,511 |
| Accounts payable and accrued expenses | $4,513 |
| 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 | $4,513 |
Grants Awarded
Over the last fiscal year, Mcmahon Foundation has awarded $2,820,214 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
LAWTON PUBLIC SCHOOLS FOUNDATION PURPOSE: AGRIG MECHANIC PROG AT LRC | $500,000 |
CAMERON UNIVERSITY PURPOSE: LIBRARY PROJECT | $425,000 |
UNIVERSITY OF OK FOUNDATION PURPOSE: SCHOLARSHIP GRANTS | $317,537 |
LAWTON FAMILY YMCA PURPOSE: SUPPORT OPERATING EXPENSES | $219,000 |
LAWTON HOUSING AUTHORITY PURPOSE: VETERANS RESOURCE CENTER | $171,198 |
MCMAHON AUDITORIUM AUTHORITY PURPOSE: FIRE SUPP SYSTEM & GREEN ROOM | $156,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Penner Family Foundation Bentonville, AR | $146,107,822 | $15,983,833 |
Meridian Institute Dillon, CO | $18,119,345 | $21,383,160 |
Gill Foundation Denver, CO | $227,109,663 | $12,646,667 |
Scharbauer Foundation Inc Midland, TX | $271,051,602 | $69,061,413 |
Wildcat Foundation Fort Worth, TX | $836,895 | $18,132,970 |
A Earl & Frances E Ziegler Foundation Norman, OK | $1,886,858 | $25,634,422 |
Eugene Mcdermott Foundation Dallas, TX | $220,528,387 | $97,884,779 |
Henderson-Wessendorff Foundation Richmond, TX | $228,160,288 | $17,605,762 |
Bayer Fund St Louis, MO | $65,640,119 | $9,167,249 |
Walter E Heller Foundation Dallas, TX | $0 | $637,126 |
Carl & Marilynn Thoma Foundation Dallas, TX | $0 | $929,287 |
Beloved In Christ Foundation Austin, TX | $172,986,617 | $3,113,726 |