Mcgee Foundation Inc
- Assets
- $40.7m
- Revenue
- $4.3m
- Investments
- $37.0m
- Employees
- 0
- Location
- Oklahoma City, OK
- Founding
- 02/1964
- Data as of
- 06/2023
- EIN
- 73-6099203
Organization Overview
Mcgee Foundation Inc is located in Oklahoma City, OK. The organization was established in 1964. 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. Mcgee 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 06/2023, Mcgee Foundation Inc generated $4.3m in total revenue. All expenses for the organization totaled $1.3m during the year ending 06/2023. While expenses have increased by 38.8% per year over the past 3 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 2021, Mcgee Foundation Inc has awarded 62 individual grants totaling $2,503,000. 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 |
|---|---|---|---|
Marcia Mcgee Bieber President/director | 0.5 | $0 | |
Paula Love Director | 0.5 | $0 | |
Ramsey Bieber Vice President /director | 0.5 | $0 | |
Kimberly Bieber Director | 0.15 | $0 | |
Darcy Bieber Secretary/director | 0.15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,556,806 |
| Interest on Savings | $417 |
| Dividends & Interest | $1,611,919 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$846,087 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,323,055 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,728 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $230,339 |
| Contributions, gifts, grants paid | $1,042,000 |
| Total expenses and disbursements | $1,272,339 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $414,325 |
| Savings and temporary cash investments | $3,242,276 |
| 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 | $5,754,289 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $40,661,562 |
| 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, Mcgee Foundation Inc has awarded $1,042,000 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
HARN HOMESTEAD PURPOSE: NON-PROFIT HISTORICAL ASSOCIATION AND EDUCATIONAL FACILITY | $10,000 |
LYRIC THEATRE PURPOSE: NON-PROFIT COMMUNITY THEATER | $25,000 |
MYRIAD GARDENS FOUNDATION PURPOSE: NON-PROFIT PUBLIC GARDEN AND CONSERVATORY | $10,000 |
NATIONAL MUSEUM OF WILDLIFE ART PURPOSE: NON-PROFIT ART MUSEUM | $25,000 |
OKLAHOMA COUNTY CASA PURPOSE: TRAINS VOLUNTEERS ADVOCATES FOR CHILDREN INVOLVED IN JUVENILE COURT | $10,000 |
PEPPERS RANCH PURPOSE: NON-PROFIT HOME FOR FOSTER CHILDREN AND CAREGIVER PARENTS | $25,000 |