Mcmahan Family Charitable Foundation
- Assets
- $977.9k
- Revenue
- $122.8k
- Investments
- $937.8k
- Employees
- 0
- Location
- Hattiesburg, MS
- Founding
- 10/2003
- Data as of
- 12/2021
- EIN
- 75-3022425
Organization Overview
Mcmahan Family Charitable Foundation is located in Hattiesburg, MS. The organization was established in 2003. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Mcmahan Family Charitable 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, Mcmahan Family Charitable Foundation generated $122.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $77.3k during the year ending 12/2021. While expenses have increased by 3.4% 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 2015, Mcmahan Family Charitable Foundation has awarded 54 individual grants totaling $464,299. 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 |
|---|---|---|---|
Brian Mcmahan Trustee | 0 | $0 | |
Lynn B Mcmahan President | 0 | $0 | |
Shawn B Mcmahan Trustee | 0 | $0 | |
Katherine Mcmahan Walker Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $218 |
| Dividends & Interest | $69,372 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $53,226 |
| Capital Gain Net Income | $53,226 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $122,816 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,542 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,230 |
| Total operating and administrative expenses | $13,147 |
| Contributions, gifts, grants paid | $64,200 |
| Total expenses and disbursements | $77,347 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,458 |
| Savings and temporary cash investments | $13,614 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $977,912 |
| 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, Mcmahan Family Charitable Foundation has awarded $64,200 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
HATTIESBURG PUBLIC SCHOOL DISTRICT PURPOSE: GENERAL CHARITABLE PURPOSES | $50,000 |
PINE BURR AREA COUNCIL BOY SCOUTS PURPOSE: GENERAL CHARITABLE PURPOSE | $10,000 |
UNIVERSITY OF SOUTHERN MS FDN PURPOSE: GENERAL CHARITABLE PURPOSES | $2,000 |
Hattiesburg, MS PURPOSE: GENERAL CHARITABLE PURPOSES | $1,100 |
KAPPA ALPHA FOUNDATION PURPOSE: GENERAL CHARITABLE PURPOSES | $1,000 |
Hattiesburg, MS PURPOSE: GENERAL CHARITABLE PURPOSE | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Charlie & Moll Anderson Foundation Florence, AL | $11,730,320 | $5,057,663 |
Ryan Seacrest Foundation Inc Nashville, TN | $3,425,356 | $1,294,381 |
Artists For Community Transformation Intl Inc Brentwood, TN | $307,268 | $1,217,658 |
Haver Foundation C/O Pendleton Square Trust Company Llc Nashville, TN | $17,913,920 | $3,254,169 |
George H Dunklin Jr Charitable Foundation Stuttgart, AR | $15,909,080 | $2,491,199 |
Long Lewis Foundation Inc Muscle Shoals, AL | $2,644,096 | $1,561,438 |
Hope Usa Little Rock, AR | $197,669 | $600,135 |
Deborah Dunklin Tipton Charitable Foundation Germantown, TN | $0 | $508,469 |
Ace Awareness Foundation Memphis, TN | $0 | $87,828 |
Maria & Bernard A Pargh Family Foundation Tr Nashville, TN | $3,605,422 | $796,118 |
Straight Street International Sweetwater, TN | $142,268 | $345,893 |
Louisiana Crawfish Fest Foundation Chalmette, LA | $426,437 | $438,791 |