Mcmahan Family Charitable Foundation
- Assets
- $852.1k
- Revenue
- $25.7k
- Investments
- $804.7k
- Employees
- 0
- Location
- Hattiesburg, MS
- Founding
- 10/2003
- Data as of
- 12/2023
- 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 12/2023, Mcmahan Family Charitable Foundation generated $25.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (12.3%) each year. All expenses for the organization totaled $90.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mcmahan Family Charitable Foundation has awarded 64 individual grants totaling $615,099. 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.
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 |
|---|---|---|---|
Lynn B Mcmahan President | 0 | $0 | |
Brian Mcmahan Trustee | 0 | $0 | |
Katherine Mcmahan Walker Trustee | 0 | $0 | |
Shawn B Mcmahan Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $115 |
| Dividends & Interest | $30,126 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$4,545 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $67 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $25,696 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,952 |
| Total operating and administrative expenses | $9,352 |
| Contributions, gifts, grants paid | $81,450 |
| Total expenses and disbursements | $90,802 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $47,398 |
| 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 | $3 |
| Total assets | $852,106 |
| 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 $81,450 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
GO RED HEART FUNDAMERICAN HEART ASS PURPOSE: GENERAL CHARITABLE PURPOSE | $65,000 |
AMERICAN RED CROSS HATTIESBURG PURPOSE: GENERAL CHARITABLE PURPOSE | $15,000 |
PINEBELT COMMUNITY FOUNDATION PURPOSE: GENERAL CHARITABLE PURPOSES | $1,200 |
LAUREN ROGERS MUSEM OF ART PURPOSE: GENERAL CHARITABLE PURPOSES | $250 |