Maurice Gelina & Barbara Mcclees Foundation
- Assets
- $1.0m
- Revenue
- $71.7k
- Investments
- $960.6k
- Employees
- 0
- Location
- Coral Gables, FL
- Founding
- 10/2003
- Data as of
- 12/2021
- EIN
- 75-3103315
Organization Overview
Maurice Gelina & Barbara Mcclees Foundation is located in Coral Gables, FL. The organization was established in 2003. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is the central organization for a national or regional group of organizations. Maurice Gelina & Barbara Mcclees 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, Maurice Gelina & Barbara Mcclees Foundation generated $71.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $102.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Maurice Gelina & Barbara Mcclees Foundation has awarded 74 individual grants totaling $452,000. 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 |
|---|---|---|---|
Fiduciary Trust Co Int'l Trustee | 10 | $26,879 | |
Judith A Gelina Trustee | 10 | $13,399 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $28,301 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $43,380 |
| Capital Gain Net Income | $43,380 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1 |
| Total Revenue | $71,682 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $40,278 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $188 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $41,972 |
| Contributions, gifts, grants paid | $60,000 |
| Total expenses and disbursements | $101,972 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,058 |
| Savings and temporary cash investments | $0 |
| 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 | $1 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,026,666 |
| 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, Maurice Gelina & Barbara Mcclees Foundation has awarded $60,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
RADIO STATION WLRN PURPOSE: ORGANIZATION EXEMPT PURPOSE | $12,000 |
PUBLIC BROADCASTING SERVICE ATTN BRIAN REDDI PURPOSE: GENERAL SUPPORT | $12,000 |
FIRE ISLAND SCHOOL DISTRICT PURPOSE: EDUCATIONAL PURPOSES | $6,000 |
MIAMI SPRINGS ELEMENTARY SCHOOL PURPOSE: EDUCATIONAL PURPOSES | $6,000 |
SUNY FARMINGDALE ATTN HENRY SIKORSKI PHDVP FOR INSTITUTIONAL ADVANCEMENT PURPOSE: GENERAL SUPPORT | $6,000 |
OSWEGO STATE UNIVERSITY OF NY PURPOSE: EDUCATIONAL PURPOSES | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kipp Metro Atlanta Collaborative Inc Atlanta, GA | $93,266,962 | $86,228,529 |
Early Learning Coalition Of Pasco And Hernando Counties Inc Spring Hill, FL | $3,978,920 | $41,918,808 |
University System Of Georgia Foundation Inc Atlanta, GA | $572,651,205 | $27,479,908 |
Atlanta Neighborhood Charter School Inc Atlanta, GA | $8,677,734 | $16,201,042 |
Pinellas County Education Foundation Inc Largo, FL | $46,058,719 | $8,082,359 |
Hephzibah Charter Foundation Inc Hephzibah, GA | $10,181,498 | $8,307,126 |
Foundation Properties Inc Columbus, GA | $108,758,689 | $6,742,153 |
Georgia Student Scholarship Organization Sso Inc Cumming, GA | $4,146,288 | $9,720,252 |
Excelsior Academies Inc Miami, FL | $11,544,923 | $8,167,644 |
Brevard Schools Foundation Inc Viera, FL | $7,221,686 | $4,889,607 |
Imagine - South Broward Inc Sunrise, FL | $1,098,870 | $2,986,588 |
Pure Edge Inc Palm Beach, FL | $739,291 | $2,020,460 |