Maurice Gelina & Barbara Mcclees Foundation
- Assets
- $1.1m
- Revenue
- $191.4k
- Investments
- $977.1k
- Employees
- 0
- Location
- Coral Gables, FL
- Founding
- 10/2003
- Data as of
- 12/2022
- 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 12/2022, Maurice Gelina & Barbara Mcclees Foundation generated $191.4k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $112.7k during the year ending 12/2022. While expenses have increased by 2.8% per year over the past 8 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, Maurice Gelina & Barbara Mcclees Foundation has awarded 74 individual grants totaling $466,500. 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 | $24,348 | |
Judith A Gelina Trustee | 10 | $12,146 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $30,357 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $161,046 |
| Capital Gain Net Income | $161,046 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6 |
| Total Revenue | $191,409 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $36,494 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $140 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $38,231 |
| Contributions, gifts, grants paid | $74,500 |
| Total expenses and disbursements | $112,731 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,515 |
| Savings and temporary cash investments | $26,500 |
| 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 | $1,104,090 |
| 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 $74,500 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
BAY SHORE UNION FREE SCHOOL PURPOSE: EDUCATIONAL PURPOSES | $2,000 |
FIRE ISLAND SCHOOL DISTRICT PURPOSE: EDUCATIONAL PURPOSES | $7,450 |
HORSE PROTECTION ASSOCIATION OF FLORIDA PURPOSE: GENERAL SUPPORT | $6,900 |
OCALA ROYAL DAMES FOR CANCER PURPOSE: GENERAL SUPPORT | $4,000 |
OSWEGO STATE UNIVERSITY OF NY PURPOSE: EDUCATIONAL PURPOSES | $7,450 |
MIAMI SPRINGS ELEMENTARY SCHOOL PURPOSE: EDUCATIONAL PURPOSES | $7,450 |