Mccune Foundation
- Assets
- $38.4m
- Revenue
- $2.4m
- Investments
- $38.0m
- Employees
- 0
- Location
- Ventura, CA
- Founding
- 10/1990
- Data as of
- 06/2023
- EIN
- 77-0242953
Organization Overview
Mccune Foundation is located in Ventura, CA. The organization was established in 1990. 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. Mccune 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 06/2023, Mccune Foundation generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $1.7m during the year ending 06/2023. While expenses have increased by 6.2% 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 2016, Mccune Foundation has awarded 760 individual grants totaling $6,885,093. 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 |
|---|---|---|---|
Claudia Z Armann Executive Director | 40 | $156,400 | |
Sara Miller Mccune President | 4 | $0 | |
Sandra Ball-Rokeach Vice-President | 2 | $0 | |
Vicki Fisher Magasinn Secretary | 2 | $0 | |
Hilda Zacarias Treasurer | 2 | $0 | |
Marcos Vargas Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,500,000 |
| Interest on Savings | $5,791 |
| Dividends & Interest | $966,227 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$40,244 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,431,774 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $156,400 |
| Other employee salaries and wages | $110,292 |
| Pension plans, employee benefits | $41,026 |
| Interest | $0 |
| Taxes | $45,490 |
| Depreciation | $1,080 |
| Occupancy | $23,489 |
| Travel, conferences, and meetings | $16,467 |
| Printing and publications | $5,120 |
| Other expenses | $67,709 |
| Total operating and administrative expenses | $615,418 |
| Contributions, gifts, grants paid | $1,059,185 |
| Total expenses and disbursements | $1,674,603 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,962 |
| Savings and temporary cash investments | $309,873 |
| 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 | $8,771,609 |
| Net Land, buildings, and equipment | $16,469 |
| Other assets | $3,025 |
| Total assets | $38,394,162 |
| 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 | $15,951 |
| Total liabilities | $15,951 |
Grants Awarded
Over the last fiscal year, Mccune Foundation has awarded $1,059,185 in support to 95 organizations.
| Grant Recipient | Amount |
|---|---|
ALLAN HANCOCK COLLEGE FOUNDATION PURPOSE: PROMISE PROGRAM ENDOWMENT | $2,500 |
ANTI-DEFAMATION LEAGUE PURPOSE: GENERAL SUPPORT | $1,000 |
805 UNDOCUFUND PURPOSE: GENERAL SUPPORT | $5,000 |
ALPHA RESOURCE CENTER OF SANTA BARBARA PURPOSE: SLINGSHOT ART STUDIO PROGRAM | $1,000 |
ASSOCIATION OF FUNDRAISING PROFESSIONALS OF SANTA BARBARAVENTURA COUNTIES PURPOSE: NATIONAL PHILANTHROPY DAY | $1,000 |
CALIFORNIA LUTHERAN UNIVERSITY PURPOSE: CENTER FOR NONPROFIT LEADERSHIP | $40,000 |