Mary Elizabeth & William Mccann Foundation
- Assets
- $1.1m
- Revenue
- $1.7m
- Investments
- $954.3k
- Employees
- 0
- Location
- Vado, NM
- Founding
- 04/2003
- Data as of
- 12/2023
- EIN
- 81-0537946
Organization Overview
Mary Elizabeth & William Mccann Foundation is located in Vado, NM. The organization was established in 2003. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mary Elizabeth & William Mccann 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, Mary Elizabeth & William Mccann Foundation generated $1.7m in total revenue. All expenses for the organization totaled $1.9m during the year ending 12/2023.
Since 2016, Mary Elizabeth & William Mccann Foundation has awarded 31 individual grants totaling $2,186,933. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHURCH RELATED DONATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rev P William Mccann Trustee | 0 | $0 | |
Sheila Mccann Trustee | 0 | $0 | |
Tara Duffy Trustee | 0 | $0 | |
Steve Taylor Trustee | 0 | $0 | |
Mike Kestner Trustee | 0 | $0 | |
Margaret Roberts Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $11 |
| Dividends & Interest | $23,915 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $15,117 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,647,809 |
| Total Revenue | $1,686,852 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $103 |
| Taxes | $18,500 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,092 |
| Total operating and administrative expenses | $24,085 |
| Contributions, gifts, grants paid | $1,902,000 |
| Total expenses and disbursements | $1,926,085 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,011 |
| Savings and temporary cash investments | $118,047 |
| 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 | $1,073,392 |
| 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, Mary Elizabeth & William Mccann Foundation has awarded $1,902,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
ARCH DIOCESE OF ST PAUL PURPOSE: CATHOLIC CHURCH DONATION | $634,000 |
ST JOHNS SCHOOL OF THEOLOGY PURPOSE: CATHOLIC CHURCH DONATION | $317,000 |
MARY MOTHER OF GOD MISSION PURPOSE: CATHOLIC CHURCH DONATION | $167,000 |
MISSIONARIES OF CHARITY FATHERS PURPOSE: CATHOLIC CHURCH DONATION | $100,000 |
FRANCISCAN FRIARS OF THE PURPOSE: CATHOLIC CHURCH DONATION | $25,000 |
DIOCESE OF LAS CRUCES PURPOSE: CATHOLIC CHURCH DONATION | $192,000 |