Mcinnis Family Foundation
- Assets
- $1.1m
- Revenue
- $19.9k
- Investments
- $1.1m
- Employees
- 0
- Location
- High Point, NC
- Founding
- 04/2017
- Data as of
- 12/2022
- EIN
- 81-4471831
Organization Overview
Mcinnis Family Foundation is located in High Point, NC. The organization was established in 2017. 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. Mcinnis Family 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, Mcinnis Family Foundation generated $19.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (47.4%) each year. All expenses for the organization totaled $97.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Mcinnis Family Foundation has awarded 44 individual grants totaling $303,500. 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 |
|---|---|---|---|
Matthew W Mcinnis President | 0 | $0 | |
Mollie M Hobbs Treasurer | 0 | $0 | |
Lauren M Scheb Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $25,949 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$6,080 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $19,869 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $647 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,332 |
| Total operating and administrative expenses | $11,719 |
| Contributions, gifts, grants paid | $85,600 |
| Total expenses and disbursements | $97,319 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $30,919 |
| 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 | $1,117,219 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,148,138 |
| 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, Mcinnis Family Foundation has awarded $85,600 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
BIG BROTHERS BIG SISTERS OF THE CENTRAL PIEDMONT PURPOSE: PROGRAM SUPPORT | $15,000 |
BOYS & GIRLS CLUB OF GREATER HIGH POINT PURPOSE: PROGRAM SUPPORT | $50,000 |
FAMILY SERVICE OF HIGH POINT FOUNDATION PURPOSE: PROGRAM SUPPORT | $1,000 |
ENDURING GRATITUDE PURPOSE: PROGRAM SUPPORT | $350 |
GREENSBORO SCIENCE CENTER PURPOSE: PROGRAM SUPPORT | $500 |
HIGH POINT CHAMBER FOUNDATION PURPOSE: PROGRAM SUPPORT | $4,000 |