Mcnally Family Foundation Inc
- Assets
- $6.2m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Deerfield Beach, FL
- Founding
- 12/2018
- Data as of
- 12/2023
- EIN
- 81-4635826
Organization Overview
Mcnally Family Foundation Inc is located in Deerfield Beach, FL. The organization was established in 2018. 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. Mcnally Family Foundation Inc 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, Mcnally Family Foundation Inc generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 29.5% each year . All expenses for the organization totaled $234.2k during the year ending 12/2023. While expenses have increased by 2.1% per year over the past 5 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 2019, Mcnally Family Foundation Inc has awarded 42 individual grants totaling $1,548,500. 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 |
|---|---|---|---|
John J Mcnally Director/president | 0 | $0 | |
Arline M Mcnally Director/vice-President | 0 | $0 | |
Cara Singer Director/secretary | 0 | $0 | |
Jill Mcnally Director/treasurer | 0 | $0 | |
Anne Serig Director | 0 | $0 | |
John Mcnally Jr Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,900,000 |
| Interest on Savings | $142,418 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,042,418 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,500 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $167 |
| Total operating and administrative expenses | $6,667 |
| Contributions, gifts, grants paid | $227,500 |
| Total expenses and disbursements | $234,167 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,178,609 |
| 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 | $6,178,609 |
| 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, Mcnally Family Foundation Inc has awarded $227,500 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN ASSOCIATION OF CAREGIVING YOUTH PURPOSE: SUPPORT FOR YOUTH AND THEIR FAMILIES IN NEED OF RESPITE. | $30,000 |
BOCA HELPING HANDS PURPOSE: PROVIDING FOOD, MEDICAL AND FINANCIAL ASSISTANCE TO MEET BASIC HUMAN NEEDS. | $25,000 |
BOCA RATON REGIONAL HOSPITAL FOUNDATION INC PURPOSE: MEMORY CENTER - MARCUS NEUROSCIENCE INSTITUTE. GO PINK - BREAST CANCER. | $27,500 |
GIVT PURPOSE: SUPPLYING CHILDREN WITH THE HYGIENE ESSENTIALS TO REMOVE BARRIERS, IMPROVE SELF WORTH, AND ULTIMATELY EMPOWER THEM TO SUCCEED IN SCHOOL. | $25,000 |
LOVE SERVING AUTISM PURPOSE: PROVIDES INCLUSIVE THERAPEUTIC RACQUET SPORTS INSTRUCTION FOR NEURODIVERGENT CHILDREN AND ADULTS. | $25,000 |
SWEET DREAM MAKERS INC PURPOSE: PROMOTING THE HEALTH AND WELLNESS OF CHILDREN AND FAMILIES BY PROVIDING BEDS, BEDDING AND ESSENTIAL FURNITURE. | $25,000 |