The Mccloy Foundation
- Assets
- $756.9k
- Revenue
- $34.3k
- Investments
- $750.1k
- Employees
- 0
- Location
- Gardendale, AL
- Founding
- 07/2019
- Data as of
- 11/2022
- EIN
- 81-4729827
Organization Overview
The Mccloy Foundation is located in Gardendale, AL. The organization was established in 2019. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mccloy 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 11/2022, Mccloy Foundation generated $34.3k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $75.9k during the year ending 11/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Mccloy Foundation has awarded 33 individual grants totaling $279,031. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MCCLOY FOUNDATION IS PURSING IT'S CHARITABLE PURPOSE OF FACILITATING UPWARD SOCIAL MOBILITY AMONG THE LESS FORTUNATE AND UNDEREDUCATED TO REDUCE POVERTY AND TO COMBAT SOCIAL INJUSTICE TO ENRICH THE LIVES OF PEOPLE LIVING IN POVERTY STRICKEN AREAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Mccloy Director | 1 | $0 | |
Jamie Mccloy Director | 1 | $0 | |
Jacob Yamane Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,000 |
| Interest on Savings | $89 |
| Dividends & Interest | $20,909 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,117 |
| Capital Gain Net Income | $9,117 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $174 |
| Total Revenue | $34,289 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $106 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $573 |
| Total operating and administrative expenses | $14,881 |
| Contributions, gifts, grants paid | $61,000 |
| Total expenses and disbursements | $75,881 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$49,433 |
| Savings and temporary cash investments | $56,190 |
| 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 | $750,130 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $756,887 |
| 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, The Mccloy Foundation has awarded $61,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
JEFFERSON COUNTY BOARD OF EDUCATION PURPOSE: GENERAL PURPOSE | $30,000 |
Gardendale, AL PURPOSE: GENERAL PURPOSE | $10,000 |
YOUTH FORCE MINISTRIES CHURCH INTERNATIONAL PURPOSE: GENERAL PURPOSE | $7,000 |
NEXT LEVEL SPORTS CAMPS PURPOSE: GENERAL PURPOSE | $5,000 |
Athol, ID PURPOSE: GENERAL PURPOSE | $5,000 |
A21 USA INC PURPOSE: GENERAL PURPOSE | $4,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Parkway Village Inc Little Rock, AR | $46,357,587 | $10,218,970 |
Wnc Bridge Foundation Asheville, NC | $146,559,840 | $12,380,465 |
Healing Place Inc Louisville, KY | $37,666,074 | $13,853,449 |
Douglass Community Services Inc Hannibal, MO | $3,361,431 | $10,312,306 |
Legal Services Of Greater Miami Inc Miami, FL | $17,473,917 | $11,143,793 |
Cox Health Systems Hmo Inc Springfield, MO | $37,618,692 | $12,571,299 |
New Orleans Jazz & Heritage Foundation Inc New Orleans, LA | $55,852,647 | $11,473,899 |
Independent Living Services Inc Conway, AR | $17,341,970 | $13,877,516 |
St Margarets New Orleans, LA | $35,749,079 | $9,811,309 |
Bell-Whitley Community Action Agency Inc Pineville, KY | $7,463,214 | $9,666,646 |
Family Service Of The Piedmont Inc Jamestown, NC | $2,937,225 | $9,785,018 |
Genesis Innovation Academy Inc Atlanta, GA | $15,607,375 | $11,246,482 |