Be In Mccormack Foundation Inc
- Assets
- $1.3m
- Revenue
- $478.0k
- Investments
- $938.2k
- Employees
- 0
- Location
- Bradenton, FL
- Founding
- Data as of
- 12/2022
- EIN
- 84-3901985
Organization Overview
Be In Mccormack Foundation Inc is located in Bradenton, FL. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Be In Mccormack 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 12/2022, Be In Mccormack Foundation Inc generated $478.0k in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $148.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Helen Mccormack President | 1 | $0 | |
Mary Mccormack Vice President | 1 | $0 | |
Denise Penz Secretary | 1 | $0 | |
Byron Shinn Treasurer | 1 | $0 | |
Drew Peters Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $505,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $14,474 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$41,461 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $478,013 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,806 |
| Total operating and administrative expenses | $14,722 |
| Contributions, gifts, grants paid | $134,000 |
| Total expenses and disbursements | $148,722 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $383,920 |
| Savings and temporary cash investments | $0 |
| 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 | $1,322,094 |
| 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, Be In Mccormack Foundation Inc has awarded $134,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF MASSACHUSETTS PURPOSE: DONATION IN SUPPORT OF LISA MASTERALEXIS ENDOWED PROFESSORSHIP | $34,000 |
HOUSE OF HOPE ORLANDO INC PURPOSE: DONATION FOR PROGRAMS TO GUIDE TEENS IN A POSITIVE, CHRIST CENTERED ATMOSPHERE FOR HEALING AND RESTORATION. | $100,000 |