Mccart Family Foundation Inc
- Assets
- $6.4m
- Revenue
- $183.8k
- Investments
- $6.3m
- Employees
- 0
- Location
- Boca Grande, FL
- Founding
- Data as of
- 06/2024
- EIN
- 85-3975280
Organization Overview
Mccart Family Foundation Inc is located in Boca Grande, FL. 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. Mccart 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 06/2024, Mccart Family Foundation Inc generated $183.8k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $404.2k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Mccart Family Foundation Inc has awarded 39 individual grants totaling $875,153. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shema Mccart President | 1 | $0 | |
Jeffrey Mccart Secretary | 1 | $0 | |
Jordan Mccart Treasurer | 1 | $0 | |
Gabriel Guerra Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,255 |
| Dividends & Interest | $161,362 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $21,143 |
| Capital Gain Net Income | $21,143 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $183,760 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,177 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $136 |
| Total operating and administrative expenses | $68,650 |
| Contributions, gifts, grants paid | $335,500 |
| Total expenses and disbursements | $404,150 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $99,682 |
| 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 | $752,492 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,360,335 |
| 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, Mccart Family Foundation Inc has awarded $335,500 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
BOCA GRANDE HEALTH CLINIC PURPOSE: GENERAL SUPPORT | $25,000 |
FRIENDS OF BOCA GRANDE PURPOSE: GENERAL SUPPORT | $5,000 |
GICIA - GASPARILLA ISLAND CONSERVATION & IMPROVEMENT ASSOCIATION PURPOSE: GENERAL SUPPORT | $10,000 |
HOPE INC PURPOSE: GENERAL SUPPORT | $10,000 |
HUB URBAN MINISTRY PURPOSE: CASH DONATION | $18,000 |
THRIVE COMMUNITY PURPOSE: GENERAL SUPPORT | $10,000 |