Mcclure Family Foundation For Capital Access
- Assets
- $0.0
- Revenue
- $639.0k
- Investments
- $1.2m
- Employees
- 0
- Location
- Los Altos, CA
- Founding
- Data as of
- 06/2022
- EIN
- 85-4330469
Organization Overview
Mcclure Family Foundation For Capital Access is located in Los Altos, CA. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Mcclure Family Foundation For Capital Access 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 06/2022, Mcclure Family Foundation For Capital Access generated $639.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (31.6%) each year. All expenses for the organization totaled $153.4k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (48.9%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
"THE MCCLURE FOUNDATION FOR CAPITAL ACCESS MADE SEVERAL INVESTMENTS THIS YEAR IN FUNDS OPERATED BY UNDERREPRESENTED FOUNDERS, INCLUDING 14 FUNDS OR COMPANIES MANAGED BY WOMEN, OR BY ETHNIC MINORITIES. THE MCCLURE FAMILY FOUNDATION ALSO MADE A SIGNIFICANT DONATION TO COOLWATER CAPITAL, A STARTUP ACCELERATOR THAT PROMOTES VENTURE CAPITAL ACTIVITY AND INVESTMENT IN EARLY STAGE COMPANIES BY RUNNING EDUCATIONAL PROGRAMS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dave Mcclure Trustee | 10 | $0 | |
Aman Verjee Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $638,925 |
| Interest on Savings | $34 |
| Dividends & Interest | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $638,959 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $1,905 |
| Contributions, gifts, grants paid | $151,500 |
| Total expenses and disbursements | $153,405 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,015 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Mcclure Family Foundation For Capital Access has awarded $151,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
PAINT THE WORLDMATERIAL CHANGE PURPOSE: COMMUNITY CREATIVITY & UNDERSTANDING | $50,000 |
OPER8R LLC PURPOSE: PROVIDING VC TO START UPS | $50,000 |
PLEXO CAPITAL PURPOSE: PROVIDE CAPITAL TO START-UPS | $50,000 |
DAFFY CHARITABLE FUND PURPOSE: CHARITABLE GIVING SERVICES | $1,500 |