Mcclure Family Foundation For Capital Access
- Assets
- $1.3m
- 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 2 years, the organization has seen revenues fall by an average of (43.5%) 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 (63.5%) per year over the past 2 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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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 |
| 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 | $638,959 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $150 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $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 |
| Savings and temporary cash investments | $96,546 |
| 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 | $1,335,595 |
| 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, Mcclure Family Foundation For Capital Access has awarded $151,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
OPER8R LLC PURPOSE: PROVIDING VC TO START UPS | $50,000 |
PLEXO CAPITAL PURPOSE: PROVIDE CAPITAL TO START-UPS | $50,000 |
PAINT THE WORLDMATERIAL CHANGE PURPOSE: COMMUNITY CREATIVITY & UNDERSTANDING | $50,000 |
DAFFY CHARITABLE FUND PURPOSE: CHARITABLE GIVING SERVICES | $1,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Humanity United San Francisco, CA | $82,516,947 | $35,858,577 |
Public Policy Institute Of California San Francisco, CA | $340,951,909 | $34,836,055 |
Singleton Foundation For Financial Literacy And Entrepreneurship Burbank, CA | $5,023,733 | $12,067,602 |
Draper Richards Kaplan Foundation Menlo Park, CA | $54,158,347 | $29,356,238 |
Oprah Winfrey Leadership Academy Foundation Los Angeles, CA | $17,969,443 | $12,010,898 |
Wadhwani Operating Foundation Los Altos, CA | $0 | $65,339,394 |
Henry T Nicholas Education Foundation Inc Santa Ana, CA | $712,720 | $5,509,546 |
Chinese Character A Day Foundation Huntington Beach, CA | $0 | $31,765 |
Janie And Donald Friend Foundation San Francisco, CA | $0 | $1,186,592 |
Tomkat Ranch Educational Foundation Pescadero, CA | $1,784,473 | $4,660,042 |
Pacific Research Institute For Public Policy Pasadena, CA | $22,104,229 | $7,799,578 |
Ionetix Ppe Foundation San Francisco, CA | $0 | $4,350,988 |