Mckelvey Family Foundation
- Assets
- $5.5m
- Revenue
- $5.5m
- Investments
- $3.1m
- Employees
- 0
- Location
- Southlake, TX
- Founding
- Data as of
- 12/2022
- EIN
- 86-1521376
Organization Overview
Mckelvey Family Foundation is located in Southlake, TX. 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. Mckelvey Family 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 12/2022, Mckelvey Family Foundation generated $5.5m in total revenue. All expenses for the organization totaled $211.8k during the year ending 12/2022. While expenses have increased by 31.1% per year over the past 2 years. They've been increasing with an increasing level of total revenue. 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 |
|---|---|---|---|
Thomas R Mckelvey President, Director | 0 | $0 | |
Lisa Coleman Mckelvey Secretary, Treasurer, Direcotr | 0 | $0 | |
Allie Ruth Mckelvey Director | 0 | $0 | |
Kaylon Alyse Mckelvey Director | 0 | $0 | |
Quincy Nicole Mckelvey Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,536,590 |
| Interest on Savings | $0 |
| 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 | $5,536,590 |
| 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 | $147,620 |
| Total operating and administrative expenses | $158,833 |
| Contributions, gifts, grants paid | $53,000 |
| Total expenses and disbursements | $211,833 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,377,528 |
| 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 | $3,073,956 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,451,484 |
| 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, Mckelvey Family Foundation has awarded $53,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
DOCTORS WITHOUT BORDERS PURPOSE: SUPPORT THE MISSION | $1,000 |
ST JUDE CHILDREN'S RESEARCH HOSPITAL PURPOSE: SUPPORT THE WORK OF THE ST JUDE HOSPITAL | $2,000 |
NATIONAL NETWORK OF ABORTION FUNDS PURPOSE: SUPPORT THE NATIONAL NETWORK | $2,000 |
FEEDING AMERICA PURPOSE: SUPPORT THE MISSION | $8,000 |
ARK OF THE RAINBOW PURPOSE: SUPPORT THE MISSION | $25,000 |
CHRISTMAS WISH PROJECT PURPOSE: SUPPORT THE MISSION | $5,000 |