Mccloughan Family Foundation
- Assets
- $147.5k
- Revenue
- $150.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Grand Marais, MN
- Founding
- Data as of
- 12/2022
- EIN
- 87-4254846
Organization Overview
Mccloughan Family Foundation is located in Grand Marais, MN. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mccloughan 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT THE FOLLOWING BROAD RANGE OF CHARITABLE INTERESTS, INCLUDING BUT NOT LIMITED TO: 1.) RELIEVING THE POOR, THE DISTRESSED, OR THE UNDERPRIVILEGED; 2.) ADDRESSING PRESSING SOCIAL ISSUES WITH AN EYE TOWARDS ELIMINATING PREJUDICE AND DISCRIMINATION; 3.) DEFENDING THE FUNDAMENTAL RIGHT TO A HEALTHY WORLD BY SUPPORTING ENVIRONMENTAL CAUSES, INCLUDING COMBATTING CLIMATE CHANGE; 4.) ADVANCING EFFORTS TO CURB FIREARMS VIOLENCE; 5.) ENCOURAGING EQUALITY OF OPPORTUNITY THROUGH EDUCATION; 6.) PROMOTING HUMANITY'S EXTRAORDINARY CULTURAL ACHIEVEMENTS; AND 7.) SUPPORTING BIOMEDICAL RESEARCH AND INNOVATIONS THAT ENHANCE PEOPLE'S LIVES THROUGH SCIENCE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kaitlin Mccloughan President & Director | 2 | $0 | |
Susan Mccloughan Secretary & Director | 1 | $0 | |
Robert Mccloughan Treasurer & Director | 1 | $0 | |
Quinn Mccloughan Director | 1 | $0 | |
Kathleen Vernon Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $150,000 |
| 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 | $150,000 |
| 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 | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $7,500 |
| Total expenses and disbursements | $7,500 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,500 |
| Savings and temporary cash investments | $143,040 |
| 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 | $147,540 |
| 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, Mccloughan Family Foundation has awarded $7,500 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
SOUTHERN POVERTY LAW CENTER PURPOSE: GENERAL PURPOSES | $1,000 |
PLANNED PARENTHOOD FOUNDATION PURPOSE: GENERAL PURPOSES | $1,000 |
ONE SPIRIT PURPOSE: GENERAL PURPOSES | $1,000 |
SANDY HOOK PROMISE PURPOSE: GENERAL PURPOSES | $1,000 |
NATURE CONCERVANCY PURPOSE: GENERAL PURPOSES | $1,000 |
FRIENDS OF THE MISSISSIPPI RIVER PURPOSE: GENERAL PURPOSES | $500 |