Mccarthy Family Foundation
- Assets
- $3.7m
- Revenue
- $133.0k
- Investments
- $3.7m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 03/1959
- Data as of
- 12/2023
- EIN
- 04-6020152
Organization Overview
Mccarthy Family Foundation is located in Dallas, TX. The organization was established in 1959. 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. Mccarthy 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 12/2023, Mccarthy Family Foundation generated $133.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.7%) each year. All expenses for the organization totaled $230.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Mccarthy Family Foundation has awarded 74 individual grants totaling $526,500. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bank Of America Trustee | 1 | $35,409 | |
Claudia Luck Co-Trustee | 1 | $2,950 | |
J David Moran Co-Trustee | 1 | $2,950 | |
Elton Mccausland Co-Trustee | 1 | $2,950 | |
Kevin P Stiles Co-Trustee | 1 | $2,950 | |
Susan T Monaham Co-Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $97,008 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $26,339 |
| Capital Gain Net Income | $26,339 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $9,639 |
| Total Revenue | $132,986 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $47,209 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,473 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,195 |
| Total operating and administrative expenses | $54,127 |
| Contributions, gifts, grants paid | $176,500 |
| Total expenses and disbursements | $230,627 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $77,868 |
| 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 | $3,749,438 |
| 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, Mccarthy Family Foundation has awarded $176,500 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
CAMP FIRE NORTH SHORE INC PURPOSE: UNRESTRICTED GENERAL | $7,500 |
GIRLS INC OF LYNN PURPOSE: UNRESTRICTED GENERAL | $12,500 |
BOYS & GIRLS CLUB OF LYNN PURPOSE: UNRESTRICTED GENERAL | $10,000 |
ACTION INC PURPOSE: UNRESTRICTED GENERAL | $7,500 |
FAMILY & CHILDREN SERVICES - LIFESCIE PURPOSE: UNRESTRICTED GENERAL | $7,500 |
PATHWAYS FOR CHILDREN PURPOSE: UNRESTRCTED GENERAL SUPPORT | $2,500 |