The@daniel F And Margaret Macadam Loughry Charitable Foundation
- Assets
- $1.8m
- Revenue
- $186.1k
- Investments
- $1.8m
- Employees
- 0
- Location
- Brockton, MA
- Founding
- 08/1997
- Data as of
- 06/2024
- EIN
- 04-6820141
Organization Overview
The@daniel F And Margaret Macadam Loughry Charitable Foundation is located in Brockton, MA. The organization was established in 1997. 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. The@daniel F And Margaret Macadam Loughry Charitable 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 06/2024, The@daniel F And Margaret Macadam Loughry Charitable Foundation generated $186.1k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 18.1% each year . All expenses for the organization totaled $270.4k during the year ending 06/2024. While expenses have increased by 8.0% per year over the past 8 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.
Since 2015, The@daniel F And Margaret Macadam Loughry Charitable Foundation has awarded 140 individual grants totaling $1,273,000. 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 |
|---|---|---|---|
Alice Campbell Trustee-Treasurer | 1 | $5,000 | |
Daniel Loughry Trustee-President | 0.25 | $2,500 | |
Lois Loughry Trustee | 0.25 | $2,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $55,434 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $130,713 |
| Capital Gain Net Income | $130,713 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $186,147 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $35 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,695 |
| Total operating and administrative expenses | $48,424 |
| Contributions, gifts, grants paid | $222,000 |
| Total expenses and disbursements | $270,424 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,945 |
| 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 | $4,865 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,837,208 |
| 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, The@daniel F And Margaret Macadam Loughry Charitable Foundation has awarded $222,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
AUSTIN PREPARTORY SCHOOL PURPOSE: SCHOLARSHIPS | $13,000 |
CARROLL CENTER FOR THE BLIND PURPOSE: PUBLIC CHARITYSCHOLARSHIPSGENERAL USE | $17,000 |
MA SOC FOR PREVENTION OF CRUELTY TO ANIMALS PURPOSE: GENERAL USE | $13,000 |
MAKE A WISH FOUNDATION OF MASSACHUSETTS PURPOSE: EDUCATION | $13,000 |
JUVENILE DIABETES RESEARCH FOUNDATION PURPOSE: RESEARCH | $15,000 |
MERRIMACK COLLEGE PURPOSE: SCHOLARSHIP | $13,000 |