Friends Of Mcmaster Incorporated
- Assets
- $3.4m
- Revenue
- $8.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Founding
- 09/1988
- Data as of
- 12/2021
- EIN
- 13-6163055
Organization Overview
Friends Of Mcmaster Incorporated is located in null. The organization was established in 1988. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, 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. Friends Of Mcmaster Incorporated 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 12/2021, Friends Of Mcmaster Incorporated generated $8.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 35.0% each year . All expenses for the organization totaled $8.6m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
DISTRIBUTE MONEY AND OTHER PROPERTY TO SUPPORT EDUCATION AND RESEARCH AT MCMASTER UNIVERSITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO MCMASTER UNIVERSITY TO ASSIST IN ACADEMIC AND RESEARCH PROGRAMS INCLUDING SCHOLARSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lorna Embury Somers Secretary | OfficerTrustee | 0 | $0 |
Mary Williams President | OfficerTrustee | 0 | $0 |
Lou M Mitton Treasurer | OfficerTrustee | 0 | $0 |
Paul Grossman Director | Trustee | 0 | $0 |
Ryan Liddell Director | Trustee | 0 | $0 |
Lauren Cuddy Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,608,370 |
| Noncash contributions included in lines 1a–1f | $7,785 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,608,370 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,608,370 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $8,608,370 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $226 |
| Total functional expenses | $8,608,596 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,404,042 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,300 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,409,342 |
| Accounts payable and accrued expenses | $3,403,550 |
| Grants payable | $0 |
| Deferred revenue | $5,300 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,408,850 |
| Net assets without donor restrictions | $492 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,409,342 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Friends Of Mcmaster Incorporated has recieved totaling $5,923.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,923 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Joseph Rowntree Foundation | $422,657,604 | $8,163,690 |
Jgive-Friends Of Asor Fund Usa Inc | $3,714,986 | $11,909,625 |
Croucher Foundation | $269,521,861 | $18,069,736 |
Friends Of Mcmaster Incorporated | $3,409,342 | $8,608,370 |
Donner Canadian Foundation | $109,552,134 | $11,529,289 |
Jubilo Trust | $16,173,209 | $19,859,267 |
United Way Of Canada Centraide | $6,263,959 | $7,770,840 |
Lily Street Foundation | $36,632,003 | $1,348,328 |
Natasha Foundation | $563,928,700 | $64,687,838 |
Laidlaw Foundation | $52,854,194 | $8,143,738 |
F K Morrow Foundation | $51,955,966 | $5,559,671 |
Figo Charitable Foundation | $0 | $4,234,333 |