Mclaughlin Family Foundation Inc
- Assets
- $72.2k
- Revenue
- $292.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lynn Haven, FL
- Founding
- 09/2005
- Data as of
- 12/2023
- EIN
- 20-1684047
Organization Overview
Mclaughlin Family Foundation Inc is located in Lynn Haven, FL. The organization was established in 2005. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Mclaughlin Family Foundation Inc 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, Mclaughlin Family Foundation Inc generated $292.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (48.1%) each year. All expenses for the organization totaled $141.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Mclaughlin Family Foundation Inc has awarded 287 individual grants totaling $1,785,765. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $292 |
| 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 | $292 |
| 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 | $488 |
| Total operating and administrative expenses | $1,838 |
| Contributions, gifts, grants paid | $139,260 |
| Total expenses and disbursements | $141,098 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,698 |
| Savings and temporary cash investments | $31,415 |
| Net Accounts receivable | $3,100 |
| 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 | $72,213 |
| 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, Mclaughlin Family Foundation Inc has awarded $139,260 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
BUFORD GROVE BAPTIST CHURCH PURPOSE: CHARITABLE | $12,000 |
CHOOSE TO INVEST INC PURPOSE: CHARITABLE | $12,000 |
EZRA INTERNATIONAL PURPOSE: CHARITABLE | $6,000 |
GLOBAL HOPE MINISTRIES PURPOSE: CHARITABLE | $24,000 |
HOPE OF THE WORLD PURPOSE: CHARITABLE | $1,200 |
INDIAN MINISTRIES OF NORTH AMERICA PURPOSE: CHARITABLE | $12,000 |