Christopher Johnson Mccandlessmemorial Foundation Inc
- Assets
- $287.0k
- Revenue
- $51.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Virginia Beach, VA
- Founding
- 06/2007
- Data as of
- 12/2023
- EIN
- 20-5772157
Organization Overview
Christopher Johnson Mccandlessmemorial Foundation Inc is located in Virginia Beach, VA. The organization was established in 2007. 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. Christopher Johnson Mccandlessmemorial 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, Christopher Johnson Mccandlessmemorial Foundation Inc generated $51.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $619.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Christopher Johnson Mccandlessmemorial Foundation Inc has awarded 56 individual grants totaling $954,900. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISBURSEMENTS OF CASH TO CHARITABLE ORGANIZATIONS WHOSE FUNCTIONS ALIGN WITH THE FOUNDATIONS EXEMPT PURPOSE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Billie Mccandless President | 0.5 | $0 | |
John Knight Chairman | 0.5 | $0 | |
Lisa Knight Treasurer | 0.5 | $0 | |
Bart Huxtable Secretary | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $421 |
| Interest on Savings | $5,467 |
| Dividends & Interest | $6,694 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1 |
| Capital Gain Net Income | $1 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $38,865 |
| Total Revenue | $51,448 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $54 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $262 |
| Printing and publications | $0 |
| Other expenses | $913 |
| Total operating and administrative expenses | $5,499 |
| Contributions, gifts, grants paid | $613,500 |
| Total expenses and disbursements | $618,999 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $284,812 |
| 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 | $2,184 |
| Other assets | $0 |
| Total assets | $286,996 |
| 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, Christopher Johnson Mccandlessmemorial Foundation Inc has awarded $613,500 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
PRIMAVERA FOUNDATION OF TUCSON PURPOSE: ASSIST IN TRANSITIONAL HOUSING AND A | $10,000 |
GOSPEL RESCUE MISSION PURPOSE: NEEDY MOTHERS WITH CHILDREN | $10,000 |
VIRGINIA BEACH COMM CHAPEL PURPOSE: HELPING TO SUPPLY FUNDS NEEDED | $8,000 |
NORTH RALEIGH MINISTRIES PURPOSE: HELPING TO MEET THE CRITICAL NEEDS O | $150,000 |
CRISIS PREGNANCY CENTER PURPOSE: HELPING THE PREGNANCY PROCESS EASIER | $150,500 |
SHENANDOAH NATIONAL PARK PURPOSE: HELPING TO PROTECT THE PARK | $150,000 |