William H And Ella W Mcmahanfoundation Inc
- Assets
- $416.4k
- Revenue
- $241.9k
- Investments
- $329.9k
- Employees
- 0
- Location
- Nashville, TN
- Founding
- 05/2007
- Data as of
- 12/2023
- EIN
- 20-8721865
Organization Overview
William H And Ella W Mcmahanfoundation Inc is located in Nashville, TN. The organization was established in 2007. 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. William H And Ella W Mcmahanfoundation 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, William H And Ella W Mcmahanfoundation Inc generated $241.9k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 21.1% each year . All expenses for the organization totaled $270.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, William H And Ella W Mcmahanfoundation Inc has awarded 165 individual grants totaling $1,490,960. 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 | $0 |
| Dividends & Interest | $17,241 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $224,628 |
| Capital Gain Net Income | $224,628 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $241,869 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $30,300 |
| Other employee salaries and wages | $36,000 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,072 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $60,079 |
| Total operating and administrative expenses | $142,951 |
| Contributions, gifts, grants paid | $127,350 |
| Total expenses and disbursements | $270,301 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,164 |
| Savings and temporary cash investments | $8,330 |
| 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 | $50,000 |
| Total assets | $416,431 |
| 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 | $1,758 |
| Total liabilities | $1,758 |
Grants Awarded
Over the last fiscal year, William H And Ella W Mcmahanfoundation Inc has awarded $127,350 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
CENTER FOR AMERICAN LIBERTY PURPOSE: GENERAL FUND | $4,000 |
CHRISTIAN HOME AND BIBLE SCHOOL PURPOSE: GENERAL FUND | $6,000 |
CRIEVE HALL CHURCH OF CHRIST PURPOSE: ASSISTANCE TO NEEDY FAMILIES | $49,250 |
FAITH FAMILY MEDICAL CENTER PURPOSE: GENERAL FUND | $5,000 |
FREED-HARDEMAN UNIVERSITY PURPOSE: CONTRIBUTION TO UNIVERSITY - ASSISTANCE TO STUDENTS | $46,500 |
GLOBAL CHRISTIAN RELIEF PURPOSE: GENERAL FUND | $1,000 |