Mclean Contributionship
- Assets
- $40.5m
- Revenue
- $5.1m
- Investments
- $40.4m
- Employees
- 0
- Location
- Wayne, PA
- Founding
- 09/1959
- Data as of
- 12/2021
- EIN
- 23-6396940
Organization Overview
Mclean Contributionship is located in Wayne, PA. The organization was established in 1959. 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. Mclean Contributionship 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, Mclean Contributionship generated $5.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $4.0m during the year ending 12/2021. While expenses have increased by 5.5% per year over the past 7 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandra Mclean Trustee/exec Dir/secr/v Chair | 40 | $155,112 | |
John Bales Trustee Chairman | 0 | $0 | |
Diana Mclean Liefer Trustee | 0 | $0 | |
Charles Catherwoood Treasurer | 0 | $0 | |
Wendy W Mclean Trustee | 0 | $0 | |
Otis Bullock Jr Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,184 |
| Interest on Savings | $351,090 |
| Dividends & Interest | $584,460 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,153,532 |
| Capital Gain Net Income | $4,153,532 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $252 |
| Total Revenue | $5,095,518 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $155,112 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $8,387 |
| Interest | $0 |
| Taxes | $60,992 |
| Depreciation | $0 |
| Occupancy | $32,258 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $32,652 |
| Total operating and administrative expenses | $521,492 |
| Contributions, gifts, grants paid | $3,468,152 |
| Total expenses and disbursements | $3,989,644 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $147,430 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $40,514,438 |
| 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 |
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|---|---|---|
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The Abell Foundation Inc Baltimore, MD | $398,354,670 | $42,510,470 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Fred F Silk Charitable Foundation Louisville, OH | $0 | $2,703,630 |