Katherine Mabis Mckenna Foundation Inc
- Assets
- $108.0m
- Revenue
- $7.6m
- Investments
- $104.2m
- Employees
- 0
- Location
- Latrobe, PA
- Founding
- 12/1969
- Data as of
- 12/2021
- EIN
- 23-7042752
Organization Overview
Katherine Mabis Mckenna Foundation Inc is located in Latrobe, PA. The organization was established in 1969. 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. Katherine Mabis Mckenna 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 12/2021, Katherine Mabis Mckenna Foundation Inc generated $7.6m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $5.5m during the year ending 12/2021. While expenses have increased by 5.4% per year over the past 4 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.
Since 2020, Katherine Mabis Mckenna Foundation Inc has awarded 186 individual grants totaling $10,997,473. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Mckenna Boxx Chairman | 40 | $153,860 | |
Zan Mckenna Rich Vice Chairman | 30 | $53,259 | |
Nathan M Boxx Treasurer | 0.5 | $0 | |
Bny Mellon Statement 6 Corporate Trustee | 40 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Guyasuta | 12/30/21 | $109,006 |
Bny Mellon | 12/30/21 | $231,046 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,560,593 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,044,921 |
| Capital Gain Net Income | $5,570,643 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $7,605,514 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $207,120 |
| Other employee salaries and wages | $43,197 |
| Pension plans, employee benefits | $74,859 |
| Interest | $0 |
| Taxes | $85,851 |
| Depreciation | $0 |
| Occupancy | $19,710 |
| Travel, conferences, and meetings | $196 |
| Printing and publications | $0 |
| Other expenses | $12,686 |
| Total operating and administrative expenses | $808,227 |
| Contributions, gifts, grants paid | $4,675,323 |
| Total expenses and disbursements | $5,483,550 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,873 |
| Savings and temporary cash investments | $3,807,280 |
| 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 | $104,230,520 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $108,047,673 |
| 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, Katherine Mabis Mckenna Foundation Inc has awarded $4,675,323 in support to 68 organizations.
| Grant Recipient | Amount |
|---|---|
Latrobe, PA PURPOSE: CAPITAL SUPPORT | $1,000,000 |
Greensburg, PA PURPOSE: TO FUND EXTERIOR & INTERIOR RENOVATIONS OF THE PENTHOUSE SUITE AT THE GGCC | $375,000 |
WESTMORELAND CONSERVATION DISTRICT PURPOSE: CAPITAL CAMPAIGN | $300,000 |
Greensburg, PA PURPOSE: SUPPORT FOR THE DOCTOR OF PHYSICAL THERAPY PROGRAM | $300,000 |
Latrobe, PA PURPOSE: PROPERTY ACQUISITION | $250,000 |
Latrobe, PA PURPOSE: SUPPORT FOR THE ALEX AND WILMA MCKENNA SCHOLARSHIP FUND. | $200,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
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 |