Phyllis D & Franklin P Mcdonald Foundation
- Assets
- $0.0
- Revenue
- $18.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Mobile, AL
- Founding
- 00/0000
- Data as of
- 02/2023
- EIN
- 23-7102015
Organization Overview
Phyllis D & Franklin P Mcdonald Foundation is located in Mobile, AL. The organization was established in 0000. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 02/2023, Phyllis D & Franklin P Mcdonald Foundation generated $18.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 24.4% each year . All expenses for the organization totaled $176.4k during the year ending 02/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Regions Bank Trust Department Trustee | 10 | $1,321 | |
Tk Jackson Distribution Committee | 0 | $0 | |
John C Johnson Distribution Committee | 0 | $0 | |
Mitchell Shackleford Distribution Committee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,255 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $17,400 |
| Capital Gain Net Income | $17,400 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $18,655 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,321 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $166 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $167 |
| Total operating and administrative expenses | $6,368 |
| Contributions, gifts, grants paid | $170,057 |
| Total expenses and disbursements | $176,425 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| 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, Phyllis D & Franklin P Mcdonald Foundation has awarded $9,302 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MCGILL-TOOLEN HIGH SCHOOL PURPOSE: SCHOLARSHIPS | $4,651 |
UMS WRIGHT PREPARATORY SCHOOL PURPOSE: SCHOLARSHIPS | $4,651 |