Mcfeely-Rogers Foundation
- Assets
- $24.3m
- Revenue
- $9.8m
- Investments
- $23.3m
- Employees
- 0
- Location
- Latrobe, PA
- Founding
- 06/1954
- Data as of
- 12/2023
- EIN
- 25-1120947
Organization Overview
Mcfeely-Rogers Foundation is located in Latrobe, PA. The organization was established in 1954. 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. Mcfeely-Rogers Foundation 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, Mcfeely-Rogers Foundation generated $9.8m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 58.5% each year . All expenses for the organization totaled $1.7m during the year ending 12/2023. While expenses have increased by 4.1% per year over the past 5 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James R Okonak Trustee,exdi | 35 | $181,704 | |
Richard C Okonak Trustee,vp&s | 35 | $101,544 | |
Annette M Couch Treasurer | 35 | $66,324 | |
Daniel G Crozier Jr Trustee | 1 | $0 | |
James Brooks Crozier Trustee | 1 | $0 | |
John F Rogers Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $8,639,014 |
| Interest on Savings | $62,974 |
| Dividends & Interest | $414,961 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $507,183 |
| Capital Gain Net Income | $507,183 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $198,913 |
| Total Revenue | $9,823,045 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $349,572 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $148,385 |
| Interest | $0 |
| Taxes | $2,876 |
| Depreciation | $0 |
| Occupancy | $39,000 |
| Travel, conferences, and meetings | $20,957 |
| Printing and publications | $0 |
| Other expenses | $200,033 |
| Total operating and administrative expenses | $786,186 |
| Contributions, gifts, grants paid | $933,700 |
| Total expenses and disbursements | $1,719,886 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $474,570 |
| Savings and temporary cash investments | $535,048 |
| 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 | $35,000 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $18,109,852 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $10,571 |
| Total assets | $24,331,229 |
| 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 |