Mcleod Family Foundation Inc

Organization Overview

Mcleod Family Foundation Inc is located in Roanoke, VA. The organization was established in 2009. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Mcleod Family 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 12/2020, Mcleod Family Foundation Inc generated $3.4m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 55.8% each year . All expenses for the organization totaled $3.2m during the year ending 12/2020. While expenses have increased by 48.8% per year over the past 3 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, Mcleod Family Foundation Inc has awarded 35 individual grants totaling $100,750. 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.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2020

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ACADEMY IS A PRIVATE SCHOOL FOCUSED ON BREAKING THE CYCLE OF POVERTY THROUGH A MULTIGENERATIONAL APPROACH OF SUPPORTING THE WHOLE FAMILY, IN ADDITION TO PROVIDING A QUALITY EDUCATION TO THE CHILDREN. THE FIRST COHORT AND THE GRADUATING CLASS OF 2031 STARTED IN AUGUST OF 2018. WE BELIEVE THE ACADEMY IS UNIQUE BECAUSE OF ITS FOCUS ON THE FAMILY AND THE RESOURCES PROVIDED TO HELP OVERCOME THE BARRIERS AND BREAK THE CYCLE OF GENERATIONAL POVERTY. THE SCHOOL MODELS A TRADITIONAL ACADEMIC CURRICULUM FOR THE STUDENTS AND SUPPORTS THE FAMILY THROUGH LIFE SKILLS CLASSES ASSESSMENTS, TRAINING, VOCATIONAL OPPORTUNITIES AND JOB AND HOUSING RESOURCES. THE FAMILIES OF THE ACADEMY WILL HAVE RESOURCES MADE AVAILABLE THROUGH MANY COMMUNITY PARTNERSHIPS. WE BELIEVE SUPPORTING THE FAMILY WITH CHILDCARE BENEFITS, A SAFE HOUSING ENVIROMENT, FINANCIAL LITERACY, AND STRONG ACADEMIC EXPERIENCES THEY WILL BE SUCCESSFUL AT SUSTAINING A LIVIABLE WAGE AND LIFESTYLE.


THE MCLEOD FAMILY FOUNDATION OPENED OPERATES TWO NONPROFIT CHILDCARE CENTERS IN ROANOKE, VIRGINIA. WE PROVIDE YOUNG CHILDREN WITH A QUALITY EARLY CHILDHOOD EDCUATION WHILE OFFERING FAMILIES THE SECURITY OF KNOWING THEY ARE RECEIVING EXEPTIONAL CARE. HONEYTREE, LLC SERVES CHILDREN BETWEEN THE AGES OF 6 WEEKS AND 12 YEARS OLD. THE CENTERS PROVIDE CONVENIENT DAILY HOURS FOR WORKING PARENTS. WE TAKE THE SAFETY OF OUR STUDENTS VERY SERIOUSLY. OUR CENTERS FEATURE CODED FRONT DOORS, FINGERPRINT CHECK-IN, CERTIFIED CPR/FIRST AID TEACHERS AND CONTINUOUS EDUCATION IN SAFETY TRAINING. WE ARE INVESTED IN QUALITY PROGRAMMING AND COMMITTED TO EMPLOYING EARLY CHILDHOOD PROFESSINALS WHO WORK TOGETHER TO ENSURE THE HIGHEST STANDARDS IN THE CHILDCARE INDUSTRY.


FINANCIAL EDUCATION PROGRAM: THE FOUNDATION PROVIDES A FINANCIAL EDUCATION PROGRAM DESIGNED TO HELP INDIVIDUALS UNDERSTAND HOW TO MANAGE PERSONAL FINANCES. PERSONAL FINANCE EDUCATION IS KEY TO IMPROVING THE FINANCIAL STABILITY OF OUR COMMUNITY AND HELP THOSE LIVING IN POVERTY ACQUIRE THE SKILLS TO OVERCOME THEIR SITUATION. THE NINE WEEK COURSE IS OFFERED SEVERAL TIMES A YEAR AND IMPACTS OVER 100 FAMILIES PER YEAR.


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Board, Officers & Key Employees

Name (title)Compensation
John G Mcleod
Director
$0
Katherine L Mcleod
Director
$0

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $154,063
Interest on Savings $7,930
Dividends & Interest $6,449
Net Rental Income$534,850
Net Gain on Sale of Assets $783,994
Capital Gain Net Income $783,994
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $547,386
Other Income $0
Total Revenue $3,411,070

Grants Awarded

Over the last fiscal year, Mcleod Family Foundation Inc has awarded $51,000 in support to 13 organizations.

Grant RecipientAmount

FAMILY PROMISE

PURPOSE: CHARITABLE CONTRIBUTION

$30,000

ADVANCEMENT FOUNDATION

Org PageRecipient Profile

Vinton, VA

PURPOSE: CHARITABLE CONTRIBUTION

$10,000

ARCH SERVICES

PURPOSE: CHARITABLE CONTRIBUTION

$6,000

RODNEY PERDUE

PURPOSE: CHARITABLE CONTRIBUTION

$500

JASON HARMON

PURPOSE: CHARITABLE CONTRIBUTION

$500

JESSICA WEST

PURPOSE: CHARITABLE CONTRIBUTION

$500
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 8 grants that Mcleod Family Foundation Inc has recieved totaling $91,000.

Awarding OrganizationAmount
Honeytree Foundation Inc

Roanoke, VA

PURPOSE: CHARITABLE CONTRIBUTION

$20,000
Honeytree Foundation Inc

Roanoke, VA

PURPOSE: CHARITABLE CONTRIBUTION

$20,000
Honeytree Foundation Inc

Roanoke, VA

PURPOSE: CHARITABLE CONTRIBUTION

$20,000
Kaboom Inc

Washington, DC

PURPOSE: PLAYSPACE CONSTRUCTION

$8,000
Kaboom Inc

Washington, DC

PURPOSE: PLAYSPACE CONSTRUCTION

$8,000
Marion Bradley Via Memorial Foundation South Dakota

Sioux Falls, SD

PURPOSE: TO PROVIDE FINANCIAL SUPPORT

$5,000
View Grant Recipient Profile

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