Thomas R & Elizabeth E Mclean Foundation Inc
- Assets
- $21.9m
- Revenue
- $1.8m
- Investments
- $20.9m
- Employees
- 0
- Location
- Fayetteville, NC
- Founding
- 08/1996
- Data as of
- 12/2023
- EIN
- 31-1470721
Organization Overview
Thomas R & Elizabeth E Mclean Foundation Inc is located in Fayetteville, NC. The organization was established in 1996. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Thomas R & Elizabeth E Mclean 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 12/2023, Thomas R & Elizabeth E Mclean Foundation Inc generated $1.8m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.0% each year. All expenses for the organization totaled $1.7m during the year ending 12/2023. While expenses have increased by 0.2% 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.
Since 2020, Thomas R & Elizabeth E Mclean Foundation Inc has awarded 86 individual grants totaling $4,770,440. 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 |
|---|---|---|---|
Angela Ashworth Vice-President / Secretary | 25 | $79,800 | |
Paul Elam Vice-President / Treasurer | 5 | $60,746 | |
Jennifer Elam President | 25 | $80,746 | |
Claire Shaw Vice-President | 20 | $60,745 | |
Faison Covington Vice-President / Asst Secr | 5 | $60,745 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $31,252 |
| Dividends & Interest | $450,519 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $795,901 |
| Capital Gain Net Income | $795,901 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $566,483 |
| Total Revenue | $1,844,155 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $388,482 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $125,507 |
| Depreciation | $0 |
| Occupancy | $21,693 |
| Travel, conferences, and meetings | $1,125 |
| Printing and publications | $0 |
| Other expenses | $63,340 |
| Total operating and administrative expenses | $615,350 |
| Contributions, gifts, grants paid | $1,054,151 |
| Total expenses and disbursements | $1,669,501 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $158,270 |
| Savings and temporary cash investments | $261,182 |
| 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 | $23,654 |
| Net Land, buildings, and equipment | $10,098 |
| Other assets | $529,487 |
| Total assets | $21,851,702 |
| Accounts payable and accrued expenses | $1,865 |
| 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 | $1,865 |
Grants Awarded
Over the last fiscal year, Thomas R & Elizabeth E Mclean Foundation Inc has awarded $1,054,151 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
AIRBORNE & SPECIAL OPS MUSEUM FOUNDATION PURPOSE: HONOR AMERICA'S HEROES CAMPAIGN | $250,000 |
AMERICAN RED CROSS - SANDHILLS CHAPTER PURPOSE: BLOOD SAVING LIVES: FIGHTING CANCER | $15,000 |
BETTER HEALTH OF CUMBERLAND COUNTY PURPOSE: CHILDHOOD OBESITY & DIABETES MGMT PROGRAMS | $20,000 |
BOYS & GIRLS HOME NC PURPOSE: CUMBERLAND COUNTY EMERGENCY PLACEMENT SUPPORT | $4,000 |
CAPE FEAR REGIONAL THEATRE PURPOSE: RENOVATIONS | $100,000 |
CAPE FEAR BOTANICAL GARDEN PURPOSE: COMPREHENSIVE CAMPAIGN | $20,000 |