The@william M Mcglaughlin Foundation
- Assets
- $2.4m
- Revenue
- $76.6k
- Investments
- $1.8m
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 05/1998
- Data as of
- 12/2023
- EIN
- 31-1578264
Organization Overview
The@william M Mcglaughlin Foundation is located in Cincinnati, OH. The organization was established in 1998. According to its NTEE Classification (T30) the organization is classified as: Public 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. The@william M Mcglaughlin 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, The@william M Mcglaughlin Foundation generated $76.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (6.9%) each year. All expenses for the organization totaled $132.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (7.9%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, The@william M Mcglaughlin Foundation has awarded 234 individual grants totaling $1,023,463. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,933 |
| Dividends & Interest | $44,948 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $29,746 |
| Capital Gain Net Income | $14,932 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$62 |
| Total Revenue | $76,565 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,637 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,057 |
| Total operating and administrative expenses | $30,889 |
| Contributions, gifts, grants paid | $102,000 |
| Total expenses and disbursements | $132,889 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,000 |
| Savings and temporary cash investments | $41,432 |
| 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 | $487,094 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,785,562 |
| Net Land, buildings, and equipment | $33,300 |
| Other assets | $0 |
| Total assets | $2,375,388 |
| 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, The@william M Mcglaughlin Foundation has awarded $102,000 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
ACTON INSTITUTE PURPOSE: GENERAL | $500 |
AT WORK ON PURPOSE PURPOSE: GENERAL OPERATIONS | $12,000 |
BACK TO BACK MINISTRIES PURPOSE: GENERAL CONTRIBUTION | $5,000 |
CENTER FOR CHRISTIAN VIRTUE PURPOSE: GENERAL | $5,000 |
CINCINNATI CHALLENGE RANCH PURPOSE: GENERAL | $11,000 |
BIBLE BROADCASTING NETWORK PURPOSE: GENERAL OPERATIONS | $500 |