M G Oneil Foundation
- Assets
- $13.0m
- Revenue
- $422.6k
- Investments
- $11.7m
- Employees
- 0
- Location
- Akron, OH
- Founding
- 12/1954
- Data as of
- 12/2022
- EIN
- 34-6516968
Organization Overview
M G Oneil Foundation is located in Akron, OH. 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. M G Oneil 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 12/2022, M G Oneil Foundation generated $422.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $1.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, M G Oneil Foundation has awarded 703 individual grants totaling $7,337,000. 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 |
|---|---|---|---|
Mg O'neil Jr President & Director | 0 | $0 | |
Shawn O'neil Vice President & Director | 0 | $0 | |
Dr Nancy O'connor Director | 0 | $0 | |
Sean O'connor Director | 0 | $0 | |
Janette Cook Secretary & Director | 0 | $0 | |
Julie O'neil Treasurer & Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $612,138 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$189,494 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $422,644 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $16,306 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,926 |
| Total operating and administrative expenses | $23,432 |
| Contributions, gifts, grants paid | $1,023,000 |
| Total expenses and disbursements | $1,046,432 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,257,725 |
| Net Accounts receivable | $11,977 |
| 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 | $1,308,998 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $12,956,296 |
| 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, M G Oneil Foundation has awarded $1,023,000 in support to 116 organizations.
| Grant Recipient | Amount |
|---|---|
AKRON ART MUSEUM PURPOSE: GENERAL SUPPORT | $3,000 |
AKRON CHILDREN'S MUSEUM PURPOSE: GENERAL SUPPORT | $5,000 |
AKRON SYMPHONY PURPOSE: GENERAL SUPPORT | $3,000 |
AKRON YMCA PURPOSE: GENERAL SUPPORT | $20,000 |
AKRON ZOO PURPOSE: GENERAL SUPPORT | $5,000 |
ALZHEIMER'S ASSOCIATION PURPOSE: GENERAL SUPPORT | $10,000 |