Mckesson Foundation L-1635
- Assets
- $13.7m
- Revenue
- $945.1k
- Investments
- $13.1m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 10/1960
- Data as of
- 12/2023
- EIN
- 34-6518820
Organization Overview
Mckesson Foundation L-1635 is located in Pittsburgh, PA. The organization was established in 1960. According to its NTEE Classification (H99) the organization is classified as: Medical Research N.E.C., under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mckesson Foundation L-1635 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, Mckesson Foundation L-1635 generated $945.1k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $831.2k during the year ending 12/2023. While expenses have increased by 2.5% per year over the past 9 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $396,889 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $539,701 |
| Capital Gain Net Income | $539,701 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $8,550 |
| Total Revenue | $945,140 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $105,350 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $16,407 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12,327 |
| Total operating and administrative expenses | $134,084 |
| Contributions, gifts, grants paid | $697,069 |
| Total expenses and disbursements | $831,153 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $520,941 |
| 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 | $11,726,798 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $13,664,432 |
| 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 |