Mckinnon Family Foundation
- Assets
- $24.2m
- Revenue
- $13.7m
- Investments
- $23.6m
- Employees
- 0
- Location
- New York, NY
- Founding
- 01/2015
- Data as of
- 12/2021
- EIN
- 35-7079265
Organization Overview
Mckinnon Family Foundation is located in New York, NY. The organization was established in 2015. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mckinnon Family 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 12/2021, Mckinnon Family Foundation generated $13.7m in total revenue. All expenses for the organization totaled $4.2m during the year ending 12/2021. While expenses have increased by 80.7% per year over the past 7 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 2015, Mckinnon Family Foundation has awarded 113 individual grants totaling $19,787,832. 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 |
|---|---|---|---|
Daniel I Mckinnonn Trustee | 0 | $0 | |
William Mckinnon Trustee | 0 | $0 | |
Sonnet Mckinnon Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $16,022,709 |
| Interest on Savings | $6,478 |
| Dividends & Interest | $552,205 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,910,139 |
| Capital Gain Net Income | $9,058,462 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $13,671,253 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $19,234 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $103,431 |
| Total operating and administrative expenses | $128,415 |
| Contributions, gifts, grants paid | $4,097,000 |
| Total expenses and disbursements | $4,225,415 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $617,095 |
| Savings and temporary cash investments | $0 |
| 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 | $23,608,662 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $24,225,757 |
| 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, Mckinnon Family Foundation has awarded $4,097,000 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
Albuquerque, NM PURPOSE: ARTS | $1,249,000 |
Albuquerque, NM PURPOSE: EDUCATION | $600,000 |
San Rafael, CA PURPOSE: EDUCATION | $600,000 |
UCSF FOUNATION PURPOSE: MEDICAL | $500,000 |
DUKE UNIVERSITY PURPOSE: MEDICAL, EDUCATION AND SOCIAL SERVICES. | $300,000 |
Santa Fe, NM PURPOSE: DEDICATED TO THE MULTIDISCIPLINARY STUDY OF THE FUNDAMENTAL PRINCIPLES OF COMPLEX ADAPTIVE SYSTEMS, INCLUDING PHYSICAL, COMPUTATIONAL, BIOLOGICAL, AND SOCIAL SYSTEMS | $250,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Social Finance Inc Boston, MA | $95,994,128 | $81,693,226 |
New York Womens Foundation New York, NY | $31,744,630 | $15,820,113 |
Ecumenical Enterprises Inc Dallas, PA | $29,362,494 | $14,819,334 |
Fund For The Aged Inc New York, NY | $109,939,296 | $8,972,478 |
Sdsn Association Inc New York, NY | $10,017,542 | $13,246,367 |
The Foundation For Enhancing Communities Harrisburg, PA | $107,592,484 | $47,434,480 |
Shear Family Foundation Inc Pittsburgh, PA | $193,925,105 | $4,615,784 |
Greater Ridgewood Youth Council Inc Ridgewood, NY | $6,525,051 | $8,713,714 |
Rite Aid Healthy Futures Camp Hill, PA | $33,191,715 | $15,687,011 |
Glasswing International Usa Inc New York, NY | $37,699,055 | $11,179,883 |
The Samberg Family Foundation Katonah, NY | $0 | $4,486,499 |
Single Stop Usa Inc New York, NY | $4,715,111 | $5,987,742 |