Mcdougal Family Foundation
- Assets
- $45.0m
- Revenue
- $3.1m
- Investments
- $44.3m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 06/1994
- Data as of
- 12/2022
- EIN
- 36-3943431
Organization Overview
Mcdougal Family Foundation is located in Chicago, IL. The organization was established in 1994. 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. Mcdougal 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 12/2022, Mcdougal Family Foundation generated $3.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (25.4%) each year. All expenses for the organization totaled $3.6m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas F Mcdougal President | 8 | $0 | |
Stephen G Mcdougal Vice President | 1 | $0 | |
Sarah Duncan Treasurer | 1 | $0 | |
Jan Mcdougal Trustee | 1 | $0 | |
Marcia Festen Director | 8 | $123,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Alm Corporation | 12/30/15 | $229,110 |
Northside Capital Mgmt | 12/30/15 | $108,089 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $640,553 |
| Interest on Savings | $310,119 |
| Dividends & Interest | $1,603,781 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $608,947 |
| Capital Gain Net Income | $608,947 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$59,754 |
| Total Revenue | $3,103,646 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $36,100 |
| Pension plans, employee benefits | $8,014 |
| Interest | $0 |
| Taxes | $15,997 |
| Depreciation | $165 |
| Occupancy | $27,549 |
| Travel, conferences, and meetings | $403 |
| Printing and publications | $0 |
| Other expenses | $19,270 |
| Total operating and administrative expenses | $606,701 |
| Contributions, gifts, grants paid | $3,000,000 |
| Total expenses and disbursements | $3,606,701 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $690,026 |
| 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 | $14,053,055 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $35,094 |
| Total assets | $45,031,036 |
| Accounts payable and accrued expenses | $1,776 |
| 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 | $1,393,976 |
| Total liabilities | $1,395,752 |
Grants Awarded
Over the last fiscal year, Mcdougal Family Foundation has awarded $572,175 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
ALBANY PARK NEIGHBORHOOD COUNCIL PURPOSE: GENERAL | $75,000 |
COMMUNITY FOUNDNAT'L CAPITAL REGION PURPOSE: GENERAL | $2,000 |
BRIGHTON PARK NEIGHBROHOOD COUNCIL PURPOSE: GENERAL | $75,000 |
COUNCIL ON FOUNDATIONS PURPOSE: GENERAL | $1,210 |
DONOR'S FORUM PURPOSE: GENERAL | $5,409 |
COMMUNITY RENEWAL SOCIETY PURPOSE: GENERAL | $20,000 |