Mcloughlin Family Foundation
- Assets
- $3.1m
- Revenue
- $188.8k
- Investments
- $2.6m
- Employees
- 0
- Location
- Cassopolis, MI
- Founding
- 08/1997
- Data as of
- 12/2022
- EIN
- 38-3335768
Organization Overview
Mcloughlin Family Foundation is located in Cassopolis, MI. The organization was established in 1997. 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. Mcloughlin 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, Mcloughlin Family Foundation generated $188.8k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $176.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mcloughlin Family Foundation has awarded 115 individual grants totaling $1,118,815. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GREAT START PROGRAM IS THE MCLOUGHLIN FAMILY FOUNDATION'S SIGNATURE EVENT. IT ALLOWS CHILDREN FROM DOWAGIAC AND CASSOPOLIS ELEMENTARY SCHOOLS TO SPEND $200 EACH ON BACK-TO-SCHOOL CLOTHES, SHOES, BACKPACKS AND BOOKS DURING A PRIVATE SHOPPING SPREE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director | 0.25 | $0 | |
Name Not Listed Director | 0.25 | $0 | |
Name Not Listed Director | 0.25 | $0 | |
Name Not Listed Director | 0.25 | $0 | |
Name Not Listed Director | 0.25 | $0 | |
Name Not Listed Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $27,591 |
| Interest on Savings | $0 |
| Dividends & Interest | $80,496 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $80,745 |
| Capital Gain Net Income | $80,745 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $188,832 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,890 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $30,005 |
| Printing and publications | $0 |
| Other expenses | $201 |
| Total operating and administrative expenses | $68,614 |
| Contributions, gifts, grants paid | $107,990 |
| Total expenses and disbursements | $176,604 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $112,680 |
| Savings and temporary cash investments | $397,336 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,136,300 |
| 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, Mcloughlin Family Foundation has awarded $106,990 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
BIRTHRIGHT OF ST JOSEPH'S COUNTY PURPOSE: GENERAL SUPPORT | $5,000 |
CASS COUNTY CASA PURPOSE: GENERAL SUPPORT | $20,000 |
BOYS & GIRLS CLUBS OF BENTON HARBOR PURPOSE: GENERAL SUPPORT | $3,000 |
CASA OF SOUTHWEST MICHIGAN PURPOSE: GENERAL SUPPORT | $2,000 |
CASS COUNTY COUNCIL ON AGING PURPOSE: GENERAL SUPPORT | $5,000 |
CASS COUNTY COUNCIL ON AGING PURPOSE: GENERAL SUPPORT | $10,000 |