The Mcgrae Charitable Foundation
- Assets
- $192.4k
- Revenue
- $70.7k
- Investments
- $166.4k
- Employees
- 0
- Location
- Ann Arbor, MI
- Founding
- Data as of
- 12/2017
- EIN
- 38-3572138
Organization Overview
The Mcgrae Charitable Foundation is located in Ann Arbor, MI.
For the year ending 12/2017, Mcgrae Charitable Foundation generated $70.7k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 54.8% each year . All expenses for the organization totaled $243.0k during the year ending 12/2017. While expenses have increased by 53.3% per year over the past 2 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 | $74 |
| Dividends & Interest | $7,008 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $63,591 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $70,673 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,308 |
| Total operating and administrative expenses | $3,958 |
| Contributions, gifts, grants paid | $239,000 |
| Total expenses and disbursements | $242,958 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,365 |
| Savings and temporary cash investments | $9,603 |
| 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 | $192,379 |
| 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, The Mcgrae Charitable Foundation has awarded $478,000 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
FLINT DOWNTWN OUTRE PURPOSE: COMMUNITY SERVICES | $28,000 |
FIRST PRESBYTERIAN CHURCH PURPOSE: COMMUNITY SERVICE | $79,300 |
GLEANERS FOOD BANK PURPOSE: COMMUNITY SERVICE | $9,000 |
INDIANA UNIVERSITY PURPOSE: EDUCATION | $5,000 |
WATER AND WOODS COUNCIL PURPOSE: COMMUNITY SERVICE | $1,500 |
UNIVERSITY OF MICHIGAN PURPOSE: EDUCATION | $100,000 |