Mcleod Charitable Foundation Inc
- Assets
- $1.6m
- Revenue
- $27.3k
- Investments
- $1.5m
- Employees
- 0
- Location
- Marion, IA
- Founding
- 12/1989
- Data as of
- 12/2022
- EIN
- 42-1329115
Organization Overview
Mcleod Charitable Foundation Inc is located in Marion, IA. The organization was established in 1989. 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. Mcleod Charitable Foundation Inc 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, Mcleod Charitable Foundation Inc generated $27.3k 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 (15.0%) each year. All expenses for the organization totaled $84.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mcleod Charitable Foundation Inc has awarded 64 individual grants totaling $612,750. 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 |
|---|---|---|---|
Clark E Mcleod President | 1 | $0 | |
Mary E Mcleod Treasurer | 1 | $0 | |
Steve Knapp Foundation Mgr. | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6 |
| Dividends & Interest | $26,939 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $330 |
| Capital Gain Net Income | $330 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $27,275 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,375 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $9,512 |
| Contributions, gifts, grants paid | $74,450 |
| Total expenses and disbursements | $83,962 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $93,146 |
| 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 | $1,454,098 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $3,065 |
| Total assets | $1,550,309 |
| 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, Mcleod Charitable Foundation Inc has awarded $27,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
IOWA NATURAL HERITAGE FOUNDATION PURPOSE: GENERAL PURPOSES | $2,000 |
MARION PUBLIC LIBRARY PURPOSE: GENERAL PURPOSES | $5,000 |
MERCY FOUNDATION PURPOSE: GENERAL PURPOSES | $5,000 |
BOYS AND GIRLS CLUB OF CEDAR RAPIDS PURPOSE: GENERAL PURPOSES | $5,000 |
AMERICAN CANCER SOCIETY PURPOSE: GENERAL PURPOSE | $10,000 |