Andrew Mcdonough B Positive Foundation
- Assets
- $5.3m
- Revenue
- $5.6m
- Investments
- $3.3m
- Employees
- 7
- Location
- Wilmington, DE
- Founding
- 02/2008
- Data as of
- 12/2021
- EIN
- 42-1741037
Organization Overview
Andrew Mcdonough B Positive Foundation is located in Wilmington, DE. The organization was established in 2008. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. As of 12/2021, Andrew Mcdonough B Positive Foundation employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Andrew Mcdonough B Positive 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, Andrew Mcdonough B Positive Foundation generated $5.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $5.1m during the year ending 12/2021. While expenses have increased by 14.0% 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, Andrew Mcdonough B Positive Foundation has awarded 178 individual grants totaling $9,561,186. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE ANDREW MCDONOUGH B+ FOUNDATION IS TO FIGHT CHILDHOOD CANCER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FAMILY ASSISTANCE- PROVIDES FINANCIAL ASSISTANCE AND EMOTIONAL SUPPORT TO FAMILIES WITH CHILDREN BATTLING CANCER. THE B+ FOUNDATION IS ONE OF THE LARGEST PROVIDERS OF FINANCIAL ASSISTANCE TO FAMILIES OF KIDS WITH CANCER, HAVING HELPED 2,750 FAMILIES FROM OVER 200 HOSPITALS NATIONWIDE IN 2019.
RESEARCH- PROVIDES FUNDING FOR CUTTING-EDGE PEDIATRIC CANCER RESEARCH STRIVING FOR CURES AND/OR ENHANCED TREATMENT PROTOCOLS.
AWARENESS & ADVOCACY- TO INCREASE SUPPORT AND AWARENESS OF CHILDHOOD CANCER; TO SPREAD THE "B+" MESSAGE AND INSPIRE OTHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Mcdonough President | OfficerTrustee | 60 | $163,146 |
Robin Brinkley Treasurer | OfficerTrustee | 1 | $0 |
Dr Dash Dhanak Director | Trustee | 1 | $0 |
Dr Ali Mcdonough Director | Trustee | 5 | $0 |
Christine Mcdonough Director | Trustee | 5 | $0 |
Nina Teller Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $76,222 |
| All other contributions, gifts, grants, and similar amounts not included above | $673,956 |
| Noncash contributions included in lines 1a–1f | $31,700 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $750,178 |
| Total Program Service Revenue | $0 |
| Investment income | $271,842 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $49,453 |
| Net Income from Fundraising Events | $4,415,248 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $636 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,566,397 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,729,192 |
| Grants and other assistance to domestic individuals. | $2,649,667 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $163,146 |
| Compensation of current officers, directors, key employees. | $32,629 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $270,267 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $24,505 |
| Payroll taxes | $33,157 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,625 |
| Fees for services: Accounting | $7,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,658 |
| Fees for services: Other | $52,648 |
| Advertising and promotion | $0 |
| Office expenses | $14,473 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $49,800 |
| Travel | $7,269 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,434 |
| Insurance | $1,916 |
| All other expenses | $0 |
| Total functional expenses | $5,081,831 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,828,734 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $24,424 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,146 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,326,738 |
| Investments—program-related | $0 |
| Intangible assets | $10,107 |
| Other assets | $62,374 |
| Total assets | $5,256,523 |
| Accounts payable and accrued expenses | $2,070 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,070 |
| Net assets without donor restrictions | $5,147,004 |
| Net assets with donor restrictions | $107,449 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,256,523 |
Grants Awarded
Over the last fiscal year, Andrew Mcdonough B Positive Foundation has awarded $1,723,000 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
ACCELERATE PURPOSE: PEDIATRIC CANCER RESEARCH | $200,000 |
Cleveland, OH PURPOSE: PEDIATRIC CANCER RESEARCH | $150,000 |
SEATTLE CHILDRENS FOUNDATION PURPOSE: PEDIATRIC CANCER RESEARCH | $100,000 |
ONCHOEROES BIOSCIENCES INC PURPOSE: PEDIATRIC CANCER RESEARCH | $100,000 |
SEATTLE CHILDRENS HOSPITAL PURPOSE: PEDIATRIC CANCER RESEARCH | $95,000 |
New York, NY PURPOSE: PEDIATRIC CANCER RESEARCH | $75,000 |
Grants Recieved
Over the last fiscal year, we have identified 53 grants that Andrew Mcdonough B Positive Foundation has recieved totaling $281,884.
| Awarding Organization | Amount |
|---|---|
Incyte Charitable Giving Foundation Wilmington, DE PURPOSE: OPERATING | $75,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $58,299 |
Wawa Foundation Inc Wawa, PA PURPOSE: TO SUPPORT THE FOUNDATION PROGRAM INITIATIVES | $45,000 |
Robin Hood Foundation New York, NY PURPOSE: POVERTY RELIEF | $35,000 |
Jp Morgan Chase Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $18,117 |
Alfred I Dupont Tr 12595005 Jacksonville, FL PURPOSE: OPERATIONS | $11,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Doylestown Health Foundation Doylestown, PA | $88,236,207 | $10,269,180 |
Newcourtland Elder Service Philadelphia, PA | $143,669,356 | $7,770,253 |
Foundation For Morristown Medical Center Inc Morristown, NJ | $194,034,598 | $31,511,180 |
Saint Barnabas Health Care System Foundation Inc Oceanport, NJ | $95,611,955 | $91,087,287 |
Upmc Pinnacle Foundation Harrisburg, PA | $153,865,644 | $10,550,659 |
York Health Foundation York, PA | $12,105,892 | $8,310,377 |
Horizon Foundation Of Howard County Inc Columbia, MD | $95,051,877 | $2,906,262 |
Messiah Lifeways Mechanicsburg, PA | $3,767,505 | $5,505,262 |
Pottstown Area Health & Wellness Foundation Pottstown, PA | $88,468,067 | $7,361,536 |
Andrew Mcdonough B Positive Foundation Wilmington, DE | $5,256,523 | $5,566,397 |
Upper Chesapeake Health Foundation Inc Bel Air, MD | $47,305,445 | $3,872,894 |
Heritage Community Initiatives Braddock, PA | $3,376,185 | $4,220,898 |