Mccullough Family Foundation
- Assets
- $7.7m
- Revenue
- $627.2k
- Investments
- $7.3m
- Employees
- 0
- Location
- Kansas City, MO
- Founding
- 08/2001
- Data as of
- 12/2022
- EIN
- 43-1909746
Organization Overview
Mccullough Family Foundation is located in Kansas City, MO. The organization was established in 2001. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Mccullough 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, Mccullough Family Foundation generated $627.2k 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 (14.1%) each year. All expenses for the organization totaled $781.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.3%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Mccullough Family Foundation has awarded 874 individual grants totaling $8,117,410. 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 |
|---|---|---|---|
Thomas A Mccullough Pres. & Dir. | 4 | $15,000 | |
Sharon E Mccullough Treas., Sec. | 4 | $15,000 | |
Todd A Mccullough Director | 4 | $15,000 | |
Kevin T Mccullough Director | 4 | $15,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $150,000 |
| Interest on Savings | $9,198 |
| Dividends & Interest | $185,158 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $282,520 |
| Capital Gain Net Income | $282,520 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $319 |
| Total Revenue | $627,195 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $60,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $23,828 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $66 |
| Total operating and administrative expenses | $165,589 |
| Contributions, gifts, grants paid | $616,000 |
| Total expenses and disbursements | $781,589 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,349 |
| Savings and temporary cash investments | $384,100 |
| 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 | $520,341 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,715,520 |
| 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, Mccullough Family Foundation has awarded $616,000 in support to 72 organizations.
| Grant Recipient | Amount |
|---|---|
AFRICAN WILDLIFE FDTN PURPOSE: FINCL SUPPORT OF PUBLIC CHARITY | $2,000 |
ALPHA SIGMA NU PURPOSE: FINCL SUPPORT OF EDUCATIONAL ORG. | $1,000 |
AMERICAN DIABETES ASSOC PURPOSE: FINCL SUPPORT OF DIABETES RESEARCH | $1,000 |
AMERICAN STROKE FOUNDATION PURPOSE: FINCL SUPPORT OF PUBLIC CHARITY | $1,500 |
AMERICAN CANCER SOCIETY PURPOSE: FINCL SUPPORT OF PUBLIC CHARITY | $1,000 |
ASPCA PURPOSE: FINCL SUPPORT OF PUBLIC CHARITY | $2,000 |