Mcgee Foundation
- Assets
- $10.6m
- Revenue
- $475.7k
- Investments
- $10.5m
- Employees
- 0
- Location
- Mission, KS
- Founding
- 06/1953
- Data as of
- 12/2023
- EIN
- 44-6006285
Organization Overview
Mcgee Foundation is located in Mission, KS. The organization was established in 1953. 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. Mcgee 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 12/2023, Mcgee Foundation generated $475.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (7.1%) each year. All expenses for the organization totaled $893.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Mcgee Foundation has awarded 116 individual grants totaling $3,132,597. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUMMARY OF DIRECT CHARITABLE ACTIVITIES TOTAL GRANTS PAID DURING THE YEAR EQUALED $800,350 AND WENT TO MANY DIFFERENT ORGANIZATIONS. TOTAL EXPENSES RELATED TO GRANTS AND PROGRAM RELATED INVESTMENTS TOTALED $37,389.79 THIS AMOUNT INCLUDES $10,986.23 IN PROFESSIONAL FEES, $26,596.60 IN CONTRACT ADMINISTRATION FEES, AND $106.96 IN MISCELLANEOUS EXPENSES. ALLOCATION BETWEEN INVESTMENT & CHARITABLE PURPOSE IS BASED ON THE APPROXIMATE TIME SPENT ON GRANTS & PROGRAM INVESTMENTS. IF NO ALLOCATION IS POSSIBLE, EXPENSES ARE SPLIT 15% TO INVESTMENTS AND 85% TO GRANT COSTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Simon P Mcgee President | 1 | $0 | |
Thomas R Mcgee Jr Vice President | 1 | $0 | |
B Joseph Duffy III Treasurer | 1 | $0 | |
Sheila Lillis Secretary | 1 | $0 | |
Virginia L Coppinger Director | 1 | $0 | |
John R Mcgee Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $390,502 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $85,231 |
| Capital Gain Net Income | $85,231 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $475,733 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,338 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $256 |
| Total operating and administrative expenses | $64,342 |
| Contributions, gifts, grants paid | $829,454 |
| Total expenses and disbursements | $893,796 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $72,030 |
| 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 | $3,497,253 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,564,495 |
| Accounts payable and accrued expenses | $1,377 |
| 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 | $1,377 |
Grants Awarded
Over the last fiscal year, Mcgee Foundation has awarded $829,454 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
AVILA UNIVERSITY PURPOSE: SCHOLARSHIPS | $50,000 |
BISHOP SULLIVAN CENTER PURPOSE: PROGRAM SUPPORT | $30,000 |
BRIGHT FUTURES FUND PURPOSE: SCHOLARSHIPS | $25,000 |
CATHOLIC CHARITIES OF KANSAS CITY-ST JOSEPH INC PURPOSE: PROGRAM SUPPORT | $30,000 |
CATHOLIC EDUCATION FOUNDATION PURPOSE: SCHOLARSHIPS | $25,000 |
CRISTO REY OF KANSAS CITY PURPOSE: SCHOLARSHIPS | $15,000 |