Mcmahon Foundation
- Assets
- $527.6k
- Revenue
- -$105.2k
- Investments
- $517.0k
- Employees
- 0
- Location
- Naples, FL
- Founding
- 01/2013
- Data as of
- 12/2023
- EIN
- 45-4616291
Organization Overview
Mcmahon Foundation is located in Naples, FL. The organization was established in 2013. 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. Mcmahon Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2014, Mcmahon Foundation has awarded 37 individual grants totaling $160,439. 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 |
|---|---|---|---|
Tim Mcmahon President, Director | 4 | $0 | |
Frank Shinnick Secretary/treasurer, Direc | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,949 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$114,829 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,640 |
| Total Revenue | -$105,240 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $11,903 |
| Taxes | $270 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $99 |
| Total operating and administrative expenses | $16,399 |
| Contributions, gifts, grants paid | $57,300 |
| Total expenses and disbursements | $73,699 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,741 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $832 |
| Total assets | $527,582 |
| 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 | $121,959 |
| Total liabilities | $121,959 |
Grants Awarded
Over the last fiscal year, Mcmahon Foundation has awarded $57,300 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
NAPLES ZOO PURPOSE: FOR PROGRAMS | $10,000 |
BIG BROTHERS BIG SISTERS PURPOSE: FOR PROGRAMS | $5,500 |
THE SHELTER FOR ABUSED WOMEN & CHILDREN PURPOSE: FOR PROGRAMS | $5,000 |
GULFSHORE PLAYHOUSE PURPOSE: FOR PROGRAMS | $10,000 |
GOLISANO CHILDREN'S MUSEUM OF NAPLES PURPOSE: FOR PROGRAMS | $1,250 |
NAPLES CHILDREN & EDUCATION FOUNDATION PURPOSE: FOR PROGRAMS | $20,250 |