Mcginnity Family Foundation Inc
- Assets
- $549.3k
- Revenue
- $96.2k
- Investments
- $503.7k
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 07/2014
- Data as of
- 12/2022
- EIN
- 46-4533823
Organization Overview
Mcginnity Family Foundation Inc is located in Milwaukee, WI. The organization was established in 2014. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Mcginnity Family 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, Mcginnity Family Foundation Inc generated $96.2k 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 (4.8%) each year. All expenses for the organization totaled $68.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mcginnity Family Foundation Inc has awarded 103 individual grants totaling $277,844. 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 |
|---|---|---|---|
Tom Mcginnity Pres./treasurer | 15 | $0 | |
Maggie Mcginnity Vp/secretary | 5 | $0 | |
Annie Mcginnity Kubes Director | 20 | $45,150 | |
Katie Mcginnity-Hurst Director | 1 | $0 | |
Megan Wright Director | 1 | $0 | |
Betsy Mcginnity Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $84,027 |
| Interest on Savings | $47 |
| Dividends & Interest | $4,391 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,766 |
| Capital Gain Net Income | $7,766 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $96,231 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $45,150 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $3,289 |
| Interest | $0 |
| Taxes | $181 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,530 |
| Total operating and administrative expenses | $59,097 |
| Contributions, gifts, grants paid | $9,370 |
| Total expenses and disbursements | $68,467 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,517 |
| Savings and temporary cash investments | $8,079 |
| 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 | $429,481 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $549,302 |
| 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, Mcginnity Family Foundation Inc has awarded $16,870 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
FORK FARMS PURPOSE: GENERAL OPERATIONS | $4,995 |
HEAR YOUR SONG PURPOSE: EMPOWERMENT OF CHILDREN AND TEENS WITH SERIOUS ILLNESSES AND COMPLEX HEALTH NEEDS TO MAKE THEIR VOICES HEARD THROUGH COLLABORATIVE SONGWRITING. | $2,500 |
THE POLLINATION PROJECT PURPOSE: MENTAL HEALTH | $5,500 |
URBAN LEARNING COLLABORATIVE PURPOSE: GENERAL OPERATIONS | $1,000 |
URBAN STRATEGIES COUNCIL PURPOSE: GENERAL OPERATIONS | $2,500 |
WE GROW GREENS INC PURPOSE: GENERAL OPERATIONS | $375 |