Mclaughlin Family Foundation Inc
- Assets
- $25.0m
- Revenue
- $2.2m
- Investments
- $22.3m
- Employees
- 0
- Location
- Oklahoma City, OK
- Founding
- 12/2004
- Data as of
- 12/2023
- EIN
- 47-0945945
Organization Overview
Mclaughlin Family Foundation Inc is located in Oklahoma City, OK. The organization was established in 2004. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Mclaughlin 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 12/2023, Mclaughlin Family Foundation Inc generated $2.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (31.6%) each year. All expenses for the organization totaled $2.2m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Mclaughlin Family Foundation Inc has awarded 171 individual grants totaling $10,382,684. 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
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jean Mclaughlin Board President | 0.58 | $5,000 | |
Amy Mclaughlin-Gray Vice President | 0.58 | $5,000 | |
Robert Mclaughlin Treasurer | 0.58 | $5,000 | |
Christina Mclaughlin Secretary | 0.58 | $5,000 | |
David Mclaughlin Co-Founder | 0.58 | $5,000 | |
Tim Mclaughlin Board Member | 0.58 | $5,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $596 |
| Dividends & Interest | $362,951 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,794,961 |
| Capital Gain Net Income | $1,794,961 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $30,370 |
| Total Revenue | $2,188,878 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $131,645 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $17,852 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $5,972 |
| Printing and publications | $0 |
| Other expenses | $29,568 |
| Total operating and administrative expenses | $302,921 |
| Contributions, gifts, grants paid | $1,899,308 |
| Total expenses and disbursements | $2,202,229 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,681,953 |
| Net Accounts receivable | $914 |
| 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 | $8,073,364 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $25,007,827 |
| 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, Mclaughlin Family Foundation Inc has awarded $1,899,308 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
ANGELS FOSTER FAMILY NETWORK OKC PURPOSE: GENERAL PURPOSE | $50,000 |
BECAUSE WE CARE PHILANTHROPY INC PURPOSE: GENERAL PURPOSE | $344,000 |
CLEATS FOR KIDS PURPOSE: GENERAL PURPOSE | $100,000 |
DONORSCHOOSEORG PURPOSE: GENERAL PURPOSE | $27,910 |
FIELDS AND FUTURES FOUNDATION PURPOSE: GENERAL PURPOSE | $150,000 |
GIRL SCOUTS OF WESTERN OKLAHOMA PURPOSE: GENERAL PURPOSE | $30,000 |