Mcn Build Foundation Inc
- Assets
- $45.3k
- Revenue
- $457.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 03/2017
- Data as of
- 12/2023
- EIN
- 47-4784436
Organization Overview
Mcn Build Foundation Inc is located in Washington, DC. The organization was established in 2017. 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. Mcn Build 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.
Since 2019, Mcn Build Foundation Inc has awarded 158 individual grants totaling $2,247,322. 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 |
|---|---|---|---|
Rudy Seikaly President | 8 | $0 | |
Todd Stokes Treasurer | 0.1 | $0 | |
William Coffield Secretary | 2 | $0 | |
Bassem Boustany Director | 2 | $0 | |
Joseph Khoury Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $453,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,900 |
| Total Revenue | $457,900 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $106,647 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,740 |
| Total operating and administrative expenses | $114,387 |
| Contributions, gifts, grants paid | $540,543 |
| Total expenses and disbursements | $654,930 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,277 |
| 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 | $0 |
| Total assets | $45,277 |
| 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, Mcn Build Foundation Inc has awarded $540,543 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
DC PREPARATORY ACADEMY PURPOSE: ANNUAL FUNDRAISER DONATION | $10,000 |
ALABAMA AVENUE COMMUNITY PURPOSE: ALABAMA FOUNDATION, DISTRICT SPORTS PROGRAM SUPPOR AND BASKETBALL TOURNAMENT | $7,000 |
BUILDING HOPE PURPOSE: 2023 IMPACT - PLATINUM | $30,000 |
AMERICAN UNIVERSITY OF BEIRUT PURPOSE: ANNUAL DONATION | $5,000 |
CENTER FOR ADOPTION SUPPORT AND EDUCATION PURPOSE: ANNUAL DONATION | $1,000 |
CATHOLIC NEAR EAST WELFARE ASSOCIATION PURPOSE: BESANCON SISTERS SCHOOL | $55,600 |