Mcn Build Foundation Inc
- Assets
- $137.0k
- Revenue
- $463.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 03/2017
- Data as of
- 12/2021
- 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.
For the year ending 12/2021, Mcn Build Foundation Inc generated $463.6k in total revenue.
Since 2019, Mcn Build Foundation Inc has awarded 120 individual grants totaling $2,094,848. 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 |
|---|---|---|---|
Bassem Boustany Director | 2 | $0 | |
Rudy Seikaly President | 8 | $0 | |
Todd Stokes Treasurer | 0.1 | $0 | |
William Coffield Secretary | 2 | $0 | |
Joseph Khoury Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $463,560 |
| 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 | $0 |
| Total Revenue | $463,560 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $89,168 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,943 |
| Total operating and administrative expenses | $95,111 |
| Contributions, gifts, grants paid | $290,031 |
| Total expenses and disbursements | $385,142 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $136,960 |
| 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 | $136,960 |
| 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 $290,031 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
MAKING THE GRADE PURPOSE: EDUCATION OF ETHIOPIAN YOUTH | $40,900 |
New York, NY PURPOSE: ALLEVIATE POVERTY IN THE MIDDLE EAST | $31,000 |
Washington, DC PURPOSE: HOLISTIC SUPPORT TO LOW INCOME DC RESIDENTS | $30,000 |
Oakland, CA PURPOSE: COLLEGE TUITION FOR UNDERPRIVILEGED STUDENTS | $25,000 |
KIPP DC PURPOSE: CHARTER SCHOOLS IN LOW INCOME NEIGHBORHOODS | $20,000 |
CITY OF SAN SALVADOR EL SALVADOR PURPOSE: CONSTRUCTION OF DIGITAL LIBRARY IN SAN SALVADOR, EL SALVADOR. | $18,889 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Diana Davis Spencer Foundation Bethesda, MD | $1,510,145,435 | $31,448,274 |
Davis Family Foundation Hanover, MD | $1,302,672,743 | $64,475,559 |
Bedford Falls Foundation C/O Joanne Barkett Conway Washington, DC | $61,666,880 | $84,617,094 |
The Rosser Foundation A Pure Charitable Trust And Public Charit Hampton, VA | $12,195,900 | $36,359,396 |
Wallace Global Fund Ii Washington, DC | $136,169,792 | $23,961,855 |
De Beaumont Foundation Inc Bethesda, MD | $183,698,152 | $47,357,470 |
Foundation For The Greatest Good Fulton, MD | $11,551,864 | $19,462,876 |
Young Mens Christian Association Of The Chesapeake Inc Easton, MD | $84,208,847 | $28,289,184 |
Laszlo N Tauber Family Foundation Inc North Bethesda, MD | $0 | $1,758,712 |
Breakthrough Prize In Life Sciences Foundation Washington, DC | $615,230 | $10,652,847 |
Manning Family Foundation Charlottesville, VA | $313,144,000 | $17,216,650 |
Nora Roberts Foundation Inc Glenn Dale, MD | $90,657,767 | $17,263,079 |