Don C And Florence M Mccune Foundation
- Assets
- $16.2m
- Revenue
- $1.4m
- Investments
- $15.7m
- Employees
- 0
- Location
- Salina, KS
- Founding
- 05/1995
- Data as of
- 06/2024
- EIN
- 48-1164218
Organization Overview
Don C And Florence M Mccune Foundation is located in Salina, KS. The organization was established in 1995. 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. Don C And Florence M Mccune Foundation 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 06/2024, Don C And Florence M Mccune Foundation generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $884.3k during the year ending 06/2024. While expenses have increased by 1.1% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Don C And Florence M Mccune Foundation has awarded 183 individual grants totaling $4,688,670. 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 |
|---|---|---|---|
Sidney A Reitz President | 2 | $24,000 | |
Susan N Reitz Secretary | 5 | $24,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6,153 |
| Dividends & Interest | $305,713 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,083,779 |
| Capital Gain Net Income | $1,083,779 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,395,645 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $48,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $16,990 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $342 |
| Total operating and administrative expenses | $166,945 |
| Contributions, gifts, grants paid | $717,319 |
| Total expenses and disbursements | $884,264 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $483,076 |
| 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 | $8,774,166 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $14,000 |
| Total assets | $16,165,452 |
| 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, Don C And Florence M Mccune Foundation has awarded $717,319 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS PURPOSE: DISASTER RELIEF | $20,000 |
BIG BROTHERS BIG SISTERS PURPOSE: OPERATIING BUDGET ASSISTANCE | $5,000 |
CHILD ADVOCACY & PARENTING SERVICES INC PURPOSE: OPERATING BUDGET ASSISTANCE | $2,500 |
FIRST PRESBYTERIAN CHURCH PURPOSE: STEWARDSHIP CAMPAIGN | $25,000 |
FRIENDS OF THE RIVER FOUNDATION PURPOSE: SMOKY HILL RIVER RESTORATION | $5,000 |
FRIENDS OF THE SALINA PUBLIC LIBRARY INC PURPOSE: RENOVATION CAMPAIGN - YOUTH PROGRAM ROOM | $100,000 |