James & Melita A Mcdonough Foundation
- Assets
- $7.7m
- Revenue
- $48.4k
- Investments
- $7.7m
- Employees
- 0
- Location
- Dubuque, IA
- Founding
- 04/2003
- Data as of
- 12/2022
- EIN
- 48-1296843
Organization Overview
James & Melita A Mcdonough Foundation is located in Dubuque, IA. The organization was established in 2003. 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. James & Melita A Mcdonough 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 12/2022, James & Melita A Mcdonough Foundation generated $48.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (40.4%) each year. All expenses for the organization totaled $501.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, James & Melita A Mcdonough Foundation has awarded 241 individual grants totaling $1,474,546. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann Mcdonough President | 0 | $0 | |
Brian J Kane Vice-President | 0 | $0 | |
Glen Mcdonough Secretary/treasurer | 0 | $0 | |
Jim Liddle Director | 0 | $0 | |
Heather Cruse Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $165,346 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$138,565 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $21,631 |
| Total Revenue | $48,412 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,592 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,620 |
| Total operating and administrative expenses | $64,012 |
| Contributions, gifts, grants paid | $437,292 |
| Total expenses and disbursements | $501,304 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $27,412 |
| Total assets | $7,749,169 |
| Accounts payable and accrued expenses | $13,985 |
| 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 | $13,985 |
Grants Awarded
Over the last fiscal year, James & Melita A Mcdonough Foundation has awarded $437,292 in support to 72 organizations.
| Grant Recipient | Amount |
|---|---|
CLARKE UNIVERSITY PURPOSE: TUITION GRANTS, STUDENT EMERGENCY FUNDS | $10,000 |
DUBUQUE HUMANE SOCIETY PURPOSE: MICROCHIPS & VACCINES | $10,000 |
ST MARK YOUTH ENRICHMENT PURPOSE: HIGH QUALITY STAFF | $10,000 |
IOWA LEGAL AID PURPOSE: LEGAL SERVICES TO WOMEN IN NEED | $15,000 |
THE POWER OF PRAYER INC PURPOSE: WEBSITE, 2 MONTH PRESIDENT SALARY, RENT & UTILITIES | $15,000 |
OPENING DOORS PURPOSE: RENT SUBSIDIES,PROP MGMT FEES AND CASE MGR PARTIAL SALARY | $10,000 |