Mclean Community Foundation
- Assets
- $2.2m
- Revenue
- $189.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Mclean, VA
- Founding
- 10/1981
- Data as of
- 03/2022
- EIN
- 52-1227032
Organization Overview
Mclean Community Foundation is located in Mclean, VA. The organization was established in 1981. According to its NTEE Classification (S21) the organization is classified as: Community Coalitions, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mclean Community 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 03/2022, Mclean Community Foundation generated $189.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $132.6k during the year ending 03/2022. While expenses have increased by 10.5% per year over the past 7 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 2017, Mclean Community Foundation has awarded 39 individual grants totaling $486,648. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
MCF OPERATES EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES BY PROVIDING GRANTS TO NON PROFIT ORGANIZATIONS FOR THE BENEFIT OF THE RESIDENTS OF THE MCLEAN PLANNING DISTRICT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MCF GRANTS PROVIDE SUPPORT FOR VITAL CHARITABLE AND EDUCATIONAL PROJECTS THAT MAKE A DIFFERENCE IN THE LIVES OF THE CITIZENS OF GREATER MCLEAN. DURING FISCAL YEAR 2021/2022, MCF GRANTED 18 ORGANIZATIONS $112,571 IN GRANTS AND SPONSORSHIPS TO SUPPORT SCHOOLS, THE ARTS, PUBLIC SAFETY, HEALTH CARE AND PUBLIC SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Swaak President | OfficerTrustee | 2 | $0 |
Steven Bloom Vice President | OfficerTrustee | 2 | $0 |
Julie Lansaw Warin Treasurer | OfficerTrustee | 2 | $0 |
Jennifer Salopek Secretary | OfficerTrustee | 2 | $0 |
Kelly Green Kahn Trustee | Trustee | 2 | $0 |
Jennifer Feinstein Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $12,740 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $62,153 |
| Noncash contributions included in lines 1a–1f | $12,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $74,893 |
| Total Program Service Revenue | $0 |
| Investment income | $35,671 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $47,820 |
| Net Income from Fundraising Events | $31,484 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $189,868 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $112,571 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,427 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,606 |
| Office expenses | $4,415 |
| Information technology | $2,863 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,704 |
| All other expenses | $0 |
| Total functional expenses | $132,586 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,574 |
| Savings and temporary cash investments | $242,897 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,941,460 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,192,931 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $2,192,931 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,192,931 |
Grants Awarded
Over the last fiscal year, Mclean Community Foundation has awarded $80,737 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
Falls Church, VA PURPOSE: GRANT TO ASSIST THE ORGANIZATION | $15,000 |
Mclean, VA PURPOSE: GRANT TO ASSIST THE ORGANIZATION | $12,000 |
Mclean, VA PURPOSE: GRANT TO ASSIST THE ORGANIZATION | $11,200 |
McLean, VA PURPOSE: GRANT TO ASSIST THE ORGANIZATION | $10,000 |
Vienna, VA PURPOSE: GRANT TO ASSIST THE ORGANIZATION | $7,242 |
Vienna, VA PURPOSE: GRANT TO ASSIST THE ORGANIZATION | $6,800 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Mclean Community Foundation has recieved totaling $3,500.
| Awarding Organization | Amount |
|---|---|
Reinsch Pierce Family Foundation Inc Arlington, VA PURPOSE: SUPPORT CHARITABLE ACTIVITIES | $1,000 |
J V Schiro-Zavela Foundation Mclean, VA PURPOSE: OPERATIONAL SUPPORT | $1,000 |
Heart Sing Chevy Chase, MD PURPOSE: GENERAL USE | $1,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Harrison Rural Electrification Association Inc Bridgeport, WV | $39,716,529 | $14,386,396 |
Virginia Organizing Inc Charlottesville, VA | $8,195,944 | $10,817,973 |
Coalition Against Electricity Deregulation Inc Washington, DC | $487,186 | $8,246,247 |
American Exceptionalism Institute Inc Arlington, VA | $932,684 | $8,055,400 |
National Coalition For Asian Pacific American Community Dev Washington, DC | $6,392,194 | $8,381,016 |
Rural Cellular Association Washington, DC | $3,010,489 | $4,499,751 |
Neighborhood Housing Services Of Baltimore Inc Baltimore, MD | $24,650,096 | $5,559,716 |
Kentucky Rural Water Association Bowling Green, KY | $3,114,673 | $3,332,074 |
Peterson Family Foundation Fairfax, VA | $10,465,952 | $6,659,097 |
Blueprint North Carolina Raleigh, NC | $4,476,634 | $4,156,783 |
North Carolina Rural Water Association Inc Welcome, NC | $3,212,310 | $3,286,739 |
Community Forklift Edmonston, MD | $1,775,314 | $3,254,710 |