W E Mcguire Charitable Foundation Inc
- Assets
- $955.5k
- Revenue
- $100.8k
- Investments
- $798.6k
- Employees
- 0
- Location
- Norfolk, VA
- Founding
- 02/1966
- Data as of
- 10/2023
- EIN
- 54-0761802
Organization Overview
W E Mcguire Charitable Foundation Inc is located in Norfolk, VA. The organization was established in 1966. 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. W E Mcguire Charitable 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 10/2023, W E Mcguire Charitable Foundation Inc generated $100.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $72.8k during the year ending 10/2023. While expenses have increased by 4.7% 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 2015, W E Mcguire Charitable Foundation Inc has awarded 186 individual grants totaling $428,750. 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 |
|---|---|---|---|
Dr William Mcguire Waldrop Treasurer | 2 | $0 | |
David Jerome Rhees President | 2 | $0 | |
Susan Waldrop Donckers VP | 2 | $0 | |
Katie Roseveare Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $132 |
| Dividends & Interest | $29,984 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $70,634 |
| Capital Gain Net Income | $70,634 |
| Net ST Capital Gain | $762 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $9 |
| Total Revenue | $100,759 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $1,304 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $8,805 |
| Contributions, gifts, grants paid | $64,000 |
| Total expenses and disbursements | $72,805 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,261 |
| 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 | $143,622 |
| Total assets | $955,511 |
| 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, W E Mcguire Charitable Foundation Inc has awarded $64,000 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMER ASSOC PURPOSE: GENERAL | $1,000 |
AGATE HOUSING SERVICES PURPOSE: SUPPORT SERVICES | $4,000 |
BARRY ART MUSEUM PURPOSE: ARTS & CULTURE | $500 |
BLACKSBURG INTER FAITH FOOD PANTRY PURPOSE: ARTS & CULTURE | $1,000 |
CENTER FOR IRISH MUSIC PURPOSE: ARTS & CULTURE | $6,000 |
CHRIST EPISCOPAL CHURCH PURPOSE: CHURCH PROGRAMS | $5,000 |