Matthew 25 34-40 Foundation
- Assets
- $2.2m
- Revenue
- $142.9k
- Investments
- $1.9m
- Employees
- 0
- Location
- Everett, WA
- Founding
- 01/2002
- Data as of
- 12/2023
- EIN
- 54-2054548
Organization Overview
Matthew 25 34-40 Foundation is located in Everett, WA. The organization was established in 2002. 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. Matthew 25 34-40 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 12/2023, Matthew 25 34-40 Foundation generated $142.9k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $141.2k during the year ending 12/2023. While expenses have increased by 5.4% per year over the past 9 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, Matthew 25 34-40 Foundation has awarded 242 individual grants totaling $957,620. 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 |
|---|---|---|---|
David B Maclean Director | 1 | $0 | |
Carol Ann Maclean Director | 1 | $0 | |
Gordon Maclean Secretary/director | 1 | $0 | |
James E Maclean Treasurer/director | 1 | $0 | |
Roderick Maclean President/director | 1 | $0 | |
Carin Maclean Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $32,244 |
| Interest on Savings | $0 |
| Dividends & Interest | $90,992 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $19,702 |
| Capital Gain Net Income | $19,702 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $142,938 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,378 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $43,429 |
| Contributions, gifts, grants paid | $97,800 |
| Total expenses and disbursements | $141,229 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,252 |
| Savings and temporary cash investments | $287,001 |
| 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 | $1,905,382 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,234,635 |
| 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, Matthew 25 34-40 Foundation has awarded $97,800 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN URBAN ART & GRAFITTI PROJECT PURPOSE: SERVICES TO ARTIST BY CREATING AVENUES TO MAKE A LIVELIHOOD TOGETHER | $3,000 |
BEADS FOR EDUCATION PURPOSE: GENERAL SUPPORT | $2,000 |
CHRIST OUR KING STELLA MARIS SCHOOL PURPOSE: COMMUNITY OUTREACH, SAFETY MEASURES, EMERGENCY FINANCIAL ASSISTANCE IN THE COMMUNITY. | $4,500 |
BUDAPEST LIONS CLUB PURPOSE: COMPLEX CHILDREN'S PROGRAM; AIR CONDITIONING UNITS FOR THE ST. MICHAEL'S SQUARE SCHOOL AND CHILDREN'S HOME | $21,300 |
COCOON HOUSE PURPOSE: SHORT TERM AND LONG TERM HOUSING FOR UNHOUSED YOUTH | $2,500 |
DEE NORTON LOWCOUNTRY CHILDREN'S CENTER PURPOSE: CHILD ADVOCACY SERVICES IN THE LOWCOUNTRY | $2,000 |