Mccarthy Fam Charitable Foundation
- Assets
- $848.9k
- Revenue
- $23.2k
- Investments
- $826.1k
- Employees
- 0
- Location
- Burke, VA
- Founding
- 05/2000
- Data as of
- 06/2023
- EIN
- 54-6461406
Organization Overview
Mccarthy Fam Charitable Foundation is located in Burke, VA. The organization was established in 2000. 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. Mccarthy Fam Charitable 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 06/2023, Mccarthy Fam Charitable Foundation generated $23.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $31.7k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Mccarthy Fam Charitable Foundation has awarded 90 individual grants totaling $487,786. 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 |
|---|---|---|---|
Bonnie J Cook Trustee | 0 | $0 | |
Kevin J Mccarthy Foundation Mgr. | 0 | $0 | |
Debra L Mccarthy Foundation Mgr. | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $17,632 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,533 |
| Capital Gain Net Income | $5,533 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $23,165 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $10,946 |
| Contributions, gifts, grants paid | $20,711 |
| Total expenses and disbursements | $31,657 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,748 |
| 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 | $385,603 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $848,872 |
| 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, Mccarthy Fam Charitable Foundation has awarded $20,711 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
REDEEMER BIBLE CHURCH PURPOSE: FURTHERANCE OF EXEMPT PURPOSES | $3,000 |
MANSFIELD CARES PURPOSE: COMMUNITY CHARITABLE | $2,500 |
YOUNG LIFE FREDERICKSBURG PURPOSE: CHARITABLE - YOUTH | $5,000 |
AFRICA NEW DAY PURPOSE: COMMUNITY - CHARITABLE | $1,000 |
AMERICAN VALUES PURPOSE: DEMOCRACY - FOUNDING PRINCIPLES | $500 |
BIG DOG RANCH RESCUE PURPOSE: ANIMAL RESCUE | $103 |