Mebane Charitable Foundation Inc
- Assets
- $26.5m
- Revenue
- $536.9k
- Investments
- $24.0m
- Employees
- 0
- Location
- Garden City, NY
- Founding
- 03/1999
- Data as of
- 12/2022
- EIN
- 56-1853390
Organization Overview
Mebane Charitable Foundation Inc is located in Garden City, NY. The organization was established in 1999. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mebane 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 12/2022, Mebane Charitable Foundation Inc generated $536.9k 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 (30.6%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Mebane Charitable Foundation Inc has awarded 132 individual grants totaling $4,595,865. 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 |
|---|---|---|---|
Larry C Colbourne President & Director | 40 | $190,000 | |
Marianne C Mebane Chairperson & Director | 2 | $0 | |
Paul H Livingston Jr Secretary & Director | 2 | $2,000 | |
Susan Domanski Assistant Secretary | 40 | $68,000 | |
William Mebane Director | 2 | $4,000 | |
Donald C Mcmillion Director | 2 | $4,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $379,393 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $145,177 |
| Capital Gain Net Income | $145,177 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $12,330 |
| Total Revenue | $536,900 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $274,000 |
| Other employee salaries and wages | $42,000 |
| Pension plans, employee benefits | $102,253 |
| Interest | $5,760 |
| Taxes | $62,084 |
| Depreciation | $9,540 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $25,612 |
| Printing and publications | $0 |
| Other expenses | $126,415 |
| Total operating and administrative expenses | $848,614 |
| Contributions, gifts, grants paid | $1,122,592 |
| Total expenses and disbursements | $1,971,206 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $245,344 |
| Net Accounts receivable | $3,944 |
| 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 | $268,878 |
| Other assets | $1,928,168 |
| Total assets | $26,479,789 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $105,000 |
| 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 | $105,000 |
Grants Awarded
Over the last fiscal year, Mebane Charitable Foundation Inc has awarded $1,122,592 in support to 47 organizations.
| Grant Recipient | Amount |
|---|---|
ANIMAL MEDICAL CENTER PURPOSE: GENERAL PURPOSE | $100,000 |
AUTHORS IN MOORE COUNTY SCHOOLS PURPOSE: GENERAL PURPOSE | $5,000 |
AUGUSTINE LITERARY PROJECT PURPOSE: GENERAL PURPOSE | $2,500 |
BOOK HARVEST PURPOSE: GENERAL PURPOSE | $110,000 |
BOOKMARKS PURPOSE: GENERAL PURPOSE | $25,000 |
COGNITIVE TOYBOX PURPOSE: GENERAL PURPOSE | $46,730 |