Mebane Charitable Foundation Inc
- Assets
- $27.9m
- Revenue
- $3.6m
- Investments
- $25.2m
- Employees
- 0
- Location
- Garden City, NY
- Founding
- 03/1999
- Data as of
- 12/2021
- 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 12/2021, Mebane Charitable Foundation Inc generated $3.6m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 32.1% each year . All expenses for the organization totaled $2.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Mebane Charitable Foundation Inc has awarded 85 individual grants totaling $3,473,273. 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 | $187,000 | |
Susan Domanski Assistant Secretary | 40 | $66,000 | |
Paul H Livingston Jr Secretary & Director | 2 | $4,000 | |
William Mebane Director | 2 | $4,000 | |
Mary E Rittling 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 | $456,037 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,107,868 |
| Capital Gain Net Income | $3,107,868 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,598 |
| Total Revenue | $3,570,503 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $273,000 |
| Other employee salaries and wages | $38,000 |
| Pension plans, employee benefits | $99,553 |
| Interest | $4,638 |
| Taxes | $3,895 |
| Depreciation | $9,460 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $9,834 |
| Printing and publications | $0 |
| Other expenses | $96,821 |
| Total operating and administrative expenses | $730,587 |
| Contributions, gifts, grants paid | $1,597,000 |
| Total expenses and disbursements | $2,327,587 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $769,890 |
| 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 | $277,849 |
| Other assets | $1,694,824 |
| Total assets | $27,892,736 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $10,000 |
| 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 | $10,000 |
Grants Awarded
Over the last fiscal year, Mebane Charitable Foundation Inc has awarded $1,597,000 in support to 42 organizations.
| Grant Recipient | Amount |
|---|---|
DAVIE COUNTY SCHOOLS PURPOSE: GENERAL PURPOSE | $530,158 |
New York, NY PURPOSE: GENERAL PURPOSE | $300,000 |
BROOKSTONE SCHOOLS PURPOSE: GENERAL PURPOSE | $110,000 |
Arden, NC PURPOSE: GENERAL PURPOSE | $100,000 |
NC EDUICATION CORPS PURPOSE: GENERAL PURPOSE | $100,000 |
HILL CENTER - TFA PURPOSE: GENERAL PURPOSE | $75,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Say Yes Buffalo Scholarship Inc Buffalo, NY | $26,879,466 | $14,014,941 |
The Heckscher Foundation For Children New York, NY | $236,760,119 | $11,760,357 |
United Federation Of Teachers Educational Foundation Inc New York, NY | $18,651,586 | $11,866,585 |
Vista Foundation Hershey, PA | $12,658,681 | $12,905,128 |
Caroline & Joseph S Gruss Life Monument Funds Inc New York, NY | $48,124,527 | $2,679,769 |
Storehouse For Teachers Pittsburgh, PA | $4,365,823 | $11,202,988 |
Five Colleges Incorporated Amherst, MA | $34,378,872 | $10,361,692 |
Suny Impact Foundation Inc New York, NY | $1,805,430 | $8,847,404 |
Poughkeepsie Public School Teachers Asso Trust Fund Poughkeepsie, NY | $14,239,734 | $11,580,276 |
Elevate 215 Philadelphia, PA | $9,991,857 | $10,518,985 |
Meged Shomayim Airmont, NY | $573,750 | $8,461,954 |
Nli Usa Inc New York, NY | $11,341,396 | $10,639,057 |