Mcgehee Foundation
- Assets
- $5.4m
- Revenue
- $142.6k
- Investments
- $4.6m
- Employees
- 0
- Location
- Ruston, LA
- Founding
- 02/1992
- Data as of
- 12/2022
- EIN
- 58-1974466
Organization Overview
Mcgehee Foundation is located in Ruston, LA. The organization was established in 1992. 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. Mcgehee 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 12/2022, Mcgehee Foundation generated $142.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (11.0%) each year. All expenses for the organization totaled $317.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Mcgehee Foundation has awarded 161 individual grants totaling $2,566,984. 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 |
|---|---|---|---|
Don M Mcgehee Trustee/manager | 0 | $0 | |
David W Mcgehee Trustee/manager | 0 | $0 | |
Lucius D Mcgehee Trustee/manager | 0 | $0 | |
Mildred T Mcgehee Manager | 0 | $0 | |
Patricia M Flournoy Manager | 0 | $0 | |
Deborah M Lynch Manager | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $162,792 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$20,205 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $142,587 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,598 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $83 |
| Total operating and administrative expenses | $2,681 |
| Contributions, gifts, grants paid | $315,000 |
| Total expenses and disbursements | $317,681 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $658,130 |
| 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 | $167,203 |
| Total assets | $5,394,288 |
| 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, Mcgehee Foundation has awarded $315,000 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN FAMILY ASSOCIATION PURPOSE: CHRISTIAN MINISTRY | $1,000 |
CHRISTIAN COMMUNITY ACTION PURPOSE: EMERGENCY ASSISTANCE PROGRAM FOR INDIGENT INDIVIDUALS AND FAMILIES | $2,000 |
CYSTIC FIBROSIS PURPOSE: RESEARCH FOR CYSTIC FIBROSIS | $55,000 |
BOYS AND GIRLS CLUB OF NORTH CENTRAL LOUISIANA PURPOSE: HELPING YOUTH BECOME RESPONSIBLE CITIZENS AND ACQUIRE LIFE SKILLS | $20,000 |
DOMESTIC ABUSE RESISTANCE TEAM PURPOSE: ASSISTANCE FOR DOMESTIC ABUSE VICTIMS | $2,000 |
FAMILY LEGACY MISSIONS PURPOSE: CHRISTIAN MISSION WORK | $5,000 |