Mcgehee Foundation
- Assets
- $5.6m
- Revenue
- $512.2k
- Investments
- $4.8m
- Employees
- 0
- Location
- Ruston, LA
- Founding
- 02/1992
- Data as of
- 12/2021
- 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 12/2021, Mcgehee Foundation generated $512.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $283.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Mcgehee Foundation has awarded 155 individual grants totaling $2,553,984. 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 |
|---|---|---|---|
Mildred T Mcgehee Manager | 0 | $0 | |
Deborah M Lynch Manager | 0 | $0 | |
Pamela M Dell Jones Manager | 0 | $0 | |
Don M Mcgehee Trustee/manager | 0 | $0 | |
David W Mcgehee Trustee/manager | 0 | $0 | |
Lucius D Mcgehee Trustee/manager | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $206,892 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $305,343 |
| Capital Gain Net Income | $305,343 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $512,235 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,880 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $179 |
| Total operating and administrative expenses | $8,059 |
| Contributions, gifts, grants paid | $275,000 |
| Total expenses and disbursements | $283,059 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $626,249 |
| 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 | $156,677 |
| Total assets | $5,577,038 |
| 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 | $7,656 |
| Total liabilities | $7,656 |
Grants Awarded
Over the last fiscal year, Mcgehee Foundation has awarded $275,000 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
CYSTIC FIBROSIS PURPOSE: RESEARCH FOR CYSTIC FIBROSIS | $52,500 |
Ruston, LA PURPOSE: TO PROMOTE CONTINUED HIGHER EDUCATION | $45,000 |
SHARE INTERNATIONAL PURPOSE: CHRISTIAN MISSION WORK | $35,000 |
TMS GLOBAL (FORMERLY THE MISSION SOCIETY) PURPOSE: CHRISTIAN MISSION WORK | $35,000 |
AMERICAN DIABETES ASSOCIATION RESEARCH FOUNDATION PURPOSE: RESEARCH FOR CURE AND MITIGATION OF DIABETES | $25,000 |
LOUISIANA UNITED METHODIST CHILDREN & FAMILY SERVICES PURPOSE: TO ASSIST AND COUNSEL FAMILIES IN CRISIS | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Houston Endowment Inc Houston, TX | $2,683,938,862 | $265,655,014 |
J E And L E Mabee Foundation Inc Midland, TX | $754,241,961 | $130,151,698 |
Rainwater Charitable Foundation Fort Worth, TX | $856,887,520 | $46,265,349 |
Kinder Foundation Houston, TX | $141,449,180 | $60,608,944 |
Rees-Jones Foundation Dallas, TX | $0 | $116,553,438 |
Meadows Foundation Incorporated Dallas, TX | $777,502,701 | $134,484,682 |
Rob And Melani Walton Foundation Bentonviille, AR | $541,056,642 | $120,568,910 |
Amon G Carter Foundation Fort Worth, TX | $464,730,205 | $54,557,293 |
Wend Ii Inc Bentonville, AR | $174,655,774 | $207,303,582 |
Ila-West Gulf Maritime Association Inc Royalty Trust Fund No 1 Houston, TX | $56,716,364 | $36,179,083 |
David Weekley Family Foundation Houston, TX | $132,693,267 | $39,507,010 |
T L L Temple Foundation Lufkin, TX | $464,501,486 | $44,070,137 |