J N Mcarthur Foundation Inc
- Assets
- $980.8k
- Revenue
- $58.0k
- Investments
- $937.8k
- Employees
- 0
- Location
- Port St Lucie, FL
- Founding
- 03/1962
- Data as of
- 12/2023
- EIN
- 59-6063228
Organization Overview
J N Mcarthur Foundation Inc is located in Port St Lucie, FL. The organization was established in 1962. 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. J N Mcarthur 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 12/2023, J N Mcarthur Foundation Inc generated $58.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (13.1%) each year. All expenses for the organization totaled $82.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, J N Mcarthur Foundation Inc has awarded 104 individual grants totaling $226,500. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDATION RECEIVES PROPOSALS DIRECT FROM RECOGNIZED CHARITIES. DONATION ACCEPTED AND GRANTED BY THE FOUNDATION ARE BASED ON THE NEEDS OF THE ORGANIZATION AND/OR COMMUNITY SERVICE PROVIDED BY APPLICANT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Jean Davis President | 0 | $0 | |
Linda Davis Laskin Director | 0 | $0 | |
John Rhodes Davis Director | 0 | $0 | |
Adelheid James Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7 |
| Dividends & Interest | $18,222 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $39,780 |
| Capital Gain Net Income | $39,780 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $58,009 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $542 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $22,062 |
| Total operating and administrative expenses | $25,254 |
| Contributions, gifts, grants paid | $57,500 |
| Total expenses and disbursements | $82,754 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $42,868 |
| 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 | $153 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $980,843 |
| 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 | $12,804 |
| Total liabilities | $12,804 |
Grants Awarded
Over the last fiscal year, J N Mcarthur Foundation Inc has awarded $57,500 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS PURPOSE: DISASTER RELIEF | $3,000 |
ARTHRITIS GENERAL FUND PURPOSE: MEDICAL RESEARCH PROGRAM | $1,000 |
ASPCA PURPOSE: ANNUAL RESCUE RELIEF | $1,500 |
BOK TOWER GARDENS FOUNDATION PURPOSE: ARTISTIC AND CULTURAL RELIEF | $1,500 |
CAMPUS CRUSADE CHRIST RENTZ PURPOSE: MISSIONARY RELIEF | $2,500 |
CHAPMAN PARTNERSHIP PURPOSE: INDIGENT FAMILY RELIEF | $10,000 |