Robert Earll Mcconnell Foundation
- Assets
- $1.8m
- Revenue
- $36.7k
- Investments
- $1.8m
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 09/1937
- Data as of
- 12/2022
- EIN
- 59-6153509
Organization Overview
Robert Earll Mcconnell Foundation is located in Detroit, MI. The organization was established in 1937. 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. Robert Earll Mcconnell 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, Robert Earll Mcconnell Foundation generated $36.7k 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 (35.6%) each year. All expenses for the organization totaled $183.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Robert Earll Mcconnell Foundation has awarded 189 individual grants totaling $676,000. 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 |
|---|---|---|---|
Cameron Brooks Trustee | 10 | $3,554 | |
Polly Mcconnell Trustee / President | 10 | $566 | |
Peter Wagner Trustee | 10 | $2,818 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $39,595 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,852 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $36,743 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $6,938 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,359 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $33,935 |
| Contributions, gifts, grants paid | $150,000 |
| Total expenses and disbursements | $183,935 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $33,733 |
| 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 | $0 |
| Total assets | $1,816,542 |
| 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, Robert Earll Mcconnell Foundation has awarded $150,000 in support to 40 organizations.
| Grant Recipient | Amount |
|---|---|
NATIONAL MULTIPLE SCLEROSIS SOCIETY PURPOSE: SUPPORT FOR DAILY | $5,000 |
BRUNSWICK SCHOOL INC PURPOSE: SUPPORT FOR DAILY | $20,000 |
WHITEWATER THERAPEUTIC & RECREATION PURPOSE: SUPPORT FOR DAILY | $5,000 |
MIDDLEBURG FISH PURPOSE: SUPPORT FOR DAILY | $4,000 |
SALMON LIBRARY ASSOCIATION PURPOSE: SUPPORT FOR DAILY | $5,000 |
SQUAM LAKES NATURAL SCIENCE CTR PURPOSE: SUPPORT FOR DAILY | $900 |