Mckenzie Foundation
- Assets
- $19.1m
- Revenue
- -$175.4k
- Investments
- $500.6k
- Employees
- 0
- Location
- Chattangooga, TN
- Founding
- 01/2006
- Data as of
- 12/2023
- EIN
- 62-1805189
Organization Overview
Mckenzie Foundation is located in Chattangooga, TN. The organization was established in 2006. According to its NTEE Classification (B01) the organization is classified as: Alliances & Advocacy, 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. Mckenzie Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2014, Mckenzie Foundation has awarded 218 individual grants totaling $6,625,544. 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 |
|---|---|---|---|
Johnny Smith President/treas/asst Sec | 40 | $132,812 | |
W Thorpe Mckenzie Vice President | 1 | $0 | |
Sarah H Mckenzie Director | 0.25 | $0 | |
William P Aiken Secretary/director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$198,081 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $22,636 |
| Total Revenue | -$175,445 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $132,812 |
| Other employee salaries and wages | $59,400 |
| Pension plans, employee benefits | $29,058 |
| Interest | $0 |
| Taxes | $15,454 |
| Depreciation | $41,644 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,613 |
| Printing and publications | $0 |
| Other expenses | $93,079 |
| Total operating and administrative expenses | $402,177 |
| Contributions, gifts, grants paid | $567,150 |
| Total expenses and disbursements | $969,327 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,075,958 |
| 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 | $75,233 |
| Other assets | $17,496,186 |
| Total assets | $19,147,987 |
| 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, Mckenzie Foundation has awarded $567,150 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
CHATT FOUNDATION PURPOSE: OPERATING FUNDS | $15,000 |
ERLANGER HOSPITAL SYSTEM FOUNDATION PURPOSE: OPERATING FUNDS | $5,000 |
BE THE CHANGE YOUTH INITIATIVE PURPOSE: OPERATING FUNDS | $2,000 |
UNITED WAY OF GREATER CHATTANOOGA PURPOSE: OPERATING FUNDS | $25,000 |
OLIVET BAPTIST CHURCH PURPOSE: OPERATING FUNDS | $10,000 |
HABITAT FOR HUMANITY OF GREATER CHATTANOOGA PURPOSE: OPERATING FUNDS | $2,500 |