Mcabee Foundation
- Assets
- $0.0
- Revenue
- $11.4k
- Investments
- $334.5k
- Employees
- 0
- Location
- Tuscaloosa, AL
- Founding
- 07/1983
- Data as of
- 11/2021
- EIN
- 63-0843624
Organization Overview
Mcabee Foundation is located in Tuscaloosa, AL. The organization was established in 1983. 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. Mcabee 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 11/2021, Mcabee Foundation generated $11.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $37.2k during the year ending 11/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leroy Mcabee Director | 0 | $0 | |
Dean Of Engineering - Univ Of Alaba Director | 0 | $0 | |
Dir Of Development - Eng Univ Of Al Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,256 |
| Dividends & Interest | $10,131 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $11,363 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $5,420 |
| Contributions, gifts, grants paid | $31,750 |
| Total expenses and disbursements | $37,170 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,948 |
| Investments—mortgage loans | $0 |
| Investments—other | $9,856 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $3,788 |