H F Mccarty Jr Family Foundation
- Assets
- $8.3m
- Revenue
- $1.2m
- Investments
- $8.3m
- Employees
- 0
- Location
- Jackson, MS
- Founding
- 02/1997
- Data as of
- 12/2021
- EIN
- 64-0865125
Organization Overview
H F Mccarty Jr Family Foundation is located in Jackson, MS. The organization was established in 1997. 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. H F Mccarty Jr Family 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, H F Mccarty Jr Family Foundation generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.7% each year . All expenses for the organization totaled $573.3k during the year ending 12/2021. While expenses have increased by 16.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, H F Mccarty Jr Family Foundation has awarded 111 individual grants totaling $2,581,185. 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 |
|---|---|---|---|
Patti M Sullivan Treasurer | 2 | $0 | |
John R Mccarty At-Large Board Member | 2 | $0 | |
Ashley W Hullender Vice-President | 1 | $0 | |
Elizabeth Ann Buyan President | 2 | $0 | |
Mary Helen Griffis At-Large Board Member | 1 | $0 | |
Leslie W Baskin Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $134,784 |
| Interest on Savings | $1,921 |
| Dividends & Interest | $142,446 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $814,138 |
| Capital Gain Net Income | $814,138 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $86,467 |
| Total Revenue | $1,179,756 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,185 |
| Depreciation | $0 |
| Occupancy | $4,130 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $57,698 |
| Total operating and administrative expenses | $79,263 |
| Contributions, gifts, grants paid | $494,000 |
| Total expenses and disbursements | $573,263 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $32,448 |
| 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 | $8,243,099 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,274 |
| Total assets | $8,325,375 |
| 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, H F Mccarty Jr Family Foundation has awarded $494,000 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF MISSISSIPPI PATTERSON SCHOOOL OF ACCOUNTANCY PURPOSE: OPERATING SUPPORT | $100,000 |
Jackson, MS PURPOSE: MEDICAL RESEARCH | $100,000 |
Jackson, MS PURPOSE: OPERATING SUPPORT | $60,000 |
METHODIST SENIOR SERVICES - MEMORIAL FOR MILDRED RANDALL PURPOSE: OPERATING SUPPORT | $50,000 |
Ridgeland, MS PURPOSE: SECONDARY EDUCATION | $50,000 |
MAKE A WISH PURPOSE: OPERATING SUPPORT | $33,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trousdale Foundation Inc Cleveland, TN | $157,578,588 | $76,137,385 |
Rob And Melani Walton Foundation Bentonviille, AR | $541,056,642 | $120,568,910 |
Wend Ii Inc Bentonville, AR | $174,655,774 | $207,303,582 |
Maclellan Foundation Inc Chattanooga, TN | $225,301,353 | $34,552,415 |
Town Branch Foundation Bentonville, AR | $511,930,269 | $39,195,874 |
The Frist Foundation Nashville, TN | $198,128,014 | $36,312,656 |
Zoma Foundation Bentonville, AR | $228,655,575 | $19,208,599 |
Penner Family Foundation Bentonville, AR | $146,107,822 | $15,983,833 |
J R Hyde Iii Foundation Memphis, TN | $230,354,058 | $26,306,779 |
First Horizon Foundation Memphis, TN | $37,840,936 | $11,265,846 |
The William B Wiener Jr Foundation Shreveport, LA | $23,196,478 | $3,677,470 |
Bashinsky Foundation Inc Birmingham, AL | $2,626,965 | $3,568,518 |