H F Mccarty Jr Family Foundation
- Assets
- $7.9m
- Revenue
- $232.9k
- Investments
- $7.8m
- Employees
- 0
- Location
- Jackson, MS
- Founding
- 02/1997
- Data as of
- 12/2022
- 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 12/2022, H F Mccarty Jr Family Foundation generated $232.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (39.2%) each year. All expenses for the organization totaled $517.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, H F Mccarty Jr Family Foundation has awarded 126 individual grants totaling $3,018,185. 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 |
|---|---|---|---|
Elizabeth Ann Buyan President | 2 | $0 | |
Ashley W Hullender Vice-President | 1 | $0 | |
Patti M Sullivan Treasurer | 2 | $0 | |
John R Mccarty At-Large Board Member | 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 | $0 |
| Interest on Savings | $22,375 |
| Dividends & Interest | $123,321 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$71,857 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $159,031 |
| Total Revenue | $232,870 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,359 |
| Depreciation | $0 |
| Occupancy | $3,100 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $56,775 |
| Total operating and administrative expenses | $80,134 |
| Contributions, gifts, grants paid | $437,000 |
| Total expenses and disbursements | $517,134 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $63,664 |
| 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 | $7,762,938 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,274 |
| Total assets | $7,876,430 |
| 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 $437,000 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
BOY SCOUTS OF AMERICA PURPOSE: OPERATING SUPPORT | $20,000 |
FIRST UNITED METHODIST CHURCH PURPOSE: OPERATING SUPPORT | $15,000 |
CANOPY CHILDRENS SOLUTIONS PURPOSE: OPERATING SUPPORT | $33,000 |
JDRF PURPOSE: OPERATING SUPPORT | $1,000 |
CENTURY CLUB CHARITIES INC PURPOSE: OPERATING SUPPORT | $10,000 |
MAGNOLIA SPEECH SCHOOL PURPOSE: OPERATING SUPPORT | $100,000 |