Bill Mccarty Iii Foundation
- Assets
- $1.7m
- Revenue
- -$58.0k
- Investments
- $1.7m
- Employees
- 0
- Location
- Jackson, MS
- Founding
- 10/1996
- Data as of
- 06/2023
- EIN
- 64-0872808
Organization Overview
Bill Mccarty Iii Foundation is located in Jackson, MS. The organization was established in 1996. 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. Bill Mccarty Iii 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 06/2023, Bill Mccarty Iii Foundation generated -$58.0k 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 (15.9%) each year. All expenses for the organization totaled $87.9k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (16.9%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Bill Mccarty Iii Foundation has awarded 50 individual grants totaling $438,666. 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 |
|---|---|---|---|
Wb Mccarty III Pres/directo | 0 | $0 | |
Harrison Russell Mccarty Sec-Treas/di | 0 | $0 | |
Beth Mccarty Harris Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $219 |
| Dividends & Interest | $43,600 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$101,937 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $164 |
| Total Revenue | -$57,954 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $412 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,347 |
| Total operating and administrative expenses | $12,359 |
| Contributions, gifts, grants paid | $75,500 |
| Total expenses and disbursements | $87,859 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,401 |
| Savings and temporary cash investments | $13,006 |
| 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 | $1,730,137 |
| 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, Bill Mccarty Iii Foundation has awarded $75,500 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
LEFLUER EAST FOUNDATION PURPOSE: RELIGIOUS, EDUCATIONAL, CHARITABLE | $2,000 |
ST ANDREW'S EPISCOPAL CATHEDRAL PURPOSE: RELIGIOUS, EDUCATIONAL, CHARTIABLE | $5,000 |
ST ANTHONY EDUCATION FOUNDATION PURPOSE: RELIGIOUS, EDUCATIONAL, CHARITABLE | $1,500 |
NEW STAGE THEATRE PURPOSE: RELIGIOUS, EDUCATIONAL, CHARITABLE | $50,000 |
EDWARDS UNITED METHODIST CHURCH PURPOSE: RELIGIOUS, EDUCATIONAL, CHARITABLE | $2,000 |
GREATER BELHAVEN NEIGHBORHOOD PURPOSE: RELIGIOUS, EDUCATIONAL, CHARITABLE | $2,000 |