Mcmahon Foundation
- Assets
- $47.9m
- Revenue
- $3.0m
- Investments
- $47.2m
- Employees
- 0
- Location
- Lawton, OK
- Founding
- 06/1941
- Data as of
- 03/2024
- EIN
- 73-0664314
Organization Overview
Mcmahon Foundation is located in Lawton, OK. The organization was established in 1941. 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. Mcmahon 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 03/2024, Mcmahon Foundation generated $3.0m 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 (3.6%) each year. All expenses for the organization totaled $3.3m during the year ending 03/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Mcmahon Foundation has awarded 232 individual grants totaling $19,337,573. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE STATEMENT FOR PART XIV, LINE 3A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phil Kennedy Chairman | 1 | $0 | |
Mark Henry Vice Chairma | 1 | $0 | |
David Madigan Secretary/tr | 1 | $0 | |
Michael Mayhall Trustee | 0.5 | $0 | |
Todd Bridges DDS Trustee | 0.5 | $0 | |
Kenneth Bridges Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $19,739 |
| Dividends & Interest | $1,283,280 |
| Net Rental Income | $9,000 |
| Net Gain on Sale of Assets | $1,305,175 |
| Capital Gain Net Income | $1,305,175 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $348,989 |
| Total Revenue | $2,966,183 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $72,169 |
| Other employee salaries and wages | $20,416 |
| Pension plans, employee benefits | $9,525 |
| Interest | $0 |
| Taxes | $17,286 |
| Depreciation | $8,086 |
| Occupancy | $58,875 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $57,061 |
| Total operating and administrative expenses | $513,216 |
| Contributions, gifts, grants paid | $2,765,108 |
| Total expenses and disbursements | $3,278,324 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $400 |
| Savings and temporary cash investments | $400,720 |
| 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 | $12,267 |
| Net Investments - land, buildings, equipment | $66,100 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $251,524 |
| Other assets | $6,290 |
| Total assets | $47,925,524 |
| Accounts payable and accrued expenses | $2,585 |
| 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 | $2,585 |
Grants Awarded
Over the last fiscal year, Mcmahon Foundation has awarded $2,765,108 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
BOY SCOUTS OF AMERICA PURPOSE: REPAIRS TO SERVICE CENTER | $94,350 |
CAMERON UNIVERSITY PURPOSE: CU DUAY OF GIVING MATCHING FUNDS | $5,911 |
CAMERON UNIVERSITY PURPOSE: CETES ENGINEERING PROGRAM | $250,000 |
CHISHOLM TRAIL HERITAGE CENTER ASSO PURPOSE: EDUCATION ASSISTANCE | $9,500 |
CROSSROADS YOUTH & FAMILY PURPOSE: EARLY CHILDHOOD EDUC PRGM | $30,000 |
INFANT CRISIS SERVICES PURPOSE: BABYMOBILE PROGRAM IN COMANCHE | $10,000 |