Lula Hasam Mcafee Foundation 5616300
- Assets
- $851.4k
- Revenue
- $44.0k
- Investments
- $836.9k
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 04/1976
- Data as of
- 07/2024
- EIN
- 74-6109154
Organization Overview
Lula Hasam Mcafee Foundation 5616300 is located in Chicago, IL. The organization was established in 1976. 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. Lula Hasam Mcafee Foundation 5616300 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 07/2024, Lula Hasam Mcafee Foundation 5616300 generated $44.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $59.3k during the year ending 07/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Lula Hasam Mcafee Foundation 5616300 has awarded 21 individual grants totaling $255,374. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $32,221 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,735 |
| Capital Gain Net Income | $11,735 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $43,956 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $17,938 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $942 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $18,880 |
| Contributions, gifts, grants paid | $40,444 |
| Total expenses and disbursements | $59,324 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,948 |
| Savings and temporary cash investments | $10,527 |
| 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 | $49,036 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $851,392 |
| 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, Lula Hasam Mcafee Foundation 5616300 has awarded $40,444 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMERS DISEASE AND RELATED PURPOSE: GENERAL | $6,000 |
EL PASOANS FIGHTING HUNGER PURPOSE: GENERAL | $15,000 |
EL PASO SYMPHONY ORCHESTRA PURPOSE: GENERAL | $7,444 |
OPPORTUNITY CENTER FOR THE HOMELESS PURPOSE: GENERAL | $12,000 |