Adeline & George Mcqueen Foundation Of 1960 8336174700
- Assets
- $21.7m
- Revenue
- $1.6m
- Investments
- $21.5m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 08/1962
- Data as of
- 06/2024
- EIN
- 75-6014459
Organization Overview
Adeline & George Mcqueen Foundation Of 1960 8336174700 is located in Chicago, IL. The organization was established in 1962. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Adeline & George Mcqueen Foundation Of 1960 8336174700 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 06/2024, Adeline & George Mcqueen Foundation Of 1960 8336174700 generated $1.6m 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 (13.1%) each year. All expenses for the organization totaled $1.4m during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Adeline & George Mcqueen Foundation Of 1960 8336174700 has awarded 162 individual grants totaling $7,644,396. 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 | $504,285 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $643,606 |
| Capital Gain Net Income | $643,606 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $404,641 |
| Total Revenue | $1,552,532 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $195,768 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $17,557 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $58,117 |
| Total operating and administrative expenses | $294,385 |
| Contributions, gifts, grants paid | $1,124,315 |
| Total expenses and disbursements | $1,418,700 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,092 |
| Savings and temporary cash investments | $102,679 |
| 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 | $4,742,101 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $21,662,207 |
| 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, Adeline & George Mcqueen Foundation Of 1960 8336174700 has awarded $1,124,315 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
BOTANICAL RESEARCH INSTITUTE OF TEXAS PURPOSE: GENERAL | $45,000 |
TARRANT TO AND THROUGH PARTNERSHIP PURPOSE: GENERAL | $50,000 |
PERFORMING ARTS FORT WORTH INC PURPOSE: GENERAL | $50,000 |
BYNUM SCHOOL PURPOSE: GENERAL | $20,000 |
BUCKNER CHILDREN AND FAMILY PURPOSE: TARRANT COUNTY FOSTER CARE | $7,500 |
LUBBOCK ENTERTAINMENT AND PURPOSE: LEPAA SUSTAINABILITY | $40,000 |