Mclane Family Charitable Foundation
- Assets
- $32.1k
- Revenue
- $172.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Houston, TX
- Founding
- 04/2018
- Data as of
- 12/2023
- EIN
- 81-4799197
Organization Overview
Mclane Family Charitable Foundation is located in Houston, TX. The organization was established in 2018. According to its NTEE Classification (T30) the organization is classified as: Public 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. Mclane Family Charitable Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2018, Mclane Family Charitable Foundation has awarded 18 individual grants totaling $235,000. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
IT IS ANTICIPATED THAT THE ORGANIZATION WILL ONLY MAKE GRANTS TO PUBLICLY SUPPORTED 501(C)(3) ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Mclane President, Secretary, Dir | 0 | $0 | |
Mona Walker Director | 0 | $0 | |
Margaret Danz Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $170,856 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,224 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $86,263 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $172,080 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $221 |
| Total operating and administrative expenses | $621 |
| Contributions, gifts, grants paid | $113,000 |
| Total expenses and disbursements | $113,621 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $32,101 |
| 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 | $32,101 |
| 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, Mclane Family Charitable Foundation has awarded $113,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
GMUF-MERCATUS CENTER PURPOSE: CHARITABLE DONATION FOR EDUCATIONAL PURPOSES | $5,000 |
FEDERALIST SOCIETY PURPOSE: CHARITABLE DONATION FOR EDUCATIONAL PURPOSES | $1,000 |
PICKLES GROUP PURPOSE: CHARITABLE DONATION FOR MEDICAL SERVICES | $1,000 |
REASON FOUNDATION PURPOSE: CHARITABLE DONATION FOR EDUCATIONAL PURPOSES | $5,000 |
REAL CLEAR MEDIA FUND PURPOSE: CHARITABLE DONATION FOR EDUCATIONAL PURPOSES | $1,000 |
UNIVERSITY OF TEXAS AT AUSTIN - SALEM CENTER PURPOSE: CHARITABLE DONATION FOR EDUCATIONAL PURPOSES | $20,000 |