Mckinley Educational Initiative
- Assets
- $19.6m
- Revenue
- $1.1m
- Investments
- $19.2m
- Employees
- 0
- Location
- Tempe, AZ
- Founding
- 12/2018
- Data as of
- 12/2022
- EIN
- 82-3688020
Organization Overview
Mckinley Educational Initiative is located in Tempe, AZ. The organization was established in 2018. 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. Mckinley Educational Initiative 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 12/2022, Mckinley Educational Initiative generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 34.9% each year . All expenses for the organization totaled $1.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Mckinley Educational Initiative has awarded 23 individual grants totaling $3,697,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tamara Rix President | 40 | $108,000 | |
Mark Rix Secretary | 1 | $0 | |
Tim Mckinley Treasurer | 20 | $48,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3 |
| Dividends & Interest | $322,059 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $751,927 |
| Capital Gain Net Income | $751,927 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,073,989 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $156,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $30,208 |
| Depreciation | $0 |
| Occupancy | $7,063 |
| Travel, conferences, and meetings | $4,000 |
| Printing and publications | $0 |
| Other expenses | $19,415 |
| Total operating and administrative expenses | $521,420 |
| Contributions, gifts, grants paid | $1,205,000 |
| Total expenses and disbursements | $1,726,420 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,823 |
| Savings and temporary cash investments | $371,638 |
| 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 | $590,577 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $19,581,527 |
| 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, Mckinley Educational Initiative has awarded $1,205,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
ASPIRE ARIZONA FOUNDATION PURPOSE: GENERAL OPERATING SUPPORT | $25,000 |
JOHN JAY CENTER FOR LEARNING PURPOSE: GENERAL OPERATING SUPPORT | $100,000 |
LEADERSHIP KAUAI PURPOSE: GENERAL SUPPORT | $25,000 |
NA KAKAI WA'A MOKU O HAWAII PURPOSE: GENERAL SUPPORT | $20,000 |
PURDUE RESEARCH FOUNDATION PURPOSE: MEDICAL RESEARCH | $920,000 |
THE METRO ED FOUNDATION PURPOSE: GENERAL OPERATING SUPPORT | $105,000 |