The Mcbay Charitable Trust
- Assets
- $80.7k
- Revenue
- $20.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Mclean, VA
- Founding
- 06/2019
- Data as of
- 12/2022
- EIN
- 83-1549415
Organization Overview
The Mcbay Charitable Trust is located in Mclean, VA. The organization was established in 2019. 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. Mcbay Charitable Trust 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, Mcbay Charitable Trust generated $20.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (38.0%) each year. All expenses for the organization totaled $67.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Mcbay Charitable Trust has awarded 42 individual grants totaling $156,000. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING 2021, THE ORGANIZATION CONTRIBUTED $47,750 TO THIRTEEN OTHER QUALIFIED CHARITABLE ORGANIZATIONS. EACH CONTRIBUTION WAS UNRESTRICTED AND THE DONEES APPLIED THE FUNDS IN THE MANNER EACH DEEMED APPROPRIATE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sharon H Mcbay Co-Trustee | 0.1 | $0 | |
Matthew W Mcbay Co-Trustee | 0.1 | $0 | |
Lara E Ramsey Co-Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $19,544 |
| Interest on Savings | $478 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $20,022 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,430 |
| Contributions, gifts, grants paid | $65,750 |
| Total expenses and disbursements | $67,180 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $80,729 |
| 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 | $80,729 |
| 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, The Mcbay Charitable Trust has awarded $65,750 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
AT HOME IN ALEXANDRIA PURPOSE: GENERAL USE BY QUALIFIED DONEE ORGANIZATIONS | $200 |
BONE HEALTH & OSTEOPOROSIS FOUNDATION PURPOSE: GENERAL USE BY QUALIFIED DONEE ORGANIZATIONS | $1,000 |
DREAM PROJECT INC PURPOSE: GENERAL USE BY QUALIFIED DONEE ORGANIZATIONS | $2,500 |
FLYING DEER NATURE CENTER PURPOSE: GENERAL USE BY QUALIFIED DONEE ORGANIZATIONS | $15,000 |
FOCUSED ULTRASOUND FOUNDATION PURPOSE: GENERAL USE BY QUALIFIED DONEE ORGANIZATIONS | $10,000 |
MAKE-A-WISH GREATER VIRGINIA PURPOSE: GENERAL USE BY QUALIFIED DONEE ORGANIZATIONS | $2,000 |