Phillip G Mccarthey Family Foundation
- Assets
- $606.3k
- Revenue
- $103.3k
- Investments
- $302.1k
- Employees
- 0
- Location
- Salt Lake City, UT
- Founding
- 10/1999
- Data as of
- 12/2022
- EIN
- 87-0624010
Organization Overview
Phillip G Mccarthey Family Foundation is located in Salt Lake City, UT. The organization was established in 1999. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, 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. Phillip G Mccarthey Family Foundation 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, Phillip G Mccarthey Family Foundation generated $103.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.0% each year . All expenses for the organization totaled $41.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip G Mccarthey Trustee | 3 | $0 | |
Sandra Mccarthey Trustee | 3 | $0 | |
Molly E Mccarthey Spain Trustee | 1 | $0 | |
Mairin J Mccarthey Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $91,706 |
| Interest on Savings | $26 |
| Dividends & Interest | $3,839 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,748 |
| Capital Gain Net Income | $553 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $103,319 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,277 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,277 |
| Contributions, gifts, grants paid | $40,176 |
| Total expenses and disbursements | $41,453 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,329 |
| 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 | $229 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $299,700 |
| Total assets | $606,332 |
| 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, Phillip G Mccarthey Family Foundation has awarded $40,176 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
AUTISM SPEAKS PURPOSE: PROGRAM FUNDING | $1,000 |
BOYS & GIRLS CLUBS OF GREATER SALT LAKE PURPOSE: PROGRAM FUNDING | $2,000 |
FOURTH STREET CLINIC PURPOSE: PROGRAM FUNDING | $2,500 |
GEORGETOWN UNIVERSITY PURPOSE: EDUCATION PROGRAMS | $2,500 |
HUMANE SOCIETY OF UTAH PURPOSE: PROGRAM FUNDING | $2,500 |
LIFE LIFTED CHARITIES PURPOSE: PROGRAM FUNDING | $5,000 |