The Mcdaniel Family Foundation
- Assets
- $1.5m
- Revenue
- $59.1k
- Investments
- $1.5m
- Employees
- 0
- Location
- Huntington Beach, CA
- Founding
- 03/2002
- Data as of
- 12/2023
- EIN
- 91-2168116
Organization Overview
The Mcdaniel Family Foundation is located in Huntington Beach, CA. The organization was established in 2002. 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. Mcdaniel 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 12/2023, Mcdaniel Family Foundation generated $59.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.6%) each year. All expenses for the organization totaled $223.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Mcdaniel Family Foundation has awarded 89 individual grants totaling $1,032,600. 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 |
|---|---|---|---|
Thomas Mc Daniel President | 0 | $0 | |
James A White CFO | 0 | $0 | |
Nancy Newman Director | 0 | $0 | |
Carol Barbarow Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $33 |
| Dividends & Interest | $36,927 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $22,090 |
| Capital Gain Net Income | $22,090 |
| Net ST Capital Gain | $22,090 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $59,050 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $567 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $7,166 |
| Printing and publications | $0 |
| Other expenses | $3,593 |
| Total operating and administrative expenses | $23,451 |
| Contributions, gifts, grants paid | $199,500 |
| Total expenses and disbursements | $222,951 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $1,515,036 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,515,036 |
| 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 Mcdaniel Family Foundation has awarded $199,500 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
THE BUGLE BOY FOUNDATION PURPOSE: DONATION | $11,000 |
TX STATE FIDDLERS FROLICS PURPOSE: DONATION | $10,000 |
UNITED METHODIST RETIREMENT COMM PURPOSE: DONATION | $1,000 |
FREE WHEELCHAIR MISSION PURPOSE: DONATION | $75,000 |
OPERATION OPEN WATER PURPOSE: DONATION | $90,000 |
HEROES AND HORSES PURPOSE: DONATION | $2,500 |