Mclain Foundation Us
- Assets
- $25.2m
- Revenue
- $4.5m
- Investments
- $24.3m
- Employees
- 0
- Location
- Tarrytown, NY
- Founding
- 03/2011
- Data as of
- 12/2022
- EIN
- 98-0685900
Organization Overview
Mclain Foundation Us is located in Tarrytown, NY. The organization was established in 2011. 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. Mclain Foundation Us 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, Mclain Foundation Us generated $4.5m 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 (4.7%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Mclain Foundation Us has awarded 66 individual grants totaling $6,243,131. 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 |
|---|---|---|---|
B Hardy Mclain President | 0 | $0 | |
Helle Mclain Secretary | 0 | $0 | |
Ian Terry Trustee | 0 | $0 | |
Carina Mclain Trustee | 0 | $0 | |
Cameron Mclain Trustee | 0 | $0 | |
Chelsea Mclain Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,147,878 |
| Interest on Savings | $0 |
| Dividends & Interest | $414,156 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$120,349 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $98,887 |
| Total Revenue | $4,540,572 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,551 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $179,356 |
| Total operating and administrative expenses | $254,880 |
| Contributions, gifts, grants paid | $1,248,274 |
| Total expenses and disbursements | $1,503,154 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $656,713 |
| 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 | $24,293,982 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $238,790 |
| Total assets | $25,189,485 |
| 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, Mclain Foundation Us has awarded $2,496,548 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
DONMAR WAREHOUSE PURPOSE: ARTS | $79,167 |
BARNARDO'S PURPOSE: SOCIAL | $12,071 |
HARROW CLUB PURPOSE: SOCIAL | $6,044 |
JUMBY BAY FUND PURPOSE: EDUCATIONAL | $10,000 |
LIGER CHARITABLE FOUNDATION PURPOSE: EDUCATION | $20,000 |
MIDDLE EAST CHILDREN'S ALLIANCE PURPOSE: SOCIAL | $20,000 |