EIN 26-1830477

Mcmahon-Parater Scholarship Foundation

Name: Mcmahon-Parater Scholarship Foundation financials for 2023
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

IRS 501(c) type

501(c)(3)

Num. employees

City

Richmond

State

Virginia

Year formed

2007

Most recent tax filings

2023-06-01

NTEE code, primary

X00: Religion: General

Description

The McMahon-Parater Scholarship Foundation provides financial assistance to Catholic schools within the geographical confines of the Roman Catholic Diocese of Richmond. Funds received are specifically marked for Catholic school tuition assistance for both Catholic and non-Catholic families, in an effort to assist families in reducing their tuition costs and allowing the tuition to be affordable.

Also known as...

Mcmahon-Parater Foundation for Education

Total revenues

$15,894,920

2023

Total expenses

$11,000,815

2023

Total assets

$10,612,071

2023

Num. employees

2023

Program areas at Mcmahon-Parater Scholarship Foundation

Tuition assistance: funds received are specifically marked for catholic school tuition assistance for both catholic and non-catholic families, in an effort to assist the families in reducing their tuition costs and allowing the tuition to be affordable for both non-catholics and catholics.

Who funds Mcmahon-Parater Scholarship Foundation

Grants from foundations and other nonprofits

Grantmaker	Grantmaker tax period	Description	Amount
Dominion Energy Charitable Foundation	2023-12	Employee Giving Matching Gift	$2,097
AmazonSmile Foundation	2022-12	General Support	$113

Personnel at Mcmahon-Parater Scholarship Foundation

Name	Title	Compensation	Date of data
Michael J McGee	Chief Financial Officer	$0	2023-06-30
Margaret Keightley	Executive Director	$0	2023-11-09
Joyce A. Schreiber	Administrative Assistant , Catholic Community Foundation / Director of School Development		2022-02-09
Kelly Lazzara	President	$0	2023-06-30
Kathleen B Barrett	Treasurer	$0	2023-06-30
...and 5 more key personnel

Financials for Mcmahon-Parater Scholarship Foundation

Revenues	FYE 06/2023	FYE 06/2022	% Change
Total grants, contributions, etc.	$15,718,768	$7,299,163	115.4%
Program services	$0	$0	-
Investment income and dividends	$213,829	$44,631	379.1%
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$0	$0	-
Net rental income	$0	$0	-
Net gain from sale of non-inventory assets	$-37,677	$-12,441	-202.8%
Net income from fundraising events	$0	$0	-
Net income from gaming activities	$0	$0	-
Net income from sales of inventory	$0	$0	-
Miscellaneous revenues	$0	$0	-
Total revenues	$15,894,920	$7,331,353	116.8%

Form 990s for Mcmahon-Parater Scholarship Foundation

Fiscal year ending	Date received by IRS	Form	PDF link
2023-06	2023-11-09	990	View PDF
2022-06	2022-11-18	990	View PDF
2021-06	2022-03-16	990	View PDF
2021-06	2022-03-04	990	View PDF
2020-06	2021-04-06	990	View PDF
...and 9 more Form 990s

Organizations like Mcmahon-Parater Scholarship Foundation

Organization	Type	Location	Revenue
1889 - CHS Foundation	501(c)(3)	Johnstown, PA	$12,544,016
SMCM Foundation	501(c)(3)	St Marys City, MD	$7,183,958
University of West Florida Foundation	501(c)(3)	Pensacola, FL	$23,965,993
Southern Oregon University Foundation	501(c)(3)	Ashland, OR	$16,037,601
Illinois Masonic Charities Fund	501(c)(3)	Springfield, IL	$19,402,552
Florida State College at Jacksonville Foundation	501(c)(3)	Jacksonville, FL	$23,366,290
Georgia Goal Scholarship Program (GGSP)	501(c)(3)	Peachtree Corners, GA	$48,534,782
The University of Texas Rio Grande Valley Foundation	501(c)(3)	Mcallen, TX	$4,961,472
Amarillo College	501(c)(3)	Amarillo, TX	$12,503,294
Cleveland State University Foundation	501(c)(3)	Cleveland, OH	$17,075,120

Data update history

January 2, 2024

Posted financials

Added Form 990 for fiscal year 2023

November 25, 2023

Posted financials

Added Form 990 for fiscal year 2022

June 12, 2023

Received grants

Identified 1 new grant, including a grant for $8,000 from Charities Aid Foundation of America

June 8, 2023

Updated personnel

Identified 1 new personnel

February 3, 2023

Posted financials

Added Form 990 for fiscal year 2021

Nonprofit Types

Grantmaking organizationsHeadquarter / parent organizationsCharities

Issues

EducationReligion

Characteristics

ReligiousState / local levelProvides scholarshipsTax deductible donationsNo full-time employeesAccepts online donations

General information

Address: 7800 Carousel LN; Richmond, VA 23294
Metro area: Richmond, VA
County: Henrico County, VA
Website URL: richmonddiocese.org/office/mcmahon-parater-foundation/
Phone: (804) 359-5661

IRS details

EIN: 26-1830477
Fiscal year end: June
Taxreturn type: Form 990
Year formed: 2007
Eligible to receive tax-deductible contributions (Pub 78): Yes

Categorization

NTEE code, primary: X00: Religion: General
NAICS code, primary: 813211: Grantmaking Foundations
Parent/child status: Central organization

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Mcmahon-Parater Scholarship Foundation

Program areas at Mcmahon-Parater Scholarship Foundation

Who funds Mcmahon-Parater Scholarship Foundation

Personnel at Mcmahon-Parater Scholarship Foundation

Financials for Mcmahon-Parater Scholarship Foundation

Form 990s for Mcmahon-Parater Scholarship Foundation

Organizations like Mcmahon-Parater Scholarship Foundation

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