Macgregor Area Community Development Corp
Macgregor Area Community Development Corp is a private foundation, based in HOUSTON, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.5M in total assets. In 2024, it awarded 1 grants totaling $10K. Net investment income was $49K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.5M
+0.2% YoY
Annual Giving
$10K
-95.0% YoY
Grant Count
1
-50.0% YoY
Avg Grant Size
$10K
-90.0% YoY
Under IRS private-foundation payout rules, Macgregor Area Community Development Corp reported a distributable amount of $7K for 2024 — the minimum it must pay out in qualifying distributions.
About Macgregor Area Community Development Corp
Based on IRS filings
Macgregor Area Community Development Corp is a private foundation, based in HOUSTON, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.5M in total assets. In 2024, it awarded 1 grants totaling $10K. Net investment income was $49K.
Ready to take the next step with Macgregor Area Community Development Corp?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,481,915 | $2,476,140 | $2,726,118 |
| Revenue | $48,673 | $235,418 | $-21,488 |
| Expenses | $42,899 | $230,713 | $46,445 |
| Qualifying Distributions | $26,450 | $207,337 | $14,791 |
| Net Investment Income | $48,673 | $42,848 | $1,765 |
| Distributable Amount | $6,801 | — | $7,388 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
3 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Dillad University ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| DILLAD UNIVERSITY NEW ORLEANS, LA | EDUCATION | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JAMES J SMITH | PRESIDENT | 6 | — |
| PEGGY ENGRIM | V PRESIDENT | 6 | — |
| CRAIG CASSEL | TREASURER | 6 | — |
Frequently Asked Questions
How large is Macgregor Area Community Development Corp?
As of 2024, Macgregor Area Community Development Corp holds $2.5M in total assets with $49K in annual revenue. It awarded 1 grants totaling $10K in 2024.
Where does Macgregor Area Community Development Corp operate?
Macgregor Area Community Development Corp has awarded grants in Louisiana, Texas.
What size grants does Macgregor Area Community Development Corp award?
In 2024, Macgregor Area Community Development Corp awarded 1 grants totaling $10K — an average of about $10K per grant, based on its IRS Form 990 filings.
How much is Macgregor Area Community Development Corp required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Macgregor Area Community Development Corp reported a distributable amount of $7K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Macgregor Area Community Development Corp's EIN?
Macgregor Area Community Development Corp's EIN (Employer Identification Number) is 76-0387916. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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