MICHAEL J AND VICKI L MCCLELLAND FAMILY FOUNDATION: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
MICHAEL J AND VICKI L MCCLELLAND FAMILY FOUNDATION (EIN 35-2093969)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-05-14
IRS object ID
202441359349104709
Schema version
2023v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-05-14T15:38:44-04:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN562226954PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1LADD MCCALL & ASSOCIATES CPAS PABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 3185 - 532 WILLIAMSON ROADAddressLine1Txt
CityMOORESVILLECityNm
State AbbreviationNCStateAbbreviationCd
ZIP28117ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN352093969EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MICHAEL J & VICKI L MCCLELLANDBusinessNameLine1Txt
Business Name Line2FAMILY FOUNDATIONBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlMICHBusinessNameControlTxt
Phone8647101771PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13 STEAM GUN PLACEAddressLine1Txt
CityHILTON HEADCityNm
State AbbreviationSCStateAbbreviationCd
ZIP29928ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMICHAEL J MCCLELLANDPersonNm
Person TitleTRUSTEEPersonTitleTxt
Phone8647101771PhoneNum
Signature2024-05-07SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstMICHAELPersonFirstNm
Person LastMCCLELLANDPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonW KELLY HILLPreparerPersonNm
PTINP00632275PTIN
Phone7046647201PhoneNum
Preparation2024-05-07PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$2,747FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$11,079DividendsRevAndExpnssAmt
Dividends Net Invst Incm$11,079DividendsNetInvstIncmAmt
Dividends Adj Net Incm$11,079DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$15,091NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$16,157GrossSalesPriceAmt
Total Rev And Expnss$26,170TotalRevAndExpnssAmt
Total Net Invst Incm$11,079TotalNetInvstIncmAmt
Total Adj Net Incm$11,079TotalAdjNetIncmAmt
Other Prof Fees Rev And Expnss$804OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$104OtherProfFeesNetInvstIncmAmt
Other Prof Fees Dsbrs Chrtbl$700OtherProfFeesDsbrsChrtblAmt
Taxes Rev And Expnss$339TaxesRevAndExpnssAmt
Taxes Net Invst Incm$222TaxesNetInvstIncmAmt
Taxes Dsbrs Chrtbl$117TaxesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$1,143TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$326TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$817TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$22,500ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$22,500ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$23,643TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$326TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$23,317TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$2,527ExcessRevenueOverExpensesAmt
Net Investment Income$10,753NetInvestmentIncomeAmt
Adjusted Net Income$11,079AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$3,142CashBOYAmt
Cash EOY$2,747CashEOYAmt
Cash EOYFMV$2,747CashEOYFMVAmt
Corporate Stock BOY$317,348CorporateStockBOYAmt
Corporate Stock EOY$320,270CorporateStockEOYAmt
Total Assets BOY$320,490TotalAssetsBOYAmt
Total Assets EOY$323,017TotalAssetsEOYAmt
Total Assets EOYFMV$2,747TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$320,490CapitalStockBOYAmt
Capital Stock EOY$323,017CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$320,490TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$323,017TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$320,490TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$323,017TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$320,490TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$2,527ExcessRevenueOverExpensesAmt
Subtotal$323,017SubtotalAmt
Tot Net Ast Or Fund Balances EOY$323,017TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$149InvestmentIncomeExciseTaxAmt
Subtotal$149SubtotalAmt
Tax Based On Investment Income$149TaxBasedOnInvestmentIncomeAmt
Tax Due$149TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateSCOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenfalseForm990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1VALEO FINANCIAL ADVISORSBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3175734699PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1630 W CARMEL DRIVE STE 130AddressLine1Txt
CityCARMELCityNm
State AbbreviationINStateAbbreviationCd
ZIP460322513ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
MICHAEL J MCCLELLAND
3 STEAM GUN PLACEHILTON HEAD ISLANDSC29928TRUSTEE000.00$0$0$0
VICKI L MCCLELLAND
3 STEAM GUN PLACEHILTON HEAD ISLANDSC29928TRUSTEE000.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$0AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$0TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$0AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$0CashDeemedCharitableAmt
Net Vl Noncharitable Assets$0NetVlNoncharitableAssetsAmt
Minimum Investment Return$0MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Tax Based On Investment Income$149TaxBasedOnInvestmentIncomeAmt
Total Tax$149TotalTaxAmt
Distributable As Adjusted$0DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$23,317ExpensesAndContributionsAmt
Qualifying Distributions$23,317QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$0DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$19,113ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$17,825ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$18,920ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$21,917ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$27,700ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$105,475TotalExcessDistributionCyovAmt
Qualifying Distributions$23,317QualifyingDistributionsAmt
Remaining Distri From Corpus$23,317RemainingDistriFromCorpusAmt
Total Corpus$128,792TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$19,113ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$109,679ExcessDistriCyovToNextYrAmt
Excess From Year4$17,825ExcessFromYear4Amt
Excess From Year3$18,920ExcessFromYear3Amt
Excess From Year2$21,917ExcessFromYear2Amt
Excess From Year1$27,700ExcessFromYear1Amt
Excess From Current Year$23,317ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (14 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
NORTH CAROLINA LIONS FOUNDATION
PO BOX 39SHERRILLS FORDNC28673PUBLICEXEMPT PURPOSE$2,500
KOKOMO SCHOOLS EDUCATION FOUNDATION
1500 S WASHINGTON STKOKOMAIN469042188PUBLICEXEMPT PURPOSE$4,500
DOVE HOUSE CHILDRENS ADVOCACY CTR
PO BOX 825STATESVILLENC28687PUBLICEXEMPT PURPOSE$750
ST ANDREWS BY THE SEA UMC
20 POPE AVENUEHILTON HEADSC29928PUBLICEXEMPT PURPOSE$1,000
THE MICHAEL J FOX FOUNDATION
PO BOX 4777NEW YORKNY101634777PUBLICEXEMPT PURPOSE$750
MEMORY MATTERS HILTON HEAD
117 WM HILTON PARKWAYHILTON HEAD ISLANDSC29925PUBLICEXEMPT PURPOSE$2,000
HOPE OF MOORESVILLE
384 N BROAD STMOORESVILLENC28115PUBLICEXEMPT$750
EVANGELICAL UNITED CHURCH OF CHRIST
802 10TH STREETTELL CITYIN475862118PUBLICEXEMPT$2,000
HILTON HEAD ISLAND CONCOURS
PO BOX 21733HILTON HEAD ISLANDSC29925PUBLICEXEMPT$2,500
AUBURN CORD DUESENBUERG MUSEUM
1600 S WAYNE STREETAUBURNIN46706PUBLICEXEMPT$2,000
NEIGHBORHOOD OUTREACH CONNECTION
PO BOX 23558HILTON HEADSC29925PUBLICEXEMPT$1,500
SAMARITAN'S FEET INTERNATIONAL
4808 CHESAPEAKE DRIVECHARLOTTENC28215PUBLICEXEMPT$750
CUB SCOUT PACK 173
4815 STATE HWY 49HARRISBURGNC28075PUBLICEXEMPT$750
BOY SCOUTS OF AMERICA 173
4815 STATE HWY 49HARRISBURGNC28075PUBLICEXEMPT$750
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$22,500TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$11,079RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$15,091RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$26,170RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$26,170TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Expln Of Non Filing With AG Stmt ExplnOfNonFilingWithAGStmt

FieldValueIRS element (for citing)
ExplanationTHE FOUNDATION IS EXEMPT FROM FILING UNDER SC CODE ANN 33-56-50.ExplanationTxt

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp

FieldValueIRS element (for citing)
Asset69 SHRS DANAHER CORPORATION COMAssetDesc
Acquired2003-11AcquiredDt
How AcquiredPURCHASEHowAcquiredTxt
Sold2023-07SoldDt
Gross Sales Price$16,157GrossSalesPriceAmt
Basis$1,066BasisAmt
Total Net$15,091TotalNetAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockFIDELITY BROKERAGE SERVICESStockNm
EOY Book Value$320,270EOYBookValueAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
FIDELITY INVESTMENT FEES$104$104
TAX PREPARATION FEES$700$700

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmtNet Investment IncomeNetInvestmentIncomeAmt
EXCISE TAX$117$117
FIDELITY FOREIGN TAX$222$222

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