BETA

MCFADIN FOUNDATION: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
MCFADIN FOUNDATION (EIN 74-2834099)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-09-06
IRS object ID
202442509349100309
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)
Return2024-09-06T13:07:04-04:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN742636878PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1GILLIAM & ASSOCIATES PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line111010 COACHLIGHT ST SUITE 200AddressLine1Txt
CitySAN ANTONIOCityNm
State AbbreviationTXStateAbbreviationCd
ZIP782163929ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN742834099EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MCFADIN FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlMCFABusinessNameControlTxt
Phone2108283573PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11250 NE LOOP 410 SUITE 400AddressLine1Txt
CitySAN ANTONIOCityNm
State AbbreviationTXStateAbbreviationCd
ZIP78209ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonNICK MCFADIN IIIPersonNm
Person TitleVICE PRESIDENTPersonTitleTxt
Phone2108283573PhoneNum
Signature2024-09-06SignatureDt
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrfalseIRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLANCE A GILLIAM CPAPreparerPersonNm
PTINP00785462PTIN
Phone2109797055PhoneNum
Preparation2024-09-05PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-08-08 14:25:15ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,498,841FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$20,000ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$286InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$286InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$286InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$45,788DividendsRevAndExpnssAmt
Dividends Net Invst Incm$45,788DividendsNetInvstIncmAmt
Dividends Adj Net Incm$45,788DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$7,287NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$8,589GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$2,461CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$73,361TotalRevAndExpnssAmt
Total Net Invst Incm$48,535TotalNetInvstIncmAmt
Total Adj Net Incm$46,074TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$1,225AccountingFeesRevAndExpnssAmt
Other Prof Fees Rev And Expnss$130OtherProfFeesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$1,355TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$75,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$75,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$76,355TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$75,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$2,994ExcessRevenueOverExpensesAmt
Net Investment Income$48,535NetInvestmentIncomeAmt
Adjusted Net Income$46,074AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Corporate Stock BOY$501,887CorporateStockBOYAmt
Corporate Stock EOY$500,585CorporateStockEOYAmt
Corporate Stock EOYFMV$1,498,841CorporateStockEOYFMVAmt
Total Assets BOY$501,887TotalAssetsBOYAmt
Total Assets EOY$500,585TotalAssetsEOYAmt
Total Assets EOYFMV$1,498,841TotalAssetsEOYFMVAmt
Accounts Payable BOY$5,934AccountsPayableBOYAmt
Accounts Payable EOY$8,076AccountsPayableEOYAmt
Total Liabilities BOY$5,934TotalLiabilitiesBOYAmt
Total Liabilities EOY$8,076TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$495,953NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$492,509NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$495,953TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$492,509TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$501,887TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$500,585TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$495,953TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$2,994ExcessRevenueOverExpensesAmt
Subtotal$492,959SubtotalAmt
Other Decreases$450OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$492,509TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

FieldValueIRS element (for citing)
Capital Gain Net Income$2,461CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$675InvestmentIncomeExciseTaxAmt
Subtotal$675SubtotalAmt
Tax Based On Investment Income$675TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$3EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$3TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$24EsPenaltyAmt
Tax Due$696TaxDueAmt

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
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressMCFADINFOUNDATION.ORGWebsiteAddressTxt
Individual With BooksNICK MCFADIN IIIIndividualWithBooksNm
Phone2108283573PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line11250 NE LOOP 410 400AddressLine1Txt
CitySAN ANTONIOCityNm
State AbbreviationTXStateAbbreviationCd
ZIP78209ZIPCd
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 (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
NICK MCFADIN III
1250 NE LOOP 410 400SAN ANTONIOTX78209VICE PRESIDE000.00$0$0$0
TERRY MCFADIN
1250 NE LOOP 410 400SAN ANTONIOTX78209PRESIDENT000.00$0$0$0
ROBERT A GILLIAM
11010 COACHLIGHT ST STE 200SAN ANTONIOTX78216SECRETARY000.00$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$1,525,444AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$107,418AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,632,862TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$1,632,862AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$24,493CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,608,369NetVlNoncharitableAssetsAmt
Minimum Investment Return$80,418MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$80,418MinimumInvestmentReturnAmt
Tax Based On Investment Income$675TaxBasedOnInvestmentIncomeAmt
Total Tax$675TotalTaxAmt
Distributable Before Adj$79,743DistributableBeforeAdjAmt
Distributable Before Ded$79,743DistributableBeforeDedAmt
Distributable As Adjusted$79,743DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$75,000ExpensesAndContributionsAmt
Qualifying Distributions$75,000QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$79,743DistributableAsAdjustedAmt
Undistributed Income PY$57,132UndistributedIncomePYAmt
Qualifying Distributions$75,000QualifyingDistributionsAmt
Applied To Year1$57,132AppliedToYear1Amt
Applied To Current Year$17,868AppliedToCurrentYearAmt
Undistributed Income CY$61,875UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (10 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
CANCER THERAPY AND RESEARCH
7979 WURZBACH RD 600SAN ANTONIOTX78229NONEPUBLICUNRESTRICTED$15,000
UT HEALTH SCIENCE CENTER
1700 FANNIN 1707HOUSTONTX77030NONEPUBLICUNRESTRICTED$15,000
MD ANDERSON HOSPITAL
1515 HOLCOMBE BLVDHOUSTONTX77030NONEPUBLICUNRESTRICTED$16,000
ST JUDE'S RANCH FOR CHILDREN
1400 RIVER CREEK LANEBULVERDETX78163NONEPUBLICUNRESTRICTED$2,000
SAN ANTONIO ACADEMY
117 EAST FRENCH PLACESAN ANTONIOTX78212NONEPUBLICUNRESTRICTED$1,500
SAN ANTONIO SPORTS FOUNDATION
PO BOX 830386SAN ANTONIOTX782830386NONEPUBLICUNRESTRICTED$10,000
HILLSDALE COLLEGE
33 E COLLEGEHILLSDALEMI49242NONEPUBLICUNRESTRICTED$1,500
DR SEMMES FAMILY YMCA
3233 N ST MARYS STSAN ANTONIOTX78212NONEPUBLICUNRESTRICTED$1,500
THE CHILDREN'S SHELTER
3939 W WOODLAWNSAN ANTONIOTX78228NONEPUBLICUNRESTRICTED$2,500
SUPPORT FOR LIFE FOUNDATION
2 GRAND TERRACESAN ANTONIOTX78257NONEPUBLICUNRESTRICTED$10,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$75,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$286RelatedOrExemptFunctionIncmAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$45,788RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$7,287RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$53,361RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$53,361TotalIncomeProducingActyAmt

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

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryTAX PREPARATION AND WEB COST EXPCategoryTxt
Amt$1,225Amt

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp

FieldValueIRS element (for citing)
AssetVM WARE INCAssetDesc
Acquired2007-09AcquiredDt
How AcquiredPURCHASEHowAcquiredTxt
Sold2023-11SoldDt
Gross Sales Price$6,128GrossSalesPriceAmt
Basis$1,302BasisAmt
Total Net$4,826TotalNetAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (18 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
300 SHSALTRIA GROUP INC$9,419$12,102
1000 SHS ARES CAPITAL GROUP$17,320$20,030
300 SHS COMCAST$15,537$26,310
2500 SHS CONAGRA FOODS INC$57,836$71,650
1000 SHS CULLEN FROST BANKERS$74,200$108,490
55 SHS DELL TECHNOLOGIES$1,294$8,698
138 SHS DUKE ENERGY CORP NEW$8,936$13,392
800 SHS FORD MOTOR CO$11,209$9,752
800 SHS GARMIN LTD NEW$33,136$102,832
10772 SHS INTL GAME TECHNOLOGY$39,337$53,696
5000 SHS JOHN HANCOCK TAX AD FD$90,100$94,850
192 SHS KINDER MORGAN$6,565$3,387
833 SHS LAMB & WESTON HOLDIINGS$17,052$90,039
450 SHS NATIONAL PRESTO INDS INC$32,553$36,126
30314 SHS SOUTHWEST AIRLINES CO$12,068$586,668
988 SHS ANDEAVOR CORP$44,154$238,415
1570 SHS TAKEDO PHARM CO.$29,869$22,404
43 VM WARE

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescFEDERAL TAXESDesc
Amt$450Amt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryMISCELLEANEOUS FEESCategoryTxt
Amt$130Amt

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.