THE MCCLARTY FAMILY FOUNDATION: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
THE MCCLARTY FAMILY FOUNDATION (EIN 46-1552986)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-10-31
IRS object ID
202423059349100907
Schema version
2023v5.1
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)
Return2024-10-31T09:17:46-05:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Foundation SourceBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line13333 New Hyde Park Rd Ste 406AddressLine1Txt
CityNew Hyde ParkCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11042ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN461552986EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1The McClarty Family FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% Foundation SourceInCareOfNm
Business Name ControlMCCLBusinessNameControlTxt
Phone8008391754PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1Foundation Source 501 Silverside RdAddressLine1Txt
CityWilmingtonCityNm
State AbbreviationDEStateAbbreviationCd
ZIP198091377ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
Personsarah mcclartyPersonNm
Person Titlevice presidentPersonTitleTxt
Phone8008391754PhoneNum
Signature2024-10-24SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJeffrey D HaskellPreparerPersonNm
PTINP01345770PTIN
Phone8008391754PhoneNum
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$662,817FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$0ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$139InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$139InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$18,085DividendsRevAndExpnssAmt
Dividends Net Invst Incm$18,085DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$3,878NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$16,867GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$3,878CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$22,102TotalRevAndExpnssAmt
Total Net Invst Incm$22,102TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Other Prof Fees Rev And Expnss$6,258OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$6,258OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$215TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$7,675OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$7,675OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$14,148TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$6,258TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$7,675TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$45,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$45,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$59,148TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$6,258TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$52,675TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$37,046ExcessRevenueOverExpensesAmt
Net Investment Income$15,844NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$42,338SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$18,280SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$18,280SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$551,794CorporateStockBOYAmt
Corporate Stock EOY$538,806CorporateStockEOYAmt
Corporate Stock EOYFMV$644,537CorporateStockEOYFMVAmt
Total Assets BOY$594,132TotalAssetsBOYAmt
Total Assets EOY$557,086TotalAssetsEOYAmt
Total Assets EOYFMV$662,817TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$594,132RetainedEarningBOYAmt
Retained Earning EOY$557,086RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$594,132TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$557,086TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$594,132TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$557,086TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$594,132TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$37,046ExcessRevenueOverExpensesAmt
Subtotal$557,086SubtotalAmt
Tot Net Ast Or Fund Balances EOY$557,086TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyPublicly-traded SecuritiesPropertyDesc
Gross Sales Price$16,867GrossSalesPriceAmt
Cost Or Other Basis$12,989CostOrOtherBasisAmt
Gain Or Loss$3,878GainOrLossAmt
Gains Minus Excess Or Losses$3,878GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$3,878CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$220InvestmentIncomeExciseTaxAmt
Subtotal$220SubtotalAmt
Tax Based On Investment Income$220TaxBasedOnInvestmentIncomeAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Extsn Request Income Tax Paid$300ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits$300TotalPaymentsAndCreditsAmt
Overpayment$80OverpaymentAmt
Applied To ES Tax$80AppliedToESTaxAmt

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 StateDEOrgReportOrRegisterStateCd
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

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1Foundation SourceBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8008391754PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line155 WALLS DRIVE FL 3AddressLine1Txt
CityFairfieldCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06824ZIPCd
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
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
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 (6 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
Chelsea Ketelsen
FOUNDATION SOURCE 501 SILVERSIDE RDwilmingtonDE198091377Dir, VP1.0$0$0$0
Drew Ketelsen
FOUNDATION SOURCE 501 SILVERSIDE RDwilmingtonDE198091377VP1.0$0$0$0
Deborah McClarty
FOUNDATION SOURCE 501 SILVERSIDE RDwilmingtonDE198091377Dir, VP1.0$0$0$0
Harold McClarty
FOUNDATION SOURCE 501 SILVERSIDE RDwilmingtonDE198091377Pres, Dir, Sec1.0$0$0$0
Jonathan McClarty
FOUNDATION SOURCE 501 SILVERSIDE RDwilmingtonDE198091377Dir, VP1.0$0$0$0
Sarah McClarty
FOUNDATION SOURCE 501 SILVERSIDE RDwilmingtonDE198091377VP, Dir1.0$0$0$0
FieldValueIRS element (for citing)
Summary Of Direct Chrtbl ActySummaryOfDirectChrtblActyGrp
Sum Of Program Related InvstSumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$621,080AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$24,943AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$646,023TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$646,023AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$9,690CashDeemedCharitableAmt
Net Vl Noncharitable Assets$636,333NetVlNoncharitableAssetsAmt
Minimum Investment Return$31,817MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$31,817MinimumInvestmentReturnAmt
Tax Based On Investment Income$220TaxBasedOnInvestmentIncomeAmt
Total Tax$220TotalTaxAmt
Distributable Before Adj$31,597DistributableBeforeAdjAmt
Distributable Before Ded$31,597DistributableBeforeDedAmt
Distributable As Adjusted$31,597DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$52,675ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$52,675QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$31,597DistributableAsAdjustedAmt
Prior Year12021PriorYear1Yr
Prior Year22020PriorYear2Yr
Prior Year32019PriorYear3Yr
Excess Distribution Cyov Yr5$115,794ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$88,375ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$66,058ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$24,279ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$11,478ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$305,984TotalExcessDistributionCyovAmt
Qualifying Distributions$52,675QualifyingDistributionsAmt
Applied To Current Year$31,597AppliedToCurrentYearAmt
Remaining Distri From Corpus$21,078RemainingDistriFromCorpusAmt
Total Corpus$327,062TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$115,794ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$211,268ExcessDistriCyovToNextYrAmt
Excess From Year4$88,375ExcessFromYear4Amt
Excess From Year3$66,058ExcessFromYear3Amt
Excess From Year2$24,279ExcessFromYear2Amt
Excess From Year1$11,478ExcessFromYear1Amt
Excess From Current Year$21,078ExcessFromCurrentYearAmt
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerDeborah McClartyContributingManagerNm
Contributing ManagerHarold McClartyContributingManagerNm
Contributing ManagerJonathan McClartyContributingManagerNm
Contributing ManagerSarah McClartyContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (5 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
CALIFORNIA FARMWORKER FOUNDATION
1120 KENSINGTON STDELANOCA93215N/APCCharitable Event$5,000
CENTRAL CALIFORNIA FOOD BANK
4010 E AMENDOLA DRFRESNOCA93725N/APCCharitable Event$10,000
COMMUNITY HOSPITAL - CENTRAL CALIFORNIA FOUNDATION
1560 E SHAW AVE STE 106FRESNOCA93710N/APCBuild with Bob - Neuroscience Institute$10,000
COMMUNITY HOSPITAL - CENTRAL CALIFORNIA FOUNDATION
1560 E SHAW AVE STE 106FRESNOCA93710N/APCFive 4 Five$5,000
STATE CENTER COMMUNITY COLLEGE DISTRICT
1171 FULTON STFRESNOCA93721N/AGOVNaming of 10 Orchestra seats at the Reedley college performing arts center$15,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$45,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

FieldValueIRS element (for citing)
Fees Contracts From Govt AgFeesContractsFromGovtAgGrp
Membership Dues And AssmntMembershipDuesAndAssmntGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$139ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$18,085ExclusionAmt
FieldValueIRS element (for citing)
Net Rntl Incm Re Debt Fincd PropNetRntlIncmReDebtFincdPropGrp
Net Rntl Incm Re Not Debt Fincd PropNetRntlIncmReNotDebtFincdProp
Net Rental Income Personal PropNetRentalIncomePersonalPropGrp
Other Investment IncomeOtherInvestmentIncomeGrp

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$3,878ExclusionAmt
FieldValueIRS element (for citing)
Net Income Loss From Special EvtNetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of InvntryGrossProfitLossSlsOfInvntryGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$22,102ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$22,102TotalIncomeProducingActyAmt

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

Depreciation Schedule DepreciationSchedule

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (7 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
ISHARES BARCLAYS 0-5 YR TIPS$106,346$107,956
PIMCO ALL ASSET FUND INSTITUTI$61,272$60,530
PIMCO LOW DURATION INSTL$116,357$108,642
VANGUARD FTSE DEVELOPED MARKET$110,875$136,707
VANGUARD FTSE EMERGING MARKETS$39,819$38,922
VANGUARD LG-CAP ETF$93,628$173,647
VANGUARD SM-CAP ETF$10,509$18,133

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Administrative Fees$7,650$7,650
State or Local Filing Fees$25$25

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryInvestment Management ServicesCategoryTxt
Amt$6,258Amt
Net Investment Income$6,258NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
Category990-PF Excise Tax for 2022CategoryTxt
Amt$215Amt

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