EVELYN V MCPHERSON FOUNDATION INC: Form 990PF, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- EVELYN V MCPHERSON FOUNDATION INC (EIN 41-2061167)
- Tax period
- 2021-01-01 to 2021-12-31
- Filed
- 2023-02-15
- IRS object ID
- 202320469349101412
- Schema version
- 2021v4.2
- 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
- Form 990-PF
- Accounting Fees Schedule
- Expln Of Non Filing With AG Stmt
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Legal Fees Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-02-15T16:41:01-06:00 | ReturnTs |
| Tax Period End | 2021-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 263968745 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Walton Rahal CPAs | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2101 NW Boca Raton Blvd Ste 5 | AddressLine1Txt |
| City | Boca Raton | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 334317498 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2021-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 412061167 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Evelyn V McPherson Foundation Inc | BusinessNameLine1Txt |
| Business Name Line2 | John J Raymond Jr President | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | EVEL | BusinessNameControlTxt |
| Phone | 5616598660 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 251 Royal Palm Way Suite 215 | AddressLine1Txt |
| City | Palm Beach | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33480 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | R Keith Walton CPA | PersonNm |
| Person Title | Treasurer | PersonTitleTxt |
| Phone | 5616598660 | PhoneNum |
| Signature | 2023-02-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | R | PersonFirstNm |
| Person Last | Keith Walton CPA | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Matthew L Rahal CPA | PreparerPersonNm |
| PTIN | P01685089 | PTIN |
| Phone | 5613956653 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2023-03-07 01:45:13Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $5,593,339 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Dividends Rev And Expnss | $106,742 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $106,742 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $819,392 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $1,373,278 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $819,392 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $47,350 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $47,350 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $973,484 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $973,484 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $17,863 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $13,398 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $4,465 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $6,000 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $4,500 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $1,500 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $21,915 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $21,915 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Interest Rev And Expnss | $9,473 | InterestRevAndExpnssAmt |
| Interest Net Invst Incm | $9,473 | InterestNetInvstIncmAmt |
| Interest Dsbrs Chrtbl | $0 | InterestDsbrsChrtblAmt |
| Taxes Rev And Expnss | $69 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $69 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Occupancy Rev And Expnss | $11,256 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $0 | OccupancyNetInvstIncmAmt |
| Occupancy Dsbrs Chrtbl | $11,256 | OccupancyDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $128 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $128 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $66,704 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $49,355 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $17,349 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $179,790 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $179,790 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $246,494 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $49,355 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $197,139 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $726,990 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $924,129 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $68,325 | CashBOYAmt |
| Cash EOY | $64,904 | CashEOYAmt |
| Cash EOYFMV | $64,904 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $330,377 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $233,249 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $233,249 | SavAndTempCashInvstEOYFMVAmt |
| Prepaid Expenses BOY | $4,918 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $4,483 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $4,483 | PrepaidExpensesEOYFMVAmt |
| Corporate Stock BOY | $478,015 | CorporateStockBOYAmt |
| Corporate Stock EOY | $808,998 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $980,930 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $706,999 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $831,940 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $849,013 | CorporateBondsEOYFMVAmt |
| Invst Land Cost Or Other Basis | $200,000 | InvstLandCostOrOtherBasisAmt |
| Invst Land Accum Depreciation | $200,000 | InvstLandAccumDepreciationAmt |
| Mortgage Loans BOY | $3,201,041 | MortgageLoansBOYAmt |
| Mortgage Loans EOY | $2,976,443 | MortgageLoansEOYAmt |
| Mortgage Loans EOYFMV | $2,976,443 | MortgageLoansEOYFMVAmt |
| Other Investments BOY | $496,995 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $484,317 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $484,317 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $5,286,670 | TotalAssetsBOYAmt |
| Total Assets EOY | $5,404,334 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $5,593,339 | TotalAssetsEOYFMVAmt |
| Other Liabilities BOY | $1,439,920 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $654,794 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $1,439,920 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $654,794 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $3,846,750 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $4,749,540 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $3,846,750 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $4,749,540 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $5,286,670 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $5,404,334 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $3,846,750 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $726,990 | ExcessRevenueOverExpensesAmt |
| Other Increases | $201,635 | OtherIncreasesAmt |
| Subtotal | $4,775,375 | SubtotalAmt |
| Other Decreases | $25,835 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $4,749,540 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (35 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| 522 Laurel Lane, Newland, NC 28657 | P | 2011-05-12 | 2021-06-08 | $270,000 | $301,534 | -$31,534 | -$31,534 |
| 1 shs GSE Bonds AntiTrust Litigation | 2001-01-01 | 2021-09-27 | $47 | $25 | $22 | $22 | |
| 9 shs Amgen Inc | 2000-12-31 | 2021-11-19 | $1,846 | $2,176 | -$330 | -$330 | |
| 41 shs Booz Allen Hamilton Holdings | 2000-12-31 | 2021-02-16 | $3,338 | $3,238 | $100 | $100 | |
| 26 shs Booz Allen Hamilton Holdings | 2000-12-31 | 2021-05-14 | $2,156 | $2,053 | $103 | $103 | |
| 6 shs Bristol-Myers Squibb Co | 2000-12-31 | 2021-10-14 | $347 | $358 | -$11 | -$11 | |
| 63 shs Bristol-Myers Squibb Co | 2000-12-31 | 2021-10-14 | $3,639 | $3,764 | -$125 | -$125 | |
| 19 shs Dollar General Corp | 2000-12-31 | 2021-05-14 | $3,910 | $3,938 | -$28 | -$28 | |
| 24 shs Eversource Energy | 2000-12-31 | 2021-11-19 | $2,007 | $2,163 | -$156 | -$156 | |
| 37 shs FMC Corporation New | 2000-12-31 | 2021-08-17 | $3,368 | $4,016 | -$648 | -$648 | |
| 6 shs Home Depot Inc Com | 2000-12-31 | 2021-11-19 | $2,453 | $1,634 | $819 | $819 | |
| 8 shs Honeywell Intl Inc | 2000-12-31 | 2021-01-12 | $1,663 | $1,263 | $400 | $400 | |
| 8 shs Honeywell Intl Inc | 2000-12-31 | 2021-02-16 | $1,623 | $1,263 | $360 | $360 | |
| 14 shs Honeywell Intl Inc | 2000-12-31 | 2021-05-14 | $3,161 | $2,210 | $951 | $951 | |
| 18 shs Honeywell Intl Inc | 2000-12-31 | 2021-09-16 | $3,953 | $2,842 | $1,111 | $1,111 | |
| 5 shs Lockheed Martin Corp | 2000-12-31 | 2021-08-17 | $1,796 | $1,908 | -$112 | -$112 | |
| 23 shs Merck & Co Inc | 2000-12-31 | 2021-02-16 | $1,708 | $1,842 | -$134 | -$134 | |
| 8 shs Microsoft Corp | 2000-12-31 | 2021-08-17 | $2,340 | $1,658 | $682 | $682 | |
| 0.4 shs Organon & Co | 2000-12-31 | 2021-06-11 | $12 | $15 | -$3 | -$3 | |
| 5 shs Organon & Co | 2000-12-31 | 2021-06-15 | $154 | $189 | -$35 | -$35 | |
| 13 shs Pepsico Inc | 2000-12-31 | 2021-02-16 | $1,748 | $1,787 | -$39 | -$39 | |
| 100000 shs Pepsico Inc Ser Unsec | 2015-04-08 | 2021-08-25 | $100,000 | $105,372 | -$5,372 | -$5,372 | |
| 64 shs Phillips 66 | 2000-12-31 | 2021-11-19 | $4,598 | $3,830 | $768 | $768 | |
| 17 shs Price T Rowe Group Inc | 2000-12-31 | 2021-08-17 | $3,628 | $2,349 | $1,279 | $1,279 | |
| 50000 shs Prudential Financial Inc | 2016-06-29 | 2021-08-30 | $53,991 | $52,335 | $1,656 | $1,656 | |
| 22 shs Wec Energy Group Inc | 2000-12-31 | 2021-02-16 | $1,785 | $2,124 | -$339 | -$339 | |
| 204 RPW, LLC Schedule K-1 - Section 1231 gain | P | $123,215 | $123,215 | $123,215 | |||
| Palm Beach RE, LLC - capital gain | P | $28,500 | $28,500 | $28,500 | |||
| 204 RPW, LLC - liquidation capital gain | P | $115,300 | $115,300 | $115,300 | |||
| Reference LEQ Holdings, LLC | P | $40,000 | $40,000 | $40,000 | |||
| Reference R. Scalesse note receivable | P | $48,000 | -$48,000 | -$48,000 | |||
| Reference sale of Conroy note receivable | P | $493,441 | $493,441 | $493,441 | |||
| Reference E.L. Trust reserve | P | $89,582 | $89,582 | $89,582 | |||
| Reference Hartman | P | $1,000 | $1,000 | $1,000 | |||
| Capital Gains Dividends | P | $6,969 | $6,969 | $6,969 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $819,392 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $12,845 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $12,845 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $12,845 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $4,483 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $4,483 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Tax Due | $8,362 | TaxDueAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | 0 | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Form990 PF Filed With Atty Gen | 0 | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | R Keith Walton CPA | IndividualWithBooksNm |
| Phone | 5613956653 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2101 NW Boca Raton Blvd Ste 5 | AddressLine1Txt |
| City | Boca Raton | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 334317498 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| John J Raymond | ||||||||
| 251 Royal Palm Way Ste 215 | Palm Beach | FL | 33480 | President | 5.00 | $0 | $0 | $0 |
| R Keith Walton | ||||||||
| 2101 NW Boca Raton Blvd Ste 5 | Boca Raton | FL | 33431 | Treasurer | 1.00 | $0 | $0 | $0 |
| Connie McKenzie | ||||||||
| 251 Royal Palm Way Ste 215 | Palm Beach | FL | 33480 | Secretary | 1.00 | $0 | $0 | $0 |
| Beverlee Miller Raymond | ||||||||
| 251 Royal Palm Way Ste 215 | Palm Beach | FL | 33480 | Director | 1.00 | $0 | $0 | $0 |
| Brenda McAdams | ||||||||
| 251 Royal Palm Way Ste 215 | Palm Beach | FL | 33480 | Director | 1.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $4,984,899 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $348,427 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $5,333,326 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $5,333,326 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $80,000 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $5,253,326 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $262,666 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $262,666 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $12,845 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $12,845 | TotalTaxAmt |
| Distributable Before Adj | $249,821 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $249,821 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $249,821 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $197,139 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $197,139 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $249,821 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $241,173 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $164,614 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $217,858 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $4,854 | ExcessDistributionCyovYr2Amt |
| Total Excess Distribution Cyov | $628,499 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $197,139 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $197,139 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $52,682 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $52,682 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $575,817 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $188,491 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $387,326 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $164,614 | ExcessFromYear4Amt |
| Excess From Year3 | $217,858 | ExcessFromYear3Amt |
| Excess From Year2 | $4,854 | ExcessFromYear2Amt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (12 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| Aging Life Care Association | ||||||
| 3275 W Ina Road Suite 130 | Tucson | AZ | 85741 | 501(c)(3) | unrestricted donations | $20,000 |
| Boys and Girl Club of Palm Beach County | ||||||
| 800 Northpoint Parkway Suite 204 | West Palm Beach | FL | 33407 | 501(c)(3) | unrestricted donations | $15,000 |
| Center for Creative Education | ||||||
| 425 24th St | West Palm Beach | FL | 33407 | 501(c)(3) | unrestricted donations | $5,000 |
| Chamber of Music Society of Palm Beach | ||||||
| 125 Worth Avenue Suite 330 | Palm Beach | FL | 33480 | 501(c)(3) | unrestricted donations | $48,500 |
| Extraordrinary Charities | ||||||
| 125 Worth Avenue Suite 330 | Palm Beach | FL | 33480 | 501(c)(3) | unrestricted donations | $10,000 |
| Linville Central Rescue Squad | ||||||
| 1940 Linville Falls Hwy | Newland | NC | 28657 | 501(c)(3) | unrestricted donations | $200 |
| Palm Beach County Bar Association | ||||||
| PO Box 17726 | West Palm Beach | FL | 33416 | 501(c)(3) | unrestricted donations | $600 |
| Pediatric Oncology Support Team | ||||||
| 5325 Greenwood Ave 301 | West Palm Beach | FL | 33407 | 501(c)(3) | unrestricted donations | $1,000 |
| South Shore University Hospital | ||||||
| 301 East Main Street | Bay Shore | NY | 11706 | 501(c)(3) | unrestricted donations | $10,000 |
| The Glades Project | ||||||
| 125 Worth Avenue Suite 330 | Palm Beach | FL | 33480 | 501(c)(3) | unrestricted donations | $44,490 |
| Digital Vibez Inc | ||||||
| 2635 Old Okeechobee Rd | West Palm Beach | FL | 33409 | 501(c)(3) | unrestricted donations | $15,000 |
| Ronald McDonald House of Long Island | ||||||
| 267-07 76th Ave | Queens | NY | 11040 | 501(c)(3) | unrestricted donations | $10,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $179,790 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $106,742 | ExclusionAmt |
Net Rental Income Personal Prop NetRentalIncomePersonalPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business | 532420 | BusinessCd |
Other Investment Income OtherInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $47,350 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $819,392 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $973,484 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $973,484 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Accounting | CategoryTxt |
| Amt | $6,000 | Amt |
| Net Investment Income | $4,500 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $1,500 | DisbursementsCharitablePrpsAmt |
Expln Of Non Filing With AG Stmt ExplnOfNonFilingWithAGStmt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | The Evelyn V. McPherson Foundation, Inc. is not required to file a Florida tax return, Form F-1120, because the foundation did not have "unrelated trade or business taxable income" according to IRC section 512 or not required to file Form 990-T with the IRS. | ExplanationTxt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond | PNC Bank N.A. as nominee - fixed income investment | BondNm |
| EOY Book Value | $831,940 | EOYBookValueAmt |
| EOYFMV | $849,013 | EOYFMVAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | PNC Bank N.A. as nominee - equity investment | StockNm |
| EOY Book Value | $808,998 | EOYBookValueAmt |
| EOYFMV | $980,930 | EOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (2 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| Palm Beach RE LLC | AT COST | $234,317 | $234,317 |
| Zanfed LLC - Investment | AT COST | $250,000 | $250,000 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Legal | CategoryTxt |
| Legal Fees | $17,863 | LegalFeesAmt |
| Net Investment Income | $13,398 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $4,465 | DisbursementsCharitablePrpsAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| Life Insurance Premiums | $25,400 |
| Federal taxes | $435 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Bank fees | Desc |
| Revenue And Expenses Per Books | $128 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $128 | DisbursementsCharitablePrpsAmt |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| Palm Beach RE, LLC - ordinary income | $3,600 | $3,600 | $3,600 |
| Palm Beach RE, LLC - guaranteed payment | $43,750 | $43,750 | $43,750 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| Life insurance cash proceeds | $43,700 |
| Adjustment in Palm Beach RE, LLC capital basis-from Sec. 704(b) to tax basis | $157,935 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail (5 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt |
|---|---|---|
| PNC line of credit | $604,794 | $604,794 |
| Due to ASKK | $493,441 | $0 |
| E.L. Trust reserve | $91,685 | $0 |
| Note in transit | $200,000 | $0 |
| Due to Palm Beach RE LLC | $50,000 | $50,000 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Assets under management fee | CategoryTxt |
| Amt | $21,915 | Amt |
| Net Investment Income | $21,915 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Other taxes | CategoryTxt |
| Amt | $69 | Amt |
| Net Investment Income | $69 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
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