THE MCCLARTY FAMILY FOUNDATION: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
THE MCCLARTY FAMILY FOUNDATION (EIN 46-1552986)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-03-23
IRS object ID
202300829349100015
Schema version
2022v5.0
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)
Return2023-03-23T11:33:14-05:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Jeffrey D HaskellBusinessNameLine1Txt

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 Begin2022-01-01TaxPeriodBeginDt

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
Signature2023-03-16SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstsarahPersonFirstNm
Person LastmcclartyPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJeffrey D HaskellPreparerPersonNm
PTINP01345770PTIN
Phone8008391754PhoneNum

Additional Filer Information AdditionalFilerInformation

FieldValueIRS element (for citing)
Trusted CustomerTrustedCustomerGrp
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$640,214FMVAssetsEOYAmt
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$53InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$53InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$22,296DividendsRevAndExpnssAmt
Dividends Net Invst Incm$22,296DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss-$39NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$168,855GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$22,310TotalRevAndExpnssAmt
Total Net Invst Incm$22,349TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Other Prof Fees Rev And Expnss$6,869OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$6,869OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$255TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$7,525OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$7,525OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$14,649TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$6,869TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$7,525TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$36,900ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$36,900ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$51,549TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$6,869TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$44,425TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$29,239ExcessRevenueOverExpensesAmt
Net Investment Income$15,480NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$23,656SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$42,338SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$42,338SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$599,715CorporateStockBOYAmt
Corporate Stock EOY$551,794CorporateStockEOYAmt
Corporate Stock EOYFMV$597,876CorporateStockEOYFMVAmt
Total Assets BOY$623,371TotalAssetsBOYAmt
Total Assets EOY$594,132TotalAssetsEOYAmt
Total Assets EOYFMV$640,214TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$623,371RetainedEarningBOYAmt
Retained Earning EOY$594,132RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$623,371TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$594,132TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$623,371TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$594,132TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$623,371TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$29,239ExcessRevenueOverExpensesAmt
Subtotal$594,132SubtotalAmt
Tot Net Ast Or Fund Balances EOY$594,132TotNetAstOrFundBalancesEOYAmt

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$168,855GrossSalesPriceAmt
Cost Or Other Basis$168,894CostOrOtherBasisAmt
Gain Or Loss-$39GainOrLossAmt
Gains Minus Excess Or Losses-$39GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income-$39CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$215InvestmentIncomeExciseTaxAmt
Subtotal$215SubtotalAmt
Tax Based On Investment Income$215TaxBasedOnInvestmentIncomeAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Total Payments And Credits$0TotalPaymentsAndCreditsAmt
Tax Due$215TaxDueAmt

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 Line1501 Silverside Road Suite 123AddressLine1Txt
CityWilmingtonCityNm
State AbbreviationDEStateAbbreviationCd
ZIP198091377ZIPCd
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 (5 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
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$649,673AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$23,662AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$673,335TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$673,335AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$10,100CashDeemedCharitableAmt
Net Vl Noncharitable Assets$663,235NetVlNoncharitableAssetsAmt
Minimum Investment Return$33,162MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$33,162MinimumInvestmentReturnAmt
Tax Based On Investment Income$215TaxBasedOnInvestmentIncomeAmt
Total Tax$215TotalTaxAmt
Distributable Before Adj$32,947DistributableBeforeAdjAmt
Distributable Before Ded$32,947DistributableBeforeDedAmt
Distributable As Adjusted$32,947DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$44,425ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$44,425QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$32,947DistributableAsAdjustedAmt
Prior Year12020PriorYear1Yr
Prior Year22019PriorYear2Yr
Prior Year32018PriorYear3Yr
Excess Distribution Cyov Yr5$18,402ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$115,794ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$88,375ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$66,058ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$24,279ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$312,908TotalExcessDistributionCyovAmt
Qualifying Distributions$44,425QualifyingDistributionsAmt
Applied To Current Year$32,947AppliedToCurrentYearAmt
Remaining Distri From Corpus$11,478RemainingDistriFromCorpusAmt
Total Corpus$324,386TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$18,402ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$305,984ExcessDistriCyovToNextYrAmt
Excess From Year4$115,794ExcessFromYear4Amt
Excess From Year3$88,375ExcessFromYear3Amt
Excess From Year2$66,058ExcessFromYear2Amt
Excess From Year1$24,279ExcessFromYear1Amt
Excess From Current Year$11,478ExcessFromCurrentYearAmt
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 (4 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
CENTRAL CALIFORNIA FOOD BANK
4010 E AMENDOLA DRFRESNOCA93725N/APCGeneral & Unrestricted$10,000
COMMUNITY HOSPITAL OF CENTRAL CA FOUNDATION
1560 E SHAW AVE STE 106FRESNOCA93710N/APCPediatrics/Neonatal Intensive Care unit$20,000
COMMUNITY HOSPITAL OF CENTRAL CA FOUNDATION
1560 E SHAW AVE STE 106FRESNOCA93710N/APCFive-4-Five$5,000
STATE CENTER COMMUNITY COLLEGE DISTRICT
1525 E WELDON AVEFRESNOCA93704N/AGOVHMC Farms Scholarship fund$1,900
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$36,900TotalGrantOrContriPdDurYrAmt

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$53ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$22,296ExclusionAmt
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-$39ExclusionAmt
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$22,310ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$22,310TotalIncomeProducingActyAmt

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$108,386$108,207
PIMCO ALL ASSET FUND INSTITUTI$61,272$57,781
PIMCO LOW DURATION INSTL$120,480$111,239
VANGUARD FTSE DEVELOPED MARKET$112,993$122,259
VANGUARD FTSE EMERGING MARKETS$41,207$38,551
VANGUARD LG-CAP ETF$96,947$144,238
VANGUARD SM-CAP ETF$10,509$15,601

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Administrative Fees$7,500$7,500
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$6,869Amt
Net Investment Income$6,869NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
Category990-PF Excise Tax for 2021CategoryTxt
Amt$255Amt

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