THE MCCLARTY FAMILY FOUNDATION: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
THE MCCLARTY FAMILY FOUNDATION (EIN 46-1552986)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-04-25
IRS object ID
202531159349101808
Schema version
2024v5.1
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)
Return2025-04-25T08:09:09-04:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

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 Begin2024-01-01TaxPeriodBeginDt

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
Signature2025-04-18SignatureDt
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)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$623,575FMVAssetsEOYAmt
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$74InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$74InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$18,643DividendsRevAndExpnssAmt
Dividends Net Invst Incm$18,643DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$36,360NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$185,623GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$36,360CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$55,077TotalRevAndExpnssAmt
Total Net Invst Incm$55,077TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Other Prof Fees Rev And Expnss$6,465OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$6,465OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$700TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$7,828OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$7,828OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$14,993TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$6,465TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$7,828TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$86,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$86,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$100,993TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$6,465TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$93,828TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$45,916ExcessRevenueOverExpensesAmt
Net Investment Income$48,612NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$18,280SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$20,144SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$20,144SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$538,806CorporateStockBOYAmt
Corporate Stock EOY$491,026CorporateStockEOYAmt
Corporate Stock EOYFMV$603,431CorporateStockEOYFMVAmt
Total Assets BOY$557,086TotalAssetsBOYAmt
Total Assets EOY$511,170TotalAssetsEOYAmt
Total Assets EOYFMV$623,575TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$557,086RetainedEarningBOYAmt
Retained Earning EOY$511,170RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$557,086TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$511,170TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$557,086TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$511,170TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$557,086TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$45,916ExcessRevenueOverExpensesAmt
Subtotal$511,170SubtotalAmt
Tot Net Ast Or Fund Balances EOY$511,170TotNetAstOrFundBalancesEOYAmt

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$185,623GrossSalesPriceAmt
Cost Or Other Basis$149,263CostOrOtherBasisAmt
Gain Or Loss$36,360GainOrLossAmt
Gains Minus Excess Or Losses$36,360GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$36,360CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$676InvestmentIncomeExciseTaxAmt
Subtotal$676SubtotalAmt
Tax Based On Investment Income$676TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$480EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Total Payments And Credits$480TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$0EsPenaltyAmt
Tax Due$196TaxDueAmt

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 AbbreviationCTStateAbbreviationCd
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 (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$624,485AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$14,130AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$638,615TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$638,615AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$9,579CashDeemedCharitableAmt
Net Vl Noncharitable Assets$629,036NetVlNoncharitableAssetsAmt
Minimum Investment Return$31,452MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$31,452MinimumInvestmentReturnAmt
Tax Based On Investment Income$676TaxBasedOnInvestmentIncomeAmt
Total Tax$676TotalTaxAmt
Distributable Before Adj$30,776DistributableBeforeAdjAmt
Distributable Before Ded$30,776DistributableBeforeDedAmt
Distributable As Adjusted$30,776DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$93,828ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$93,828QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$30,776DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$88,375ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$66,058ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$24,279ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$11,478ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$21,078ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$211,268TotalExcessDistributionCyovAmt
Qualifying Distributions$93,828QualifyingDistributionsAmt
Applied To Current Year$30,776AppliedToCurrentYearAmt
Remaining Distri From Corpus$63,052RemainingDistriFromCorpusAmt
Total Corpus$274,320TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$88,375ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$185,945ExcessDistriCyovToNextYrAmt
Excess From Year4$66,058ExcessFromYear4Amt
Excess From Year3$24,279ExcessFromYear3Amt
Excess From Year2$11,478ExcessFromYear2Amt
Excess From Year1$21,078ExcessFromYear1Amt
Excess From Current Year$63,052ExcessFromCurrentYearAmt
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 (6 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 OF CENTRAL CALIFORNIA FOUNDATIO
1560 E SHAW AVE STE 106FRESNOCA93710N/APCGeneral & Unrestricted$55,000
COMMUNITY HOSPITAL OF CENTRAL CALIFORNIA FOUNDATIO
1560 E SHAW AVE STE 106FRESNOCA93710N/APCNICU/Pediatrics Pledge Fund$10,000
COMMUNITY HOSPITAL OF CENTRAL CALIFORNIA FOUNDATIO
1560 E SHAW AVE STE 106FRESNOCA93710N/APCFive 4 Five Fund$5,000
STATE CENTER COMMUNITY COLLEGE DISTRICT
1171 FULTON STFRESNOCA93721N/AGOVHMC Farms Scholarship Fund$1,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$86,000TotalGrantOrContriPdDurYrAmt

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$74ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$18,643ExclusionAmt
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$36,360ExclusionAmt
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$55,077ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$55,077TotalIncomeProducingActyAmt

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 (8 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
BAIRD CORE PLUS BD FD INSTI CL$70,715$67,594
ISHARES BARCLAYS 0-5 YR TIPS$70,121$72,633
PIMCO ALL ASSET FUND INSTITUTI$61,272$59,486
PIMCO LOW DURATION INSTL$76,662$72,242
VANGUARD FTSE DEVELOPED MARKET$70,990$90,092
VANGUARD FTSE EMERGING MARKETS$33,354$33,867
VANGUARD LG-CAP ETF$91,158$182,047
VANGUARD SM-CAP ETF$16,754$25,470

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Administrative Fees$7,803$7,803
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$6,465Amt
Net Investment Income$6,465NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmt
990-PF Estimated Tax for 2024$400
990-PF Extension for 2023$300

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