THE MCCLARTY FAMILY FOUNDATION: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
THE MCCLARTY FAMILY FOUNDATION (EIN 46-1552986)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-04-05
IRS object ID
202200959349101155
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 ReturnHeader

FieldValueIRS element (for citing)
Return2022-04-05T14:05:19-05:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1FOUNDATION SOURCEBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1ONE HOLLOW LN STE 212AddressLine1Txt
CityLAKE SUCCESSCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11042ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

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
Signature2022-03-28SignatureDt
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)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$783,313FMVAssetsEOYAmt
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$16InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$16InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$23,593DividendsRevAndExpnssAmt
Dividends Net Invst Incm$23,593DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$38,547NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$92,420GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$38,547CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$62,156TotalRevAndExpnssAmt
Total Net Invst Incm$62,156TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Other Prof Fees Rev And Expnss$7,831OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$7,831OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$916TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$5,025OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$5,025OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$13,772TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$7,831TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$5,025TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$57,500ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$57,500ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$71,272TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$7,831TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$62,525TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$9,116ExcessRevenueOverExpensesAmt
Net Investment Income$54,325NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$18,863SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$23,656SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$23,656SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$613,624CorporateStockBOYAmt
Corporate Stock EOY$599,715CorporateStockEOYAmt
Corporate Stock EOYFMV$759,657CorporateStockEOYFMVAmt
Total Assets BOY$632,487TotalAssetsBOYAmt
Total Assets EOY$623,371TotalAssetsEOYAmt
Total Assets EOYFMV$783,313TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$632,487RetainedEarningBOYAmt
Retained Earning EOY$623,371RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$632,487TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$623,371TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$632,487TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$623,371TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$632,487TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$9,116ExcessRevenueOverExpensesAmt
Subtotal$623,371SubtotalAmt
Tot Net Ast Or Fund Balances EOY$623,371TotNetAstOrFundBalancesEOYAmt

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$92,420GrossSalesPriceAmt
Cost Or Other Basis$53,873CostOrOtherBasisAmt
Gain Or Loss$38,547GainOrLossAmt
Gains Minus Excess Or Losses$38,547GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$38,547CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$755InvestmentIncomeExciseTaxAmt
Subtotal$755SubtotalAmt
Tax Based On Investment Income$755TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$500EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Total Payments And Credits$500TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$0EsPenaltyAmt
Tax Due$255TaxDueAmt

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
Website AddressN/AWebsiteAddressTxt

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$769,493AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$22,415AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$791,908TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$791,908AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$11,879CashDeemedCharitableAmt
Net Vl Noncharitable Assets$780,029NetVlNoncharitableAssetsAmt
Minimum Investment Return$39,001MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$39,001MinimumInvestmentReturnAmt
Tax Based On Investment Income$755TaxBasedOnInvestmentIncomeAmt
Total Tax$755TotalTaxAmt
Distributable Before Adj$38,246DistributableBeforeAdjAmt
Distributable Before Ded$38,246DistributableBeforeDedAmt
Distributable As Adjusted$38,246DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$62,525ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$62,525QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$38,246DistributableAsAdjustedAmt
Prior Year12019PriorYear1Yr
Prior Year22018PriorYear2Yr
Prior Year32017PriorYear3Yr
Excess Distribution Cyov Yr4$18,402ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$115,794ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$88,375ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$66,058ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$288,629TotalExcessDistributionCyovAmt
Qualifying Distributions$62,525QualifyingDistributionsAmt
Applied To Current Year$38,246AppliedToCurrentYearAmt
Remaining Distri From Corpus$24,279RemainingDistriFromCorpusAmt
Total Corpus$312,908TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$312,908ExcessDistriCyovToNextYrAmt
Excess From Year4$18,402ExcessFromYear4Amt
Excess From Year3$115,794ExcessFromYear3Amt
Excess From Year2$88,375ExcessFromYear2Amt
Excess From Year1$66,058ExcessFromYear1Amt
Excess From Current Year$24,279ExcessFromCurrentYearAmt
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 (7 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
CALIFORNIA FARMWORKER FOUNDATION
1120 KENSINGTON STDELANOCA93215N/APCGeneral & Unrestricted$10,000
COMMUNITY HOSPITAL OF CENTRAL CALIFORNIA FDN
1560 E SHAW AVE STE 106FRESNOCA93710N/APCCharitable Event$5,000
F O O D INC
4010 E AMENDOLA DRFRESNOCA93725N/APCGeneral & Unrestricted$10,000
REGENTS OF THE UNIVERSITY OF CALIFORNIA - UC DAVIS
1 SHIELDS AVEDAVISCA95616N/APCUC Davis Student Farm Fund$5,000
REGENTS OF THE UNIVERSITY OF CALIFORNIA - UC DAVIS
1 SHIELDS AVEDAVISCA95616N/APCAg & Environmental Technology Major within the College fund$7,500
REGENTS OF THE UNIVERSITY OF CALIFORNIA - UC DAVIS
1 SHIELDS AVEDAVISCA95616N/APCAg Technology Teaching Support Fund$10,000
VALLEY CHILDRENS HEALTHCARE FOUNDATION
9300 VALLEY CHILDRENS PLMADERACA93636N/APCGeneral & Unrestricted$10,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$57,500TotalGrantOrContriPdDurYrAmt

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$16ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$23,593ExclusionAmt
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$38,547ExclusionAmt
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$62,156ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$62,156TotalIncomeProducingActyAmt

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
PIMCO 1 TO 5 YEAR US TIPS INDE$128,901$136,626
PIMCO ALL ASSET FUND INSTITUTI$67,424$76,640
PIMCO LOW DURATION INSTL$138,499$137,464
VANGUARD FTSE DEVELOPED MARKET$115,915$154,712
VANGUARD FTSE EMERGING MARKETS$39,297$47,333
VANGUARD LG-CAP ETF$98,606$186,541
VANGUARD SM-CAP ETF$11,073$20,341

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Administrative Fees$5,000$5,000
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$7,831Amt
Net Investment Income$7,831NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmt
990-PF Estimated Tax for 2021$500
990-PF Excise Tax for 2020$416

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