MICHAEL J AND VICKI L MCCLELLAND FAMILY FOUNDATION: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
MICHAEL J AND VICKI L MCCLELLAND FAMILY FOUNDATION (EIN 35-2093969)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-05-02
IRS object ID
202201229349100715
Schema version
2021v4.0
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)
Return2022-05-02T14:42:30-05:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN562226954PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1LADD MCCALL & ASSOCIATES CPAS PABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 3185 - 532 WILLIAMSON ROADAddressLine1Txt
CityMOORESVILLECityNm
State AbbreviationNCStateAbbreviationCd
ZIP28117ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN352093969EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MICHAEL J & VICKI L MCCLELLANDBusinessNameLine1Txt
Business Name Line2FAMILY FOUNDATIONBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlMICHBusinessNameControlTxt
Phone8647101771PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13 STEAM GUN PLACEAddressLine1Txt
CityHILTON HEADCityNm
State AbbreviationSCStateAbbreviationCd
ZIP29928ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMICHAEL J MCCLELLANDPersonNm
Person TitleTRUSTEEPersonTitleTxt
Phone8647101771PhoneNum
Signature2022-04-29SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstMICHAELPersonFirstNm
Person LastMCCLELLANDPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonW KELLY HILLPreparerPersonNm
PTINP00632275PTIN
Phone7046647201PhoneNum
Preparation2022-04-29PreparationDt
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$549,041FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$5,470ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$7,875DividendsRevAndExpnssAmt
Dividends Net Invst Incm$7,875DividendsNetInvstIncmAmt
Dividends Adj Net Incm$7,875DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$117,962NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$184,053GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$66CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$131,307TotalRevAndExpnssAmt
Total Net Invst Incm$7,941TotalNetInvstIncmAmt
Total Adj Net Incm$7,875TotalAdjNetIncmAmt
Other Prof Fees Rev And Expnss$667OtherProfFeesRevAndExpnssAmt
Other Prof Fees Dsbrs Chrtbl$667OtherProfFeesDsbrsChrtblAmt
Taxes Rev And Expnss$234TaxesRevAndExpnssAmt
Taxes Net Invst Incm$234TaxesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$901TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$234TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$667TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$21,250ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$21,250ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$22,151TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$234TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$21,917TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$109,156ExcessRevenueOverExpensesAmt
Net Investment Income$7,707NetInvestmentIncomeAmt
Adjusted Net Income$7,875AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$8,458CashBOYAmt
Cash EOY$19,466CashEOYAmt
Cash EOYFMV$19,466CashEOYFMVAmt
Corporate Stock BOY$222,511CorporateStockBOYAmt
Corporate Stock EOY$320,659CorporateStockEOYAmt
Corporate Stock EOYFMV$529,575CorporateStockEOYFMVAmt
Total Assets BOY$230,969TotalAssetsBOYAmt
Total Assets EOY$340,125TotalAssetsEOYAmt
Total Assets EOYFMV$549,041TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$230,794CapitalStockBOYAmt
Capital Stock EOY$340,125CapitalStockEOYAmt
Retained Earning BOY$175RetainedEarningBOYAmt
Tot Net Ast Or Fund Balances BOY$230,969TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$340,125TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$230,969TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$340,125TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$230,969TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$109,156ExcessRevenueOverExpensesAmt
Subtotal$340,125SubtotalAmt
Tot Net Ast Or Fund Balances EOY$340,125TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

FieldValueIRS element (for citing)
Capital Gain Net Income$66CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$107InvestmentIncomeExciseTaxAmt
Subtotal$107SubtotalAmt
Tax Based On Investment Income$107TaxBasedOnInvestmentIncomeAmt
Tax Due$107TaxDueAmt

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 StateSCOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenfalseForm990PFFiledWithAttyGenInd
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 Line1VALEO FINANCIAL ADVISORSBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3175734699PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1630 W CARMEL DRIVE STE 130AddressLine1Txt
CityCARMELCityNm
State AbbreviationINStateAbbreviationCd
ZIP460322513ZIPCd
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
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 (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
MICHAEL J MCCLELLAND
120 AIRPLANE CTMOORESVILLENC28117TRUSTEE000.00$0$0$0
VICKI L MCCLELLAND
120 AIRPLANE CTMOORESVILLENC28117TRUSTEE000.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$0AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$0TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$0AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$0CashDeemedCharitableAmt
Net Vl Noncharitable Assets$0NetVlNoncharitableAssetsAmt
Minimum Investment Return$0MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Tax Based On Investment Income$107TaxBasedOnInvestmentIncomeAmt
Total Tax$107TotalTaxAmt
Distributable As Adjusted$0DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$21,917ExpensesAndContributionsAmt
Qualifying Distributions$21,917QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$0DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$2,310ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$17,770ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$19,113ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$17,825ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$18,920ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$75,938TotalExcessDistributionCyovAmt
Qualifying Distributions$21,917QualifyingDistributionsAmt
Remaining Distri From Corpus$21,917RemainingDistriFromCorpusAmt
Total Corpus$97,855TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$2,310ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$95,545ExcessDistriCyovToNextYrAmt
Excess From Year4$17,770ExcessFromYear4Amt
Excess From Year3$19,113ExcessFromYear3Amt
Excess From Year2$17,825ExcessFromYear2Amt
Excess From Year1$18,920ExcessFromYear1Amt
Excess From Current Year$21,917ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (14 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
NORTH CAROLINA LIONS FOUNDATION
PO BOX 39SHERRILLS FORDNC28673PUBLICEXEMPT PURPOSE$2,000
KOKOMO SCHOOLS EDUCATION FOUNDATION
1500 S WASHINGTON STKOKOMAIN469042188PUBLICEXEMPT PURPOSE$3,500
COMMUNITY FOUNDATION OF HOWARD CO
215 WEST SYCAMOREKOKOMOIN46901PUBLICEXEMPT PURPOSE$1,750
DOVE HOUSE CHILDRENS ADVOCACY CTR
PO BOX 825STATESVILLENC28687PUBLICEXEMPT PURPOSE$1,500
MOORESVILLE SOUP KITCHEN
275 SOUTH BROAD STREETMOORESVILLENC28115PUBLICEXEMPT PURPOSE$1,500
WHEATLAND AVE METHODIST CHURCH
440 WHEATLAND AVELOGANSPORTIN46947PUBLICEXEMPT PURPOSE$2,000
ST ANDREWS BY THE SEA UMC
20 POPE AVENUEHILTON HEADSC29928PUBLICEXEMPT PURPOSE$1,000
BRIDGES OUTREACH INC
208 N MAIN STKOKOMOIN46901PUBLICEXEMPT PURPOSE$1,750
BSA TROOP 173
137 MOSEMAN RDYORKTOWN HEIGHTSNY10598PUBLICEXEMPT PURPOSE$1,000
THE MICHAEL J FOX FOUNDATION
PO BOX 4777NEW YORKNY101634777PUBLICEXEMPT PURPOSE$1,500
MEMORY MATTERS HILTON HEAD
117 WM HILTON PARKWAYHILTON HEAD ISLANDSC29925PUBLICEXEMPT PURPOSE$1,000
HOPE OF MOORESVILLE
384 N BROAD STMOORESVILLENC28115PUBLICEXEMPT$1,500
VINTAGE RACERS FOR RESCUES
1010 RYANS WAYALTONVA24520PUBLICEXEMPT$250
EVANGELICAL UNITED CHURCH OF CHRIST
802 10TH STREETTELL CITYIN475862118PUBLICEXEMPT$1,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$21,250TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$7,875RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$117,962RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$125,837RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$125,837TotalIncomeProducingActyAmt

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

Expln Of Non Filing With AG Stmt ExplnOfNonFilingWithAGStmt

FieldValueIRS element (for citing)
ExplanationTHE FOUNDATION IS EXEMPT FROM FILING UNDER SC CODE ANN 33-56-50.ExplanationTxt

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp

FieldValueIRS element (for citing)
AssetFIDELITY BROKERAGE 636-588636AssetDesc
How AcquiredPURCHASEHowAcquiredTxt
Sold2021-12SoldDt
Gross Sales Price$183,987GrossSalesPriceAmt
Basis$66,091BasisAmt
Total Net$117,896TotalNetAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockFIDELITY BROKERAGE SERVICESStockNm
EOY Book Value$320,659EOYBookValueAmt
EOYFMV$529,575EOYFMVAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)

CategoryCategoryTxtAmtAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
FIDELITY INVESTMENT FEES$17$17
TAX PREPARATION FEES$650$650

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryINDIRECT TAXES/LICENSESCategoryTxt
Amt$234Amt
Net Investment Income$234NetInvestmentIncomeAmt

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