MICHAEL J AND VICKI L MCCLELLAND FAMILY FOUNDATION: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
MICHAEL J AND VICKI L MCCLELLAND FAMILY FOUNDATION (EIN 35-2093969)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-05-07
IRS object ID
202111279349100621
Schema version
2020v4.0
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)
Return2021-05-07T09:53:18-05:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

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 Begin2020-01-01TaxPeriodBeginDt

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 Line1120 AIRPLANE CTAddressLine1Txt
CityMOORESVILLECityNm
State AbbreviationNCStateAbbreviationCd
ZIP28117ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMICHAEL J MCCLELLANDPersonNm
Person TitleTRUSTEEPersonTitleTxt
Phone8647101771PhoneNum
Signature2021-04-22SignatureDt

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
Preparation2021-04-23PreparationDt
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$408,309FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$10,319DividendsRevAndExpnssAmt
Dividends Net Invst Incm$10,319DividendsNetInvstIncmAmt
Dividends Adj Net Incm$10,319DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$12,852NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$20,786GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$1,244CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$23,171TotalRevAndExpnssAmt
Total Net Invst Incm$11,563TotalNetInvstIncmAmt
Total Adj Net Incm$10,319TotalAdjNetIncmAmt
Other Prof Fees Rev And Expnss$470OtherProfFeesRevAndExpnssAmt
Other Prof Fees Dsbrs Chrtbl$470OtherProfFeesDsbrsChrtblAmt
Interest Rev And Expnss$1InterestRevAndExpnssAmt
Interest Net Invst Incm$1InterestNetInvstIncmAmt
Taxes Rev And Expnss$101TaxesRevAndExpnssAmt
Taxes Net Invst Incm$101TaxesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$572TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$102TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$470TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$18,450ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$18,450ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$19,022TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$102TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$18,920TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$4,149ExcessRevenueOverExpensesAmt
Net Investment Income$11,461NetInvestmentIncomeAmt
Adjusted Net Income$10,319AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$3,425CashBOYAmt
Cash EOY$8,458CashEOYAmt
Cash EOYFMV$8,458CashEOYFMVAmt
Corporate Stock BOY$223,395CorporateStockBOYAmt
Corporate Stock EOY$222,511CorporateStockEOYAmt
Corporate Stock EOYFMV$399,851CorporateStockEOYFMVAmt
Total Assets BOY$226,820TotalAssetsBOYAmt
Total Assets EOY$230,969TotalAssetsEOYAmt
Total Assets EOYFMV$408,309TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$226,820CapitalStockBOYAmt
Capital Stock EOY$230,794CapitalStockEOYAmt
Retained Earning EOY$175RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$226,820TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$230,969TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$226,820TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$230,969TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$226,820TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$4,149ExcessRevenueOverExpensesAmt
Subtotal$230,969SubtotalAmt
Tot Net Ast Or Fund Balances EOY$230,969TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

FieldValueIRS element (for citing)
Capital Gain Net Income$1,244CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$159InvestmentIncomeExciseTaxAmt
Subtotal$159SubtotalAmt
Tax Based On Investment Income$159TaxBasedOnInvestmentIncomeAmt
Tax Due$159TaxDueAmt

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$159TaxBasedOnInvestmentIncomeAmt
Total Tax$159TotalTaxAmt
Distributable As Adjusted$0DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$18,920ExpensesAndContributionsAmt
Qualifying Distributions$18,920QualifyingDistributionsAmt
Adjusted Qualifying Distri$18,920AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$0DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$2,224ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$2,310ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$17,770ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$19,113ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$17,825ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$59,242TotalExcessDistributionCyovAmt
Qualifying Distributions$18,920QualifyingDistributionsAmt
Remaining Distri From Corpus$18,920RemainingDistriFromCorpusAmt
Total Corpus$78,162TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$2,224ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$75,938ExcessDistriCyovToNextYrAmt
Excess From Year4$2,310ExcessFromYear4Amt
Excess From Year3$17,770ExcessFromYear3Amt
Excess From Year2$19,113ExcessFromYear2Amt
Excess From Year1$17,825ExcessFromYear1Amt
Excess From Current Year$18,920ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (16 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
NORTH CAROLINA LIONS FOUNDATION
PO BOX 39SHERRILLS FORDNC28673PUBLICEXEMPT PURPOSE$1,000
KOKOMO SCHOOLS EDUCATION FOUNDATION
1500 S WASHINGTON STKOKOMAIN469042188PUBLICEXEMPT PURPOSE$800
COMMUNITY FOUNDATION OF HOWARD CO
215 WEST SYCAMOREKOKOMOIN46901PUBLICEXEMPT PURPOSE$800
KOKOMO FAMILY YMCA
114 N UNION STKOKOMOIN46901PUBLICEXEMPT PURPOSE$800
PULSE OPERA HOUSE
PO BOX 631WARRENIN46792PUBLICEXEMPT PURPOSE$1,000
DOVE HOUSE CHILDRENS ADVOCACY CTR
PO BOX 825STATESVILLENC28687PUBLICEXEMPT PURPOSE$1,250
MOORESVILLE SOUP KITCHEN
275 SOUTH BROAD STREETMOORESVILLENC28115PUBLICEXEMPT PURPOSE$1,250
WHEATLAND AVE METHODIST CHURCH
440 WHEATLAND AVELOGANSPORTIN46947PUBLICEXEMPT PURPOSE$2,000
ST ANDREWS BY THE SEA UMC
20 POPE AVENUEHILTON HEADSC29928PUBLICEXEMPT PURPOSE$2,250
BRIDGES OUTREACH INC
208 N MAIN STKOKOMOIN46901PUBLICEXEMPT PURPOSE$800
BSA TROOP 173
137 MOSEMAN RDYORKTOWN HEIGHTSNY10598PUBLICEXEMPT PURPOSE$1,000
AUBURN CORD DUESENBURG MUSEUM
1600 S WAYNE STAUBURNIN46706PUBLICEXEMPT PURPOSE$1,000
THE MICHAEL J FOX FOUNDATION
PO BOX 4777NEW YORKNY101634777PUBLICEXEMPT PURPOSE$1,250
MEMORY MATTERS HILTON HEAD
117 WM HILTON PARKWAYHILTON HEAD ISLANDSC29925PUBLICEXEMPT PURPOSE$1,000
HILTON HEAD ISLAND CONCOURS D'ELEGA
PO BOX 21733HILTON HEAD ISLANDSC29925PUBLICEXEMPT$1,000
HOPE OF MOORESVILLE
384 N BROAD STMOORESVILLENC28115PUBLICEXEMPT$1,250
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$18,450TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$10,319RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$12,852RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$23,171RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$23,171TotalIncomeProducingActyAmt

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)
Asset60 SHRS SPDR S&P 500 ETF TRUSTAssetDesc
Acquired2012-05AcquiredDt
How AcquiredPURCHASEHowAcquiredTxt
Sold2020-09SoldDt
Gross Sales Price$19,542GrossSalesPriceAmt
Basis$7,934BasisAmt
Total Net$11,608TotalNetAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockFIDELITY BROKERAGE SERVICESStockNm
EOY Book Value$222,511EOYBookValueAmt
EOYFMV$399,851EOYFMVAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)

CategoryCategoryTxtAmtAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
FIDELITY INVESTMENT FEES
TAX PREPARATION FEES$470$470

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryINDIRECT TAXES/LICENSESCategoryTxt
Amt$101Amt
Net Investment Income$101NetInvestmentIncomeAmt

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