2014-12-01T14:49:42-05:00 2014-09-30 542034109 Noble & Noble Fin Assoc Inc 830-B John Marshall Highway Front Royal VA 22630 990 2013-10-01 113642818 The McGhee Foundation MCGH PO Box 1829 Middleburg VA 20118 Richard Berger President 5406873743 2014-11-17 false Michael B Noble CPA P00355367 5406363838 2014-12-01 2013 2015-11-30 17:44:51Z Richard W Berger 3137540 false X www.mcgheefoundation.org X 2002 VA The mission of The McGhee Foundation is to continue the educational and humanitarian legacy of US Ambassador George McGhee (1912-2005) by supporting projects and programs that provide inspirational learning opportunities and enrich the lives of residents in the VA Piedmont area. 6 4 5 0 0 13284 1000 0 13605 -111714 54535 43371 81424 -67343 1000 12000 0 210182 482944 0 74576 150499 90987 361681 585931 -280257 -653274 3175418 2269965 261184 2542 2914234 2267423 X The mission of The McGhee Foundation is to continue the educational and humanitarian legacy of US Ambassador George McGhee (1912-2005) by supporting projects and programs that provide inspirational learning opportunities and enrich the lives of residents in the VA Piedmont area. false true 142914 12000 The Organization was successful in providing for the long-term health of the Foundation, through the sale of certain real and personal property items, to assist the Foundation in recovering from a lack of operating and grant funds from prior years. The resulatant sale (particularly real estate) will assist in satisfying the mission of The McGhee Foundation, to continue the educational and humanitarian legacy of US Ambassador George McGhee (1912-2005) by supporting projects and programs that provide inspirational learning opportunities and enrich the lives of residents in the VA Piedmont area. 142914 true false false false false false true false false true false false false false false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false false false false true 0 0 5 true false false false false false false X 6 4 false false true false false false false true true false false true false false false false false false X Connie Marr 5406873743 1948 Morgans Mill Rd Bluemont VA 20135 Richard W Berger President and Board Chair 40.00 0.00 X X 135450 0 0 Connie Marr SecyTreas 40.00 0.00 X X X 145545 0 0 Cynthia McGlumphy Director 1.00 0.00 X 0 0 0 Sandra L Danielson Director 40.00 0.00 X 120069 0 0 Denis J Cotter Director 1.00 0.00 X 0 0 0 Don A Hawkins Director 1.00 0.00 X 0 0 0 Claude Bradshaw Director 1.00 0.00 X 0 0 0 401064 0 0 3 false false false 1000 1000 23444 23444 43215 43215 472 316 156 156 156 3069409 3204567 -135158 -135158 -135158 -67343 -68343 0 0 12000 12000 401064 80212 260692 60160 45397 7314 38083 36483 7152 24415 4916 1275 1275 1688 1688 15553 15553 3641 3641 9145 9145 18752 18752 239 239 9705 205 9500 918 918 6041 5617 424 871 871 Repairs and maintenance 10996 10996 Moving expenses 3671 3671 Bank and late fees and pen 673 673 Workers comp 1669 1669 6150 6150 585931 142914 368441 74576 2959 239601 2025630 1500 1500 6779 3545 3170959 3234 3175418 2269965 11184 2542 250000 261184 2542 X 2914234 2267423 2914234 2267423 3175418 2269965 -653274 6463 0 X false false false X 25567 34830 21286 13284 1000 95967 25567 34830 21286 13284 1000 95967 95967 56522 97322 64342 50791 66659 335636 431603 0.22240 0.49590 X 10% Facts and Circumstances Test (Part II, line 17a or 17b) The organization began operations in earnest after several years with minimal public support. The reasons for minimal support in earlier years is due to extensive rehabilition and remodeling that needed to be completed to the grounds and structures in order for the organization to carry out its exempt purpose. The organization began a continuous and bona fide program for the solicitation of funds from the general public and community. While improvements continued, the property became available to the general public. Nevertheless, in the current fiscal year, it was necessary to sell the property to provide the net assets to further its new mission. X X X 6779 3545 3234 3234 Not reporting collections (Part III, line 1a) The organization has elected, as permitted under SFAS 116, not to report on its balance sheet works of art, historical treasures or other similar assets held for public exhibition, education or research in furtherance of public service. The McGhee Foundation had an extensive collection of art and artifacts. While there was an appraisal performed in 2005, these items have not been carried on the Foundation's balance sheet. Collections descriptions (Part III, line 4) The organization's collections included many historical artifacts and documents that are available for use by the public in conjunction with the organization's stated mission. This collection has largely been sold to provide the organization with the necessary funds to continue and broaden its new mission. true The Patriot Project 10000 Loudoun Revolutionary War Memorial Middleburg Arts Proj-Artists in Mbu 2000 Contribution for Start Up Costs 2 Organizational document changes Part VI line 4 In order to continue its work, the Foundation had to sell the plantation known as Farmers Delight. While this was just a conversion of the bulk of net assets from Real Property to Cash and Investments, it did necessitate a change in its Mission Statement, since they will no longer use funds for the preservation of the property. The new mission statement is reflected in Part III, Line 1. Form 990 governing body review Part VI line 11 Draft Form 990 is presented to the board for review and approval prior to submission to the IRS. Governing documents etc available to public Part VI line 19 The organization's governing documents are available to the public upon request. Cessation of or significant change to any program service Part III line 3 In order to continue its work, the Foundation had to sell the plantation known as Farmers Delight. While this was just a conversion of the bulk of net assets from Real Property to Cash and Investments, it did necessitate a change in its Mission Statement, since they will no longer use funds for the preservation of the property. The new mission statement is reflected in Part III, Line 1. General explanation attachment The Organization did sell at auction many of the works of art to raise needed revenue for the continuation of its mission. These assets had not been carried on the balance sheet, but the gross receipts realized from the auction were in excess of $570,000, and expenses were approximately $37,000, with a net realized of approximately $533,000.