McLean Community Foundation FY2021 filing

Tax-deductible

McLean, VA501(c)(3)Community DevelopmentEIN 52-1227032Revenue $185K in FY2021

On file with the IRSmcleancommunityfoundation.orgPo Box 75, 22101-0075 · McLean, VATax-exempt since Oct 1981Supporting organization — 509(a)(3)

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Mcf operates exclusively for charitable and educational purposes by providing grants to non profit organizations for the benefit of the residents of the McLean planning district.

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $75K a year · 33% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
26 mo
of spending, in cash
Looks good: 26.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $16K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$185K
+24% vs prior year
Spent
$129K
To programs
84%
Net assets
$2.1M
By yearFY2020–FY2025
Revenue
$185K
FY2021▲ +24%
Tap a bar for its year
Revenue by fiscal year
FY2020$149K
FY2021$185K
FY2022$190K
FY2023$162K
FY2024$501K
FY2025$176K
Expenses
$129K
FY2021▼ -12%
Tap a bar for its year
Expenses by fiscal year
FY2020$147K
FY2021$129K
FY2022$133K
FY2023$152K
FY2024$163K
FY2025$191K
Net assets
$2.1M
FY2021▲ +30%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.6M
FY2021$2.1M
FY2022$2.2M
FY2023$2.0M
FY2024$2.6M
FY2025$2.7M

From the FY2021 Form 990 (year ending March 2021) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1981.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $108K Management & general 15% · $20K Fundraising 1% · $2K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

13 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See McLean Community Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides grants to nonprofits benefiting local residents for charitable and educational purposes.

Provided by the organization

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1 program · $108K · in their own filed words · FY2020
01

MCF grants provide support for vital charitable and educational projects that make a difference in the lives of the citizens of greater mclean. During fiscal year 2020/2021, MCF granted 12 organizations $108,200 in grants and sponsorships to support schools, the arts, public safety, health care and public services.

$108Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 4 funders →
Grants paid · 49 grants · $628K · 2019–2024
McLean Crew Club INCVA · FY2024$6,800
Capital HospiceFL · FY2024$6,400
Safespot of FairfaxVA · FY2024$6,250
1st Stage INCVA · FY2024$5,600
McLean Trees FoundationVA · FY2024$5,500
See all 49 grants →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$185K
Ln 12
Investment incomeLn 3$119K
Gifts and grantsLn 1h$58K
Other incomeLn 4–11$8K
Money outPt IX
$129K
Ln 25
Programscol B$108K
Managementcol C$20K
Fundraisingcol D$2K
Owns and owesPt X
$2.1M
net assets · Ln 32
Cash and savingsLn 1–2$282K
Total assetsLn 16$2.1M
LiabilitiesLn 26$0
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$58K
Noncash giftsLn 1g$10K
Fundraising eventsLn 1c$10K
Investment incomeLn 3$119K
Other incomeLn 4–11$8K
Gains on assetsLn 7$85K
Total revenueLn 12$185K
Assets in detailPt X, end of year
CashLn 1$3K
SavingsLn 2$279K
Cash and savings togetherLn 1–2$282K
InvestmentsLn 11–13$1.8M
Total assetsLn 16$2.1M
LiabilitiesLn 26$0
Net assetsLn 32$2.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 614
Fiscal year endsHeaderMarch
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$187K$282K
InvestmentsLn 11–13$1.4M$1.8M
Total assetsLn 16$1.6M$2.1M
LiabilitiesLn 26$0$0
Net assetsLn 32$1.6M$2.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$108K$108K
Investment management feesLn 11f$8K$8K
Advertising and promotionLn 12$7K$5K$1K
Office expensesLn 13$2K$2K$59
Information technologyLn 14$3K$3K$88
InsuranceLn 23$2K$2K
Total functional expensesLn 25$129K$108K$20K$2K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $176K$191K−$15K$2.7M 990 PDF
FY2024 $501K$163K$338K$2.6M 990 PDF
FY2023 $162K$152K$10K$2.0M 990 PDF
FY2022 $190K$133K$57K$2.2M 990 PDF
FY2021 Viewing $185K$129K$56K$2.1M 990 PDF
FY2020 $149K$147K$2K$1.6M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $185,201 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $38,133$58,250
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $76,298$118,948
I-11 Other revenuePrior year $34,412$8,003
I-12 Total revenuePrior year $148,843$185,201
I-13 Grants and similar amounts paidPrior year $130,927$108,200
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $16,218$21,170
I-18 Total expensesPrior year $147,145$129,370
I-19 Revenue less expensesPrior year $1,698$55,831
Part VI · Governance 11 of 11 board members independent, 3 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $185,201 across 8 lines filed
VIII-1c Fundraising events$10,095
VIII-1f All other contributions, gifts and grants$48,155
VIII-1g Noncash contributions (included above)$10,000
VIII-1h Total contributions, gifts and grants$58,250
VIII-3 Investment incomeExcluded from tax $34,158$34,158
VIII-7 Net gain or loss on sales of assetsExcluded from tax $84,790$84,790
VIII-8 Net income from fundraising eventsExcluded from tax $8,003$8,003
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $126,951$185,201
Part IX · Statement of functional expenses $129,370 across 6 lines filed
IX-1 Grants to domestic organizationsPrograms $108,200$108,200
IX-11f Investment management feesManagement $8,051$8,051
IX-12 Advertising and promotionManagement $5,423 · Fundraising $1,356$6,779
IX-13 Office expensesManagement $2,018 · Fundraising $59$2,077
IX-14 Information technologyManagement $2,575 · Fundraising $88$2,663
IX-23 InsuranceManagement $1,600$1,600
IX-25 Total functional expensesPrograms $108,200 · Management $19,667 · Fundraising $1,503$129,370
Part X · Balance sheet $2,110,351 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $19,369$3,288
X-2 Savings and temporary cash investmentsStart of year $168,068$278,638
X-11 Publicly traded securitiesStart of year $1,435,377$1,828,425
X-16 Total assetsStart of year $1,622,814$2,110,351
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $1,622,814$2,110,351
X-32 Total net assets or fund balancesStart of year $1,622,814$2,110,351
X-33 Total liabilities and net assetsStart of year $1,622,814$2,110,351
Part XI · Reconciliation of net assets $2,110,351 net assets at year end
XI-1 Total revenue$185,201
XI-2 Total expenses$129,370
XI-3 Revenue less expenses$55,831
XI-4 Net assets at start of year$1,622,814
XI-5 Net unrealized gains (losses) on investments$431,706
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,110,351

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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