McLean Community Foundation FY2024 filing

Tax-deductible

McLean, VA501(c)(3)Community DevelopmentEIN 52-1227032Revenue $501K in FY2024

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

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FY2024 · 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
10 mo
of spending, in cash
Looks good: 10.5 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
$501K
+209% vs prior year
Spent
$163K
To programs
84%
Net assets
$2.6M
By yearFY2020–FY2025
Revenue
$501K
FY2024▲ +209%
Tap a bar for its year
Revenue by fiscal year
FY2020$149K
FY2021$185K
FY2022$190K
FY2023$162K
FY2024$501K
FY2025$176K
Expenses
$163K
FY2024▲ +7%
Tap a bar for its year
Expenses by fiscal year
FY2020$147K
FY2021$129K
FY2022$133K
FY2023$152K
FY2024$163K
FY2025$191K
Net assets
$2.6M
FY2024▲ +29%
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 FY2024 Form 990 (year ending March 2024) · 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% · $137K Management & general 15% · $25K Fundraising 1% · $979

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

14 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$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.

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Provided by the organization

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1 program · $137K · in their own filed words · FY2023
01

MCF provides grants to nonprofits located in or serving the greater mclean community. During fiscal year 2023/2024, MCF granted 14 organizations $136,989 in grants and sponsorships to support schools, the arts, public safety, health and mental health services, seniors, families, parks and the environment.

$137Kprogram 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 FY2024 990, line by line.

1The main four
Money inPt VIII
$501K
Ln 12
Gifts and grantsLn 1h$373K
Investment incomeLn 3$85K
Other incomeLn 4–11$43K
Money outPt IX
$163K
Ln 25
Programscol B$137K
Managementcol C$25K
Fundraisingcol D$979
Owns and owesPt X
$2.6M
net assets · Ln 32
Cash and savingsLn 1–2$143K
Total assetsLn 16$2.6M
LiabilitiesLn 26$0
PeoplePt VI, VII
14
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$373K
Noncash giftsLn 1g$12K
Fundraising eventsLn 1c$14K
Investment incomeLn 3$85K
Other incomeLn 4–11$43K
Gains on assetsLn 7$17K
Total revenueLn 12$501K
Assets in detailPt X, end of year
CashLn 1$3K
SavingsLn 2$139K
Cash and savings togetherLn 1–2$143K
InvestmentsLn 11–13$2.5M
Total assetsLn 16$2.6M
LiabilitiesLn 26$0
Net assetsLn 32$2.6M
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 FY24End FY24
Cash and savingsLn 1–2$192K$143K
InvestmentsLn 11–13$1.8M$2.5M
Total assetsLn 16$2.0M$2.6M
LiabilitiesLn 26$0$0
Net assetsLn 32$2.0M$2.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$137K$137K
Legal feesLn 11b$4K$4K
Accounting feesLn 11c$2K$2K
Investment management feesLn 11f$9K$9K
Advertising and promotionLn 12$4K$3K$833
Office expensesLn 13$1K$1K$18
Information technologyLn 14$4K$4K$128
InsuranceLn 23$1K$1K
Total functional expensesLn 25$163K$137K$25K$979

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $176K$191K−$15K$2.7M 990 PDF
FY2024 Viewing $501K$163K$338K$2.6M 990 PDF
FY2023 $162K$152K$10K$2.0M 990 PDF
FY2022 $190K$133K$57K$2.2M 990 PDF
FY2021 $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 FY2024 990 (6 parts)
Part I · Summary $500,682 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $63,038$373,062
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $66,699$85,055
I-11 Other revenuePrior year $32,217$42,565
I-12 Total revenuePrior year $161,954$500,682
I-13 Grants and similar amounts paidPrior year $131,279$136,989
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 $20,261$25,744
I-18 Total expensesPrior year $151,540$162,733
I-19 Revenue less expensesPrior year $10,414$337,949
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 $500,682 across 8 lines filed
VIII-1c Fundraising events$13,715
VIII-1f All other contributions, gifts and grants$359,347
VIII-1g Noncash contributions (included above)$12,000
VIII-1h Total contributions, gifts and grants$373,062
VIII-3 Investment incomeExcluded from tax $68,365$68,365
VIII-7 Net gain or loss on sales of assetsExcluded from tax $16,690$16,690
VIII-8 Net income from fundraising eventsExcluded from tax $42,565$42,565
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $127,620$500,682
Part IX · Statement of functional expenses $162,733 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $136,989$136,989
IX-11b Legal feesManagement $3,982$3,982
IX-11c Accounting feesManagement $1,750$1,750
IX-11f Investment management feesManagement $9,479$9,479
IX-12 Advertising and promotionManagement $3,331 · Fundraising $833$4,164
IX-13 Office expensesManagement $1,098 · Fundraising $18$1,116
IX-14 Information technologyManagement $3,746 · Fundraising $128$3,874
IX-23 InsuranceManagement $1,379$1,379
IX-25 Total functional expensesPrograms $136,989 · Management $24,765 · Fundraising $979$162,733
Part X · Balance sheet $2,596,520 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $8,466$3,365
X-2 Savings and temporary cash investmentsStart of year $183,421$139,460
X-11 Publicly traded securitiesStart of year $1,817,961$2,453,695
X-16 Total assetsStart of year $2,009,848$2,596,520
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $2,009,848$2,596,520
X-32 Total net assets or fund balancesStart of year $2,009,848$2,596,520
X-33 Total liabilities and net assetsStart of year $2,009,848$2,596,520
Part XI · Reconciliation of net assets $2,596,520 net assets at year end
XI-1 Total revenue$500,682
XI-2 Total expenses$162,733
XI-3 Revenue less expenses$337,949
XI-4 Net assets at start of year$2,009,848
XI-5 Net unrealized gains (losses) on investments$248,724
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,596,520

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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