The Will McLean Foundation INC

Tax-deductible

Brooksville, FL501(c)(3)Arts & CultureEIN 59-2997497

The goals are: -to promote, in the state of florida and elsewhere, the works of will mclean and the works of other florida artists. -to provie for research, education, performance, and training -to promote understanding and appreciation of the works of florida's artists provide facilities, programs and educational materials -to promote involvement by nonprofessional and professional communities alike, in the artistic and educational fields -to provide loans, scholarships and grants to students, organizations and/or specific individuals in the community for the promulgation of artistic productions in specified areas

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
Run by 20 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average surplus $290K a year · 59% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 1.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $50
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$10K
0.6% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
369
of 8 voting members
Looks good: 369 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$330K
+6% vs prior year
Spent
$346K
To programs
81%
Net assets
$1.7M
By yearFY2020–FY2024
Revenue
$330K
FY2024▲ +6%
Revenue by fiscal year
FY2020$93K
FY2021$22K
FY2022$1.3M
FY2023$310K
FY2024$330K
Expenses
$346K
FY2024▲ +8%
Expenses by fiscal year
FY2020Not on file
FY2021$12K
FY2022$125K
FY2023$321K
FY2024$346K
Net assets
$1.7M
FY2024+0.01%
Net assets by fiscal year
FY2020$492K
FY2021$568K
FY2022$1.7M
FY2023$1.7M
FY2024$1.7M

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1994.

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

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $280K Management & general 19% · $64K Fundraising 1% · $2K

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

Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer (f
$0Pt VII · Sec A
$0Pt VII · Sec A
Director at
$0Pt VII · Sec A
Director at
$0Pt VII · Sec A
See The Will McLean Foundation INC 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

Promotes Florida artists' works through research, education, performance, and grants.

Provided by the organization

This section is blank until The Will McLean Foundation INC claims this page.

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3 program services account for $280K of program spending, described in the organization's own filed words · FY2024.
01

WMF facilities, LLC is a wholly-owned entity of the foundation that holds title to and operates the florida sand music ranch. The ranch serves the foundation's mission of providing facilities to support, promote and encourage artistic involvement and performance by renting the property for music festivals and events.

$189Kprogram expense
02

Providing programs and facilities to promote and support performance opportunities for florida artists and appreciation of their work, providing educational opportunities in the florida folk arts, extending sponsorships to other nonprofit organizations to support performance and educational opportunities and providing educational…

$76Kprogram expense
03

Scholarships to students, organizations AND/OR specific individuals in the community for the promulgation of artistic productions in specific areas.

$15Kprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$50

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$330K
Ln 12
Fees for servicesLn 2g$213K
Other incomeLn 4–11$41K
Gifts and grantsLn 1h$39K
Money outPt IX
$346K
Ln 25
Programscol B$280K
Managementcol C$64K
Fundraisingcol D$2K
Owns and owesPt X
$1.7M
net assets · Ln 32
Cash and savingsLn 1–2$42K
Total assetsLn 16$1.7M
LiabilitiesLn 26$10K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b369
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$39K
Fees for servicesLn 2g$213K
Investment incomeLn 3$37K
Other incomeLn 4–11$41K
Gains on assetsLn 7$30K
Total revenueLn 12$330K
Assets in detailPt X, end of year
CashLn 1$42K
Cash and savings togetherLn 1–2$42K
InvestmentsLn 11–13$500K
Land, buildings, equipmentLn 10c$1.2M
Other assetsLn 15$6K
Total assetsLn 16$1.7M
LiabilitiesLn 26$10K
Net assetsLn 32$1.7M
OperationsPt I, VI
EmployeesI 50
VolunteersI 620
Fiscal year endsHeaderDecember
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$27K$42K
InvestmentsLn 11–13$518K$500K
Land, buildings, equipmentLn 10c$1.2M$1.2M
Total assetsLn 16$1.7M$1.7M
LiabilitiesLn 26$7K$10K
Net assetsLn 32$1.7M$1.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$60K$60K
Payroll taxesLn 10$5K$5K
Legal feesLn 11b$7K$7K
Accounting feesLn 11c$7K$7K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$25K$10K$15K
Information technologyLn 14$3K$3K
OccupancyLn 16$88K$88K
InterestLn 20$318$318
Depreciation, depletion and amortizationLn 22$15K$15K
InsuranceLn 23$24K$24K
Other expenses (24a–d)Ln 24$101K$101K
All other expensesLn 24e$8K$635$7K
Total functional expensesLn 25$346K$280K$64K$2K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $330K$346K−$16K$1.7M 990 PDF
FY2023 $310K$321K−$11K$1.7M 990 PDF
FY2022 $1.3M$125K$1.2M$1.7M 990 PDF
FY2021 $22K$12K$10K$568K 990 PDF
FY2020 $93K$492K 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 (4 parts)
Part VIII · Statement of revenue $329,577 across 8 lines filed
Lines not itemized here account for $34,319 of total revenue; see the IRS return.
VIII-1b Membership dues$9,156
VIII-1f All other contributions, gifts and grants$29,938
VIII-1h Total contributions, gifts and grants$39,094
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $213,151$213,151
VIII-3 Investment incomeExcluded from tax $7,137$7,137
VIII-7 Net gain or loss on sales of assetsExcluded from tax $29,658$29,658
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $6,218$6,218
VIII-12 Total revenueRelated to mission $219,369 · Unrelated business $34,319 · Excluded from tax $36,795$329,577
Part IX · Statement of functional expenses $345,546 across 13 lines filed
IX-7 Other salaries and wagesPrograms $60,343$60,343
IX-10 Payroll taxesPrograms $4,616$4,616
IX-11b Legal feesManagement $7,400$7,400
IX-11c Accounting feesManagement $7,115$7,115
IX-12 Advertising and promotionFundraising $1,926$1,926
IX-13 Office expensesPrograms $10,143 · Management $14,602$24,745
IX-14 Information technologyManagement $3,395$3,395
IX-16 OccupancyPrograms $87,947$87,947
IX-20 InterestManagement $318$318
IX-22 Depreciation, depletion and amortizationPrograms $14,717$14,717
IX-23 InsuranceManagement $23,941$23,941
IX-24 Other expenses (24a–d)Programs $101,210$101,210
IX-24e All other expensesPrograms $635 · Management $7,238$7,873
IX-25 Total functional expensesPrograms $279,611 · Management $64,009 · Fundraising $1,926$345,546
Part X · Balance sheet $1,721,823 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $27,093$42,072
X-10c Land, buildings and equipment, netStart of year $1,167,029$1,173,384
X-11 Publicly traded securitiesStart of year $518,064$500,067
X-15 Other assetsStart of year $6,300$6,300
X-16 Total assetsStart of year $1,718,486$1,721,823
X-17 Accounts payable and accrued expensesStart of year $6,292$2,471
X-25 Other liabilitiesStart of year $1,000$7,926
X-26 Total liabilitiesStart of year $7,292$10,397
X-32 Total net assets or fund balancesStart of year $1,711,194$1,711,426
X-33 Total liabilities and net assetsStart of year $1,718,486$1,721,823
Part XI · Reconciliation of net assets $1,711,426 net assets at year end
XI-1 Total revenue$329,577
XI-2 Total expenses$345,546
XI-3 Revenue less expenses−$15,969
XI-4 Net assets at start of year$1,711,194
XI-5 Net unrealized gains (losses) on investments$15,208
XI-9 Other changes in net assets$993
XI-10 Net assets at end of year$1,711,426

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

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