The Graeme McDaniel Foundation FY2024 filing

Tax-deductible

Katy, TX501(c)(3)Since 2021Medical ResearchEIN 87-2237264

The graeme mcdaniel foundation is dedicated to funding congenital heart defect research and supporting heart families in a charitable capacity.

501(c)(3) charity; gifts are tax-deductible.
43¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
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
3 of 4
filings with a surplus
Average surplus $34K a year · 7% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
43%
of spending
Concern: 43% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
1009 mo
of spending, in cash
Looks good: 1009.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
8
named funders · $89K
Looks good: 8 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
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$682K
+39% vs prior year
Spent
$9K
To programs
43%
Net assets
$892K
By yearFY2022–FY2025
Revenue
$682K
FY2024▲ +39%
Revenue by fiscal year
FY2022$170K
FY2023$334K
FY2024$489K
FY2024$682K
FY2025$893K
Expenses
$9K
FY2024▼ -98%
Expenses by fiscal year
FY2022$51K
FY2023$307K
FY2024$416K
FY2024$9K
FY2025$974K
Net assets
$892K
FY2024▲ +307%
Net assets by fiscal year
FY2022$118K
FY2023$145K
FY2024$219K
FY2024$892K
FY2025$811K

From the FY2024 Form 990 · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Yes — filed FY2025
Legal name (IRS)Hdr · item CThe Graeme McDaniel Foundation
EINHdr · item D87-2237264
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFSep 2021
Year of formationHdr · item L2021
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CKaty, TX
NTEE classificationIRS BMFMedical Research (H12)
WebsiteHdr · item Jgraememcdanielfoundation.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.43 Management & general $0.57
Program services43%$4K
Management & general57%$5K
Total functional expensesLn 25$9K

Financial health

Is it on solid ground?

Program efficiency
43%
of spending reaches programs
Operating runway
1136.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
+99%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$892K
FY2024▲ +307%
Total assets by fiscal year
FY2022$118K
FY2023$145K
FY2024$219K
FY2024$892K
FY2025$811K
Total liabilities
$0
FY2024
Total liabilities by fiscal year
FY2022$0
FY2023$0
FY2024$0
FY2024$0
FY2025$0
Revenue less expensesPt I · Ln 19$673K
Total assetsPt X · Ln 16$892K
Program-expense ratioPt IX · col B43%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Balance Sheet

Part X · end of year
CashLn 1$792K
Total assetsLn 16$892K
Total liabilitiesLn 26$0
Total net assetsLn 32$892K
Months of cash on handcomputed1009.2

Statement of Revenue

Part VIII
Other revenue$414K · 61%
Contributions & grants$268K · 39%
Other revenue61%$414K
Contributions & grants39%$268K
Total revenueLn 12$682K

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $892K · Operating expenses/yr $9K
1136.6 months
Where the money goes
Program services
Program services $4K · Total expenses $9K
43%
Management & General
Management & general $5K · Total expenses $9K
57%
Fundraising
Fundraising $0 · Total expenses $9K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $158K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $268K · Total revenue $682K
39%
Government reliance
Government grants — · Total revenue $682K
—
Earned-income share
Program service revenue $0 · Total revenue $682K
0%
Investment reliance
Investment income $0 · Total revenue $682K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $9K
0%
Growth & trend
Revenue growth (YoY)
This year $682K · Prior year $489K
+39%
Net-asset trend (YoY)
End of year $892K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $682K · Expenses $9K
+99%
Liabilities-to-Assets
Total liabilities — · Total assets $892K
—
Net-asset ratio
Net assets $892K · Total assets $892K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $100K · Total assets (Pt X, ln 16) $892K
11%
People & payroll
Highest Reported Total Compensation
Individual Stephanie McDaniel · Reported title PRESIDENT & CEO · Highest reported compensation $0 · Total expenses $9K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $9K
—
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 43%——
Overhead ratio 57%——
Fundraising cost ratio 0%——
Revenue growth 39%——
Accounting fee ratio 23%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President & CEO
$0Pt VII · Sec A
Chairman of the Board
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See The Graeme McDaniel Foundation executive salaries →

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Governance & Policies

Part VI
  • 5Voting board membersPt VI · Ln 1a
  • 5Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNo
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Funds research for congenital heart defects and supports affected families.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

1 program service account for $4K of program spending, described in the organization's own filed words · FY2024.
01

Raised over $750,000 in funds that provided grants for congenital heart defect research to hospitals and support for families affected by children with congentital heart defects. Funds of $4000 were granted to local hospitals to fund research and more than $500,000 will be granted in 2025.

$4Kprogram 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 · received and paid
Grants received · FY2024
See all 8 funders →
Grants paid · 18 grants · $1.7M · 2021–2025
Texas Children's HospitalTX · FY2025$130,000
Polyvascular INCFY2025$115,000
Ucsd School of Medicinerady Children's Hospital of San DiegoFY2025$100,000
Duke UniversityNC · FY2025$99,090
Ut Health Science Center at HoustonFY2025$94,270
Johns Hopkins UniversityMD · FY2025$57,000
Texas Children's HospitalTX · FY2023$150,000
Ut Health Science Center at HoustonFY2023$100,000
Duke UniversityNC · FY2023$99,999
Ut Health Science Center at HoustonFY2022$150,000
Texas Children's HospitalTX · FY2022$100,000
Texas Children's HospitalTX · FY2021$50,000

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest $893K$974K+31% 990 PDF
FY2024 $489K$416K+47% 990 PDF
FY2023 $334K$307K+96% 990 PDF
FY2022 $170K$51K 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

Full filing: Form 990 for FY2024

Every line we hold from the return, cited to its Part and line.
Part IX · Statement of functional expenses $9,416 across 6 lines filed
IX-2 Grants to domestic individualsPrograms $4,000$4,000
IX-11c Accounting feesManagement $2,200$2,200
IX-11g Other fees for servicesPrograms $23$23
IX-13 Office expensesManagement $182$182
IX-23 InsuranceManagement $327$327
IX-24 Other expenses (24a–d)Management $2,684$2,684
IX-25 Total functional expensesPrograms $4,023 · Management $5,393 · Fundraising $0$9,416

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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