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Nonprofiteer
← MARILYN MCGOWAN FOUNDATION INC

Form 990 for tax year 2024

Filed by MARILYN MCGOWAN FOUNDATION INC.

Totals

Total revenue
$209,648
Total expenses
$174,930
Contributions and grants received
$0
Grants paid
$110,675
Program service revenue
$0
Investment income
$209,648
Other revenue
$0
Total assets, end of year
$1,558,035
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,558,035
Program services expenses (Part IX)
$123,725
Management and general expenses
$51,205
Fundraising expenses
$0
Program service expenses (Part III)
$123,725

Program services were 70.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $42,912 · excluded $42,912

  • 7a · Gross sales of assets other than inventory

    securities $3,152,088

  • 7b · Less cost or other basis and sales expenses

    securities $2,985,352

  • 7c · Gain or loss

    securities $166,736

  • 7d · Net gain or loss

    total $166,736 · excluded $166,736

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $110,675 · program services $110,675

  • 5 · Compensation of officers, directors and key employees

    total $20,000 · program services $10,000 · management and general $10,000

  • 11c · Fees: accounting

    total $6,100 · program services $3,050 · management and general $3,050

  • 11f · Fees: investment management

    total $30,291 · management and general $30,291

  • 13 · Office expenses

    total $165 · management and general $165

  • 20 · Interest

    total $7,472 · management and general $7,472

  • 24a · Other expenses: FOREIGN TAXES PAID

    total $227 · management and general $227

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $40,427

  • 12 · Investments: other securities

    beginning of year $1,806,446 · end of year $1,517,608

  • 25 · Other liabilities

    beginning of year $297,506 · end of year $0

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,508,940 · end of year $1,558,035

Mission and programs · 2024

Mission

PROVIDING GRANTS TO NONPROFIT ORGANIZATIONS

  • PROVIDING GRANTS TO NONPROFIT ORGANIZATIONS

    Expenses $123,725 · Grants $110,675

As filed on the 2024 return.

Listed in Part VII

  • Jason Theriault

    TRUSTEE

    Total calculated
    $20,000
    From this org
    $20,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Arthur Theriault

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Marilyn McGowan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2024
Filed
11 November 2025
IRS schema version
2024v5.2
Source object
202523219349310417

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