Skip to content
Nonprofiteer
← MARILYN MCGOWAN FOUNDATION INC

Form 990 for tax year 2023

Filed by MARILYN MCGOWAN FOUNDATION INC.

Totals

Total revenue
$61,174
Total expenses
$96,142
Contributions and grants received
$0
Grants paid
$43,288
Program service revenue
$0
Investment income
$61,174
Other revenue
$0
Total assets, end of year
$1,806,446
Total liabilities, end of year
$297,506
Net assets or fund balances, end of year
$1,508,940
Program services expenses (Part IX)
$50,788
Management and general expenses
$45,354
Fundraising expenses
$0
Program service expenses (Part III)
$50,788

Program services were 52.8% 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 $48,881 · excluded $48,881

  • 7a · Gross sales of assets other than inventory

    securities $1,832,426

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

    securities $1,820,133

  • 7c · Gain or loss

    securities $12,293

  • 7d · Net gain or loss

    total $12,293 · excluded $12,293

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $43,288 · program services $43,288

  • 5 · Compensation of officers, directors and key employees

    total $15,000 · program services $7,500 · management and general $7,500

  • 11f · Fees: investment management

    total $34,221 · management and general $34,221

  • 13 · Office expenses

    total $877 · management and general $877

  • 20 · Interest

    total $1,983 · management and general $1,983

  • 24a · Other expenses: FOREIGN TAXES PAID

    total $773 · management and general $773

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $55,097 · end of year $0

  • 12 · Investments: other securities

    beginning of year $1,353,283 · end of year $1,806,446

  • 25 · Other liabilities

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

  • 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 $1,408,380 · end of year $1,508,940

Mission and programs · 2023

Mission

PROVIDING GRANTS TO NONPROFIT ORGANIZATIONS

  • PROVIDING GRANTS TO NONPROFIT ORGANIZATIONS

    Expenses $50,788 · Grants $43,288

As filed on the 2023 return.

Listed in Part VII

  • Jason Theriault

    TRUSTEE

    Total calculated
    $15,000
    From this org
    $15,000
    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

  • THE CHAPIN SCHOOL

    $25,000

    GENERAL SCHOOL OPERATIONS

  • EMMANUEL LUTHERAN CHURCH

    $10,000

    GENERAL PROGRAM OPERATIONS

Provenance

Return type
form_990
Tax year
2023
Filed
23 October 2024
IRS schema version
2023v5.1
Source object
202403049349301850

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.