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Nonprofiteer
← MCLEAN FUND

Form 990 for tax year 2023

Filed by MCLEAN FUND.

Totals

Total revenue
$1,992,228
Total expenses
$2,544,330
Contributions and grants received
$622,828
Grants paid
$801,000
Program service revenue
$0
Investment income
$1,244,003
Other revenue
$125,397
Total assets, end of year
$63,439,265
Total liabilities, end of year
$150,324
Net assets or fund balances, end of year
$63,288,941
Program services expenses (Part IX)
$2,418,766
Management and general expenses
$125,564
Fundraising expenses
$0
Program service expenses (Part III)
$2,418,766

Program services were 95.1% 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.

  • 1f · All other contributions, gifts and grants

    $622,828

  • 3 · Investment income

    total $1,742,356 · excluded $1,742,356

  • 6a · Gross rents

    real property $120,000

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $120,000

  • 6d · Net rental income or loss

    total $120,000 · excluded $120,000

  • 7a · Gross sales of assets other than inventory

    securities $19,466,584

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

    securities $19,964,937

  • 7c · Gain or loss

    securities -$498,353

  • 7d · Net gain or loss

    total -$498,353 · excluded -$498,353

  • 11a · Other revenue: OTHER INCOME

    total $5,397 · excluded $5,397

  • 11e · Other revenue, total

    $5,397

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $801,000 · program services $801,000

  • 11b · Fees: legal

    total $18,873 · management and general $18,873

  • 11g · Fees: other

    total $1,611,676 · program services $1,611,676

  • 13 · Office expenses

    total $43,477 · management and general $43,477

  • 23 · Insurance

    total $63,214 · management and general $63,214

  • 24a · Other expenses: GRAVE RESTORATION

    total $6,034 · program services $6,034

  • 24b · Other expenses: CATERING

    total $56 · program services $56

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,277,865 · end of year $774,860

  • 4 · Accounts receivable

    beginning of year $43,138 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $42,140 · end of year $42,149

  • 10a · Land, buildings and equipment: cost or other basis

    $280,050

  • 10c · Land, buildings and equipment, net

    beginning of year $280,050 · end of year $280,050

  • 11 · Investments: publicly traded securities

    beginning of year $51,694,849 · end of year $62,040,780

  • 15 · Other assets

    beginning of year $525,866 · end of year $301,426

  • 17 · Accounts payable and accrued expenses

    beginning of year $224,562 · end of year $150,324

  • 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 $53,639,346 · end of year $63,288,941

Mission and programs · 2023

Mission

THE MCLEAN FUND CARRIES OUT THE PUBLIC AND CHARITABLE PURPOSES SET FORTH IN THE WILL OF SENATOR GEORGE P. MCLEAN. THE PURPOSES OF THE FUND ARE THE SUPPORT OF THE MCLEAN GAME REFUGE, A 501(C)(3) NATURE PRESERVE OF OVER 4,400 ACRES THAT IS OPEN TO THE PUBLIC, AND SUPPORT OF MCLEAN AFFILIATES, A 501(C)(3) ORGANIZATION WHICH PROVIDES CARE, MAINTENANCE, WELFARE, SUPPORT, NURSING AND MEDICAL ASSISTANCE TO ITS RESIDENTS AND COMMUNITY AT LARGE.

  • THIS FUNDING IS TO SUPPORT MCLEAN AFFILIATES, INC. (EIN #26-1960246) IN PROVIDING CARE, MAINTENANCE, WELFARE, SUPPORT, NURSING AND MEDICAL ASSISTANCE TO ITS RESIDENTS AND THE COMMUNITY AT LARGE. MCLEAN AFFILIATES PROGRAM METRICS: A) LONG TERM CARE - 19,125 INPATIENT DAYS; B) POST ACUTE REHABILITATION 4,915 INPATIENT DAYS; C) ASSISTED LIVING 16,447 DAYS OF CARE; D) HOSPICE 7,346 VISITS; E) HOME CARE 8,600 CLIENT VISITS; F) HOME DELIVERED MEALS 9,854; G) AND OUTPATIENT REHABILITATION SERVICES 6,668 VISITS.

    Expenses $500,000 · Grants $500,000

  • THIS FUNDING IS TO SUPPORT THE MCLEAN GAME REFUGE, INC. (EIN #26-1960261) WHICH IS A NATURAL PRESERVE TOTALING OVER 4,400 ACRES IN THE TOWNS OF GRANBY, SIMSBURY, AND CANTON, CONNECTICUT. THE GAME REFUGE IS OPEN TO THE PUBLIC FOR NATURE STUDY AND RECREATION WITHOUT CHARGE ON A YEAR ROUND BASIS. IT IS RECOGNIZED BY THE NATIONAL PARK SERVICE AS A NATIONAL NATURAL AREA.

    Expenses $301,000 · Grants $301,000

  • MCLEAN FUND ENGAGED EXPERTS IN THE FIELDS OF MARKETING, HEALTH CARE REIMBURSEMENT, ATTORNEYS, AND SENIOR LIVING CONSULTANTS TO DEVELOP STRATEGIES THAT MAKE GOOD USE OF THE FUND'S ASSETS IN EVOLVING THE FIELD OF PROVIDING SENIOR CITIZEN SERVICES.

    Expenses $1,617,766

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Michael Paine

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    3 + 5 related

  • Kathleen Alsgaard

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 2.5 related

  • James Cox-Chapman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1.5 + 2.5 related

  • Jared Grise

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2.5 + 3.5 related

  • Denis Horrigan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 2.5 related

  • Linda Schofield

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2.5 + 3 related

  • Philip Schulz

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 3.5 related

  • Mark Wetzel

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 3 related

  • Lisa Clark

    PRESIDENT

    Total calculated
    $373,256
    From this org
    $0
    From related orgs
    $324,090
    Other
    $49,166
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $294,818 related
    Bonus
    $0 + $29,272 related
    Other
    $0
    Deferred
    $0 + $35,079 related
    Nontaxable benefits
    $0 + $14,087 related
    Filer's total
    $0 + $373,256 related

  • Carol Barno

    VP OF FINANCE AND CFO

    Total calculated
    $272,647
    From this org
    $0
    From related orgs
    $243,937
    Other
    $28,710
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $221,904 related
    Bonus
    $0 + $22,033 related
    Other
    $0
    Deferred
    $0 + $25,781 related
    Nontaxable benefits
    $0 + $2,929 related
    Filer's total
    $0 + $272,647 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE OFFICERS ARE COMPENSATED BY A RELATED ORGANIZATION. THE RELATED ORGANIZATION USES THE FOLLOWING METHODS TO ESTABLISH THEIR COMPENSATION: - COMPENSATION COMMITTEE - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. - INDEPENDENT COMPENSATION SURVEYS ARE CONDUCTED ANNUALLY. THE COMPENSATION COMMITTEE ANNUALLY REVIEWS THE PAY STRUCTURE FOR THE CURRENT AND NEXT FISCAL YEAR. INDEPENDENT ANALYSIS IS DONE AS NEEDED WHEN DIRECTED BY THE BOARD.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • MCLEAN AFFILIATES INC

    501(C)(3) · PROVIDE CARE, MAINTENANCE, WELFARE, SUPPORT, NURSING AND MEDICAL ASSISTANCE · CT · controlled entity

    Directly controlled by MCLEAN FUND

  • MCLEAN GAME REFUGE INC

    501(C)(3) · MAINTAIN OVER 4,400 ACRES OF NATURE PRESERVE OPEN TO THE PUBLIC YEAR ROUND · CT · controlled entity

    Directly controlled by MCLEAN FUND

Provenance

Return type
form_990
Tax year
2023
Filed
13 August 2025
IRS schema version
2023v6.0
Source object
202532259349302493

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