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← MCKENNA FOUNDATION

Form 990 for tax year 2023

Filed by MCKENNA FOUNDATION.

Totals

Total revenue
$4,238,135
Total expenses
$3,602,858
Contributions and grants received
$26,200
Grants paid
$2,433,164
Program service revenue
$0
Investment income
$4,211,935
Other revenue
$0
Total assets, end of year
$80,458,835
Total liabilities, end of year
$7,070,482
Net assets or fund balances, end of year
$73,388,353
Program services expenses (Part IX)
$3,095,288
Management and general expenses
$507,570
Fundraising expenses
$0
Program service expenses (Part III)
$3,095,288

Program services were 85.9% 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

    $26,200

  • 3 · Investment income

    total $2,236,321 · excluded $2,236,321

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $5,502,130

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

    securities $3,526,516

  • 7c · Gain or loss

    securities $1,975,614

  • 7d · Net gain or loss

    total $1,975,614 · excluded $1,975,614

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,433,164 · program services $2,433,164

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $259,844 · program services $259,844

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $77,771 · program services $77,771

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $233,312 · management and general $233,312

  • 11g · Fees: other

    total $34,492 · management and general $34,492

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $38,280 · program services $38,280

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $17,160 · program services $17,160

  • 17 · Travel

    total $3,802 · program services $3,802

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $31,532 · management and general $31,532

  • 24a · Other expenses: GENERAL ALLOCATION OF OVERHEAD

    total $410,124 · program services $205,062 · management and general $205,062

  • 24b · Other expenses: PUBLIC RELATIONS

    total $25,071 · program services $25,071

  • 24c · Other expenses: DUES AND PUBLICATIONS

    total $16,758 · program services $16,758

  • 24d · Other expenses: COMPUTER SOFTWARE

    total $5,250 · program services $5,250

  • 24e · All other expenses

    total $16,298 · program services $13,126 · management and general $3,172

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $228,342 · end of year $844,668

  • 2 · Savings and temporary cash investments

    beginning of year $216,179 · end of year $173,015

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $39,922 · end of year $58,156

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

    $34,425

  • 10b · Land, buildings and equipment: accumulated depreciation

    $34,425

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $75,041,989 · end of year $76,936,953

  • 12 · Investments: other securities

    beginning of year $2,210,970 · end of year $2,446,043

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,077 · end of year $1,598

  • 18 · Grants payable

    beginning of year $2,686,721 · end of year $2,180,580

  • 25 · Other liabilities

    beginning of year $6,098,639 · end of year $4,888,304

  • 27 · Net assets without donor restrictions

    beginning of year $66,523,816 · end of year $70,769,295

  • 28 · Net assets with donor restrictions

    beginning of year $2,427,149 · end of year $2,619,058

Mission and programs · 2023

Mission

MCKENNA FOUNDATION ACTIVELY PROVIDES SERVICES TO ENHANCE THE HEALTH AND WELL-BEING OF THE GREATER NEW BARUNFELS COMMUNITY, SERVING AS A PARTNER AND RESOURCE TO OTHERS WHO SHARE OUR GOALS-NOW AND FOR FUTURE GENERATIONS.

  • MCKENNA FOUNDATION ACTIVELY PROVIDES SERVICES TO ENHANCE THE HEALTH AND WELL-BEING OF THE GREATER NEW BARUNFELS COMMUNITY, SERVING AS A PARTNER AND RESOURCE TO OTHERS WHO SHARE OUR GOALS-NOW AND FOR FUTURE GENERATIONS.

    Expenses $3,095,288 · Grants $2,433,164

As filed on the 2023 return.

Listed in Part VII

  • Alice Jewell

    CEO

    Total calculated
    $224,703
    From this org
    $0
    From related orgs
    $203,313
    Other
    $21,390
    Hours/week
    38 + 2 related

    Schedule J breakdown matched by us

    Base
    not reported + $203,193 related
    Bonus
    not reported
    Other
    not reported + $120 related
    Deferred
    not reported + $12,192 related
    Nontaxable benefits
    not reported + $9,198 related
    Filer's total
    not reported + $224,703 related

  • Chandra Engelke

    CFO

    Total calculated
    $151,546
    From this org
    $0
    From related orgs
    $141,950
    Other
    $9,596
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    not reported + $141,950 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported + $9,596 related
    Filer's total
    not reported + $151,546 related

  • Cecil Eager

    Director

    Total calculated
    $0
    Hours/week
    2

  • Lorrie Coles

    Director

    Total calculated
    $0
    Hours/week
    2

  • Julie Garcia

    Director

    Total calculated
    $0
    Hours/week
    2

  • Robert Hunt

    Director

    Total calculated
    $0
    Hours/week
    2

  • Stephanie Bascon

    Director

    Total calculated
    $0
    Hours/week
    2

  • Tim Owens

    Director

    Total calculated
    $0
    Hours/week
    2

  • Joe Castilleja

    Director

    Total calculated
    $0
    Hours/week
    2

  • David Glazener

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Melissa Krause

    CHAIR

    Total calculated
    $0
    Hours/week
    2 + 1 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

  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

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

The 10 largest by cash amount. The API serves every itemized grant.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202433179349305463

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

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