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← FRIENDS OF MCMASTER INCORPORATED

Form 990 for tax year 2022

Filed by FRIENDS OF MCMASTER INCORPORATED.

Totals

Total revenue
$2,757,689
Total expenses
$2,757,453
Contributions and grants received
$2,757,689
Grants paid
$2,756,089
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$2,002,637
Total liabilities, end of year
$2,001,909
Net assets or fund balances, end of year
$728
Program services expenses (Part IX)
$2,756,089
Management and general expenses
$1,364
Fundraising expenses
$0
Program service expenses (Part III)
$2,756,089

Program services were 100.0% 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

    $2,757,689

  • 1g · Noncash contributions included above

    $118,469

  • 3 · Investment income

    total $0

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

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $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 $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $2,756,089 · program services $2,756,089

  • 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 $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 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 $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 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 $0

  • 24a · Other expenses: BANK CHARGES & FILING FEES

    total $1,364 · management and general $1,364 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,404,042 · end of year $2,002,412

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $5,300 · end of year $225

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,403,550 · end of year $2,001,909

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $5,300 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $492 · end of year $728

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

FRIENDS OF MCMASTER, INC.'S PURPOSE IS TO SOLICIT, RECEIVE, MANAGE AND DISTRIBUTE MONEY AND OTHER PROPERTY TO SUPPORT EDUCATION AND RESEARCH AT MCMASTER UNIVERSITY.

Activities or mission (Part I)

DISTRIBUTE MONEY AND OTHER PROPERTY TO SUPPORT EDUCATION AND RESEARCH AT MCMASTER UNIVERSITY.

  • Grants to McMaster University to assist in academic and research programs including scholarship.

    Expenses $2,756,089 · Grants $2,756,089

As filed on the 2022 return.

Listed in Part VII

  • Martin Deborah

    President

    Total calculated
    $280,563
    From this org
    $0
    From related orgs
    $244,188
    Other
    $36,375
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $189,810 related
    Bonus
    not reported + $31,657 related
    Other
    not reported + $22,721 related
    Deferred
    not reported + $18,256 related
    Nontaxable benefits
    not reported + $18,119 related
    Filer's total
    not reported + $280,563 related

  • Mary Williams

    N/A

    Total calculated
    $241,039
    From this org
    $0
    From related orgs
    $214,559
    Other
    $26,480
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $108,503 related
    Bonus
    not reported + $102,097 related
    Other
    not reported + $3,959 related
    Deferred
    not reported + $9,830 related
    Nontaxable benefits
    not reported + $16,650 related
    Filer's total
    not reported + $241,039 related

  • Paul Grossman

    Director

    Total calculated
    $178,620
    From this org
    $0
    From related orgs
    $150,107
    Other
    $28,513
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $132,978 related
    Bonus
    not reported + $17,129 related
    Other
    not reported
    Deferred
    not reported + $16,026 related
    Nontaxable benefits
    not reported + $12,487 related
    Filer's total
    not reported + $178,620 related

  • Lou M Mitton

    Treasurer

    Total calculated
    $160,669
    From this org
    $0
    From related orgs
    $134,697
    Other
    $25,972
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $134,697 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $16,258 related
    Nontaxable benefits
    not reported + $9,714 related
    Filer's total
    not reported + $160,669 related

  • Janice St Denis

    Director

    Total calculated
    $152,548
    From this org
    $0
    From related orgs
    $128,348
    Other
    $24,200
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $116,514 related
    Bonus
    not reported + $11,834 related
    Other
    not reported
    Deferred
    not reported + $12,950 related
    Nontaxable benefits
    not reported + $11,250 related
    Filer's total
    not reported + $152,548 related

  • Lorna Embury Somers

    Secretary

    Total calculated
    $150,422
    From this org
    $0
    From related orgs
    $129,525
    Other
    $20,897
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $96,010 related
    Bonus
    not reported + $33,515 related
    Other
    not reported
    Deferred
    not reported + $10,597 related
    Nontaxable benefits
    not reported + $10,300 related
    Filer's total
    not reported + $150,422 related

  • Ryan Liddell

    Director

    Total calculated
    $142,526
    From this org
    $0
    From related orgs
    $120,086
    Other
    $22,440
    Hours/week
    0 + 40 related

  • Lauren Cuddy

    Director

    Total calculated
    $0
    Hours/week
    0 + 1 related

  • Natraj Ramachandran

    Director

    Total calculated
    $0
    Hours/week
    0 + 1 related

  • Gary Stein

    Director

    Total calculated
    $0
    Hours/week
    0 + 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

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

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

No itemized grants to organizations 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.

  • McMaster University

    501(C)(3) · Education · CA

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2022
Filed
21 August 2023
IRS schema version
2022v5.0
Source object
202333139349301983

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