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← GRAEME MCDANIEL FOUNDATION

Form 990 for tax year 2024

Filed by GRAEME MCDANIEL FOUNDATION.

Totals

Total revenue
$682,360
Total expenses
$9,416
Contributions and grants received
$268,459
Grants paid
$4,000
Program service revenue
$0
Investment income
$0
Other revenue
$413,901
Total assets, end of year
$891,858
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$891,858
Program services expenses (Part IX)
$4,023
Management and general expenses
$5,393
Fundraising expenses
$0
Program service expenses (Part III)
$4,023

Program services were 42.7% 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.

  • 1f · All other contributions, gifts and grants

    $268,459

  • 8a · Fundraising events: gross income

    $490,051

  • 8b · Fundraising events: direct expenses

    $76,150

  • 8c · Net income from fundraising events

    total $413,901 · excluded $413,901

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $4,000 · program services $4,000

  • 11c · Fees: accounting

    total $2,200 · management and general $2,200

  • 11g · Fees: other

    total $23 · program services $23

  • 13 · Office expenses

    total $182 · management and general $182

  • 23 · Insurance

    total $327 · management and general $327

  • 24a · Other expenses: SOFTWARE FEES

    total $1,972 · management and general $1,972

  • 24b · Other expenses: BANK & MERCHANT CHARGES

    total $712 · management and general $712

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $118,914 · end of year $791,858

  • 12 · Investments: other securities

    beginning of year $100,000 · end of year $100,000

  • 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 $218,914 · end of year $891,858

Mission and programs · 2024

Mission

THE GRAEME MCDANIEL FOUNDATION IS DEDICATED TO FUNDING CONGENITAL HEART DEFECT RESEARCH AND SUPPORTING HEART FAMILIES IN A CHARITABLE CAPACITY.

  • RAISED OVER $750,000 IN FUNDS THAT PROVIDED GRANTS FOR CONGENITAL HEART DEFECT RESEARCH TO HOSPITALS AND SUPPORT FOR FAMILIES AFFECTED BY CHILDREN WITH CONGENTITAL HEART DEFECTS. FUNDS OF $4000 WERE GRANTED TO LOCAL HOSPITALS TO FUND RESEARCH AND MORE THAN $500,000 WILL BE GRANTED IN 2025.

    Expenses $4,023 · Grants $4,000 · Revenue $758,510

As filed on the 2024 return.

Listed in Part VII

  • STEPHANIE MCDANIEL

    PRESIDENT & CEO

    Total calculated
    $0
    Hours/week
    30
  • ROBBY MCDANIEL

    CHAIRMAN OF THE BOARD

    Total calculated
    $0
    Hours/week
    3
  • JOSH VERBOUT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • SAMMY MCDANIEL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • JERRY VERBOUT

    BOARD MEMBER

    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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
14 February 2025
IRS schema version
2024v5.0
Source object
202510459349300346

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