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Nonprofiteer
← MCDONALD TRAINING CENTER FOUNDATION INC

Form 990 for tax year 2023

Filed by MCDONALD TRAINING CENTER FOUNDATION INC.

Totals

Total revenue
$256,837
Total expenses
$268,626
Contributions and grants received
$16,335
Grants paid
$166,044
Program service revenue
$0
Investment income
$240,502
Other revenue
$0
Total assets, end of year
$3,821,479
Total liabilities, end of year
$441,314
Net assets or fund balances, end of year
$3,380,165
Program services expenses (Part IX)
$166,044
Management and general expenses
$100,137
Fundraising expenses
$2,445
Program service expenses (Part III)
$166,044

Program services were 61.8% 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.

  • 1f · All other contributions, gifts and grants

    $16,335

  • 3 · Investment income

    total $240,502 · excluded $240,502

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $166,044 · program services $166,044

  • 11b · Fees: legal

    total $384 · management and general $384

  • 11c · Fees: accounting

    total $11,525 · management and general $11,525

  • 11f · Fees: investment management

    total $28,228 · management and general $28,228

  • 13 · Office expenses

    total $2,445 · fundraising $2,445

  • 24a · Other expenses: ADMINISTRATIVE CHARGES

    total $60,000 · management and general $60,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $61,667 · end of year $60,991

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,750

  • 11 · Investments: publicly traded securities

    beginning of year $3,202,448 · end of year $3,753,779

  • 15 · Other assets

    beginning of year $6,779 · end of year $6,709

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,022 · end of year $825

  • 25 · Other liabilities

    beginning of year $378,811 · end of year $440,489

  • 27 · Net assets without donor restrictions

    beginning of year $2,886,811 · end of year $3,380,165

Mission and programs · 2023

Mission

MACDONALD TRAINING CENTER FOUNDATION'S EXCLUSIVE PURPOSE IS TO PROVIDE SUPPORT FOR THE MISSION OF MACDONALD TRAINING CENTER, INC. (MTC), AN AFFILIATED CORPORATION ENTITY EXEMPT FROM TAXATION UNDER IRS CODE SECTION 501(C)(3). (CONTINUED ON SCHEDULE O)

Activities or mission (Part I)

TO PROVIDE SUPPORT FOR THE MISSION OF MACDONALD TRAINING CENTER, INC.SUCH SUPPORT INCLUDES FINANCIAL SUPPORT THROUGH CONTRIBUTIONS AND FUNDRAISING ACTIVITIES AND SPONSORING PROGRAMS AND EVENTS TO INCREASE COMMUNITY AWARENESS OF MTC AND ITS MISSION. MTC EMPOWERS PEOPLE WITH DISABILITIES TO LEAD THE LIVES THEY CHOOSE THROUGHOUT THE PROVISION OF INNOVATIVE, HIGH QUALITY, VOCATIONAL, AND LIFE ENRICHMENT DAY SERVICES, SUPPORTED LIVING SERVICES, AND EMPLOYEMENT SERVICES DESIGNED TO SHATTER TRADITIONAL SOCIETAL BARRIERS.

  • THE ORGANIZATION'S EXCLUSIVE PURPOSE IS TO PROVIDE RESOURCES IN SUPPORT OF THE ONGOING MISSION OF MACDONALD TRAINING CENTER, INC. (MTC), RELATED ENTITY EXEMPT FROM TAXATION UNDER IRS CODE SECTION 501(C)(3).MACDONALD TRAINING CENTER EMPOWERS PEOPLE WITH DISABILITIES TO LEAD THE LIVES THEY CHOOSE THROUGH THE PROVISION OF INNOVATIVE, HIGH QUALITY, VOCATIONAL AND LIFE ENRICHMENT DAY SERVICES, SUPPORTED LIVING SERVICES, AND EMPLOYMENT SERVICES DESIGNED TO SHATTER TRADITIONAL SOCIETAL BARRIERS.

    Expenses $166,044 · Grants $166,044

As filed on the 2023 return.

Listed in Part VII

  • Aaron Siberman

    CHAIR

    Total calculated
    $0
    Hours/week
    3

  • Jerry Fogarty III

    VICE CHAIR/TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Cindy Bauer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • J Richard Caskey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Patricia Spears

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Karenne Levy

    PRESIDENT & CEO

    Total calculated
    $137,555
    From this org
    $0
    From related orgs
    $137,555
    Other
    $0
    Hours/week
    10 + 30 related

  • Judith Destasio

    CFO

    Total calculated
    $96,855
    From this org
    $0
    From related orgs
    $96,855
    Other
    $0
    Hours/week
    6.4 + 57.6 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.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 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

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.

  • MACDONALD TRAINING CENTER INC

    501(C)(3) · EMPOWERS PEOPLE WITH DISABILITIES TO LEAD THE LIVES THEY CHOOSE · FL

    Directly controlled by MACDONALD TRAINING CENTER HOLDING CORP

  • MACDONALD TRAINING CENTER PROPERTIES INC

    501(C)(2) · HOLDING TITLE TO REAL & PERSONAL PROPERTY · FL

    Directly controlled by MACDONALD TRAINING CENTER HOLDING CORP

  • MACDONALD TRAINING CENTER HOLDING CORP

    501(C)(3) · HOLDING COMPANY · FL

Provenance

Return type
form_990
Tax year
2023
Filed
12 May 2025
IRS schema version
2023v6.0
Source object
202501339349301585

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