Civic Intelligence

Mclean Foundation Inc

990 • Fiscal year 2015 • EIN 23-7032779

Oct 01, 2014 to Sep 30, 2015 • Filed on Apr 19, 2016

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75 Great Pond RoadSimsbury, CT 06070

(860) 658-3700

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

13th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

13th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

84th percentile

27%

Higher net margin than 84% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

95th percentile

$344,396

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 120.5% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

19th percentile

-6.3%

Faster asset growth than 19% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

14th percentile

-22%

Faster revenue growth than 14% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Down

$4,034,525

Down $269,050 (-6.3%) from 2014

Net Assets

Down

$4,034,525

Down $269,050 (-6.3%) from 2014

Liabilities

Flat

$0

Flat from 2014

Revenue

Down

$285,801

Down $79,600 (-22%) from 2014

Expenses

Down

$208,554

Down $131,983 (-39%) from 2014

Net Income

Up

$77,247

Up $52,383 (+211%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2010: $5,024,190Liabilities 2010: $20,037Net Assets 2010: $5,004,1532010Assets 2012: $4,873,880Liabilities 2012: $14,526Net Assets 2012: $4,859,3542012Assets 2013: $4,389,683Liabilities 2013: $0Net Assets 2013: $4,389,6832013Assets 2014: $4,303,575Liabilities 2014: $0Net Assets 2014: $4,303,5752014Assets 2015: $4,034,525Liabilities 2015: $0Net Assets 2015: $4,034,5252015Assets 2016: $4,154,839Liabilities 2016: $0Net Assets 2016: $4,154,8392016Assets 2017: $4,338,855Liabilities 2017: $0Net Assets 2017: $4,338,8552017

Highlighted filing

2015

Assets$4,034,525
Liabilities$0
Net Assets$4,034,525

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2010: $480,4822010Expenses 2012: $1,530,7742012Expenses 2013: $384,2572013Revenue 2014: $365,401Expenses 2014: $340,537Net Income 2014: $24,8642014Revenue 2015: $285,801Expenses 2015: $208,554Net Income 2015: $77,2472015Revenue 2016: $126,931Expenses 2016: $162,313Net Income 2016: -$35,3822016Revenue 2017: $193,476Expenses 2017: $329,448Net Income 2017: -$135,9722017

Highlighted filing

2015

Revenue$285,801
Expenses$208,554
Net Income$77,247
Jump To
Filing Snapshot
Filing Period
Oct 1, 2014 to Sep 30, 2015
Signed
Apr 19, 2016
Return Version
2014v6.0
Gross Receipts
$285,801
Mission and Program Overview

Mission

The mission of the McLean Foundation, Inc. is to receive, maintain, and apply funds to promote and engage in activities in furtherance of the public welfare principally by supporting and assisting the mission and programs of McLean Affiliates, Inc. (EIN#26-1960246) and McLean Game Refuge, Inc. (EIN# 26-1960261).

The mission of the McLean Foundation is to receive, maintain, and apply funds to promote and engage in activities in furtherance of the public welfare principally by supporting and assisting the mission and programs of McLean Affiliates, Inc. (EIN#26-1960246) and McLean Game Refuge, Inc. (EIN# 26-1960261).

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$4,303,575$4,034,525▼ $269,050
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Land, Buildings, and Equipment, Net$0--
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$4,303,575$4,034,525▼ $269,050
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0--
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Permanently Rstr Net Assets$3,306,270$3,081,348▼ $224,922
Temporarily Rstr Net Assets$997,305$953,177▼ $44,128
Unrestricted Net Assets$0$0→ $0
Total Net Assets Fund Balance$4,303,575$4,034,525▼ $269,050
Total Liabilities and Net Assets / Fund Balance$4,303,575$4,034,525▼ $269,050

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$3,554,269$82,250▼ $79,134$0$3,348,831
2013$3,697,246$24,000▲ $173,560$0$3,554,269
2012$3,430,272$52,000▲ $394,356$0$3,697,246
2011$2,908,072$158,820▲ $449,125$0$3,430,272
2010$2,910,829$54,875▼ $9,942$0$2,908,072
Compensation and Service Providers

Employees

NameTitleOtherTotal
Lisa ClarkDirector$182,677$182,677

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$82,250
Program Service Revenue
$0
Investment Income
$203,551
Other Revenue
$0
All Other Contributions
$0
Change in Net Assets
$77,247
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$208,554
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$208,554--$208,554
Total Functional Expenses$208,554$0$0$208,554
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
McLean Affiliates IncSimsbury, CT501 (c)(3)The majority of the grant ($203,552) went to support the Sorenson Media Center which provides services to homebound and elderly persons in the McLean Affiliates, Inc. services area, aimed at enhancing communications and reducing isolation.$208,554
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Form 990, Part VI, Section A, Line 2 - Mark Wetzel, Chairman of the Board of McLean Fund and McLean Game Refuge, Inc. is the President of Fiduciary Investment Advisors, an investment advisory firm that provides advice to McLean Fund and its controlled entities. We consider Mr. Wetzel not to be an independent director. Michael Paine, a trustee of McLean Fund and director of McLean Game Refuge, Inc. is the President of Paine's Inc. McLean Affiliates, Inc. and McLean Game Refuge, Inc. both controlled entities of McLean Fund have waste collection contract with Paine's Inc. We consider Mr. Paine not to be an independent director. Martin Geitz, a trustee of McLean Fund, Inc. and Director of McLean Game Refuge, Inc is President of Simsbury Bank. McLean Affiliates, Inc has a banking relationship in the form of bank accounts and certificates of deposit with the Bank. We consider Mr. Geitz to be an independent director. David Bordonaro, Augusto Gautier, and Lisa Clark, all officers of McLean Game Refuge, Inc have a Business relationsuhip with the directors as they are employeed by a related organization governed by these directors.

Form 990, Part VI, Section A, Line 7A

Form 990, Part VI, Section A, Line 7a - The Directors of McLean Foundation, Inc. are appointed by the Trustees of McLean Fund.

Form 990, Part VI, Section A, Line 7B

Form 990, Part VI, Section A, Line 7b - The decisions of Directors of the McLean Foundation, Inc are approved by the Trustees of McLean Fund.

Form 990, Part VI, Section B, Line 11B

Form 990, Part VI, Section B, Line 11b - The McLean Foundation, Inc. Form 990 is prepared by the Finance office staff including the Vice President of Finance. The Form 990 is reviewed by the audit committee of the Board of Trustees of the McLean Fund. Two of the three members of this committee are also Directors of the McLean Foundation, Inc. The Form 990 is provided to the Board of Directors prior to the board meeting in which the audit committee chairman reports the committee's conclusion to the Board of Directors of McLean Foundation, Inc.

Form 990, Part VI, Section B, Line 12C

Form 990, Part VI, Section B, Line 12c - The organization requires annual disclosure of duality of interest from its Directors and Officers.

Form 990, Part VI, Section B, Line 15

Form 990, Part VI, Section B Line 15 - The organization uses several compensation surveys which are used by the Board's Compensation Committee to recommend to the full Board the President's compensation package.

Form 990, Part VI, Section C, Line 19

Form 990, Part VI, Section C, Line 19 - The governing documents are available upon request. The Code of Conduct is available on the website. Financial Information for McLean Foundation, Inc is included in Form 990 which is available to the public via public websites.

Filing and Contact Details

Filer

Filer Name
Mclean Foundation Inc
EIN
23-7032779
Phone
8606583700
Address
75 Great Pond Road, Simsbury, CT 06070

Signing Officer

Name
Carol Barno
Title
VP of Finance
Phone
8606383759
Signed
2016-04-19

Organization Details

Principal Officer
David Bordonaro
Formed
1969
Legal Domicile
Ct
Voting Board Members
8
Independent Board Members
6
Employees
0
Volunteers
309
Supplemental Narrative

Financial Statement Notes

Schedule D, Part V, Line 4

Schedule D, Part V, Line 4 - The permanent endowment fund of the McLean Foundation, Inc. provides income to fund the initiatives of the Sorenson Adaptive Technology Center which offers video and audit equipment and information for people with low vision, hearing impairments, and other physically restrictive conditions. This therapeutic approach decreases isolation and increases communication among elderly and/or disable individuals.

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IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
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IRS990/InvestmentExpenseAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt0203551
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0203551
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt00
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt04303575
IRS990/InvestmentsPubTradedSecGrp/EOYAmt04034525
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LegalDomicileStateCd0CT
IRS990/LoanOutstandingInd00
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IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0The mission of the McLean Foundation, Inc. is to receive, maintain, and apply funds to promote and engage in activities in furtherance of the public welfare principally by supporting and assisting the mission and programs of McLean Affiliates, Inc. (EIN#26-1960246) and McLean Game Refuge, Inc. (EIN# 26-1960261).
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/NetAssetsOrFundBalancesEOYAmt04034525
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-346297
IRS990/NoncashContributionsAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherRevenueTotalAmt00
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IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt00
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IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OtherWebsiteInd0X
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IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt00
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IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt00
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt03306270
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt03081348
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0David Bordonaro
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0Funds supporting various programs of McLean Affiliates.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt05002
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt024000
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IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt077247
IRS990/RegularMonitoringEnfrcInd01
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IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt082250
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IRS990/ReportOtherLiabilitiesInd00
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IRS990/RevenueAmt00
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Schedule A, Part II, Line 10 - Other income through fiscal year ending September 30, 2012 represented proceeds from the fundraising golf tournament and from gift shop sales. For fiscal year 2013 and 2014 these activities were operated by McLean Affiliates, Inc. an affiliated entity
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part II, Line 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt082250
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt024000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt052000
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0636621
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01216520
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IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0176314
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IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt072502
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt065799
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0138301
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.52306
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IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsPY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt082250

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