Civic Intelligence

The Will Mclean Foundation Inc

990EZ • Fiscal year 2019 • EIN 59-2997497

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 06, 2020

1056 Osowaw BlvdSpring Hill, FL 34607

(352) 465-2167

Siviq Scores

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

Liabilities / Assets

60th percentile

0.00x

Higher debt load relative to assets than 60% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

71st percentile

0.02x

Higher debt load relative to revenue than 71% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

68th percentile

14%

Higher net margin than 68% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

76th percentile

28%

Faster asset growth than 76% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

66th percentile

13%

Faster revenue growth than 66% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Up

$466,411

Up $102,000 (+28%) from 2018

Net Assets

Up

$464,986

Up $101,531 (+28%) from 2018

Liabilities

Up

$1,425

Up $469 (+49%) from 2018

Revenue

Up

$64,528

Up $7,198 (+13%) from 2018

Expenses

Down

$55,774

Down $1,985 (-3.4%) from 2018

Net Income

Up

$8,754

Up $9,183 (+2141%) from 2018

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2015: $323,398Liabilities 2015: $02015Assets 2016: $333,180Liabilities 2016: $02016Assets 2017: $375,766Liabilities 2017: $0Net Assets 2017: $375,7662017Assets 2018: $364,411Liabilities 2018: $956Net Assets 2018: $363,4552018Assets 2019: $466,411Liabilities 2019: $1,425Net Assets 2019: $464,9862019Assets 2020: $493,903Liabilities 2020: $2,005Net Assets 2020: $491,8982020Assets 2021: $569,530Liabilities 2021: $1,925Net Assets 2021: $567,6052021Assets 2022: $1,657,905Liabilities 2022: $1,327Net Assets 2022: $1,656,5782022Assets 2023: $1,718,486Liabilities 2023: $7,292Net Assets 2023: $1,711,1942023Assets 2024: $1,721,823Liabilities 2024: $10,397Net Assets 2024: $1,711,4262024

Highlighted filing

2019

Assets$466,411
Liabilities$1,425
Net Assets$464,986

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2015: $69,800Expenses 2015: $38,363Net Income 2015: $31,4372015Revenue 2016: $59,403Expenses 2016: $49,621Net Income 2016: $9,7822016Revenue 2017: $69,296Expenses 2017: $55,460Net Income 2017: $13,8362017Revenue 2018: $57,330Expenses 2018: $57,759Net Income 2018: -$4292018Revenue 2019: $64,528Expenses 2019: $55,774Net Income 2019: $8,7542019Revenue 2020: $92,847Expenses 2020: $47,083Net Income 2020: $45,7642020Revenue 2021: $22,346Expenses 2021: $11,996Net Income 2021: $10,3502021Revenue 2022: $1,302,789Expenses 2022: $125,432Net Income 2022: $1,177,3572022Revenue 2023: $309,889Expenses 2023: $321,121Net Income 2023: -$11,2322023Revenue 2024: $329,577Expenses 2024: $345,546Net Income 2024: -$15,9692024

Highlighted filing

2019

Revenue$64,528
Expenses$55,774
Net Income$8,754
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 6, 2020
Return Version
2019v5.0
Gross Receipts
$64,528
Mission and Program Overview

Mission

The will mclean foundation was established shortly before will's death in january 1990. Incorporated by the state of florida as a not-for-profit organization, its goals are to promote, in the state of florida and elsewhere, the works of wlll mclean and the works of other florida artists provide for research, education, performance and training to promote understanding and appreciation of the works of florida's artists provide facilities, programs and educational materials to promote involvement by nonprofessional and professional communities alike, in the artistic and educational fields provide loans, scholarships and grants to students, organizations and/ or specific individuals in the community for the promulgation of artistic productions in specified area. A valued executive committee of volunteers gives hundreds of hours each year to fulfill the goals of the foundation. The board of directors and the executive committee consist of all volunteers who labor tirelessly to fulfill mcle

Program Services

DescriptionGrantsExpenses
ART & MUSIC EDUCATION INSTRUCTION-$50,756
ART & MUSIC EDUCATION-$4,518
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
JEAN DINELLA-MCCORMICKPresident-$0--
JON SEMMESVP-$0--
INGRID SCHAPERTreasurer-$0--
LYNN WODJENSKISecretary-$0--
Filing and Contact Details

Filer

Filer Name
The Will Mclean Foundation Inc
EIN
59-2997497
Phone
3524652167
Address
1056 OSOWAW BLVD, SPRING HILL, FL 34607

Signing Officer

Name
Ingrid Schaper
Title
Treasurer
Phone
3524652167
Signed
2020-11-06
Discuss with paid preparer
Yes

Preparer

Firm
Schlumberger-jones CPA & Co
Address
6220 W CORPORATE OAKS DR, CRYSTAL RIVER, FL 34429
Preparer
Robert Schlumberger Ea
Phone
3527953691
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses website fees 479 avertising 292 ascap /bmi fees 491 state annual report fee 62 willfest expenses 42,426 sunday concert expenses 8,330 accounting 2,458 interset 26 insurance 423 office & postage expenses 613 total 55,600

Form 990-ez, Part I, Line 20

Unrealized loss on investments 92,850 book / tax depreciation difference -73

Form 990-ez, Part II, Line 24

Prepaid expenses and deferred charges 6,268 6,268 365 365 less accumulated depreciation 61 134 weitz funds 348,203 441,134 total 354,775 447,633

Form 990-ez, Part II, Line 26

Deferred revenue 956 1,425

Form 990-ez, Part III

The will mclean foundation was established shortly before will's death in january 1990. Incorporated by the state of florida as a not-for-profit organization, its goals are to promote, in the state of florida and elsewhere, the works of wlll mclean and the works of other florida artists provide for research, education, performance and training to promote understanding and appreciation of the works of florida's artists provide facilities, programs and educational materials to promote involvement by nonprofessional and professional communities alike, in the artistic and educational fields provide loans, scholarships and grants to students, organizations and/ or specific individuals in the community for the promulgation of artistic productions in specified area. A valued executive committee of volunteers gives hundreds of hours each year to fulfill the goals of the foundation. The board of directors and the executive committee consist of all volunteers who labor tirelessly to fulfill mclean's dream of passing on the history of florida to the next generation.

Form 990-ez, Part III, Line 31

ART & MUSIC EDUCATION

Raw XML Appendix155 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/PrimaryExemptPurposeTxt0THE WILL MCLEAN FOUNDATION WAS ESTABLISHED SHORTLY BEFORE WILL'S DEATH IN JANUARY 1990. INCORPORATED BY THE STATE OF FLORIDA AS A NOT-FOR-PROFIT ORGANIZATION, ITS GOALS ARE TO PROMOTE, IN THE STATE OF FLORIDA AND ELSEWHERE, THE WORKS OF WLLL MCLEAN AND THE WORKS OF OTHER FLORIDA ARTISTS PROVIDE FOR RESEARCH, EDUCATION, PERFORMANCE AND TRAINING TO PROMOTE UNDERSTANDING AND APPRECIATION OF THE WORKS OF FLORIDA'S ARTISTS PROVIDE FACILITIES, PROGRAMS AND EDUCATIONAL MATERIALS TO PROMOTE INVOLVEMENT BY NONPROFESSIONAL AND PROFESSIONAL COMMUNITIES ALIKE, IN THE ARTISTIC AND EDUCATIONAL FIELDS PROVIDE LOANS, SCHOLARSHIPS AND GRANTS TO STUDENTS, ORGANIZATIONS AND/ OR SPECIFIC INDIVIDUALS IN THE COMMUNITY FOR THE PROMULGATION OF ARTISTIC PRODUCTIONS IN SPECIFIED AREA. A VALUED EXECUTIVE COMMITTEE OF VOLUNTEERS GIVES HUNDREDS OF HOURS EACH YEAR TO FULFILL THE GOALS OF THE FOUNDATION. THE BOARD OF DIRECTORS AND THE EXECUTIVE COMMITTEE CONSIST OF ALL VOLUNTEERS WHO LABOR TIRELESSLY TO FULFILL MCLE
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES WEBSITE FEES 479 AVERTISING 292 ASCAP /BMI FEES 491 STATE ANNUAL REPORT FEE 62 WILLFEST EXPENSES 42,426 SUNDAY CONCERT EXPENSES 8,330 ACCOUNTING 2,458 INTERSET 26 INSURANCE 423 OFFICE & POSTAGE EXPENSES 613 TOTAL 55,600
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1UNREALIZED LOSS ON INVESTMENTS 92,850 BOOK / TAX DEPRECIATION DIFFERENCE -73
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PREPAID EXPENSES AND DEFERRED CHARGES 6,268 6,268 365 365 LESS ACCUMULATED DEPRECIATION 61 134 WEITZ FUNDS 348,203 441,134 TOTAL 354,775 447,633
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DEFERRED REVENUE 956 1,425
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE WILL MCLEAN FOUNDATION WAS ESTABLISHED SHORTLY BEFORE WILL'S DEATH IN JANUARY 1990. INCORPORATED BY THE STATE OF FLORIDA AS A NOT-FOR-PROFIT ORGANIZATION, ITS GOALS ARE TO PROMOTE, IN THE STATE OF FLORIDA AND ELSEWHERE, THE WORKS OF WLLL MCLEAN AND THE WORKS OF OTHER FLORIDA ARTISTS PROVIDE FOR RESEARCH, EDUCATION, PERFORMANCE AND TRAINING TO PROMOTE UNDERSTANDING AND APPRECIATION OF THE WORKS OF FLORIDA'S ARTISTS PROVIDE FACILITIES, PROGRAMS AND EDUCATIONAL MATERIALS TO PROMOTE INVOLVEMENT BY NONPROFESSIONAL AND PROFESSIONAL COMMUNITIES ALIKE, IN THE ARTISTIC AND EDUCATIONAL FIELDS PROVIDE LOANS, SCHOLARSHIPS AND GRANTS TO STUDENTS, ORGANIZATIONS AND/ OR SPECIFIC INDIVIDUALS IN THE COMMUNITY FOR THE PROMULGATION OF ARTISTIC PRODUCTIONS IN SPECIFIED AREA. A VALUED EXECUTIVE COMMITTEE OF VOLUNTEERS GIVES HUNDREDS OF HOURS EACH YEAR TO FULFILL THE GOALS OF THE FOUNDATION. THE BOARD OF DIRECTORS AND THE EXECUTIVE COMMITTEE CONSIST OF ALL VOLUNTEERS WHO LABOR TIRELESSLY TO FULFILL MCLEAN'S DREAM OF PASSING ON THE HISTORY OF FLORIDA TO THE NEXT GENERATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ART & MUSIC EDUCATION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART III, LINE 31
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ReturnHeader/TaxYr02019

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