Civic Intelligence

The Will Mclean Foundation Inc

990EZ • Fiscal year 2020 • EIN 59-2997497

Jan 01, 2020 to Dec 31, 2020 • Filed on Aug 03, 2021

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

59th percentile

0.00x

Higher debt load relative to assets than 59% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

66th percentile

0.02x

Higher debt load relative to revenue than 66% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

88th percentile

49%

Higher net margin than 88% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

53rd percentile

5.9%

Faster asset growth than 53% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

87th percentile

44%

Faster revenue growth than 87% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$493,903

Up $27,492 (+5.9%) from 2019

Net Assets

Up

$491,898

Up $26,912 (+5.8%) from 2019

Liabilities

Up

$2,005

Up $580 (+41%) from 2019

Revenue

Up

$92,847

Up $28,319 (+44%) from 2019

Expenses

Down

$47,083

Down $8,691 (-16%) from 2019

Net Income

Up

$45,764

Up $37,010 (+423%) from 2019

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

2020

Assets$493,903
Liabilities$2,005
Net Assets$491,898

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

2020

Revenue$92,847
Expenses$47,083
Net Income$45,764
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Aug 3, 2021
Return Version
2020v4.0
Gross Receipts
$92,847
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-$44,450
ART & MUSIC EDUCATION-$2,307
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
JEAN DINELLA-MCCORMICKPresidentPT$0--
JON SEMMESVPPT$0--
INGRID SCHAPERTreasurerPT$0--
LYNN WODJENSKISecretaryPT$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
2021-08-03
Discuss with paid preparer
Yes

Preparer

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

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses website fees 399 office supplies & software 190 postage 69 state annual report fee 136 willfest expenses 35,801 sunday concert expenses 4,053 bank fees 111 sales taxes 60 scholarships 3,000 donations 1,000 youth program expenses 596 total 45,415

Form 990-ez, Part I, Line 20

Unrealized gain on investments 0 book / tax depreciation difference -73

Form 990-ez, Part II, Line 24

Prepaid expenses and deferred charges 6,268 0 365 365 less accumulated depreciation 134 207 weitz funds 422,355 472,126 total 428,854 472,284

Form 990-ez, Part II, Line 26

Deferred revenue 1,425 2,005

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 Appendix160 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 399 OFFICE SUPPLIES & SOFTWARE 190 POSTAGE 69 STATE ANNUAL REPORT FEE 136 WILLFEST EXPENSES 35,801 SUNDAY CONCERT EXPENSES 4,053 BANK FEES 111 SALES TAXES 60 SCHOLARSHIPS 3,000 DONATIONS 1,000 YOUTH PROGRAM EXPENSES 596 TOTAL 45,415
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1UNREALIZED GAIN ON INVESTMENTS 0 BOOK / TAX DEPRECIATION DIFFERENCE -73
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PREPAID EXPENSES AND DEFERRED CHARGES 6,268 0 365 365 LESS ACCUMULATED DEPRECIATION 134 207 WEITZ FUNDS 422,355 472,126 TOTAL 428,854 472,284
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DEFERRED REVENUE 1,425 2,005
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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