Will Mclean Foundation
- Assets
- $1.7m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 2
- Location
- Spring Hill, FL
- Founding
- 04/1994
- Data as of
- 12/2022
- EIN
- 59-2997497
Organization Overview
Will Mclean Foundation is located in Spring Hill, FL. The organization was established in 1994. According to its NTEE Classification (A70) the organization is classified as: Humanities, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Will Mclean Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Will Mclean Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Will Mclean Foundation generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 63.1% each year . All expenses for the organization totaled $125.4k during the year ending 12/2022. While expenses have increased by 14.6% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE GOALS ARE: -TO PROMOTE, IN THE STATE OF FLORIDA AND ELSEWHERE, THE WORKS OF WILL MCLEAN AND THE WORKS OF OTHER FLORIDA ARTISTS. -TO PROVIE 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 -TO PROVIDE LOANS, SCHOLARSHIPS AND GRANTS TO STUDENTS, ORGANIZATIONS AND/OR SPECIFIC INDIVIDUALS IN THE COMMUNITY FOR THE PROMULGATION OF ARTISTIC PRODUCTIONS IN SPECIFIED AREAS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING PROGRAMS AND FACILITIES TO PROMOTE AND SUPPORT PERFORMANCE OPPORTUNITIES FOR FLORIDA ARTISTS AND APPRECIATION OF THEIR WORK, PROVIDING EDUCATIONAL OPPORTUNITIES IN THE FLORIDA FOLK ARTS, EXTENDING SPONSORSHIPS TO OTHER NONPROFIT ORGANIZATIONS TO SUPPORT PERFORMANCE AND EDUCATIONAL OPPORTUNITIES AND PROVIDING EDUCATIONAL SCHOLARSHIPS FOR COLLEGE STUDENTS HAVING A DEMONSTRATED INTEREST IN THE ARTS.
WMF FACILITIES, LLC IS A WHOLLY-OWNED ENTITY OF THE FOUNDATION THAT HOLDS TITLE TO AND OPERATES THE FLORIDA SAND MUSIC RANCH. THE RANCH SERVES THE FOUNDATION'S MISSION OF PROVIDING FACILITIES TO SUPPORT, PROMOTE AND ENCOURAGE ARTISTIC INVOLVEMENT AND PERFORMANCE BY RENTING THE PROPERTY FOR MUSIC FESTIVALS AND EVENTS. WMF FACILITIES, LLC OPERATES AND MANAGES THE PROPERTY, WHICH INCLUDES AN 80 ACRE CAMPGROUND, THREE PERMANENT STAGE / EVENT STRUCTURES, A FULLY FUNCTIONAL KITCHEN FACILITY, RESTROOM / SHOWER FACILITIES AND RELATED UTILITY AND MAINTENANCE STRUCTURES. THE PROPERTY WAS DONATED TO WMF FACILITIES, LLC ON NOVEMBER 1, 2022 BY SERTOMA YOUTH RANCH, INC (EIN 59-2603520), A 501C3 TAX-EXEMPT ORGANIZATION. FOR FEDERAL TAX PURPOSES, WMF FACILITIES, LLC IS CONSIDERED A DIREGARDED ENTITY OF THE FOUNDATION.
SCHOLARSHIPS TO STUDENTS, ORGANIZATIONS AND/OR SPECIFIC INDIVIDUALS IN THE COMMUNITY FOR THE PROMULGATION OF ARTISTIC PRODUCTIONS IN SPECIFIC AREAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doug Spears President | OfficerTrustee | 15 | $0 |
Jean Dinella-Mccormick VP | OfficerTrustee | 0.5 | $0 |
Donna Green Townsend Secretary | OfficerTrustee | 1 | $0 |
Ingrid Schaper Treasurer | OfficerTrustee | 10 | $0 |
Mary Ann Dinella Director At | Trustee | 0.5 | $0 |
Barbara Sheen Todd Director At | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,445 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,187,219 |
| Noncash contributions included in lines 1a–1f | $1,156,700 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,190,664 |
| Total Program Service Revenue | $101,261 |
| Investment income | $3,372 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $517 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,302,789 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,313 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,692 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $41,074 |
| Fees for services: Accounting | $1,803 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,000 |
| Advertising and promotion | $487 |
| Office expenses | $3,041 |
| Information technology | $3,475 |
| Royalties | $0 |
| Occupancy | $1,501 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,092 |
| Insurance | $2,660 |
| All other expenses | $737 |
| Total functional expenses | $125,432 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62,370 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $500 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,154,693 |
| Investments—publicly traded securities | $434,042 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,300 |
| Total assets | $1,657,905 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,327 |
| Total liabilities | $1,327 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,656,578 |
| Total liabilities and net assets/fund balances | $1,657,905 |