Margaret Cole Richards Charitable Foundation Inc

Mcr Charitable Foundation Inc

Indianapolis, IN
Tax-exempt since June 1999
EIN: 35-2063157

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Corporate Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$144k (2024)

Expenses

$346k (2024)

Total Assets

$1.23M (2024)

Total Liabilities

$0 (2024)

Years with missing data

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Revenue

$143,597

Expenses

$346,411

Net Income

-$202,814

Net Assets

$1,227,340

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$100,000	69.6%
Interest Revenue	$0
Dividends	$45,905	32.0%
Sales of Assets	-$2,523
Other Income	$215	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$289,649	83.6%
Compensation of Officers*	$52,425	15.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,227,340
Total Liabilities	$0
Net Assets	$1,227,340

Compensation

Key Employees and Officers	Compensation	Other
Marjorie Wilkerson (Secretary)	$52,425	$0
Margaret C Russell (President & Treasurer)	$0	$0
Mary K Schnitz (Board Member)	$0	$0
Marjorie Wilkerson (Exec Dir & Secy)	$0	$0
Stephen L Russell (Board Member)	$0	$0
Pam Smith (Board Member)	$0	$0

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990-PF

Filed on Aug. 26, 2025

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2023

Revenue

$65,990

Expenses

$185,189

Net Income

-$119,199

Net Assets

$1,430,877

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$42,958	65.1%
Sales of Assets	$23,032	34.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$168,425	90.9%
Compensation of Officers*	$32,400	17.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,430,999
Total Liabilities	$122
Net Assets	$1,430,877

Compensation

Key Employees and Officers	Compensation	Other
Marjorie Wilkerson (Exec Dir & Secy)	$32,400	$0
Marjorie Wilkerson (Secretary)	$32,400	$0
Margaret C Russell (President & Treasurer)	$0	$0
Mary K Schnitz (Board Member)	$0	$0
Stephen L Russell (Board Member)	$0	$0
Pam Smith (Board Member)	$0	$0

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990-PF

Filed on July 30, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2022

Revenue

$84,476

Expenses

$179,651

Net Income

-$95,175

Net Assets

$1,551,035

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$56,548	66.9%
Sales of Assets	$27,928	33.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$161,074	89.7%
Compensation of Officers*	$29,400	16.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,551,155
Total Liabilities	$120
Net Assets	$1,551,035

Compensation

Key Employees and Officers	Compensation	Other
Marjorie Wilkerson (Exec Dir & Secy)	$29,400	$0
Marjorie Wilkerson (Secretary)	$29,400	$0
Margaret C Russell (President & Treasurer)	$0	$0
Mary K Schnitz (Board Member)	$0	$0
Stephen L Russell (Board Member)	$0	$0
Pam Smith (Board Member)	$0	$0

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990-PF

Filed on Aug. 4, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$235,597

Expenses

$145,021

Net Income

$90,576

Net Assets

$1,649,177

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$45,990	19.5%
Sales of Assets	$189,607	80.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$122,110	84.2%
Compensation of Officers*	$26,400	18.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,649,177
Total Liabilities	$0
Net Assets	$1,649,177

Compensation

Key Employees and Officers	Compensation	Other
Marjorie Wilkerson (Exec Dir & Secy)	$26,400	$0
Marjorie Wilkerson (Secretary)	$26,400	$0
Margaret C Russell (President & Treasurer)	$0	$0
Mary K Schnitz (Board Member)	$0	$0
Stephen L Russell (Board Member)	$0	$0
Pam Smith (Board Member)	$0	$0

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990-PF

Filed on Aug. 16, 2022

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2020

Revenue

$52,847

Expenses

$162,436

Net Income

-$109,589

Net Assets

$1,559,525

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$35,278	66.8%
Sales of Assets	$17,569	33.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$143,364	88.3%
Compensation of Officers*	$29,649	18.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,559,526
Total Liabilities	$1
Net Assets	$1,559,525

Compensation

Key Employees and Officers	Compensation	Other
Marjorie Wilkerson (Secretary)	$29,649	$0
Margaret C Russell (President)	$0	$0
Mary K Schnitz (Board Member)	$0	$0
Marjorie Wilkerson (Exec Dir & Secy)	$0	$0
Stephen L Russell (Board Member)	$0	$0
Pam Smith (Board Member)	$0	$0

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990-PF

Filed on Sept. 7, 2021

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$35,480

Expenses

$136,258

Net Income

-$100,778

Net Assets

$1,669,114

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$65,273	> 100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$114,602	84.1%
Compensation of Officers*	$26,400	19.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,669,115
Total Liabilities	$1
Net Assets	$1,669,114

Compensation

Key Employees and Officers	Compensation	Other
Marjorie Wilkerson (Secretary)	$26,400	$0
Margaret C Russell (President)	$0	$0
Mary K Schnitz (Board Member)	$0	$0
Marjorie Wilkerson (Exec Dir & Secy)	$0	$0
Stephen L Russell (Board Member)	$0	$0
Pam Smith (Board Member)	$0	$0

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990-PF

Filed on Oct. 30, 2020

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2018

Revenue

$134,138

Expenses

$135,432

Net Income

-$1,294

Net Assets

$1,771,065

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$40,616	30.3%
Sales of Assets	$93,522	69.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$113,877	84.1%
Compensation of Officers*	$25,000	18.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,771,065
Total Liabilities	$0
Net Assets	$1,771,065

Compensation

Key Employees and Officers	Compensation	Other
Marjorie Wilkerson (Secretary)	$25,000	$0
Margaret C Russell (President & Treasurer)	$0	$0
Mary K Schnitz (Board Member)	$0	$0
Marjorie Wilkerson (Exec Dir & Secy)	$0	$0
Stephen L Russell (Board Member)	$0	$0

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990-PF

Filed on July 17, 2019

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2017

Revenue

$113,699

Expenses

$126,898

Net Income

-$13,199

Net Assets

$1,774,308

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$34,327	30.2%
Sales of Assets	$79,372	69.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$110,016	86.7%
Compensation of Officers*	$24,000	18.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,774,308
Total Liabilities	$0
Net Assets	$1,774,308

Compensation

Key Employees and Officers	Compensation	Other
Marjorie Wilkerson (Exec Dir & Secy)	$24,000	$0
Marjorie Wilkerson (Secretary)	$24,000	$0
Margaret C Russell (President & Treasurer)	$0	$0
E Frances Eickhoff (Vice President)	$0	$0
Stephen L Russell (Board Member)	$0	$0
Mary K Schnitz (Board Member)	$0	$0

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990-PF

Filed on July 17, 2018

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

PDF (2 of 2)

Fiscal Year Ending Dec.
2016

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2015

Revenue

$148,262

Expenses

$126,870

Net Income

$21,392

Net Assets

$1,874,738

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$41,270	27.8%
Sales of Assets	$106,992	72.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$106,757	84.1%
Compensation of Officers*	$24,000	18.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,874,738
Total Liabilities	$0
Net Assets	$1,874,738

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2014

Revenue

$119,940

Expenses

$134,529

Net Income

-$14,589

Net Assets

$1,855,349

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$49,557	41.3%
Sales of Assets	$70,383	58.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$111,168	82.6%
Compensation of Officers*	$24,000	17.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,855,437
Total Liabilities	$88
Net Assets	$1,855,349

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Revenue

$130,934

Expenses

$187,703

Net Income

-$56,769

Net Assets

$1,872,201

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$40,118	30.6%
Sales of Assets	$90,816	69.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$166,121	88.5%
Compensation of Officers*	$22,500	12.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,873,177
Total Liabilities	$976
Net Assets	$1,872,201

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Revenue

$1,168,603

Expenses

$196,465

Net Income

$972,138

Net Assets

$1,930,214

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,030,323	88.2%
Interest Revenue	$0
Dividends	$43,564	3.7%
Sales of Assets	$94,716	8.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$179,787	91.5%
Compensation of Officers*	$31,250	15.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,931,190
Total Liabilities	$976
Net Assets	$1,930,214

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$203,271

Expenses

$114,822

Net Income

$88,449

Net Assets

$1,102,907

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$124,996	61.5%
Interest Revenue	$0
Dividends	$32,550	16.0%
Sales of Assets	$45,725	22.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$102,932	89.6%
Compensation of Officers*	$31,250	27.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,103,448
Total Liabilities	$541
Net Assets	$1,102,907

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

PDF (2 of 2)

Fiscal Year Ending Dec.
2001

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

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The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

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Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

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Updated March 23, 2026

Margaret Cole Richards Charitable Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $144k (2024)

Expenses $346k (2024)

Total Assets $1.23M (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

Revenue

$144k (2024)

Expenses

$346k (2024)

Total Assets

$1.23M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003

Fiscal Year Ending Dec.
2002

Fiscal Year Ending Dec.
2001