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Rita M Mcginley Foundation

Organization summary

Type of Nonprofit

Designated as a 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 / Private Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$1.06M (2024)

Expenses
$1.65M (2024)

Total Assets
$11.3M (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

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,061,101
Expenses
$1,650,703
Net Income
-$589,602
Net Assets
$11,344,613
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $100,000
9.4%
Interest Revenue $131,741
12.4%
Dividends $342,948
32.3%
Sales of Assets $486,412
45.8%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,506,000
91.2%
Compensation of Officers* $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 $11,344,613
Total Liabilities $0
Net Assets $11,344,613
Compensation
Key Employees and Officers Compensation Other
John C Mcginley (Vice President & Treasurer) $0 $0
Nancy Palamara (Secretary) $0 $0
John R Mcginley Jr (President & Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,738,462
Expenses
$987,250
Net Income
$1,751,212
Net Assets
$11,934,215
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $49,307
1.8%
Dividends $365,808
13.4%
Sales of Assets $2,323,347
84.8%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $888,250
90.0%
Compensation of Officers* $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 $11,934,215
Total Liabilities $0
Net Assets $11,934,215
Compensation
Key Employees and Officers Compensation Other
John C Mcginley (Vice President & Treasurer) $0 $0
Nancy Palamara (Secretary) $0 $0
John R Mcginley Jr (President & Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$446,993
Expenses
$738,262
Net Income
-$291,269
Net Assets
$10,183,003
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $20,025
4.5%
Interest Revenue $5,789
1.3%
Dividends $295,652
66.1%
Sales of Assets $125,527
28.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $607,500
82.3%
Compensation of Officers* $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 $10,183,003
Total Liabilities $0
Net Assets $10,183,003
Compensation
Key Employees and Officers Compensation Other
John C Mcginley (Vice President & Treasurer) $0 $0
Nancy Palamara (Secretary) $0 $0
John R Mcginley Jr (President & Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,009,856
Expenses
$1,189,772
Net Income
-$179,916
Net Assets
$10,474,272
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $6,441
0.6%
Dividends $282,768
28.0%
Sales of Assets $720,579
71.4%
Other Income $68
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,080,000
90.8%
Compensation of Officers* $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 $10,474,272
Total Liabilities $0
Net Assets $10,474,272
Compensation
Key Employees and Officers Compensation Other
John C Mcginley (Vice President & Treasurer) $0 $0
Nancy Palamara (Secretary) $0 $0
John R Mcginley Jr (President & Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,222,135
Expenses
$922,017
Net Income
$300,118
Net Assets
$10,654,187
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $11,479
0.9%
Dividends $280,386
22.9%
Sales of Assets $197,940
16.2%
Other Income $732,330
59.9%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $845,750
91.7%
Compensation of Officers* $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 $10,654,188
Total Liabilities $1
Net Assets $10,654,187
Compensation
Key Employees and Officers Compensation Other
John C Mcginley (Vice President & Treasurer) $0 $0
Nancy Palamara (Secretary) $0 $0
John R Mcginley Jr (President & Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$347,315
Expenses
$617,263
Net Income
-$269,948
Net Assets
$10,354,070
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $16,132
4.6%
Dividends $331,686
95.5%
Sales of Assets $0
Other Income $164
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $543,500
88.0%
Compensation of Officers* $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 $10,354,070
Total Liabilities $0
Net Assets $10,354,070

Document Links

Fiscal Year Ending Dec.
2018

No Extracted Financial Data

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

Document Links

Fiscal Year Ending Dec.
2016

No Extracted Financial Data

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

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$511,060
Expenses
$1,004,554
Net Income
-$493,494
Net Assets
$13,597,548
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $210
0.0%
Interest Revenue $18
0.0%
Dividends $383,316
75.0%
Sales of Assets $127,516
25.0%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $836,050
83.2%
Compensation of Officers* $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 $13,597,548
Total Liabilities $0
Net Assets $13,597,548

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,298,008
Expenses
$497,549
Net Income
$800,459
Net Assets
$14,091,042
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $5,000
0.4%
Interest Revenue $14
0.0%
Dividends $349,300
26.9%
Sales of Assets $943,694
72.7%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $345,150
69.4%
Compensation of Officers* $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 $14,091,042
Total Liabilities $0
Net Assets $14,091,042

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,060,050
Expenses
$1,243,153
Net Income
-$183,103
Net Assets
$13,290,583
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $14
0.0%
Dividends $302,990
28.6%
Sales of Assets $757,046
71.4%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,154,504
92.9%
Compensation of Officers* $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 $13,290,583
Total Liabilities $0
Net Assets $13,290,583

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$825,516
Expenses
$501,775
Net Income
$323,741
Net Assets
$13,473,686
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $300,000
36.3%
Interest Revenue $20
0.0%
Dividends $342,131
41.4%
Sales of Assets $183,365
22.2%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $419,775
83.7%
Compensation of Officers* $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 $13,473,686
Total Liabilities $0
Net Assets $13,473,686

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,130,851
Expenses
$1,101,280
Net Income
$29,571
Net Assets
$13,149,945
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $750,000
66.3%
Interest Revenue $118
0.0%
Dividends $300,207
26.5%
Sales of Assets $78,825
7.0%
Other Income $1,701
0.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,025,000
93.1%
Compensation of Officers* $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 $13,149,945
Total Liabilities $0
Net Assets $13,149,945

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

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

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

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

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

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

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

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

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

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

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

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

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

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

Document Links

Fiscal Year Ending Dec.
2003

No Extracted Financial Data

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

Document Links

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What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

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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Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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