Mcglothlin Foundation

Bristol, VA
Tax-exempt since Dec. 1998
EIN: 54-1907305

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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 / Unknown (T00Z) (NTEE)

Donations to this organization are tax deductible.

Revenue

$1.75M (2024)

Expenses

$1.04M (2024)

Total Assets

$17.1M (2024)

Total Liabilities

$3.91k (2024)

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

$1,748,939

Expenses

$1,041,981

Net Income

$706,958

Net Assets

$17,051,688

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$467,378	26.7%
Sales of Assets	$1,280,642	73.2%
Other Income	$919	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$896,948	86.1%
Compensation of Officers*	$89,400	8.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$17,055,594
Total Liabilities	$3,906
Net Assets	$17,051,688

Compensation

Key Employees and Officers	Compensation	Other
Thomas D Mc Glothlin (President)	$89,400	$4,631
Michael G Mc Glothlin (Secretary)	$0	$0
James W Mc Glothlin (Treasurer)	$0	$0

990-PF

Filed on May 14, 2025

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2023

Revenue

$727,609

Expenses

$1,062,899

Net Income

-$335,290

Net Assets

$16,340,402

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$408,476	56.1%
Sales of Assets	$318,395	43.8%
Other Income	$738	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$903,014	85.0%
Compensation of Officers*	$88,385	8.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$16,344,297
Total Liabilities	$3,895
Net Assets	$16,340,402

Compensation

Key Employees and Officers	Compensation	Other
Thomas D Mc Glothlin (President)	$88,385	$11,223
Michael G Mc Glothlin (Secretary)	$0	$0
James W Mc Glothlin (Treasurer)	$0	$0

990-PF

Filed on May 15, 2024

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$483,568

Expenses

$1,275,754

Net Income

-$792,186

Net Assets

$16,635,018

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$370,898	76.7%
Sales of Assets	$112,043	23.2%
Other Income	$627	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,022,527	80.2%
Compensation of Officers*	$87,000	6.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$16,635,018
Total Liabilities	$0
Net Assets	$16,635,018

Compensation

Key Employees and Officers	Compensation	Other
Thomas D Mc Glothlin (President)	$87,000	$33,288
Michael G Mc Glothlin (Secretary)	$0	$0
James W Mc Glothlin 3 (Treasurer)	$0	$0

990-PF

Filed on May 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

$3,108,342

Expenses

$1,281,067

Net Income

$1,827,275

Net Assets

$17,450,755

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$366,683	11.8%
Sales of Assets	$2,732,056	87.9%
Other Income	$9,603	0.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,028,559	80.3%
Compensation of Officers*	$87,000	6.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$17,450,755
Total Liabilities	$0
Net Assets	$17,450,755

Compensation

Key Employees and Officers	Compensation	Other
Thomas D Mc Glothlin (President)	$87,000	$34,310
Michael G Mc Glothlin (Secretary)	$0	$0
James W Mc Glothlin 3 (Treasurer)	$0	$0

990-PF

Filed on May 6, 2022

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$998,048

Expenses

$1,083,444

Net Income

-$85,396

Net Assets

$15,647,138

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$380,048	38.1%
Sales of Assets	$617,519	61.9%
Other Income	$481	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$836,133	77.2%
Compensation of Officers*	$90,115	8.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$15,647,139
Total Liabilities	$1
Net Assets	$15,647,138

Compensation

Key Employees and Officers	Compensation	Other
Thomas D Mc Glothlin (President)	$90,115	$36,627
Michael G Mc Glothlin (Secretary)	$0	$0
James W Mc Glothlin 3 (Treasurer)	$0	$0

990-PF

Filed on May 13, 2021

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$454,852

Expenses

$510,949

Net Income

-$56,097

Net Assets

$15,774,389

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$432,191	95.0%
Sales of Assets	$22,652	5.0%
Other Income	$9	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$277,653	54.3%
Compensation of Officers*	$84,000	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	$15,774,390
Total Liabilities	$1
Net Assets	$15,774,389

Compensation

Key Employees and Officers	Compensation	Other
Thomas D Mc Glothlin (President)	$84,000	$36,565
Michael G Mc Glothlin (Secretary)	$0	$0
James W Mc Glothlin 3 (Treasurer)	$0	$0

990-PF

Filed on Oct. 14, 2020

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2018

Revenue

$856,091

Expenses

$1,181,460

Net Income

-$325,369

Net Assets

$16,000,044

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$690	0.1%
Interest Revenue	$0
Dividends	$417,413	48.8%
Sales of Assets	$436,716	51.0%
Other Income	$1,272	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$944,482	79.9%
Compensation of Officers*	$84,000	7.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$16,003,724
Total Liabilities	$3,680
Net Assets	$16,000,044

Compensation

Key Employees and Officers	Compensation	Other
Thomas D Mc Glothlin (President)	$0	$0
Michael G Mc Glothlin (Secretary)	$0	$0
James W Mc Glothlin 3 (Treasurer)	$0	$0

990-PF

Filed on May 2, 2019

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2017

Revenue

$746,784

Expenses

$964,620

Net Income

-$217,836

Net Assets

$16,128,922

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$422	0.1%
Interest Revenue	$0
Dividends	$358,202	48.0%
Sales of Assets	$372,483	49.9%
Other Income	$15,677	2.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$754,889	78.3%
Compensation of Officers*	$84,000	8.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$16,151,602
Total Liabilities	$22,680
Net Assets	$16,128,922

Compensation

Key Employees and Officers	Compensation	Other
Thomas D Mc Glothlin (President)	$84,000	$34,695
Michael G Mc Glothlin (Secretary)	$0	$0
James W Mc Glothlin 3 (Treasurer)	$0	$0

990-PF

Filed on May 11, 2018

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2016

Revenue

$376,336

Expenses

$571,042

Net Income

-$194,706

Net Assets

$16,342,126

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$333,266	88.6%
Sales of Assets	$42,811	11.4%
Other Income	$259	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$352,434	61.7%
Compensation of Officers*	$84,000	14.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$16,345,811
Total Liabilities	$3,685
Net Assets	$16,342,126

Compensation

Key Employees and Officers	Compensation	Other
Thomas D Mc Glothlin (President)	$84,000	$25,810
Michael G Mc Glothlin (Secretary)	$0	$0
James W Mc Glothlin 3 (Treasurer)	$0	$0

990-PF

Filed on Aug. 3, 2017

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2015

Revenue

$190,919

Expenses

$1,185,802

Net Income

-$994,883

Net Assets

$16,620,641

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$382,256	> 100%
Sales of Assets	-$191,450
Other Income	$113	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$973,395	82.1%
Compensation of Officers*	$84,000	7.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$16,624,327
Total Liabilities	$3,686
Net Assets	$16,620,641

Compensation

Key Employees and Officers	Compensation	Other
Thomas D Mc Glothlin (President)	$84,000	$37,221
Michael G Mc Glothlin (Secretary)	$0	$0
James W Mc Glothlin 3 (Treasurer)	$0	$0

990-PF

Filed on July 13, 2016

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2014

Revenue

$1,450,078

Expenses

$1,089,260

Net Income

$360,818

Net Assets

$17,586,213

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$238,194	16.4%
Sales of Assets	$1,112,116	76.7%
Other Income	$99,767	6.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$903,193	82.9%
Compensation of Officers*	$80,000	7.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$17,587,964
Total Liabilities	$1,751
Net Assets	$17,586,213

990-PF

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

PDF

Fiscal Year Ending Dec.
2013

Revenue

$1,114,366

Expenses

$1,042,431

Net Income

$71,935

Net Assets

$17,569,916

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$411,574	36.9%
Sales of Assets	$634,336	56.9%
Other Income	$68,456	6.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$848,101	81.4%
Compensation of Officers*	$80,000	7.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$17,571,808
Total Liabilities	$1,892
Net Assets	$17,569,916

990-PF

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

PDF

Fiscal Year Ending Dec.
2012

Revenue

$1,052,854

Expenses

$1,263,398

Net Income

-$210,544

Net Assets

$17,447,949

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$603,962	57.4%
Sales of Assets	$398,249	37.8%
Other Income	$50,642	4.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,028,862	81.4%
Compensation of Officers*	$72,599	5.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$17,455,975
Total Liabilities	$8,026
Net Assets	$17,447,949

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$1,247,527

Expenses

$1,298,666

Net Income

-$51,139

Net Assets

$17,634,953

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$552,858	44.3%
Sales of Assets	$637,574	51.1%
Other Income	$57,093	4.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,003,259	77.3%
Compensation of Officers*	$65,999	5.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$17,640,005
Total Liabilities	$5,052
Net Assets	$17,634,953

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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Mcglothlin Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $1.75M (2024)

Expenses $1.04M (2024)

Total Assets $17.1M (2024)

Total Liabilities $3.91k (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

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

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

Revenue

$1.75M (2024)

Expenses

$1.04M (2024)

Total Assets

$17.1M (2024)

Total Liabilities

$3.91k (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

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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

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2002

Fiscal Year Ending Dec.
2001