Ned R Mcwherter Charitable Foundation

Mcwherter Foundation

Jackson, TN
Tax-exempt since Oct. 1997
EIN: 62-1657841

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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 / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$406k (2024)

Expenses

$319k (2024)

Total Assets

$2.76M (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

$405,994

Expenses

$319,242

Net Income

$86,752

Net Assets

$2,760,083

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$172,235	42.4%
Interest Revenue	$10,395	2.6%
Dividends	$115,553	28.5%
Sales of Assets	$107,811	26.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$292,370	91.6%
Compensation of Officers*	$12,000	3.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,760,083
Total Liabilities	$0
Net Assets	$2,760,083

Compensation

Key Employees and Officers	Compensation	Other
Madelyn B Pritchett (Secretary)	$12,000	$0
Michael R Mcwherter (President)	$0	$0
Mary Jane Mcwherter (Director)	$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

$280,560

Expenses

$244,371

Net Income

$36,189

Net Assets

$2,673,360

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$153,266	54.6%
Interest Revenue	$9,375	3.3%
Dividends	$104,718	37.3%
Sales of Assets	$13,201	4.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$220,225	90.1%
Compensation of Officers*	$12,000	4.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,673,360
Total Liabilities	$0
Net Assets	$2,673,360

Compensation

Key Employees and Officers	Compensation	Other
Madelyn B Pritchett (Secretary)	$12,000	$0
Michael R Mcwherter (President)	$0	$0
Mary Jane Mcwherter (Director)	$0	$0

990-PF

Filed on May 13, 2024

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$386,164

Expenses

$280,855

Net Income

$105,309

Net Assets

$2,637,267

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$193,887	50.2%
Interest Revenue	$1,888	0.5%
Dividends	$89,934	23.3%
Sales of Assets	$100,455	26.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$253,315	90.2%
Compensation of Officers*	$12,000	4.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,637,267
Total Liabilities	$0
Net Assets	$2,637,267

Compensation

Key Employees and Officers	Compensation	Other
Madelyn B Pritchett (Secretary)	$12,000	$0
Michael R Mcwherter (President)	$0	$0
Mary Jane Mcwherter (Director)	$0	$0

990-PF

Filed on May 9, 2023

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2021

Revenue

$388,239

Expenses

$196,531

Net Income

$191,708

Net Assets

$2,532,135

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$178,871	46.1%
Interest Revenue	$27	0.0%
Dividends	$87,087	22.4%
Sales of Assets	$122,254	31.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$185,669	94.5%
Compensation of Officers*	$12,000	6.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,532,135
Total Liabilities	$0
Net Assets	$2,532,135

Compensation

Key Employees and Officers	Compensation	Other
Madelyn B Pritchett (Secretary)	$12,000	$0
Michael R Mcwherter (President)	$0	$0
Mary Jane Mcwherter (Director)	$0	$0

990-PF

Filed on May 9, 2022

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$273,326

Expenses

$204,513

Net Income

$68,813

Net Assets

$2,340,400

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$168,625	61.7%
Interest Revenue	$564	0.2%
Dividends	$90,699	33.2%
Sales of Assets	$13,438	4.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$201,135	98.3%
Compensation of Officers*	$12,000	5.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,340,401
Total Liabilities	$1
Net Assets	$2,340,400

Compensation

Key Employees and Officers	Compensation	Other
Madelyn B Pritchett (Secretary)	$12,000	$0
Michael R Mcwherter (President)	$0	$0
Mary Jane Mcwherter (Director)	$0	$0

990-PF

Filed on May 6, 2021

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2019

Revenue

$295,186

Expenses

$134,557

Net Income

$160,629

Net Assets

$2,273,094

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$147,660	50.0%
Interest Revenue	$2,425	0.8%
Dividends	$82,433	27.9%
Sales of Assets	$61,944	21.0%
Other Income	$724	0.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$123,236	91.6%
Compensation of Officers*	$12,000	8.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,273,095
Total Liabilities	$1
Net Assets	$2,273,094

Compensation

Key Employees and Officers	Compensation	Other
Madelyn B Pritchett (Secretary)	$12,000	$0
Michael R Mcwherter (President)	$0	$0
Mary Jane Mcwherter (Director)	$0	$0

990-PF

Filed on July 13, 2020

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2018

Revenue

$645,000

Expenses

$88,417

Net Income

$556,583

Net Assets

$2,112,758

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$275,677	42.7%
Interest Revenue	$2,042	0.3%
Dividends	$77,279	12.0%
Sales of Assets	$289,358	44.9%
Other Income	$644	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$79,455	89.9%
Compensation of Officers*	$12,000	13.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,112,758
Total Liabilities	$0
Net Assets	$2,112,758

Compensation

Key Employees and Officers	Compensation	Other
Madelyn B Pritchett (Secretary)	$12,000	$0
Michael R Mcwherter (President)	$0	$0
Mary Jane Mcwherter (Director)	$0	$0

990-PF

Filed on Nov. 15, 2019

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2017

Revenue

$244,041

Expenses

$123,925

Net Income

$120,116

Net Assets

$1,557,052

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$152,704	62.6%
Interest Revenue	$490	0.2%
Dividends	$67,934	27.8%
Sales of Assets	$22,549	9.2%
Other Income	$364	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$121,797	98.3%
Compensation of Officers*	$12,000	9.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,557,052
Total Liabilities	$0
Net Assets	$1,557,052

Compensation

Key Employees and Officers	Compensation	Other
Madelyn B Pritchett (Secretary)	$12,000	$0
Michael R Mcwherter (President)	$0	$0
Mary Jane Mcwherter (Director)	$0	$0

990-PF

Filed on Aug. 23, 2018

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

View Filing

Schedules ▼

XML

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

$337,853

Expenses

$199,323

Net Income

$138,530

Net Assets

$1,351,517

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$161,048	47.7%
Interest Revenue	$14	0.0%
Dividends	$59,398	17.6%
Sales of Assets	$117,393	34.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$196,229	98.4%
Compensation of Officers*	$3,000	1.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,351,517
Total Liabilities	$0
Net Assets	$1,351,517

990-PF

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

PDF

Fiscal Year Ending Dec.
2014

Revenue

$318,290

Expenses

$144,293

Net Income

$173,997

Net Assets

$1,212,989

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$162,820	51.2%
Interest Revenue	$27	0.0%
Dividends	$70,156	22.0%
Sales of Assets	$85,287	26.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$142,201	98.6%
Compensation of Officers*	$3,000	2.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,212,989
Total Liabilities	$0
Net Assets	$1,212,989

990-PF

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

PDF

Fiscal Year Ending Dec.
2013

Revenue

$264,942

Expenses

$134,236

Net Income

$130,706

Net Assets

$1,041,758

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$162,888	61.5%
Interest Revenue	$19	0.0%
Dividends	$59,233	22.4%
Sales of Assets	$42,802	16.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$132,891	99.0%
Compensation of Officers*	$3,000	2.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,041,758
Total Liabilities	$0
Net Assets	$1,041,758

990-PF

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

PDF

Fiscal Year Ending Dec.
2012

Revenue

$455,978

Expenses

$260,288

Net Income

$195,690

Net Assets

$907,640

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$311,735	68.4%
Interest Revenue	$6	0.0%
Dividends	$48,390	10.6%
Sales of Assets	$95,229	20.9%
Other Income	$618	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$259,480	99.7%
Compensation of Officers*	$3,000	1.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$907,640
Total Liabilities	$0
Net Assets	$907,640

990-PF

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

PDF

PDF (2 of 3) PDF (3 of 3)

Fiscal Year Ending Dec.
2011

Revenue

$45,702

Expenses

$24,400

Net Income

$21,302

Net Assets

$711,950

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$452	1.0%
Interest Revenue	$3	0.0%
Dividends	$35,683	78.1%
Sales of Assets	$9,551	20.9%
Other Income	$13	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$23,914	98.0%
Compensation of Officers*	$3,000	12.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$711,950
Total Liabilities	$0
Net Assets	$711,950

990-PF

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

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

PDF

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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.

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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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Ned R Mcwherter Charitable Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $406k (2024)

Expenses $319k (2024)

Total Assets $2.76M (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

$406k (2024)

Expenses

$319k (2024)

Total Assets

$2.76M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

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2023

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2022

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2021

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2020

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2019

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2018

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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

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Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
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