L & M Charitable Foundation Inc

Dallas, TX
Tax-exempt since July 2000
EIN: 75-2874187

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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: Educational Institutions and Related Activities / Fund Raising and/or Fund Distribution (NTEE)

Donations to this organization are tax deductible.

Revenue

$3.74M (2024)

Expenses

$761k (2024)

Total Assets

$15M (2024)

Total Liabilities

$16.3k (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

$3,735,360

Expenses

$761,484

Net Income

$2,973,876

Net Assets

$14,966,648

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$2,025,789	54.2%
Interest Revenue	$136,695	3.7%
Dividends	$331,149	8.9%
Sales of Assets	$1,246,063	33.4%
Other Income	-$4,336

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$645,000	84.7%
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	$14,982,964
Total Liabilities	$16,316
Net Assets	$14,966,648

Compensation

Key Employees and Officers	Compensation	Other
Richard T Mcmillan (Pres/Dir)	$0	$0
Jan Late Mcmillan (Director)	$0	$0
Kirstin E Mcmillan Gillespie (Director)	$0	$0

990-PF

Filed on Nov. 10, 2025

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2023

Revenue

$543,879

Expenses

$615,318

Net Income

-$71,439

Net Assets

$11,928,322

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$42,923	7.9%
Dividends	$311,541	57.3%
Sales of Assets	$170,055	31.3%
Other Income	$19,360	3.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$520,000	84.5%
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	$11,946,421
Total Liabilities	$18,099
Net Assets	$11,928,322

Compensation

Key Employees and Officers	Compensation	Other
Richard T Mcmillan (Pres/Dir)	$0	$0
Jan Late Mcmillan (Director)	$0	$0
Kirstin E Mcmillan Gillespie (Director)	$0	$0

990-PF

Filed on Nov. 12, 2024

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$2,487,002

Expenses

$869,027

Net Income

$1,617,975

Net Assets

$11,984,245

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$2,000,000	80.4%
Interest Revenue	$21,193	0.9%
Dividends	$240,100	9.7%
Sales of Assets	$230,386	9.3%
Other Income	-$4,677

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$775,000	89.2%
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	$11,994,245
Total Liabilities	$10,000
Net Assets	$11,984,245

Compensation

Key Employees and Officers	Compensation	Other
Richard T Mcmillan (Pres/Dir)	$0	$0
Jan Late Mcmillan (Director)	$0	$0
Kirstin E Mcmillan Gillespie (Director)	$0	$0

990-PF

Filed on Nov. 13, 2023

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$2,318,464

Expenses

$539,491

Net Income

$1,778,973

Net Assets

$10,403,363

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,032,065	44.5%
Interest Revenue	$21,564	0.9%
Dividends	$182,391	7.9%
Sales of Assets	$998,141	43.1%
Other Income	$84,303	3.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$460,000	85.3%
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	$10,413,363
Total Liabilities	$10,000
Net Assets	$10,403,363

Compensation

Key Employees and Officers	Compensation	Other
Richard T Mcmillan (Pres/Dir)	$0	$0
Jan Late Mcmillan (Director)	$0	$0
Kirstin E Mcmillan Gillespie (Director)	$0	$0

990-PF

Filed on Nov. 14, 2022

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2020

Revenue

$1,788,421

Expenses

$461,923

Net Income

$1,326,498

Net Assets

$9,162,607

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,013,065	56.6%
Interest Revenue	$15,169	0.8%
Dividends	$169,771	9.5%
Sales of Assets	$588,881	32.9%
Other Income	$1,535	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$405,000	87.7%
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	$9,162,608
Total Liabilities	$1
Net Assets	$9,162,607

Compensation

Key Employees and Officers	Compensation	Other
Richard T Mcmillan (Pres/Dir)	$0	$0
Jan Late Mcmillan (Director)	$0	$0
Kirstin E Mcmillan Gillespie (Director)	$0	$0

990-PF

Filed on Nov. 3, 2021

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2019

Revenue

$1,067,531

Expenses

$458,589

Net Income

$608,942

Net Assets

$7,988,775

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$997,198	93.4%
Interest Revenue	$14,565	1.4%
Dividends	$142,691	13.4%
Sales of Assets	$0
Other Income	$9,902	0.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$395,000	86.1%
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	$7,988,776
Total Liabilities	$1
Net Assets	$7,988,775

Compensation

Key Employees and Officers	Compensation	Other
Richard T Mcmillan (Pres/Dir)	$0	$0
Jan Late Mcmillan (Director)	$0	$0
Kirstin E Mcmillan Gillespie (Director)	$0	$0

990-PF

Filed on Nov. 5, 2020

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2018

Revenue

$88,618

Expenses

$487,797

Net Income

-$399,179

Net Assets

$7,274,693

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$8,139	9.2%
Dividends	$39,657	44.8%
Sales of Assets	$28,041	31.6%
Other Income	$12,781	14.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$419,000	85.9%
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	$7,274,693
Total Liabilities	$0
Net Assets	$7,274,693

Compensation

Key Employees and Officers	Compensation	Other
Richard T Mcmillan (Pres/Dir)	$0	$0
Jan Late Mcmillan (Director)	$0	$0
Kirstin E Mcmillan Gillespie (Director)	$0	$0

990-PF

Filed on Nov. 15, 2019

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2017

Revenue

$1,161,392

Expenses

$386,744

Net Income

$774,648

Net Assets

$7,587,559

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$200,000	17.2%
Interest Revenue	$11,640	1.0%
Dividends	$89,937	7.7%
Sales of Assets	$763,805	65.8%
Other Income	$96,010	8.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$351,875	91.0%
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	$7,587,559
Total Liabilities	$0
Net Assets	$7,587,559

Compensation

Key Employees and Officers	Compensation	Other
Richard T Mcmillan (Pres/Dir)	$0	$0
Jan Late Mcmillan (Director)	$0	$0
Kirstin E Mcmillan Gillespie (Director)	$0	$0

990-PF

Filed on Nov. 14, 2018

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2016

Revenue

-$120,965

Expenses

$427,587

Net Income

-$548,552

Net Assets

$6,980,039

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$15,308
Dividends	$73,241
Sales of Assets	-$210,276
Other Income	$762

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$394,225	92.2%
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	$6,980,039
Total Liabilities	$0
Net Assets	$6,980,039

Compensation

Key Employees and Officers	Compensation	Other
Richard T Mcmillan (Pres/Dir)	$0	$0
Jan Late Mcmillan (Director)	$0	$0
Kirstin E Mcmillan Gillespie (Director)	$0	$0

990-PF

Filed on Nov. 14, 2017

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2015

Revenue

$347,942

Expenses

$400,736

Net Income

-$52,794

Net Assets

$7,412,732

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$26,670	7.7%
Interest Revenue	$21,246	6.1%
Dividends	$125,469	36.1%
Sales of Assets	$174,042	50.0%
Other Income	$515	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$370,625	92.5%
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	$7,412,732
Total Liabilities	$0
Net Assets	$7,412,732

Compensation

Key Employees and Officers	Compensation	Other
Richard T Mcmillan (Pres/Dir)	$0	$0
Jan Late Mcmillan (Director)	$0	$0
Kirstin E Mcmillan Gillespie (Director)	$0	$0

990-PF

Filed on June 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

$1,068,706

Expenses

$345,925

Net Income

$722,781

Net Assets

$7,465,526

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$842,533	78.8%
Interest Revenue	$24,742	2.3%
Dividends	$112,465	10.5%
Sales of Assets	$84,817	7.9%
Other Income	$4,149	0.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$319,275	92.3%
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	$7,465,526
Total Liabilities	$0
Net Assets	$7,465,526

Compensation

Key Employees and Officers	Compensation	Other
Richard T Mcmillan (Pres/Dir)	$0	$0
Jan Late Mcmillan (Director)	$0	$0
Kirstin E Mcmillan Gillespie (Director)	$0	$0

990-PF

Filed on Nov. 10, 2015

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2013

Revenue

$799,783

Expenses

$336,956

Net Income

$462,827

Net Assets

$6,742,745

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$500,000	62.5%
Interest Revenue	$53,658	6.7%
Dividends	$189,302	23.7%
Sales of Assets	$53,871	6.7%
Other Income	$2,952	0.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$315,650	93.7%
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	$6,742,745
Total Liabilities	$0
Net Assets	$6,742,745

Compensation

Key Employees and Officers	Compensation	Other
Richard T Mcmillan (Pres/Dir)	$0	$0
Jan Late Mcmillan (Director)	$0	$0
Kirstin E Mcmillan Gillespie (Director)	$0	$0

990-PF

Filed on Nov. 14, 2014

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2012

Revenue

$1,998,623

Expenses

$273,033

Net Income

$1,725,590

Net Assets

$6,279,917

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,855,714	92.8%
Interest Revenue	$38,739	1.9%
Dividends	$93,647	4.7%
Sales of Assets	$10,523	0.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$226,525	83.0%
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	$6,279,918
Total Liabilities	$1
Net Assets	$6,279,917

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$365,361

Expenses

$212,803

Net Income

$152,558

Net Assets

$4,550,828

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$200,000	54.7%
Interest Revenue	$7,968	2.2%
Dividends	$88,164	24.1%
Sales of Assets	$69,229	18.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$205,375	96.5%
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	$4,550,828
Total Liabilities	$0
Net Assets	$4,550,828

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

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L & M Charitable Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $3.74M (2024)

Expenses $761k (2024)

Total Assets $15M (2024)

Total Liabilities $16.3k (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

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

Revenue

$3.74M (2024)

Expenses

$761k (2024)

Total Assets

$15M (2024)

Total Liabilities

$16.3k (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.
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Fiscal Year Ending Dec.
2001