2024-08-26T16:36:10-04:00 2024-05-31 752069885 Owen E Barnett CPA 4606 Park Springs Blvd Ste 120 Arlington TX 76017 990PF 2023-06-01 752567893 Eugene and Margaret McDermott Art Fund EUGE 1935 Malone Cliff View Dallas TX 75208 Patricia J Brown SecTreas & Dir 2143699222 2024-08-16 true true Owen E Barnett P00500582 2148550670 X 2023 2024-08-08 14:25:15Z X 286323543 X X 509 509 509 805927 805927 805927 903950 5554692 903950 1710386 1710386 806436 9075 7079 7079 1996 7496 7006 7006 490 29588 22 22 29566 46159 14107 14107 32052 0 0 46159 14107 14107 32052 1664227 1696279 792329 3939787 2439453 2439453 4416559 6124697 5762550 18391753 19248769 27384062 2108368 2707775 2663008 248074470 248074470 248074470 276930937 278595164 286323543 0 0 X 21249414 21249414 255681523 257345750 276930937 278595164 276930937 278595164 276930937 1664227 278595164 278595164 Publicly traded securities 5554692 4650742 903950 903950 903950 -18250 23578 0 23578 0 23578 26500 26500 128 2794 2794 false false false false false false false true true TX true true false false false true Mary M Cook 2143699222 1935 Malone Cliff View Dallas TX 75208 false false false true false false false false false false false false false false false false false false false false false false false Mary M Cook 1935 Malone Cliff View Dallas TX 75208 Chairman & Dir 0.50 0 0 0 Schatzie Lee 3101 Greenbrier Dallas TX 75225 Director 0.50 0 0 0 Patricia J Brown 1935 Malone Cliff View Dallas TX 75208 SecTreas & Director 0.50 0 0 0 Grace Cook 1503 Corto Dr Dallas TX 75218 Director 0.50 0 0 0 NONE 0 NONE Acquisition and display of art objects 32052 None 0 35646247 0 0 35646247 0 35646247 534694 35111553 1755578 X 32052 32052 32052 1995-02-21 X 792329 628005 663854 576114 2660302 673480 533804 564276 489697 2261257 32052 17024 4043202 30506 4122784 32052 17024 4043202 30506 4122784 286323543 280924147 281067184 283797050 1132111924 248074470 248074470 248074470 244049470 988272880 0 None None X 0 0 14 509 14 805927 18 903950 1710386 1710386 false false false false false false false false false false Owen Barnett CPA-Form 990-PF 9075 7079 7079 1996 Form 990PF-General Explanation Attachment 1 Name of OrganizationThe complete name of the organization is The Eugene and Margaret McDermott Art Fund, Inc. Form 990PF-General Explanation Attachment 2 Form 2220, Underpayment of Estimated Tax by Corporations, is attached. Using the annualized income installment method, the amount of the penalty is 128.00. See attached schedule 2707775 2663008 See attached schedule 19248769 27384062 6124697 5762550 Art objects-see attached schedule 248074470 248074470 248074470 Bank of America - agency fees 2225 1735 1735 490 Investment advisory fees 5271 5271 5271 0 Federal excise tax - 2022 3066 0 0 3066 Federal exise tax - 2023 26500 0 0 26500 Foreign tax 22 22 22 0