Nonprofit · EIN 20-1053280
MCWATERS FAMILY FOUNDATION
Tax-exempt · CHESAPEAKE, VA 23320
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $17,112 | $102,182 | -$85,070 | $520,254 | $0 | $520,254 |
| December 31, 2023 | 990-PF | $7,940 | $239,386 | -$231,446 | $595,509 | $0 | $595,509 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $6,000
- Dividends
- $40
- Interest
- $5,570
- Net gain from sales of assets
- $5,502
Expenses
- Grants and similar amounts paid
- $98,050
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $98,050
- Excise tax on investment income
- $97
Balance sheet and other
- Total assets, start of year
- $595,509
- Total assets, end of year
- $520,254
- Total liabilities, end of year
- $0
- Net assets, end of year
- $520,254
- Fair market value of assets
- $540,659
- Qualifying distributions
- $98,050
- Net investment income
- $11,112
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JEFFERY L MCWATERS 732 EDEN WAY NORTH SUITE E 713, CHESAPEAKE, VA 23320 | PRESIDENT | 4 | $0 |
| CYNTHIA L MCWATERS 732 EDEN WAY NORTH SUITE E 713, CHESAPEAKE, VA 23320 | SECRETARY/TREASURER | 4 | $0 |
| MEGAN RATHBONE 1624 DUKE OF WINDSOR ROAD, VIRGINIA BEACH, VA 23454 | VICE PRESIDENT | 4 | $0 |
| HUNTER MCWATERS 6616 SMITHS TRACE, CENTREVILLE, VA 20120 | VICE PRESIDENT | 4 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JEFFERY L MCWATERS 112 42ND STREET, VIRGINIA BEACH, VA 23451 | PRESIDENT | 4 | $0 |
| CYNTHIA L MCWATERS 112 42ND STREET, VIRGINIA BEACH, VA 23451 | SECRETARY/TREASURER | 4 | $0 |
| MEGAN RATHBONE 1624 DUKE OF WINDSOR ROAD, VIRGINIA BEACH, VA 23454 | VICE PRESIDENT | 4 | $0 |
| HUNTER MCWATERS 6616 SMITHS TRACE, CENTREVILLE, VA 20120 | VICE PRESIDENT | 4 | $0 |
Address and contacts
- Address (IRS master file)
- 732 EDEN WAY N STE E PMB 713, CHESAPEAKE, VA 23320-2798
- In care of
- % JEFFREY L MCWATERS
- Signed the 990-PF
- JEFFERY L MCWATERS, SIGNING OFFICER
- Phone
- (757) 228-1570
- Return prepared by
- CLEARSTEAD
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 20-1053280
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2004
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $520,254
- Income (IRS master file)
- $144,007
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $17,112 | $102,182 | $520,254 | IRS |
| 990-PF | December 2023 | $7,940 | $239,386 | $595,509 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-1053280).
Questions about MCWATERS FAMILY FOUNDATION
- What is the EIN of MCWATERS FAMILY FOUNDATION?
- The employer identification number (EIN) of MCWATERS FAMILY FOUNDATION is 20-1053280.
- Is MCWATERS FAMILY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
- Are donations to MCWATERS FAMILY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does MCWATERS FAMILY FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of MCWATERS FAMILY FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MCWATERS FAMILY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of MCWATERS FAMILY FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does MCWATERS FAMILY FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $17,112, expenses of $102,182 and total assets of $520,254 at year end.
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