Nonprofit · EIN 20-8042018
MCLEOD FOUNDATION
Tax-exempt · CLAYTON, NC 27528
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $2,631,031 | $288,298 | $2,342,733 | $2,350,836 | $212,882 | $2,137,954 |
| December 31, 2024 | 990-PF | -$1,092,890 | $318,694 | -$1,411,584 | $1,597,814 | $1,802,593 | -$204,779 |
| December 31, 2023 | 990-PF (amended) | $38,318 | $261,420 | -$223,102 | $1,206,805 | $0 | $1,206,805 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $73,806
- Interest
- $28,197
- Net gain from sales of assets
- $2,529,028
Expenses
- Grants and similar amounts paid
- $260,000
- Disbursements for charitable purposes
- $265,155
- Excise tax on investment income
- $1,142
Balance sheet and other
- Total assets, start of year
- $1,597,814
- Total assets, end of year
- $2,350,836
- Total liabilities, end of year
- $212,882
- Net assets, end of year
- $2,137,954
- Fair market value of assets
- $7,073,287
- Qualifying distributions
- $265,155
- Net investment income
- $103,257
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BERNARD F MCLEOD III 6513 WAKEFALL DR, WAKE FOREST, NC 27587 | PRESIDENT | 0 | $0 |
| W STEWART MCLEOD 112 HIBISCUS DR, CLAYTON, NC 27527 | V/P - TREASU | 0 | $0 |
990-PF for the year ended December 31, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BERNARD F MCLEOD III 6513 WAKEFALL DR, WAKE FOREST, NC 27587 | PRESIDENT | 1 | $0 |
| W STEWART MCLEOD 112 HIBISCUS DR, CLAYTON, NC 27527 | V/P - TREASU | 1 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BERNARD F MCLEOD JR 100 PARK AVENUE, FUQUAYVARINA, NC 27526 | PRESIDENT | 1 | $0 |
| BERNARD F MCLEOD III 6513 WAKEFALL DR, WAKE FOREST, NC 27587 | VICE PRESIDE | 1 | $0 |
| W STEWART MCLEOD 112 HIBISCUS DR, CLAYTON, NC 27527 | TREASURER | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1313, CLAYTON, NC 27528-1313
- In care of
- % BERNARD F MCLEOD JR
- Signed the 990-PF
- W STEWART MCLEOD, V/P - TREASURER
- Phone
- (919) 669-7542
- Return prepared by
- BUNCH & COMPANY LLP
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 | 990-PF 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
- 20-8042018
- 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
- 2007
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $2,350,836
- Income (IRS master file)
- $3,310,124
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $2,631,031 | $288,298 | $2,350,836 | IRS |
| 990-PF | December 2024 | -$1,092,890 | $318,694 | $1,597,814 | XML |
| 990-PF | December 2023 | $38,318 | $261,420 | $1,206,805 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | 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 20-8042018).
Questions about MCLEOD FOUNDATION
- What is the EIN of MCLEOD FOUNDATION?
- The employer identification number (EIN) of MCLEOD FOUNDATION is 20-8042018.
- Is MCLEOD FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to MCLEOD FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does MCLEOD FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of MCLEOD FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MCLEOD FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of MCLEOD FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 2 people; 0 received compensation from the organization.
- How much revenue does MCLEOD FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $2,631,031, expenses of $288,298 and total assets of $2,350,836 at year end.
Other nonprofits in CLAYTON
- ONECOMPASSION EIN 82-4471737 · last filed 990 for 2024
- CIVITAN INTERNATIONAL EIN 56-6048529 · last filed 990 for 2025
- FRED SMITH COMPANY FOUNDATION EIN 94-3415001 · last filed 990-EZ for 2025
- WINKLER FAMILY FOUNDATION INC EIN 35-2092914 · last filed 990-PF for 2025
- NOOK FOR GOOD EIN 39-3150400 · last filed 990-PF for 2025
- GRANNY S ANGELS INC EIN 82-0914443 · last filed 990-N for 2025
- WATER THE WORLD FOUNDATION EIN 81-3075443 · last filed 990-N for 2025
- GIVING FRIENDS FOUNDATION EIN 99-3587774 · last filed 990-N for 2024
All nonprofits in CLAYTON · North Carolina · Philanthropy, voluntarism and grantmaking foundations