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Nonprofit · EIN 26-1830477

MCMAHON-PARATER SCHOLARSHIP FOUNDATION

Tax-exempt · RICHMOND, VA 23294

Financials

$6.1M$10.5M2023$5.8M$6.6M2024
Revenue Expenses · by fiscal year end
Financials of MCMAHON-PARATER SCHOLARSHIP FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$5,773,290$6,629,652-$856,362$5,151,301$42,203$5,109,098
June 30, 2024990$6,073,594$10,475,116-$4,401,522$6,240,539$280,446$5,960,093
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$5,504,133
Program service revenue
$0
Investment income
$269,157
Net gain from sales of assets
$50,711
Other revenue
$0

Expenses

Grants and similar amounts paid
$6,126,940
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Program services (functional)
$6,237,185
Management and general (functional)
$262,862
Fundraising (functional)
$129,605

Balance sheet and other

Total assets, start of year
$6,240,539
Total assets, end of year
$5,151,301
Total liabilities, end of year
$42,203
Net assets, end of year
$5,109,098
Publicly traded securities
$4,756,632
Net assets without donor restrictions
$791,419
Net assets with donor restrictions
$4,317,679
Gross receipts
$17,543,873
Employees
0
Volunteers
9
Year formed
2007
State of legal domicile
VA

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 for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
MICHAEL MCGEEECHEIF FINANCIAL OFFICER
Officer
5$0$221,216$35,708
MARGARET KEIGHTLEYEXECUTIVE DIRECTOR
Trustee or director, Officer
5$0$154,444$41,426
MICHAEL RILEYPRESIDENT
Trustee or director, Officer
5$0$128,933$23,558
JENNIFER BIGELOWFORMER PRESIDENT
Former
5$0$55,588$21,037
BISHOP KNESTOUTSOLE MEMBER
Trustee or director, Officer
2$0$37,156$21,087
BRUCE C HOLBROOKCHAIRMAN
Trustee or director, Officer
5$0$0$0
KATHLEEN B BARRETTTREASURER
Trustee or director, Officer
2$0$0$0
EDWARD T BLAIRBOARD MEMBER
Trustee or director
2$0$0$0
J STEPHEN LINDSEYBOARD MEMBER
Trustee or director
2$0$0$0
WALTER J MALONEBOARD MEMBER
Trustee or director
2$0$0$0
ROBERT E MARTINEZBOARD MEMBER
Trustee or director
2$0$0$0
STEPHEN REARDONBOARD MEMBER
Trustee or director
2$0$0$0
THOMAS STRASSBURGBOARD MEMBER
Trustee or director
2$0$0$0
STEPHANIE F STUMPFBOARD MEMBER
Trustee or director
2$0$0$0
990 for the year ended June 30, 2024: 15 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
MICHAEL J MCGEECHIEF FINANCIAL OFFICER
Officer
5$0$206,420$60,808
MARGARET KEIGHTLEYEXECUTIVE DIRECTOR
Trustee or director, Officer
5$0$145,203$80,652
MICHAEL RILEYPRESIDENT
Trustee or director, Officer
5$0$103,581$32,796
KELLY LAZZARAFORMER PRESIDENT
Former
2$0$88,353$28,051
JENNIFER BIGELOWFORMER PRESIDENT
Former
5$0$46,659$26,025
BARRY C KNESTOUTSOLE MEMBER
Trustee or director
2$0$30,207$22,569
BRUCE HOLBROOKCHAIRMAN
Trustee or director, Officer
5$0$0$0
KATHLEEN B BARRETTTREASURER
Trustee or director, Officer
2$0$0$0
EDWARD T BLAIRDIRECTOR
Trustee or director
2$0$0$0
J STEPHEN LINDSEYDIRECTOR
Trustee or director
2$0$0$0
WALTER MALONEDIRECTOR
Trustee or director
2$0$0$0
DR ROBERT MARTINEZDIRECTOR
Trustee or director
2$0$0$0
STEPHEN REARDONDIRECTOR
Trustee or director
2$0$0$0
THOMAS STRASSBURGDIRECTOR
Trustee or director
2$0$0$0
STEPHANIE STUMPFDIRECTOR
Trustee or director
2$0$0$0

Address and contacts

Address (IRS master file)
7800 CAROUSEL LN, RICHMOND, VA 23294-4201
In care of
% CRYSTAL LAVOIE LANG
Principal officer (990 for 2024)
MARGARET KEIGHTLEY, 7800 CAROUSEL LANE, RICHMOND, VA 23294
Signed the 990
MARGARET KEIGHTLEY, EXECUTIVE DIRECTOR
Phone
(804) 359-5661
Return prepared by
CLIFTONLARSONALLEN LLP

Mission

TO PROVIDE FINANCIAL ASSISTANCE TO THE CATHOLIC SCHOOLS WITHIN THE GEOGRAPHICAL CONFINES OF THE ROMAN CATHOLIC DIOCESE OF RICHMOND.

990 for the year ended June 30, 2025

Program accomplishments

  • TUITION ASSISTANCE: FUNDS RECEIVED ARE SPECIFICALLY MARKED FOR CATHOLIC SCHOOL TUITION ASSISTANCE FOR BOTH CATHOLIC AND NON-CATHOLIC FAMILIES, IN AN EFFORT TO ASSIST THE FAMILIES IN REDUCING THEIR TUITION COSTS AND ALLOWING THE TUITION TO BE AFFORDABLE FOR BOTH NON-CATHOLICS AND CATHOLICS.
    Expenses $6,237,185 · grants $6,126,940

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
26-1830477
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2008
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$5,151,301
Income (IRS master file)
$17,543,873

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$5,773,290$6,629,652$5,151,301IRS
990June 2024$6,073,594$10,475,116$6,240,539XML
990June 2023$15,894,920$11,000,815$10,612,071IRS
990June 2022–––IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2019–––IRS
990June 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 26-1830477).

Questions about MCMAHON-PARATER SCHOLARSHIP FOUNDATION

What is the EIN of MCMAHON-PARATER SCHOLARSHIP FOUNDATION?
The employer identification number (EIN) of MCMAHON-PARATER SCHOLARSHIP FOUNDATION is 26-1830477.
Is MCMAHON-PARATER SCHOLARSHIP FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
Are donations to MCMAHON-PARATER SCHOLARSHIP FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MCMAHON-PARATER SCHOLARSHIP FOUNDATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of MCMAHON-PARATER SCHOLARSHIP FOUNDATION due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did MCMAHON-PARATER SCHOLARSHIP FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of MCMAHON-PARATER SCHOLARSHIP FOUNDATION?
The 990 for the year ended June 30, 2025 names MARGARET KEIGHTLEY.
Who are the officers and directors of MCMAHON-PARATER SCHOLARSHIP FOUNDATION?
The 990 for the year ended June 30, 2025 lists 14 people; 0 received compensation from the organization.
How much revenue does MCMAHON-PARATER SCHOLARSHIP FOUNDATION have?
On its 990 for the year ended June 30, 2025 it reported revenue of $5,773,290, expenses of $6,629,652 and total assets of $5,151,301 at year end.

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