Nonprofit · EIN 31-1470721
THOMAS R & ELIZABETH E MCLEAN FOUNDATION INC
Tax-exempt · FAYETTEVILLE, NC 28305
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $2,840,141 | $2,235,491 | $604,650 | $25,791,376 | $1,324 | $25,790,052 |
| December 31, 2024 | 990-PF | $5,229,818 | $1,894,253 | $3,335,565 | $25,190,856 | $5,454 | $25,185,402 |
| December 31, 2023 | 990-PF | $1,844,155 | $1,669,501 | $174,654 | $21,851,702 | $1,865 | $21,849,837 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $661,454
- Interest
- $3,244
- Net gain from sales of assets
- $1,563,569
- Other income
- $611,874
Expenses
- Grants and similar amounts paid
- $1,488,403
- Compensation of officers, directors and key employees
- $432,555
- Disbursements for charitable purposes
- $1,734,031
- Excise tax on investment income
- $34,919
Balance sheet and other
- Total assets, start of year
- $25,190,856
- Total assets, end of year
- $25,791,376
- Total liabilities, end of year
- $1,324
- Net assets, end of year
- $25,790,052
- Fair market value of assets
- $37,061,098
- Qualifying distributions
- $1,734,031
- Net investment income
- $2,790,539
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 |
|---|---|---|---|
| JENNIFER ELAM 1213 COWPER DR, RALEIGH, NC 27608 | PRESIDENT | 25 | $89,385 |
| ANGELA ASHWORTH 85 TRACEWAY NORTH, SANFORD, NC 27332 | VICE-PRESIDENT / SECRETARY | 25 | $80,809 |
| PAUL ELAM 1213 COWPER DR, RALEIGH, NC 27608 | VICE-PRESIDENT / TREASURER | 5 | $71,062 |
| CLAIRE SHAW 325 N COOL SPRING ST APT 7, FAYETTEVILLE, NC 28301 | VICE-PRESIDENT | 20 | $71,062 |
| FAISON COVINGTON 3814 SELWYN FARMS LN UNIT 1, CHARLOTTE, NC 28209 | VICE-PRESIDENT / ASST SECR | 5 | $71,062 |
| KENSLEY EDGE 2522 S EDGEWATERDR, FAYETTEVILLE, NC 28303 | VICE-PRESIDENT / PUBLIC RELATIONS | 25 | $49,175 |
990-PF for the year ended December 31, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JENNIFER ELAM 1213 COWPER DR, RALEIGH, NC 27608 | PRESIDENT | 25 | $90,254 |
| ANGELA ASHWORTH 85 TRACEWAY NORTH, SANFORD, NC 27332 | VICE-PRESIDENT / SECRETARY | 25 | $81,100 |
| PAUL ELAM 1213 COWPER DR, RALEIGH, NC 27608 | VICE-PRESIDENT / TREASURER | 5 | $70,254 |
| CLAIRE SHAW 325 N COOL SPRING ST APT 7, FAYETTEVILLE, NC 28301 | VICE-PRESIDENT | 20 | $70,254 |
| FAISON COVINGTON 3814 SELWYN FARMS LN UNIT 1, CHARLOTTE, NC 28209 | VICE-PRESIDENT / ASST SECR | 5 | $70,254 |
| KENSLEY EDGE 2522 S EDGEWATERDR, FAYETTEVILLE, NC 28303 | VICE-PRESIDENT / PUBLIC RELATIONS | 25 | $47,500 |
990-PF for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JENNIFER ELAM 3613 LUBBOCK DR, RALEIGH, NC 27612 | PRESIDENT | 25 | $80,746 |
| ANGELA ASHWORTH 85 TRACEWAY NORTH, SANFORD, NC 27332 | VICE-PRESIDENT / SECRETARY | 25 | $79,800 |
| PAUL ELAM 3613 LUBBOCK DR, RALEIGH, NC 27612 | VICE-PRESIDENT / TREASURER | 5 | $60,746 |
| CLAIRE SHAW 1225 HAYMONT ST, FAYETTEVILLE, NC 28305 | VICE-PRESIDENT | 20 | $60,745 |
| FAISON COVINGTON 6015 REXWOOD PL, CHARLOTTE, NC 28210 | VICE-PRESIDENT / ASST SECR | 5 | $60,745 |
Address and contacts
- Address (IRS master file)
- PO BOX 58329, FAYETTEVILLE, NC 28305-8329
- Signed the 990-PF
- JENNIFER ELAM, PRESIDENT
- Phone
- (910) 252-8858
- Return prepared by
- HAIGH BYRD & LAMBERT 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
- 31-1470721
- 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
- 1996
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22Z)
- Assets (IRS master file)
- $25,791,376
- Income (IRS master file)
- $9,913,182
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $2,840,141 | $2,235,491 | $25,791,376 | IRS |
| 990-PF | December 2024 | $5,229,818 | $1,894,253 | $25,190,856 | IRS |
| 990-PF | December 2023 | $1,844,155 | $1,669,501 | $21,851,702 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | 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 31-1470721).
Questions about THOMAS R & ELIZABETH E MCLEAN FOUNDATION INC
- What is the EIN of THOMAS R & ELIZABETH E MCLEAN FOUNDATION INC?
- The employer identification number (EIN) of THOMAS R & ELIZABETH E MCLEAN FOUNDATION INC is 31-1470721.
- Is THOMAS R & ELIZABETH E MCLEAN FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
- Are donations to THOMAS R & ELIZABETH E MCLEAN FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does THOMAS R & ELIZABETH E MCLEAN FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of THOMAS R & ELIZABETH E MCLEAN FOUNDATION INC 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 THOMAS R & ELIZABETH E MCLEAN FOUNDATION INC 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 THOMAS R & ELIZABETH E MCLEAN FOUNDATION INC?
- The 990-PF for the year ended December 31, 2025 lists 6 people; 6 received compensation from the organization, the highest $89,385 (JENNIFER ELAM, PRESIDENT).
- How much revenue does THOMAS R & ELIZABETH E MCLEAN FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $2,840,141, expenses of $2,235,491 and total assets of $25,791,376 at year end.
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All nonprofits in FAYETTEVILLE · North Carolina · Philanthropy, voluntarism and grantmaking foundations