Nonprofit · EIN 51-6015095
LAFFEY-MCHUGH FOUNDATION
Tax-exempt · WILMINGTON, DE 19801
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $6,960,541 | $4,502,554 | $2,457,987 | $66,106,179 | $0 | $66,106,179 |
| December 31, 2023 | 990-PF | $2,684,527 | $4,456,596 | -$1,772,069 | $63,648,192 | $0 | $63,648,192 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $821,425
- Interest
- $106,130
- Net gain from sales of assets
- $764,495
- Other income
- $5,268,491
Expenses
- Grants and similar amounts paid
- $3,703,800
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $420,807
- Disbursements for charitable purposes
- $3,963,781
- Excise tax on investment income
- $93,138
Balance sheet and other
- Total assets, start of year
- $63,648,192
- Total assets, end of year
- $66,106,179
- Total liabilities, end of year
- $0
- Net assets, end of year
- $66,106,179
- Fair market value of assets
- $66,106,179
- Qualifying distributions
- $3,963,781
- Net investment income
- $6,960,541
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 |
|---|---|---|---|
| THOMAS D VEALE 100 WEST 10TH STREET SUITE 815, WILMINGTON, DE 19805 | EXECUTIVE DIRECTOR | 40 | $0 |
| WILSON JC BRAUN JR 100 WEST 10TH STREET SUITE 815, WILMINGTON, DE 19805 | VICE PRESIDENT | 2 | $0 |
| COLLINS J SEITZ JR 100 WEST 10TH STREET SUITE 815, WILMINGTON, DE 19805 | VICE PRESIDENT | 2 | $0 |
| ARTHUR G CONNOLLY III 100 WEST 10TH STREET SUITE 815, WILMINGTON, DE 19805 | EXECUTIVE VICE PRESIDENT | 2 | $0 |
| MARY C BRAUN 100 WEST 10TH STREET SUITE 815, WILMINGTON, DE 19805 | PRESIDENT | 2 | $0 |
| ANTOINE J ALLEN 100 WEST 10TH STREET SUITE 815, WILMINGTON, DE 19805 | VICE PRESIDENT | 2 | $0 |
| MICHAEL M CONNOLLY 100 WEST 10TH STREET SUITE 815, WILMINGTON, DE 19805 | VICE PRESIDENT | 2 | $0 |
| CHRISTOPHER G CONNOLLY 100 WEST 10TH STREET SUITE 815, WILMINGTON, DE 19805 | VICE PRESIDENT | 2 | $0 |
| PATRICIA L HOFFMAN 100 WEST 10TH STREET SUITE 815, WILMINGTON, DE 19805 | EXECUTIVE ASSISTANT Highest-paid employee | 30 | $0 |
990-PF for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THOMAS D VEALE 100 WEST 10TH STREET SUITE 815, WILMINGTON, DE 19805 | EXECUTIVE DIRECTOR | 40 | $0 |
| WILSON JC BRAUN JR 100 WEST 10TH STREET SUITE 815, WILMINGTON, DE 19805 | VICE PRESIDENT | 2 | $0 |
| COLLINS J SEITZ JR 100 WEST 10TH STREET SUITE 815, WILMINGTON, DE 19805 | VICE PRESIDENT | 2 | $0 |
| ARTHUR G CONNOLLY III 100 WEST 10TH STREET SUITE 815, WILMINGTON, DE 19805 | EXECUTIVE VICE PRESIDENT | 2 | $0 |
| MARY C BRAUN 100 WEST 10TH STREET SUITE 815, WILMINGTON, DE 19805 | PRESIDENT | 2 | $0 |
| ANTOINE J ALLEN 100 WEST 10TH STREET SUITE 815, WILMINGTON, DE 19805 | VICE PRESIDENT | 2 | $0 |
| MICHAEL M CONNOLLY 100 WEST 10TH STREET SUITE 815, WILMINGTON, DE 19805 | VICE PRESIDENT | 2 | $0 |
| CHRISTOPHER G CONNOLLY 100 WEST 10TH STREET SUITE 815, WILMINGTON, DE 19805 | VICE PRESIDENT | 2 | $0 |
| PATRICIA L HOFFMAN 100 WEST 10TH STREET SUITE 815, WILMINGTON, DE 19805 | EXECUTIVE ASSISTANT Highest-paid employee | 30 | $0 |
Address and contacts
- Address (IRS master file)
- 100 W 10TH ST STE 815, WILMINGTON, DE 19801-6605
- Signed the 990-PF
- THOMAS D VEALE, EXECUTIVE DIRECTOR
- Phone
- (302) 654-1680
- Return prepared by
- BARBACANE THORNTON & 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 | 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
- 51-6015095
- 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
- 1961
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $66,106,179
- Income (IRS master file)
- $10,960,904
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $6,960,541 | $4,502,554 | $66,106,179 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $2,684,527 | $4,456,596 | $63,648,192 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 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-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 51-6015095).
Questions about LAFFEY-MCHUGH FOUNDATION
- What is the EIN of LAFFEY-MCHUGH FOUNDATION?
- The employer identification number (EIN) of LAFFEY-MCHUGH FOUNDATION is 51-6015095.
- Is LAFFEY-MCHUGH FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1961.
- Are donations to LAFFEY-MCHUGH FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does LAFFEY-MCHUGH FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of LAFFEY-MCHUGH 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 LAFFEY-MCHUGH 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 LAFFEY-MCHUGH FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
- How much revenue does LAFFEY-MCHUGH FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $6,960,541, expenses of $4,502,554 and total assets of $66,106,179 at year end.
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