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Nonprofit · EIN 55-6023693

BERNARD MCDONOUGH FOUNDATION INC

Tax-exempt · PARKERSBURG, WV 26101

Financials

$1.7M$2.3M2023$2.2M$2.4M2024
Revenue Expenses · by fiscal year end
Financials of BERNARD MCDONOUGH FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$2,238,667$2,406,574-$167,907$33,986,463$5,467$33,980,996
December 31, 2023990-PF$1,701,934$2,324,683-$622,749$34,149,418$515$34,148,903
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Dividends
$1,105,033
Net gain from sales of assets
$1,133,570
Other income
$64

Expenses

Grants and similar amounts paid
$1,724,861
Compensation of officers, directors and key employees
$294,213
Disbursements for charitable purposes
$2,279,946
Excise tax on investment income
$29,805

Balance sheet and other

Total assets, start of year
$34,149,418
Total assets, end of year
$33,986,463
Total liabilities, end of year
$5,467
Net assets, end of year
$33,980,996
Fair market value of assets
$44,891,884
Qualifying distributions
$2,279,946
Net investment income
$2,238,667

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.

NameTitleHours / weekCompensationOther / benefits
ROBERT S BOONE
5120 GLENBROOK DRIVE, VIENNA, WV 26105
PRESIDENT40$155,000$61,655
KATRINA VALENTINE
9168 ELIZABETH PIKE, ELIZABETH, WV 26143
SECRETARY40$86,005$50,578
ROBERT W STEPHENS
3431 NW WILLOW CREEK DRIVE, JENSEN BEACH, FL 34957
DIRECTOR2$12,000$0
FC MCCUSKER
28 RENOIR DRIVE, WASHINGTON, WV 26181
TREASURER2$12,000$0
DALE A KNIGHT
200 BELLE MEADOW DRIVE, MARIETTA, OH 45750
DIRECTOR2$12,000$0
JOE CAMPBELL
54 SOUTH LAKE DRIVE, PARKERSBURG, WV 26101
DIRECTOR2$12,000$0
ANGELA I SMITH
13 STONEBROOK DRIVE, PARKERSBURG, WV 26104
PRESIDENT40$5,208$0
MARY RICCOBENE
378 RIDGE ROAD, PARKERSBURG, WV 26105
VICE PRESIDE2$0$0
990-PF for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensationOther / benefits
ROBERT S BOONE
5120 GLENBROOK DRIVE, VIENNA, WV 26105
PRESIDENT40$148,500$58,562
KATRINA VALENTINE
9168 ELIZABETH PIKE, ELIZABETH, WV 26143
SECRETARY40$82,705$47,832
ROBERT W STEPHENS
3431 NW WILLOW CREEK DRIVE, JENSEN BEACH, FL 34957
DIRECTOR2$3,000$0
FC MCCUSKER
28 RENOIR DRIVE, WASHINGTON, WV 26181
TREASURER2$3,000$0
DALE A KNIGHT
200 BELLE MEADOW DRIVE, MARIETTA, OH 45750
DIRECTOR2$3,000$0
JOE CAMPBELL
54 SOUTH LAKE DRIVE, PARKERSBURG, WV 26101
DIRECTOR2$3,000$0
MARY RICCOBENE
378 RIDGE ROAD, PARKERSBURG, WV 26105
VICE PRESIDE2$0$0

Address and contacts

Address (IRS master file)
311 4TH ST, PARKERSBURG, WV 26101-5315
In care of
% KATRINA VALENTINE
Signed the 990-PF
ANGELA I SMITH, PRESIDENT
Phone
(304) 424-6280
Return prepared by
KORESKI & ESTEP PLLC

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
55-6023693
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
1964
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$33,986,463
Income (IRS master file)
$3,530,525

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$2,238,667$2,406,574$33,986,463XML
990-PFDecember 2023$1,701,934$2,324,683$34,149,418XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-PFDecember 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 55-6023693).

Questions about BERNARD MCDONOUGH FOUNDATION INC

What is the EIN of BERNARD MCDONOUGH FOUNDATION INC?
The employer identification number (EIN) of BERNARD MCDONOUGH FOUNDATION INC is 55-6023693.
Is BERNARD MCDONOUGH FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1964.
Are donations to BERNARD MCDONOUGH FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does BERNARD MCDONOUGH FOUNDATION INC file?
Form 990-PF. Private foundations file every year.
When is the next return of BERNARD MCDONOUGH FOUNDATION INC 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 BERNARD MCDONOUGH FOUNDATION INC 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 BERNARD MCDONOUGH FOUNDATION INC?
The 990-PF for the year ended December 31, 2024 lists 8 people; 7 received compensation from the organization, the highest $155,000 (ROBERT S BOONE, PRESIDENT).
How much revenue does BERNARD MCDONOUGH FOUNDATION INC have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $2,238,667, expenses of $2,406,574 and total assets of $33,986,463 at year end.

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