Nonprofit · EIN 62-6041468
MACLELLAN FOUNDATION INC
Tax-exempt · CHATTANOOGA, TN 37402
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $13,829,774 | $29,774,320 | -$15,944,546 | $167,367,179 | $34,671 | $167,332,508 |
| December 31, 2023 | 990-PF | $7,801,963 | $31,235,363 | -$23,433,400 | $183,339,323 | $62,269 | $183,277,054 |
| December 31, 2021 | 990-PF (amended) | $34,648,038 | $31,396,183 | $3,251,855 | $225,312,680 | $59,404 | $225,253,276 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $4,448,522
- Interest
- $256,865
- Net rental income
- $111,772
- Net gain from sales of assets
- $8,756,177
- Other income
- $197,746
Expenses
- Grants and similar amounts paid
- $21,453,335
- Compensation of officers, directors and key employees
- $624,574
- Salaries, compensation and benefits (total)
- $1,720,789
- Disbursements for charitable purposes
- $27,012,336
- Excise tax on investment income
- $131,189
Balance sheet and other
- Total assets, start of year
- $183,339,323
- Total assets, end of year
- $167,367,179
- Total liabilities, end of year
- $34,671
- Net assets, end of year
- $167,332,508
- Fair market value of assets
- $257,546,064
- Qualifying distributions
- $27,012,336
- Net investment income
- $12,689,141
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 | Other / benefits |
|---|---|---|---|---|
| DAVID G DENMARK 820 BROAD STREET SUITE 300, CHATTANOOGA, TN 37402 | EXECUTIVE DIRECTOR | 38 | $367,861 | $37,951 |
| LUCIEN BEHAR 820 BROAD STREET SUITE 300, CHATTANOOGA, TN 37402 | CHIEF FINANCIAL OFFICER | 38 | $256,713 | $42,315 |
| JOHN CORTINES 820 BROAD STREET SUITE 300, CHATTANOOGA, TN 37402 | DIRECTOR OF GENEROSI Highest-paid employee | 38 | $203,269 | $35,619 |
| MATTHEW B ASHTON 802 BROAD STREET SUITE 300, CHATTANOOGA, TN 37402 | INVESTMENT OFFICER Highest-paid employee | 38 | $197,488 | $49,796 |
| RANDALL T KENNEDY 820 BROAD STREET SUITE 300, CHATTANOOGA, TN 37402 | STRATEGY DIRECTOR Highest-paid employee | 38 | $194,773 | $34,620 |
| MARGARET CATES 802 BROAD STREET SUITE 300, CHATTANOOGA, TN 37402 | DIRECTOR OF OPERATIO Highest-paid employee | 38 | $176,948 | $45,190 |
| EHAB YOUSSEF 820 BROAD STREET SUITE 300, CHATTANOOGA, TN 37402 | STRATEGY DIRECTOR Highest-paid employee | 38 | $150,730 | $25,987 |
| W MILLER WELBORN 820 BROAD STREET SUITE 300, CHATTANOOGA, TN 37402 | TRUSTEE | 1 | $0 | $0 |
| BEN FISCHER 820 BROAD STREET SUITE 300, CHATTANOOGA, TN 37402 | TRUSTEE | 1 | $0 | $0 |
| MORGAN MACLELLAN 820 BROAD STREET SUITE 300, CHATTANOOGA, TN 37402 | TRUSTEE | 1 | $0 | $0 |
| MICHAEL TREMAIN 820 BROAD STREET SUITE 300, CHATTANOOGA, TN 37402 | TRUSTEE | 1 | $0 | $0 |
| FRANCES HEALD SHEFFIELD 820 BROAD STREET SUITE 300, CHATTANOOGA, TN 37402 | TRUSTEE | 0 | $0 | $0 |
| HUGH O MACLELLAN JR 820 BROAD STREET SUITE 300, CHATTANOOGA, TN 37402 | CHAIRMAN EMERITUS | 1 | $0 | $0 |
| ROBERT H MACLELLAN 820 BROAD STREET SUITE 300, CHATTANOOGA, TN 37402 | VICE CHAIRMAN, SECRETARY AND TREASURER | 2 | $0 | $0 |
| RONALD W BLUE 820 BROAD STREET SUITE 300, CHATTANOOGA, TN 37402 | TRUSTEE EMERITUS) | 1 | $0 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHRISTOPHER H MACLELLAN 820 BROAD STREET SUITE 300, CHATTANOOGA, TN 37402 | CHAIRMAN OF THE BOARD | 35 | $0 |
| ELIZABETH LINDQUIST 820 BROAD STREET SUITE 300, CHATTANOOGA, TN 37402 | TRUSTEE | 1 | $0 |
| CATHERINE M HEALD 820 BROAD STREET SUITE 300, CHATTANOOGA, TN 37402 | TRUSTEE | 1 | $0 |
| LAURENCE POWELL 820 BROAD STREET SUITE 300, CHATTANOOGA, TN 37402 | TRUSTEE | 1 | $0 |
| DARYL J HEALD 820 BROAD STREET SUITE 300, CHATTANOOGA, TN 37402 | ASSOCIATE TRUSTEE | 1 | $0 |
| DR REID MACLELLAN 820 BROAD STREET SUITE 300, CHATTANOOGA, TN 37402 | TRUSTEE | 1 | $0 |
990-PF for the year ended December 31, 2023: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAVID G DENMARK 820 BROAD STREET SUITE 300, CHATTANOOGA, TN 37402 | EXECUTIVE DIRECTOR | 38 | $352,698 | $36,301 |
| LUCIEN BEHAR 820 BROAD STREET SUITE 300, CHATTANOOGA, TN 37402 | CHIEF FINANCIAL OFFICER | 38 | $247,264 | $40,623 |
| JOHN CORTINES 820 BROAD STREET SUITE 300, CHATTANOOGA, TN 37402 | DIRECTOR OF GENEROSI Highest-paid employee | 38 | $188,215 | $33,281 |
| RANDALL T KENNEDY 820 BROAD STREET SUITE 300, CHATTANOOGA, TN 37402 | STRATEGY DIRECTOR Highest-paid employee | 38 | $184,934 | $32,577 |
| MARGARET CATES 802 BROAD STREET SUITE 300, CHATTANOOGA, TN 37402 | DIRECTOR OF OPERATIO Highest-paid employee | 38 | $178,520 | $32,150 |
| MATTHEW B ASHTON 802 BROAD STREET SUITE 300, CHATTANOOGA, TN 37402 | INVESTMENT OFFICER Highest-paid employee | 38 | $176,584 | $31,837 |
| EHAB YOUSSEF 820 BROAD STREET SUITE 300, CHATTANOOGA, TN 37402 | STRATEGY DIRECTOR Highest-paid employee | 38 | $136,314 | $24,353 |
| W MILLER WELBORN 820 BROAD STREET SUITE 300, CHATTANOOGA, TN 37402 | TRUSTEE | 1 | $0 | $0 |
| BEN FISCHER 820 BROAD STREET SUITE 300, CHATTANOOGA, TN 37402 | TRUSTEE | 1 | $0 | $0 |
| MORGAN MACLELLAN 820 BROAD STREET SUITE 300, CHATTANOOGA, TN 37402 | TRUSTEE | 1 | $0 | $0 |
| MICHAEL TREMAIN 820 BROAD STREET SUITE 300, CHATTANOOGA, TN 37402 | TRUSTEE | 1 | $0 | $0 |
| FRANCES HEALD SHEFFIELD 820 BROAD STREET SUITE 300, CHATTANOOGA, TN 37402 | TRUSTEE | 0 | $0 | $0 |
| HUGH O MACLELLAN JR 820 BROAD STREET SUITE 300, CHATTANOOGA, TN 37402 | CHAIRMAN EMERITUS | 1 | $0 | $0 |
| ROBERT H MACLELLAN 820 BROAD STREET SUITE 300, CHATTANOOGA, TN 37402 | VICE CHAIRMAN, SECRETARY AND TREASURER | 2 | $0 | $0 |
| RONALD W BLUE 820 BROAD STREET SUITE 300, CHATTANOOGA, TN 37402 | TRUSTEE EMERITUS) | 1 | $0 | $0 |
| CHRISTOPHER H MACLELLAN 820 BROAD STREET SUITE 300, CHATTANOOGA, TN 37402 | CHAIRMAN OF THE BOARD | 35 | $0 | $0 |
| ELIZABETH LINDQUIST 820 BROAD STREET SUITE 300, CHATTANOOGA, TN 37402 | TRUSTEE | 1 | $0 | $0 |
| CATHERINE M HEALD 820 BROAD STREET SUITE 300, CHATTANOOGA, TN 37402 | TRUSTEE | 1 | $0 | $0 |
| LAURENCE POWELL 820 BROAD STREET SUITE 300, CHATTANOOGA, TN 37402 | TRUSTEE | 1 | $0 | $0 |
| DARYL J HEALD 820 BROAD STREET SUITE 300, CHATTANOOGA, TN 37402 | ASSOCIATE TRUSTEE | 1 | $0 | $0 |
| DR REID MACLELLAN 820 BROAD STREET SUITE 300, CHATTANOOGA, TN 37402 | TRUSTEE | 1 | $0 | $0 |
990-PF for the year ended December 31, 2021: 19 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAVID G DENMARK 820 BROAD STREET SUITE 300, CHATTANOOGA, TN 37402 | EXECUTIVE DIRECTOR | 38 | $307,326 | $31,901 |
| LUCIEN E BEHAR 820 BROAD STREET SUITE 300, CHATTANOOGA, TN 37402 | CHIEF FINANCIAL OFFICER | 38 | $224,122 | $36,662 |
| JOHN CORTINES 820 BROAD STREET SUITE 300, CHATTANOOGA, TN 37402 | DIRECTOR OF GENEROSI Highest-paid employee | 38 | $167,671 | $29,650 |
| RANDALL T KENNEDY 820 BROAD STREET SUITE 300, CHATTANOOGA, TN 37402 | STRATEGY DIRECTOR Highest-paid employee | 38 | $147,497 | $27,148 |
| MARGARET CATES 802 BROAD STREET SUITE 300, CHATTANOOGA, TN 37402 | DIRECTOR OF OPERATIO Highest-paid employee | 38 | $140,833 | $26,256 |
| MATTHEW B ASHTON 802 BROAD STREET SUITE 300, CHATTANOOGA, TN 37402 | INVESTMENT OFFICER Highest-paid employee | 38 | $125,009 | $22,961 |
| EHAB YOUSSEF 820 BROAD STREET SUITE 300, CHATTANOOGA, TN 37402 | STRATEGY DIRECTOR Highest-paid employee | 38 | $112,467 | $20,463 |
| W MILLER WELBORN 820 BROAD STREET SUITE 300, CHATTANOOGA, TN 37402 | TRUSTEE | 1 | $0 | $0 |
| BEN FISCHER 820 BROAD STREET SUITE 300, CHATTANOOGA, TN 37402 | TRUSTEE | 1 | $0 | $0 |
| HUGH O MACLELLAN JR 820 BROAD STREET SUITE 300, CHATTANOOGA, TN 37402 | SECRETARY | 1 | $0 | $0 |
| ROBERT H MACLELLAN 820 BROAD STREET SUITE 300, CHATTANOOGA, TN 37402 | VICE CHAIRMAN | 2 | $0 | $0 |
| PAT MACMILLAN 820 BROAD STREET SUITE 300, CHATTANOOGA, TN 37402 | TRUSTEE | 1 | $0 | $0 |
| RONALD W BLUE 820 BROAD STREET SUITE 300, CHATTANOOGA, TN 37402 | TRUSTEE | 1 | $0 | $0 |
| CHRISTOPHER H MACLELLAN 820 BROAD STREET SUITE 300, CHATTANOOGA, TN 37402 | CHAIRMAN | 35 | $0 | $0 |
| ELIZABETH LINDQUIST 820 BROAD STREET SUITE 300, CHATTANOOGA, TN 37402 | TRUSTEE | 1 | $0 | $0 |
| CATHERINE M HEALD 820 BROAD STREET SUITE 300, CHATTANOOGA, TN 37402 | TREASURER | 1 | $0 | $0 |
| LAURENCE POWELL 820 BROAD STREET SUITE 300, CHATTANOOGA, TN 37402 | TRUSTEE | 1 | $0 | $0 |
| DARYL J HEALD 820 BROAD STREET SUITE 300, CHATTANOOGA, TN 37402 | ASSOCIATE TRUSTEE | 1 | $0 | $0 |
| DR REID MACLELLAN 820 BROAD STREET SUITE 300, CHATTANOOGA, TN 37402 | ASSOCIATE TRUSTEE | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 820 BROAD ST STE 300, CHATTANOOGA, TN 37402-2604
- Signed the 990-PF
- DAVID G DENMARK, EXECUTIVE DIRECTOR
- Phone
- (423) 755-8142
- Website
- WWW.MACLELLAN.NET
- Return prepared by
- AMY THOMAS
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
- 62-6041468
- 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
- 1992
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $167,367,179
- Income (IRS master file)
- $68,613,662
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $13,829,774 | $29,774,320 | $167,367,179 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $7,801,963 | $31,235,363 | $183,339,323 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | $34,648,038 | $31,396,183 | $225,312,680 | XML |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | $20,410,052 | $29,575,660 | $222,051,381 | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990-PF | December 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 62-6041468).
Questions about MACLELLAN FOUNDATION INC
- What is the EIN of MACLELLAN FOUNDATION INC?
- The employer identification number (EIN) of MACLELLAN FOUNDATION INC is 62-6041468.
- Is MACLELLAN FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1992.
- Are donations to MACLELLAN FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does MACLELLAN FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of MACLELLAN 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 MACLELLAN 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 MACLELLAN FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 21 people; 7 received compensation from the organization, the highest $367,861 (DAVID G DENMARK, EXECUTIVE DIRECTOR).
- How much revenue does MACLELLAN FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $13,829,774, expenses of $29,774,320 and total assets of $167,367,179 at year end.
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