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Nonprofit · EIN 64-6026795

SELBY AND RICHARD MCRAE FOUNDATION

Tax-exempt · JACKSON, MS 39236

Financials

$3.1M$3M2022−$1.1M$2.9M2023$1.9M$2.9M2024
Revenue Expenses · by fiscal year end
Financials of SELBY AND RICHARD MCRAE FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$1,885,168$2,942,466-$1,057,298$36,341,017$0$36,341,017
December 31, 2023990-PF-$1,092,096$2,930,679-$4,022,775$35,508,094$0$35,508,094
January 31, 2023990-PF$3,125,910$2,974,423$151,487$36,545,609$0$36,545,609
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$993,556
Dividends
$680,734
Interest
$2,478
Net gain from sales of assets
$148,960
Other income
$59,440

Expenses

Grants and similar amounts paid
$2,438,391
Compensation of officers, directors and key employees
$46,875
Disbursements for charitable purposes
$2,628,092
Excise tax on investment income
$8,403

Balance sheet and other

Total assets, start of year
$35,508,094
Total assets, end of year
$36,341,017
Total liabilities, end of year
$0
Net assets, end of year
$36,341,017
Fair market value of assets
$36,341,017
Qualifying distributions
$2,628,092
Net investment income
$905,093

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 / weekCompensation
RENEE D HOLM
PO BOX 13070, JACKSON, MS 39236
EXECUTIVE DIRECTOR15$46,875
RICHARD D MCRAE JR
PO BOX 13070, JACKSON, MS 39236
PRESIDENT1$0
VAUGHAN W MCRAE
PO BOX 13070, JACKSON, MS 39236
VICE-PRESIDENT1$0
SUSAN MCRAE SHANOR
PO BOX 13070, JACKSON, MS 39236
SECRETARY1$0
990-PF for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
RENEE D HOLM
PO BOX 13070, JACKSON, MS 39236
EXECUTIVE DIRECTOR35$42,500
SUSAN MCRAE SHANOR
PO BOX 13070, JACKSON, MS 39236
PRESIDENT1$0
RICHARD D MCRAE JR
PO BOX 13070, JACKSON, MS 39236
VICE-PRESIDENT1$0
VAUGHAN W MCRAE
PO BOX 13070, JACKSON, MS 39236
SECRETARY1$0
990-PF for the year ended January 31, 2023: 4 people
NameTitleHours / weekCompensation
RENEE D HOLM
PO BOX 13070, JACKSON, MS 39236
EXECUTIVE DIRECTOR35$59,749
SUSAN MCRAE SHANOR
PO BOX 13070, JACKSON, MS 39236
PRESIDENT1$0
RICHARD D MCRAE JR
PO BOX 13070, JACKSON, MS 39236
VICE-PRESIDENT1$0
VAUGHAN W MCRAE
PO BOX 13070, JACKSON, MS 39236
SECRETARY1$0

Address and contacts

Address (IRS master file)
PO BOX 13070, JACKSON, MS 39236-3070
Signed the 990-PF
RENEE D HOLM CPA, EXECUTIVE DIRECTOR
Phone
(601) 366-9371
Return prepared by
BMSS LLC

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
64-6026795
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
1965
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$36,341,017
Income (IRS master file)
$3,912,989

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$1,885,168$2,942,466$36,341,017XML
990-TDecember 2024–––IRS
990-PFDecember 2023-$1,092,096$2,930,679$35,508,094XML
990-TDecember 2023–––IRS
990-PFJanuary 2023$3,125,910$2,974,423$36,545,609XML
990-TJanuary 2023–––IRS
990-PFJanuary 2022–––IRS
990-TJanuary 2022–––IRS
990-PFJanuary 2021–––IRS
990-TJanuary 2021–––IRS
990-PFJanuary 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 64-6026795).

Questions about SELBY AND RICHARD MCRAE FOUNDATION

What is the EIN of SELBY AND RICHARD MCRAE FOUNDATION?
The employer identification number (EIN) of SELBY AND RICHARD MCRAE FOUNDATION is 64-6026795.
Is SELBY AND RICHARD MCRAE FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1965.
Are donations to SELBY AND RICHARD MCRAE FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does SELBY AND RICHARD MCRAE FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of SELBY AND RICHARD MCRAE 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 SELBY AND RICHARD MCRAE 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 SELBY AND RICHARD MCRAE FOUNDATION?
The 990-PF for the year ended December 31, 2024 lists 4 people; 1 received compensation from the organization, the highest $46,875 (RENEE D HOLM, EXECUTIVE DIRECTOR).
How much revenue does SELBY AND RICHARD MCRAE FOUNDATION have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $1,885,168, expenses of $2,942,466 and total assets of $36,341,017 at year end.

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