Nonprofit · EIN 75-2567893
EUGENE AND MARGARET MEDERMOTT ART FUND INC
Tax-exempt · DALLAS, TX 75208
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990-PF | $2,542,163 | $55,660 | $2,486,503 | $281,081,730 | $0 | $281,081,730 |
| May 31, 2024 | 990-PF | $1,710,386 | $46,159 | $1,664,227 | $278,595,164 | $0 | $278,595,164 |
Financial details: 990-PF for the year ended May 31, 2025
Revenue
- Dividends
- $881,715
- Interest
- $272
- Net gain from sales of assets
- $1,660,176
Expenses
- Grants and similar amounts paid
- $0
- Disbursements for charitable purposes
- $39,306
- Excise tax on investment income
- $35,109
Balance sheet and other
- Total assets, start of year
- $278,595,164
- Total assets, end of year
- $281,081,730
- Total liabilities, end of year
- $0
- Net assets, end of year
- $281,081,730
- Fair market value of assets
- $289,971,769
- Qualifying distributions
- $1,611,806
- Net investment income
- $2,542,163
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 May 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Mary M Cook 1935 Malone Cliff View, Dallas, TX 75208 | Chairman & Dir | 0.5 | $0 |
| Schatzie Lee 3101 Greenbrier, Dallas, TX 75225 | Director | 0.5 | $0 |
| Patricia J Brown 1935 Malone Cliff View, Dallas, TX 75208 | SecTreas & Director | 0.5 | $0 |
| Grace Cook 1503 Corto Dr, Dallas, TX 75218 | Director | 0.5 | $0 |
990-PF for the year ended May 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Mary M Cook 1935 Malone Cliff View, Dallas, TX 75208 | Chairman & Dir | 0.5 | $0 |
| Schatzie Lee 3101 Greenbrier, Dallas, TX 75225 | Director | 0.5 | $0 |
| Patricia J Brown 1935 Malone Cliff View, Dallas, TX 75208 | SecTreas & Director | 0.5 | $0 |
| Grace Cook 1503 Corto Dr, Dallas, TX 75218 | Director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 1935 MALONE CLIFF VW, DALLAS, TX 75208-1730
- In care of
- % PATRICIA J BROWN
- Signed the 990-PF
- PATRICIA J BROWN, SecTreas & Director
- Phone
- (214) 369-9222
- Return prepared by
- Owen E Barnett CPA
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | Not on file |
| 2024 | May 31, 2025 | October 15, 2025 | 990-PF on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990-PF on file |
IRS record
- EIN
- 75-2567893
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private operating foundation
- Donations deductible (Pub 78)
- Private operating foundation, 50% limit
- Exempt since
- 1995
- Accounting year ends
- May
- Files
- Form 990-PF
- Category (NTEE)
- Arts, culture and humanities (A90M)
- Assets (IRS master file)
- $281,081,730
- Income (IRS master file)
- $9,615,728
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | May 2025 | $2,542,163 | $55,660 | $281,081,730 | XML |
| 990-PF | May 2024 | $1,710,386 | $46,159 | $278,595,164 | XML |
| 990-PF | May 2023 | – | – | – | IRS |
| 990-PF | May 2022 | – | – | – | IRS |
| 990-PF | May 2021 | – | – | – | 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 75-2567893).
Questions about EUGENE AND MARGARET MEDERMOTT ART FUND INC
- What is the EIN of EUGENE AND MARGARET MEDERMOTT ART FUND INC?
- The employer identification number (EIN) of EUGENE AND MARGARET MEDERMOTT ART FUND INC is 75-2567893.
- Is EUGENE AND MARGARET MEDERMOTT ART FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
- Are donations to EUGENE AND MARGARET MEDERMOTT ART FUND INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private operating foundation, 50% limit).
- Which annual return does EUGENE AND MARGARET MEDERMOTT ART FUND INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of EUGENE AND MARGARET MEDERMOTT ART FUND INC due?
- The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did EUGENE AND MARGARET MEDERMOTT ART FUND INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended May 2025.
- Who are the officers and directors of EUGENE AND MARGARET MEDERMOTT ART FUND INC?
- The 990-PF for the year ended May 31, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does EUGENE AND MARGARET MEDERMOTT ART FUND INC have?
- On its 990-PF for the year ended May 31, 2025 it reported revenue of $2,542,163, expenses of $55,660 and total assets of $281,081,730 at year end.
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