Nonprofit · EIN 75-2874187
L & M CHARITABLE FOUNDATION INC
Tax-exempt · DALLAS, TX 75219
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $3,735,360 | $761,484 | $2,973,876 | $14,982,964 | $16,316 | $14,966,648 |
| December 31, 2023 | 990-PF | $543,879 | $615,318 | -$71,439 | $11,946,421 | $18,099 | $11,928,322 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,025,789
- Dividends
- $331,149
- Interest
- $136,695
- Net gain from sales of assets
- $1,246,063
- Other income
- -$4,336
Expenses
- Grants and similar amounts paid
- $645,000
- Disbursements for charitable purposes
- $645,000
- Excise tax on investment income
- $22,232
Balance sheet and other
- Total assets, start of year
- $11,946,421
- Total assets, end of year
- $14,982,964
- Total liabilities, end of year
- $16,316
- Net assets, end of year
- $14,966,648
- Fair market value of assets
- $17,640,119
- Qualifying distributions
- $645,000
- Net investment income
- $1,709,571
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 |
|---|---|---|---|
| RICHARD T MCMILLAN 3838 OAK LAWN AVE 1516, Dallas, TX 75219 | Pres/DIR | 0 | $0 |
| JAN LATE MCMILLAN 3838 OAK LAWN AVE 1516, Dallas, TX 75219 | Director | 0 | $0 |
| KIRSTIN E MCMILLAN GILLESPIE 3838 OAK LAWN AVE 1516, Dallas, TX 75219 | Director | 0 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICHARD T MCMILLAN 3838 OAK LAWN AVE 1516, Dallas, TX 75219 | Pres/DIR | 0 | $0 |
| JAN LATE MCMILLAN 3838 OAK LAWN AVE 1516, Dallas, TX 75219 | Director | 0 | $0 |
| KIRSTIN E MCMILLAN GILLESPIE 3838 OAK LAWN AVE 1516, Dallas, TX 75219 | Director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 3838 OAK LAWN AVE STE 1516, DALLAS, TX 75219-4516
- In care of
- % RICHARD T MCMILLAN
- Signed the 990-PF
- RICHARD T MCMILLAN, President/Director
- Phone
- (432) 683-7700
- Return prepared by
- BRIGHT & BRIGHT 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
- 75-2874187
- 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
- 2000
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Education (B12)
- Assets (IRS master file)
- $14,982,964
- Income (IRS master file)
- $13,453,459
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $3,735,360 | $761,484 | $14,982,964 | IRS |
| 990-PF | December 2023 | $543,879 | $615,318 | $11,946,421 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
| 990-PF | December 2017 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about L & M CHARITABLE FOUNDATION INC
- What is the EIN of L & M CHARITABLE FOUNDATION INC?
- The employer identification number (EIN) of L & M CHARITABLE FOUNDATION INC is 75-2874187.
- Is L & M CHARITABLE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to L & M CHARITABLE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does L & M CHARITABLE FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of L & M CHARITABLE 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 L & M CHARITABLE 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 L & M CHARITABLE FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does L & M CHARITABLE FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $3,735,360, expenses of $761,484 and total assets of $14,982,964 at year end.
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