Nonprofit · EIN 82-2635946
MCGARY REGAN FOUNDATION INC
Tax-exempt · MIDLAND, TX 79710
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $3,234,293 | $869,845 | $2,364,448 | $13,273,604 | $0 | $13,273,604 |
| December 31, 2023 | 990-PF | $4,347,154 | $586,830 | $3,760,324 | $10,909,156 | $0 | $10,909,156 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,000,708
- Dividends
- $263,622
- Interest
- $101,170
- Net gain from sales of assets
- $868,793
Expenses
- Grants and similar amounts paid
- $666,530
- Compensation of officers, directors and key employees
- $93,756
- Disbursements for charitable purposes
- $755,744
- Excise tax on investment income
- $15,119
Balance sheet and other
- Total assets, start of year
- $10,909,156
- Total assets, end of year
- $13,273,604
- Total liabilities, end of year
- $0
- Net assets, end of year
- $13,273,604
- Fair market value of assets
- $15,411,920
- Qualifying distributions
- $755,744
- Net investment income
- $1,213,102
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 |
|---|---|---|---|
| J CODY KIDD PO BOX 51970, MIDLAND, TX 79710 | VICE PRESIDENT/SECRETARY & TREASURER | 20 | $93,756 |
| EILEEN PIWETZ PO BOX 51970, MIDLAND, TX 79710 | BOARD MEMBER | 1 | $0 |
| MADISON ROSE PO BOX 51970, MIDLAND, TX 79710 | BOARD MEMBER | 1 | $0 |
| BLAKE CAUTHEN PO BOX 51970, MIDLAND, TX 79710 | BOARD MEMBER | 1 | $0 |
| BRIAN MCGARY PO BOX 51970, MIDLAND, TX 79710 | PRESIDENT/BOARD MEMBER | 10 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SANDE WIER PO BOX 290, WALL, TX 76957 | ADMINISTRATOR Highest-paid employee | 20 | $86,667 |
| BRIAN MCGARY PO BOX 51970, MIDLAND, TX 79710 | PRESIDENT | 10 | $0 |
| J CODY KIDD PO BOX 51970, MIDLAND, TX 79710 | EXEC. DIRECTOR | 20 | $0 |
| EILEEN PIWETZ PO BOX 51310, MIDLAND, TX 79710 | VICE PRES ASST SEC | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 51970, MIDLAND, TX 79710-1970
- In care of
- % SANDE MELTON
- Signed the 990-PF
- BRIAN MCGARY, PRESIDENT
- Phone
- (432) 770-6301
- Return prepared by
- WEAVER AND TIDWELL 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
- 82-2635946
- 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
- 2018
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $13,273,604
- Income (IRS master file)
- $6,524,920
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $3,234,293 | $869,845 | $13,273,604 | XML |
| 990-PF | December 2023 | $4,347,154 | $586,830 | $10,909,156 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | 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 82-2635946).
Questions about MCGARY REGAN FOUNDATION INC
- What is the EIN of MCGARY REGAN FOUNDATION INC?
- The employer identification number (EIN) of MCGARY REGAN FOUNDATION INC is 82-2635946.
- Is MCGARY REGAN FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to MCGARY REGAN FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does MCGARY REGAN FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of MCGARY REGAN 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 MCGARY REGAN 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 MCGARY REGAN FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 5 people; 1 received compensation from the organization, the highest $93,756 (J CODY KIDD, VICE PRESIDENT/SECRETARY & TREASURER).
- How much revenue does MCGARY REGAN FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $3,234,293, expenses of $869,845 and total assets of $13,273,604 at year end.
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All nonprofits in MIDLAND · Texas · Philanthropy, voluntarism and grantmaking foundations