Nonprofit · EIN 85-3929756
THE MCKENNEY FOUNDATION
Tax-exempt · PETERSBURG, VA 23803
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $114,161 | $41,004 | $73,157 | $914,973 | $0 | $914,973 |
| December 31, 2023 | 990 | $436,781 | $42,295 | $394,486 | $885,488 | $43,672 | $841,816 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $112,690
- of which government grants
- $100,000
- Program service revenue
- $0
- Investment income
- $1
- Net rental income
- $1,470
- Other revenue
- $1,470
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $5,000
- Accounting fees
- $1,955
- Program services (functional)
- $32,902
- Management and general (functional)
- $6,772
- Fundraising (functional)
- $1,330
Balance sheet and other
- Total assets, start of year
- $885,488
- Total assets, end of year
- $914,973
- Total liabilities, end of year
- $0
- Net assets, end of year
- $914,973
- Land, buildings and equipment
- $724,549
- Net assets without donor restrictions
- $190,424
- Net assets with donor restrictions
- $724,549
- Gross receipts
- $114,161
- Employees
- 0
- State of legal domicile
- VA
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 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Herbert Coulton Jr | Advisory Board Trustee or director | 0.23 | $0 |
| Wayne M Crocker | President Trustee or director, Officer | 1.85 | $0 |
| Alexander Graham | Secretary/Treas Trustee or director, Officer | 1.85 | $0 |
| Andretta Hamilton | Vice President Trustee or director, Officer | 1.38 | $0 |
| Robert McKenney Hamner | Director Trustee or director | 0.23 | $0 |
| Mary Howard | Director Trustee or director | 0.23 | $0 |
| Andre Thompson | Advisory Board Trustee or director | 0.23 | $0 |
| Robert Walker | Director Trustee or director | 0.69 | $0 |
| Larry Murphy | Director Trustee or director | 3 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Herbert Coulton Jr | Advisory Board Trustee or director | 0.23 | $0 |
| Wayne M Crocker | President Trustee or director, Officer | 1.85 | $0 |
| Lucious Edwards | Director Trustee or director | 0.92 | $0 |
| Alexander Graham | Secretary/Treas Trustee or director, Officer | 1.85 | $0 |
| Andretta Hamilton | Vice President Trustee or director, Officer | 1.38 | $0 |
| Robert McKenney Hamner | Director Trustee or director | 0.23 | $0 |
| Joel Howard | Director Trustee or director | 0.23 | $0 |
| Mary Howard | Director Trustee or director | 0.23 | $0 |
| Andre Thompson | Advisory Board Trustee or director | 0.23 | $0 |
| Robert Walker | Director Trustee or director | 0.69 | $0 |
| Larry Murphy | Director Trustee or director | 3 | $0 |
Address and contacts
- Address (IRS master file)
- 201 W WASHINGTON ST, PETERSBURG, VA 23803-4203
- In care of
- % ALEXANDER GRAHAM
- Principal officer (990 for 2024)
- Wayne M Crocker, 201 West Washington Street, Petersburg, VA 23903
- Signed the 990
- Wayne M Crocker, President
- Phone
- (804) 733-2387
- Return prepared by
- Ragland & Associates LLC
Mission
To (i)repurpose the former William R McKenney Memorial Library to create the first city-wide African American history Museum-Center (the "Museum-Center") to reflect the significant istory of the Petersburg area where there was one of the largest concentrations of freed African Americans;(ii) educate the public regarding the history of the property located at 137 S. Sycamore Street in Petersburg, Virginia (the "McKenney Building") that houses the Museum Center, including General William Mahone, who resided in the building in 1867, and his Readjuster Party; (iii) restore the McKenney Building with the assistance of historic preservation tax credits, grants, donations, and services donated by the City of Petersburg; and (iv) create an archival space/research facility with a searchable catalog system for paper archives and ephemera owned by the City or gifted by the public (the "Research Facility").
Program accomplishments
- The Foundation received a community development block grant from the City of Petersburg to assist with the continued development of an African-American History and Culture Center in the City of Petersburg. The expenses included Oral History Recordings and legal expenses.Expenses $32,902 · revenue $100,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 85-3929756
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $914,973
- Income (IRS master file)
- $114,161
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $114,161 | $41,004 | $914,973 | XML |
| 990 | December 2023 | $436,781 | $42,295 | $885,488 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990 | December 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 85-3929756).
Questions about THE MCKENNEY FOUNDATION
- What is the EIN of THE MCKENNEY FOUNDATION?
- The employer identification number (EIN) of THE MCKENNEY FOUNDATION is 85-3929756.
- Is THE MCKENNEY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to THE MCKENNEY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE MCKENNEY FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of THE MCKENNEY 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 THE MCKENNEY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of THE MCKENNEY FOUNDATION?
- The 990 for the year ended December 31, 2024 names Wayne M Crocker.
- Who are the officers and directors of THE MCKENNEY FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
- How much revenue does THE MCKENNEY FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $114,161, expenses of $41,004 and total assets of $914,973 at year end.
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