Nonprofit · EIN 33-2373460
LISA AND MIKE MCGRATH FAMILY FOUNDATION
Tax-exempt · CEDAR RAPIDS, IA 52403
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $4,235,617 | $104,452 | $4,131,165 | $4,712,485 | $0 | $4,712,485 |
| December 31, 2024 | 990-PF | $4,632,474 | $62 | $4,632,412 | $1,866,933 | $0 | $1,866,933 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $2,321,569
- Dividends
- $127,473
- Interest
- $2,712
- Net gain from sales of assets
- $1,783,863
Expenses
- Grants and similar amounts paid
- $25,000
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $29,007
- Excise tax on investment income
- $25,835
Balance sheet and other
- Total assets, start of year
- $1,866,933
- Total assets, end of year
- $4,712,485
- Total liabilities, end of year
- $0
- Net assets, end of year
- $4,712,485
- Fair market value of assets
- $8,159,510
- Qualifying distributions
- $29,007
- Net investment income
- $1,914,048
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ELIZABETH MCGRATH 4734 LOGAN LANE SE, CEDAR RAPIDS, IA 52403 | DIRECTOR/PRESIDENT | 0 | $0 |
| MICHAEL MCGRATH 4734 LOGAN LANE SE, CEDAR RAPIDS, IA 52403 | DIRECTOR/VP/SEC/TREAS | 2.5 | $0 |
| MURPHY MCGRATH 2250 COUNTRY CLUB PKWY SE, CEDAR RAPIDS, IA 52403 | DIRECTOR | 0 | $0 |
| GRIFFIN MCGRATH 7905 TOWER TERRACE RD, CEDAR RAPIDS, IA 52411 | DIRECTOR | 0 | $0 |
| TUCKER MCGRATH 1027 BRAIDWOOD CT, FORT COLLINS, CO 80524 | DIRECTOR | 0 | $0 |
990-PF for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ELIZABETH MCGRATH 4734 LOGAN LANE SE, CEDAR RAPIDS, IA 52403 | DIRECTOR/PRESIDENT | 0 | $0 |
| MICHAEL MCGRATH 4734 LOGAN LANE SE, CEDAR RAPIDS, IA 52403 | DIRECTOR/VP/SEC/TREAS | 0 | $0 |
| MURPHY MCGRATH 2250 COUNTRY CLUB PKWY SE, CEDAR RAPIDS, IA 52403 | DIRECTOR | 0 | $0 |
| GRIFFIN MCGRATH 7905 TOWER TERRACE RD, CEDAR RAPIDS, IA 52411 | DIRECTOR | 0 | $0 |
| TUCKER MCGRATH 1027 BRAIDWOOD CT, FORT COLLINS, CO 80524 | DIRECTOR | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 4734 LOGAN LN SE, CEDAR RAPIDS, IA 52403-3281
- Signed the 990-PF
- MICHAEL MCGRATH, OFFICER
- Phone
- (319) 389-1644
- Return prepared by
- RSM US 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 | 990-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | Check at the IRS |
IRS record
- EIN
- 33-2373460
- 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
- 2025
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $4,712,485
- Income (IRS master file)
- $5,515,308
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $4,235,617 | $104,452 | $4,712,485 | XML |
| 990-PF | December 2024 | $4,632,474 | $62 | $1,866,933 | XML |
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 33-2373460).
Questions about LISA AND MIKE MCGRATH FAMILY FOUNDATION
- What is the EIN of LISA AND MIKE MCGRATH FAMILY FOUNDATION?
- The employer identification number (EIN) of LISA AND MIKE MCGRATH FAMILY FOUNDATION is 33-2373460.
- Is LISA AND MIKE MCGRATH FAMILY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2025.
- Are donations to LISA AND MIKE MCGRATH FAMILY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does LISA AND MIKE MCGRATH FAMILY FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of LISA AND MIKE MCGRATH FAMILY FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LISA AND MIKE MCGRATH FAMILY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of LISA AND MIKE MCGRATH FAMILY FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does LISA AND MIKE MCGRATH FAMILY FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $4,235,617, expenses of $104,452 and total assets of $4,712,485 at year end.
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