Nonprofit · EIN 54-1907305
MCGLOTHLIN FOUNDATION
Tax-exempt · BRISTOL, VA 24201
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $1,423,099 | $1,173,189 | $249,910 | $17,317,992 | $3,906 | $17,314,086 |
| December 31, 2024 | 990-PF | $1,748,939 | $1,041,981 | $706,958 | $17,055,594 | $3,906 | $17,051,688 |
| December 31, 2023 | 990-PF | $727,609 | $1,062,899 | -$335,290 | $16,344,297 | $3,895 | $16,340,402 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $451,433
- Net gain from sales of assets
- $971,666
Expenses
- Grants and similar amounts paid
- $900,000
- Compensation of officers, directors and key employees
- $89,400
- Salaries, compensation and benefits (total)
- $50,000
- Disbursements for charitable purposes
- $995,400
- Excise tax on investment income
- $17,729
Balance sheet and other
- Total assets, start of year
- $17,055,594
- Total assets, end of year
- $17,317,992
- Total liabilities, end of year
- $3,906
- Net assets, end of year
- $17,314,086
- Fair market value of assets
- $21,533,868
- Qualifying distributions
- $995,400
- Net investment income
- $1,431,348
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 | Other / benefits |
|---|---|---|---|---|
| Thomas D McGlothlin 1005 Glenway Avenue, Bristol, VA 24201 | President | 35 | $89,400 | $4,803 |
| Michael G McGlothlin 1005 Glenway Avenue, Bristol, VA 24201 | Secretary | 1 | $0 | $0 |
| James W McGlothlin - Decd 8-6-2025 1005 Glenway Avenue, Bristol, VA 24201 | Treasurer | 1 | $0 | $0 |
990-PF for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Thomas D McGlothlin 1005 Glenway Avenue, Bristol, VA 24201 | President | 35 | $89,400 | $4,631 |
| Michael G McGlothlin 1005 Glenway Avenue, Bristol, VA 24201 | Secretary | 1 | $0 | $0 |
| James W McGlothlin 1005 Glenway Avenue, Bristol, VA 24201 | Treasurer | 1 | $0 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Thomas D McGlothlin 1005 Glenway Avenue, Bristol, VA 24201 | President | 35 | $88,385 | $11,223 |
| Michael G McGlothlin 1005 Glenway Avenue, Bristol, VA 24201 | Secretary | 1 | $0 | $0 |
| James W McGlothlin 1005 Glenway Avenue, Bristol, VA 24201 | Treasurer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 295 UNITED AVE, BRISTOL, VA 24201-3389
- In care of
- % THOMAS D MCGLOTHLIN
- Signed the 990-PF
- THOMAS D MCGLOTHLIN, President
- Phone
- (276) 645-5370
- Return prepared by
- Jones King P C
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 | 990-PF on file |
IRS record
- EIN
- 54-1907305
- 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
- 1998
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T00Z)
- Assets (IRS master file)
- $17,317,992
- Income (IRS master file)
- $5,215,475
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $1,423,099 | $1,173,189 | $17,317,992 | IRS |
| 990-PF | December 2024 | $1,748,939 | $1,041,981 | $17,055,594 | IRS |
| 990-PF | December 2023 | $727,609 | $1,062,899 | $16,344,297 | 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 54-1907305).
Questions about MCGLOTHLIN FOUNDATION
- What is the EIN of MCGLOTHLIN FOUNDATION?
- The employer identification number (EIN) of MCGLOTHLIN FOUNDATION is 54-1907305.
- Is MCGLOTHLIN FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to MCGLOTHLIN FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does MCGLOTHLIN FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of MCGLOTHLIN 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 MCGLOTHLIN 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 MCGLOTHLIN FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 3 people; 1 received compensation from the organization, the highest $89,400 (Thomas D McGlothlin, President).
- How much revenue does MCGLOTHLIN FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $1,423,099, expenses of $1,173,189 and total assets of $17,317,992 at year end.
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