Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
Name of foundation
THE MAHAN COLLECTION FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)150 MORRISTOWN RD SUITE 203
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BERNARDSVILLE, NJ07924
A Employer identification number

22-3846170
B Telephone number (see instructions)

(908) 696-9001
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$7,244,456J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 2,003,832
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 2,509 2,509  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 154,701
b Gross sales price for all assets on line 6a 590,299
7 Capital gain net income (from Part IV, line 2)... 154,701
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 2,161,042 157,210 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0 0 0
14 Other employee salaries and wages...... 202,609 0 0 202,609
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
9,023 0 0 9,023
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
14,550 0 0 14,550
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
17,846 0 0 17,846
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
94,896 0 94,896
20 Occupancy.............. 31,151 0 0 31,151
21 Travel, conferences, and meetings....... 11,337 0 0 11,337
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
281,981 0 0 281,981
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 663,393 0 94,896 568,497
25 Contributions, gifts, grants paid....... 16,400 16,400
26 Total expenses and disbursements. Add lines 24 and 25 679,793 0 94,896 584,897
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,481,249
b Net investment income (if negative, enter -0-) 157,210
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 65,714 86,546 85,546
2 Savings and temporary cash investments.........      
3 Accounts receivable right arrow31,332
Less: allowance for doubtful accounts right arrow   126,542 31,332 31,332
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 114,774 Click to see attachment
List of Attached Documents:
// Content
258,327 		258,327
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis right arrow1,660,970
Less: accumulated depreciation (attach schedule) right arrow1,029,106 500,882 Click to see attachment
List of Attached Documents:
// Content
631,864 		631,864
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
5,658,199 		Click to see attachment
List of Attached Documents:
// Content
6,237,387 		Click to see attachment
List of Attached Documents:
// Content
6,237,387
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 6,466,111 7,245,456 7,244,456
Liabilities 17 Accounts payable and accrued expenses..........   6
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons 1,146,880 444,970
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 1,146,880 444,976
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 5,319,231 6,800,480
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 5,319,231 6,800,480
30 Total liabilities and net assets/fund balances (see instructions). 6,466,111 7,245,456
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
5,319,231
2
Enter amount from Part I, line 27a .....................
2
1,481,249
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
6,800,480
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
6,800,480
Form 990-PF (2023)
Form 990-PF (2023)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a FIDELITY ACCOUNT P    
b FIDELITY ACCOUNT - UNREALIZED GAINS P    
c EQUIPMENT AND PARTS P    
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 202,906   192,328 10,578
b 36,022     36,022
c 351,371   243,270 108,101
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       10,578
b       36,022
c       108,101
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 154,701
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 2,185
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 2,185
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 2,185
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 2,800
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 2,800
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 64
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 551
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow551 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
 
No
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowNJ
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. Click to see attachment
List of Attached Documents:
// Content
...............................
10
Yes
 
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowTHEMAHANCOLLECTION.ORG
14
The books are in care ofright arrowEXEMPT ORGANIZATION Telephone no.right arrow (908) 542-0055

Located atright arrow150 MORRISTOWN RD SUITE 203BERNARDSVILLENJ ZIP+4right arrow07924
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
GARY A MAHAN PRESIDENT/TRUSTEE
1.00 		0 0 0
53 CROSS ROAD
BASKING RIDGE,NJ07946
ROBERT GOLDSTEIN V.P./TREASURER/TRUSTEE
1.00 		0 0 0
303 WEST VALLEY BROOK ROAD
CALIFON,NJ07830
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1 THE ORG. CONTINUED TO RESTORE ITS ANTIQUE TRUCKS INCURRING $848,335 IN CAPITALIZED EXPENSES; IMPROVING AND ADDING TO THE COLLECTION TO DISPLAY TO THE PUBLIC FOR EDUC/HIST PURPOSES. 848,335
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1 THE ORGANIZATION'S PURPOSE IS TO ACQUIRE, INVEST IN, MAINTAIN, RESTORE AND HOLD FOR DISPLAY TO THE PUBLIC HISTORIC VEHICLES, MACHINERY & EQUIPMENT. 0
2 DURING THE CURRENT YEAR THE ORGANIZATION INCURRED RESTORATION EXPENSES AS WELL AS GENERAL ADMIN. EXPENSES ON THE COLLECTION IT WILL PUT ON DISPLAY FOR EDUCATION IN MECHANICAL HISTORY. 0
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
0
b
Average of monthly cash balances.......................
1b
15,546
c
Fair market value of all other assets (see instructions)................
1c
5,947,794
d
Total (add lines 1a, b, and c).........................
1d
5,963,340
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
5,963,340
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
89,450
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
5,873,890
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
293,695
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
293,695
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
2,185
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
2,185
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
291,510
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
291,510
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
291,510
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
584,897
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
848,335
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
1,433,232
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 291,510
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 1,296,291
b From 2019...... 720,030
c From 2020...... 522,077
d From 2021...... 437,497
e From 2022...... 872,904
f Total of lines 3a through e ........ 3,848,799
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 1,433,232
a Applied to 2022, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2023 distributable amount..... 291,510
e Remaining amount distributed out of corpus 1,141,722
5 Excess distributions carryover applied to 2023. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 4,990,521
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		1,296,291
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		3,694,230
10 Analysis of line 9:
a Excess from 2019.... 720,030
b Excess from 2020.... 522,077
c Excess from 2021.... 437,497
d Excess from 2022.... 872,904
e Excess from 2023.... 1,141,722
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
GARY A MAHAN
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2023)
Form 990-PF (2023)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

WOUNDED WARRIOR PROJECT

4899 BELFORT ROAD SUITE 300
JACKSONVILLE,FL32256 		    UNRESITRICTED CONTRIBUTION 16,400
Total .................................right arrow 3a 16,400
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....         2,509
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		        154,701
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 0 157,210
13Total. Add line 12, columns (b), (d), and (e)..................
13
157,210
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
10 FIXED ASSETS WAS SOLD
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2023
Name of the organization
THE MAHAN COLLECTION FOUNDATION INC
 
Employer identification number

22-3846170
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2023)
Schedule B (Form 990) (2023) Page 2
Name of organization
THE MAHAN COLLECTION FOUNDATION INC
  		Employer identification number
22-3846170
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
ROGER MAHAN
3 TIMBER RIDGE RD
 
FAR HILLS, NJ07931

$ 255,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
GARY MAHAN
53 CROSS ROAD
 
BASKING RIDGE, NJ07920

$ 1,657,732


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
3
JOE DAMIGELLA III
1715 HOPKINS RD
 
HOPKINS, NH03329

$ 10,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
4
JOHN SKIADAS
35 DUMAS AVE
 
HAMPTON, NH03842

$ 10,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
5
AVERY CONSTRUCTION COMPANY
 
64 FIELD RD UNIT 1
 
SOMERS, CT06071

$ 12,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
6
MYRON P SHEVELL ESTATE
 
84 SHAW RD
 
NORTHFIELD, NH03220

$ 5,000


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Name of organization
THE MAHAN COLLECTION FOUNDATION INC
  		Employer identification number
22-3846170
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
7
BUTTER BROOK GOLF CLUB
 
157 CARLIDLE RD
 
WESTFORD, MA01886

$ 15,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
8
G GREEN CONSTRUCTION CO
 
240 LINCOLN STREET
 
ALLSTON, MA02134

$ 10,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
9
MICHAEL BEYER
3 TIMBER RIDGE RD
 
FAR HILLS, NJ07931

$ 10,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
10
ROBERT MARAGNI
53 CROSS ROAD
 
BASKING RIDGE, NJ07920

$ 15,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
THE MAHAN COLLECTION FOUNDATION INC
  		Employer identification number

22-3846170
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
THE MAHAN COLLECTION FOUNDATION INC
  		Employer identification number

22-3846170
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2023)
Additional Data


Software ID:  
Software Version:  

TY 2023 AccountingFeesSchedule
Name:
THE MAHAN COLLECTION FOUNDATION INC
EIN:
22-3846170
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 9,023 0 0 9,023

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2023 DepreciationSchedule
Name:
THE MAHAN COLLECTION FOUNDATION INC
EIN:
22-3846170
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
2001 TRAIL KING LOWBOY 2004-01-01 21,280 21,280 SL 7.000000000000 0 0 0  
KAWASAKI FORKLIFT 2004-04-22 18,133 18,130 SL 7.000000000000 0 0 0  
TOOLBOXES 2004-04-13 1,500 1,500 SL 7.000000000000 0 0 0  
2005 FORD F-250 2005-01-27 34,654 34,654 SL 5.000000000000 0 0 0  
SNOWPLOW 2005-06-27 3,317 3,317 SL 7.000000000000 0 0 0  
SIGNS AND LETTERING 2005-09-26 2,974 2,974 SL 7.000000000000 0 0 0  
BUILDING/BARN 2006-12-22 517,867 331,447 SL 25.000000000000 20,715 0 20,715  
GASOLINE GLASS 2006-10-05 9,600 9,600 SL 7.000000000000 0 0 0  
SIGNS AND LETTERING 2006-07-20 925 925 SL 7.000000000000 0 0 0  
TOOLBOXES 2006-04-06 5,000 5,000 SL 7.000000000000 0 0 0  
CARGO TRAILER 2007-04-02 9,705 9,705 SL 7.000000000000 0 0 0  
CARGO TRAILER 2007-11-08 68,030 68,030 SL 7.000000000000 0 0 0  
BUILDING/BARN 2007-06-28 1,723 1,335 SL 25.000000000000 69 0 69  
SIGNS AND LETTERING 2007-06-11 2,070 2,070 SL 7.000000000000 0 0 0  
YAMAHA ATV 2007-11-21 4,100 4,100 SL 7.000000000000 0 0 0  
SIGNS AND LETTERING 2008-06-11 2,735 2,735 SL 7.000000000000 0 0 0  
SEGWAY UNITS (2) 2008-01-01 7,900 7,894 SL 7.000000000000 0 0 0  
BUILDING/BARN 2009-01-01 120,000 67,200 SL 25.000000000000 4,800 0 4,800  
SIGNS AND LETTERING 2009-06-30 3,580 3,580 SL 7.000000000000 0 0 0  
SIGNS AND LETTERING 2010-06-30 3,805 3,805 SL 7.000000000000 0 0 0  
CASE 586E FORKLIFT 2010-06-24 7,800 7,800 SL 7.000000000000 0 0 0  
1995 JD TRACTOR 2010-02-08 15,000 15,000 SL 7.000000000000 0 0 0  
SIGNS AND LETTERING 2011-02-28 3,705 3,705 SL 7.000000000000 0 0 0  
SIGNS AND LETTERING 2012-04-02 4,900 4,900 SL 7.000000000000 0 0 0  
FORKLIFT 2012-01-01 2,966 2,966 SL 7.000000000000 0 0 0  
SIGNS AND LETTERING 2013-04-08 16,370 16,370 SL 7.000000000000 0 0 0  
BUILDING IMPROVEMENTS 2014-11-07 26,500 8,657 SL 25.000000000000 1,060 0 1,060  
1985 MACK TRACTOR 2014-09-29 20,000 20,000 SL 7.000000000000 0 0 0  
2000 YUKON 2014-09-29 5,000 5,000 SL 7.000000000000 0 0 0  
SIGNS AND LETTERING 2014-05-20 4,900 4,900 SL 7.000000000000 0 0 0  
SIGNS AND LETTERING 2015-07-08 8,064 8,064 SL 7.000000000000 0 0 0  
SIGNS AND LETTERING 2016-02-01 8,020 8,020 SL 7.000000000000 0 0 0  
GOLF CART 2016-01-01 1,500 1,500 SL 7.000000000000 0 0 0  
SIGNS AND LETTERING 2017-06-30 4,800 3,773 SL 7.000000000000 686 0 686  
2017 F350 2017-03-07 54,280 42,647 SL 7.000000000000 7,754 0 7,754  
1995 JD TRACTOR REPAIRS 2017-03-23 6,156 4,833 SL 7.000000000000 879 0 879  
2011 YUKON 2018-10-15 18,800 11,303 SL 7.000000000000 2,686 0 2,686  
CAT TRACTOR 2018-11-15 5,000 2,945 SL 7.000000000000 714 0 714  
D7 DOZER 2018-12-15 4,250 2,453 SL 7.000000000000 607 0 607  
HAWTHORNE TRAILER 2018-11-15 5,000 2,945 SL 7.000000000000 714 0 714  
SIGNS AND LETTERING 2018-11-01 2,350 1,400 SL 7.000000000000 336 0 336  
EQUIPMENT 2018-09-15 135,757 83,232 SL 7.000000000000 19,394 0 19,394  
EQUIPMENT 2018-06-01 3,900 2,228 SL 7.000000000000 557 0 557  
LANDOLL TRAILER 2019-09-15 17,873 8,596 SL 7.000000000000 2,553 0 2,553  
GOLF CART 2019-08-05 4,500 2,197 SL 7.000000000000 643 0 643  
SIGNS AND LETTERING 2019-09-01 6,900 3,287 SL 7.000000000000 986 0 986  
SIGNS AND LETTERING 2020-07-06 11,781 4,208 SL 7.000000000000 1,683 0 1,683  
GMC 2020-03-02 64,754 26,211 SL 7.000000000000 9,251 0 9,251  
SPRAY BOOTH 2020-05-21 36,549 13,488 SL 7.000000000000 5,221 0 5,221  
1997 TALBERT 4695 2021-04-30 30,000 7,143 SL 7.000000000000 4,286 0 4,286  
SIGNS AND LETTERING 2021-03-02 4,350 1,139 SL 7.000000000000 621 0 621  
SIGNS AND LETTERING 2021-09-19 1,941 346 SL 7.000000000000 277 0 277  
1984 CAT 621B MOTOR SCRAPER 2022-10-03 4,950 177 SL 7.000000000000 707 0 707  
CASE 5850 FORKLIFT 2022-02-01 4,985 653 SL 7.000000000000 712 0 712  
CAT 988A RUBBER TIRE LOADER 2022-09-20 17,468 624 SL 7.000000000000 2,495 0 2,495  
CAT D9H 2022-04-06 13,200 1,414 SL 7.000000000000 1,886 0 1,886  
EUCLID DUMP TRUCK 124A 2022-09-30 3,970 142 SL 7.000000000000 567 0 567  
SIGNS AND LETTERING 2022-05-31 7,955 663 SL 7.000000000000 1,136 0 1,136  
CAT D7 DOZER 2023-10-23 6,469   SL 7.000000000000 154 0 154  
CAT D9G 2023-10-23 7,313   SL 7.000000000000 174 0 174  
EUCLID R20 ROCK TRUCK 2023-10-23 2,531   SL 7.000000000000 60 0 60  
SIGNS AND LETTERING 2023-09-05 6,800   SL 7.000000000000 324 0 324  
EQUIPMENT 2023-03-20 1,767   SL 7.000000000000 189 0 189  
BICKFORD PROPERTY 2023-01-25 1,000   L   0 0 0  
BICKFORD PROPERTY 2003-06-26 200,000   L   0 0 0  

TY 2023 InvestmentsCorpStockSchedule
Name:
THE MAHAN COLLECTION FOUNDATION INC
EIN:
22-3846170
Name of Stock End of Year Book Value End of Year Fair Market Value
FIDELITY ACCOUNT 258,327 258,327

TY 2023 LandEtcSchedule2
Name:
THE MAHAN COLLECTION FOUNDATION INC
EIN:
22-3846170
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
2001 TRAIL KING LOWBOY 21,280 21,280 0  
KAWASAKI FORKLIFT 18,133 18,130 3  
TOOLBOXES 1,500 1,500 0  
2005 FORD F-250 34,654 34,654 0  
SNOWPLOW 3,317 3,317 0  
SIGNS AND LETTERING 2,974 2,974 0  
BUILDING/BARN 517,867 352,162 165,705  
GASOLINE GLASS 9,600 9,600 0  
SIGNS AND LETTERING 925 925 0  
TOOLBOXES 5,000 5,000 0  
CARGO TRAILER 9,705 9,705 0  
CARGO TRAILER 68,030 68,030 0  
BUILDING/BARN 1,723 1,404 319  
SIGNS AND LETTERING 2,070 2,070 0  
YAMAHA ATV 4,100 4,100 0  
SIGNS AND LETTERING 2,735 2,735 0  
SEGWAY UNITS (2) 7,900 7,894 6  
BUILDING/BARN 120,000 72,000 48,000  
SIGNS AND LETTERING 3,580 3,580 0  
SIGNS AND LETTERING 3,805 3,805 0  
CASE 586E FORKLIFT 7,800 7,800 0  
1995 JD TRACTOR 15,000 15,000 0  
SIGNS AND LETTERING 3,705 3,705 0  
SIGNS AND LETTERING 4,900 4,900 0  
FORKLIFT 2,966 2,966 0  
SIGNS AND LETTERING 16,370 16,370 0  
BUILDING IMPROVEMENTS 26,500 9,717 16,783  
1985 MACK TRACTOR 20,000 20,000 0  
2000 YUKON 5,000 5,000 0  
SIGNS AND LETTERING 4,900 4,900 0  
SIGNS AND LETTERING 8,064 8,064 0  
SIGNS AND LETTERING 8,020 8,020 0  
GOLF CART 1,500 1,500 0  
SIGNS AND LETTERING 4,800 4,459 341  
2017 F350 54,280 50,401 3,879  
1995 JD TRACTOR REPAIRS 6,156 5,712 444  
2011 YUKON 18,800 13,989 4,811  
CAT TRACTOR 5,000 3,659 1,341  
D7 DOZER 4,250 3,060 1,190  
HAWTHORNE TRAILER 5,000 3,659 1,341  
SIGNS AND LETTERING 2,350 1,736 614  
EQUIPMENT 135,757 102,626 33,131  
EQUIPMENT 3,900 2,785 1,115  
LANDOLL TRAILER 17,873 11,149 6,724  
GOLF CART 4,500 2,840 1,660  
SIGNS AND LETTERING 6,900 4,273 2,627  
SIGNS AND LETTERING 11,781 5,891 5,890  
GMC 64,754 35,462 29,292  
SPRAY BOOTH 36,549 18,709 17,840  
1997 TALBERT 4695 30,000 11,429 18,571  
SIGNS AND LETTERING 4,350 1,760 2,590  
SIGNS AND LETTERING 1,941 623 1,318  
1984 CAT 621B MOTOR SCRAPER 4,950 884 4,066  
CASE 5850 FORKLIFT 4,985 1,365 3,620  
CAT 988A RUBBER TIRE LOADER 17,468 3,119 14,349  
CAT D9H 13,200 3,300 9,900  
EUCLID DUMP TRUCK 124A 3,970 709 3,261  
SIGNS AND LETTERING 7,955 1,799 6,156  
CAT D7 DOZER 6,469 154 6,315  
CAT D9G 7,313 174 7,139  
EUCLID R20 ROCK TRUCK 2,531 60 2,471  
SIGNS AND LETTERING 6,800 324 6,476  
EQUIPMENT 1,767 189 1,578  
BICKFORD PROPERTY 1,000 0 1,000  
BICKFORD PROPERTY 200,000 0 200,000  


TY 2023 OtherAssetsSchedule
Name:
THE MAHAN COLLECTION FOUNDATION INC
EIN:
22-3846170
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
COLLECTIONS - ANTIQUE TRUCKS & EQUIPMENT 5,658,199 6,237,387 6,237,387


TY 2023 OtherExpensesSchedule
Name:
THE MAHAN COLLECTION FOUNDATION INC
EIN:
22-3846170
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INSURANCE 140,287 0 0 140,287
ANTIQUE TRUCK REPAIRS & MAINTENANCE 70,733 0 0 70,733
AUTOMOBILE EXPENSES 10,649 0 0 10,649
REPAIRS - BUILDING 5,176 0 0 5,176
SHIPPING AND DELIVERY 6,474 0 0 6,474
FUEL 9,043 0 0 9,043
OFFICE SUPPLIES 4,590 0 0 4,590
DUES AND SUBSCRIPTIONS 768 0 0 768
TOURS, SHOWS AND PROGRAM EXPENSES 33,593 0 0 33,593
ADVERTISING 578 0 0 578
BANK FEES 90 0 0 90


TY 2023 OtherProfessionalFeesSchedule
Name:
THE MAHAN COLLECTION FOUNDATION INC
EIN:
22-3846170
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PAYROLL FEES 253 0 0 253
OTHER CONTRACT LABOR 14,280 0 0 14,280
INVESTMENT EXPENSE 17 0 0 17


TY 2023 SubstantialContributorsSch
Name:
THE MAHAN COLLECTION FOUNDATION INC
EIN:
22-3846170
Name Address
GARY A MAHAN 53 CROSS ROAD
BASKING RIDGE,NJ07920


TY 2023 TaxesSchedule
Name:
THE MAHAN COLLECTION FOUNDATION INC
EIN:
22-3846170
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
HIGHWAY USE TAX 284 0 0 284
NJ REGISTRATION FEES 31 0 0 31
PAYROLL TAXES 17,509 0 0 17,509
TAXES 22 0 0 22