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
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024
Name of foundation
THOMAS R & ELIZABETH E MCLEAN
FOUNDATION INC
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 58329
 
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
FAYETTEVILLE, NC28305
A Employer identification number

31-1470721
B Telephone number (see instructions)

(910) 252-8858
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$29,718,473
J 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 Check right arrow.............
3 Interest on savings and temporary cash investments 5,334 5,334  
4 Dividends and interest from securities... 577,544 577,544  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 3,996,595
b Gross sales price for all assets on line 6a 12,430,076
7 Capital gain net income (from Part IV, line 2)... 3,996,595
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)....... 650,345 590,931  
12 Total. Add lines 1 through 11........ 5,229,818 5,170,404  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 429,616 227,384   202,232
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... 6,000 3,000   3,000
b Accounting fees (attach schedule)....... 9,800 4,900   4,900
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... 98,288 3,430   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 20,725 10,363   10,362
21 Travel, conferences, and meetings....... 2,736 0   0
22 Printing and publications..........        
23 Other expenses (attach schedule)....... 58,088 29,033   20,660
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 625,253 278,110   241,154
25 Contributions, gifts, grants paid....... 1,269,000 1,269,000
26 Total expenses and disbursements. Add lines 24 and 25 1,894,253 278,110   1,510,154
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 3,335,565
b Net investment income (if negative, enter -0-) 4,892,294
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
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............. 158,270 83,957 83,957
2 Savings and temporary cash investments......... 261,182 116,415 116,415
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
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)....... 20,869,011 Click to see attachment
List of Attached Documents:
// Content
24,427,245
27,497,413
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).......... 23,654 Click to see attachment
List of Attached Documents:
// Content
23,654
6,319
14 Land, buildings, and equipment: basis right arrow10,098
Less: accumulated depreciation (attach schedule) right arrow   10,098 10,098 241,576
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
529,487
Click to see attachment
List of Attached Documents:
// Content
529,487
Click to see attachment
List of Attached Documents:
// Content
1,772,793
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 21,851,702 25,190,856 29,718,473
Liabilities 17 Accounts payable and accrued expenses.......... 1,865 5,454
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 1,865 5,454
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...........    
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........ 8,960,983 8,960,983
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 12,888,854 16,224,419
29 Total net assets or fund balances (see instructions)..... 21,849,837 25,185,402
30 Total liabilities and net assets/fund balances (see instructions). 21,851,702 25,190,856
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
21,849,837
2
Enter amount from Part I, line 27a .....................
2
3,335,565
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
25,185,402
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
25,185,402
Form 990-PF (2024)
Form 990-PF (2024)
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 400 SHS CROWDSTRIKE HOLDINGS P   2024-01-08
b 300 SHS CROWDSTRIKE HOLIDNGS P   2024-01-10
c 100 SHS HUBSPOTS INC P   2024-01-22
d 99108 SHS PUTNAM ULTRA ST P   2024-01-22
e 500 SHS SHOCKWAVE MEDICAL P   2024-01-22
100 SHS COSTCO P   2024-01-23
100 SHS HUBSPOTS INC P   2024-01-23
200 SHS ANSYS INC P   2024-01-25
500 SHS SNOWFLAKE INC P   2024-01-29
100 SHS HUBSPOTS INC P   2024-01-30
100 SHS NORFOLK SOUTHERN P   2024-02-01
1000 SHS DATADOG INC P   2024-02-02
500 SHS SNOWFLAKE INC P   2024-02-02
250 SHS HERSHEY CO P   2024-02-08
100 SHS HUBSPOTS INC P   2024-02-08
200 SHS PEPSICO P   2024-02-08
500 SHS VANECK P   2024-02-09
2000 SHS CONFLUENT INC P   2024-02-13
200 SHS MASTERCARD P   2024-02-13
100 SHS NVIDIA P   2024-02-13
16683 SHS PUTNAM ULTRA ST P   2024-02-13
33317 SHS PUTNAM ULTRA ST P   2024-02-13
500 SHS SHOCKWAVE MEDICAL P   2024-02-16
500 SHS AMAZON P   2024-02-21
200 SHS NORFOLK SOUTHERN P   2024-02-21
500 SHS SHOCKWAVE MEDICAL P   2024-02-22
500 SHS SHOCKWAVE MEDICAL P   2024-02-22
500 SHS VANECK P   2024-02-22
2500 SHS ALPHABET INC P   2024-02-23
100 SHS NVIDIA P   2024-02-23
10000 SHS BANDWIDTH P   2024-02-29
700 SHS FISERV P   2024-02-29
500 SHS JP MORGAN P   2024-03-11
5000 SHS SENTINEL ONE P   2024-03-11
888 SHS METLIFE P   2024-03-14
50 SHS NVIDIA P   2024-03-25
500 SHS PULTEGROUP P   2024-03-25
500 SHS UBER P   2024-03-25
500 SHS SHOCKWAVE MEDICAL P   2024-03-27
2000 SHS THE TRADE DESK P   2024-04-03
100 SHS HUBSPOTS INC P   2024-04-04
500 SHS SHOCKWAVE MEDICAL P   2024-04-09
999 SHS VANECK P   2024-04-09
1 SHS VANECK P   2024-04-09
500 SHS SHOCKWAVE MEDICAL P    
500 SHS SHOCKWAVE MEDICAL P   2024-04-10
1000 SHS SHOCKWAVE MEDICAL P   2024-04-16
4685 SHS AMERICAN EQUITY P   2024-05-03
FRAC SHS BROOKFIELD ASSET P   2024-05-03
5000 SHS BANDWIDTH INC P   2024-05-07
2000 SHS CONFLUENT INC P   2024-05-08
100 SHS CROWDSTRIKE P   2024-05-24
1000 SHS INARI MED P   2024-05-24
350 SHS SOLVENTUM P   2024-05-24
50 SHS NVIDIA P   2024-05-28
39682.54 SHS PUTNAM ULTRA ST P   2024-05-28
1400 SHS 3M CO P   2024-06-03
100 SHS ADOBE P   2024-06-03
2129 SHS BROOKFIELD ASSET MGMT P   2024-06-03
1000 SHS CHARLES SCHWAB P   2024-06-05
100 SHS NVIDIA P   2024-06-05
4845 SHS DATADOG P   2024-06-13
155 SHS DATADOG P   2024-06-13
500 SHS AMAZON P   2024-07-09
505 SHS BIOGEN P   2024-07-09
42574.26 SHS PUTNAM ULTRA ST P   2024-07-17
3000 SHS ISHARES P   2024-07-18
6443.3 SHS JP MORGAN P   2024-07-29
400 SHS ADOBE P   2024-07-30
12351.78 SHS PUTNAM ULTRA ST P   2024-08-05
400 SHS BECTON P   2024-08-07
300 SHS SERVICE NOW P   2024-08-07
3500 SHS TWILIO P   2024-08-07
6000 SHS TWILIO P   2024-08-07
1000 SHS CROWDSTRIKE P   2024-08-22
100 SHS COSTCO P   2024-08-27
500 SHS BLACKSTONE P   2024-09-19
400 SHS HUBSPOT P   2024-11-11
10000 SHS SOFI TECH P   2024-11-11
5000 SHS IONQ P   2024-11-14
5000 SHS IONQ P   2024-11-29
100 SHS HUBSPOTS INC P   2024-12-03
1000 SHS SNOWFLAKE INC P   2024-12-03
2000 SHS SUPER MICRO COMPUTER P   2024-12-03
5000 SHS IONQ P   2024-12-20
CAPITAL GAINS DIVIDENDS P    
(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 104,527   65,916 38,611
b 84,590   49,437 35,153
c 59,020   32,986 26,034
d 1,000,000   994,850 5,150
e 109,752   91,329 18,423
68,579   7,324 61,255
59,125   32,986 26,139
68,311   5,912 62,399
105,014   82,893 22,121
63,479   32,986 30,493
24,937   934 24,003
133,999   87,350 46,649
106,297   79,315 26,982
51,420   8,383 43,037
62,478   32,986 29,492
34,753   12,333 22,420
101,835   56,195 45,640
64,029   31,358 32,671
92,236   63,586 28,650
72,584   18,010 54,574
168,160   167,493 667
335,790   334,409 1,381
134,256   91,329 42,927
84,884   48,079 36,805
51,623   1,868 49,755
132,365   91,329 41,036
134,956   91,329 43,627
104,229   56,195 48,034
363,524   149,741 213,783
80,518   18,010 62,508
190,789   136,036 54,753
103,423   7,591 95,832
93,377   23,403 69,974
134,309   73,698 60,611
63,886   28,802 35,084
48,083   9,005 39,078
58,354   11,329 47,025
40,270   18,335 21,935
163,521   91,095 72,426
174,118   132,380 41,738
67,072   32,986 34,086
163,466   91,095 72,371
224,094   112,277 111,817
224   112 112
163,740   84,675 79,065
163,744   84,675 79,069
327,362   168,570 158,792
264,698   111,337 153,361
39   38 1
121,998   69,146 52,852
61,429   31,358 30,071
35,333   16,479 18,854
49,688   42,764 6,924
21,181   19,015 2,166
56,824   9,005 47,819
400,000   398,335 1,665
139,324   103,506 35,818
43,892   38,637 5,255
83,607   82,648 959
73,917   50,070 23,847
121,799   18,010 103,789
577,861   418,696 159,165
17,872   12,784 5,088
99,935   48,079 51,856
115,430   127,336 -11,906
430,000   428,262 1,738
295,076   291,377 3,699
200,000   138,577 61,423
216,604   154,546 62,058
125,000   124,249 751
94,003   94,888 -885
242,562   115,824 126,738
209,510   201,809 7,701
359,159   393,548 -34,389
274,763   241,251 33,512
90,567   7,324 83,243
79,911   49,965 29,946
270,329   114,814 155,515
141,602   132,000 9,602
134,146   55,700 78,446
173,203   55,700 117,503
71,566   27,276 44,290
170,871   139,093 31,778
88,197   85,181 3,016
230,126   41,939 188,187
10,952     10,952
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       38,611
b       35,153
c       26,034
d       5,150
e       18,423
      61,255
      26,139
      62,399
      22,121
      30,493
      24,003
      46,649
      26,982
      43,037
      29,492
      22,420
      45,640
      32,671
      28,650
      54,574
      667
      1,381
      42,927
      36,805
      49,755
      41,036
      43,627
      48,034
      213,783
      62,508
      54,753
      95,832
      69,974
      60,611
      35,084
      39,078
      47,025
      21,935
      72,426
      41,738
      34,086
      72,371
      111,817
      112
      79,065
      79,069
      158,792
      153,361
      1
      52,852
      30,071
      18,854
      6,924
      2,166
      47,819
      1,665
      35,818
      5,255
      959
      23,847
      103,789
      159,165
      5,088
      51,856
      -11,906
      1,738
      3,699
      61,423
      62,058
      751
      -885
      126,738
      7,701
      -34,389
      33,512
      83,243
      29,946
      155,515
      9,602
      78,446
      117,503
      44,290
      31,778
      3,016
      188,187
      10,952
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 3,996,595
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 68,003
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 68,003
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 68,003
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 21,751
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 754
7 Total credits and payments. Add lines 6a through 6d.............. 7 22,505
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 2,147
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 47,645
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow   Refundedright arrow 11  
Form 990-PF (2024)
Form 990-PF (2024)
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
Yes
 
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 arrowNC
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 2024 or the taxable year beginning in 2024? 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. ...............................
10
 
No
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 arrowN/A
14
The books are in care ofright arrowJENNIFER ELAM Telephone no.right arrow (910) 252-8858

Located atright arrowPO BOX 58329FAYETTEVILLENC ZIP+4right arrow28305
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 2024, 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 (2024)
Form 990-PF (2024)
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 2024? .............
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 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
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 2024 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 2024.) .....................
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 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
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
ANGELA ASHWORTH VICE-PRESIDENT / SECRETARY
25.00
81,100 0 0
85 TRACEWAY NORTH
SANFORD,NC27332
PAUL ELAM VICE-PRESIDENT / TREASURER
5.00
70,254 0 0
1213 COWPER DR
RALEIGH,NC27608
JENNIFER ELAM PRESIDENT
25.00
90,254 0 0
1213 COWPER DR
RALEIGH,NC27608
CLAIRE SHAW VICE-PRESIDENT
20.00
70,254 0 0
325 N COOL SPRING ST APT 7
FAYETTEVILLE,NC28301
FAISON COVINGTON VICE-PRESIDENT / ASST SECR
5.00
70,254 0 0
3814 SELWYN FARMS LN UNIT 1
CHARLOTTE,NC28209
KENSLEY EDGE VICE-PRESIDENT / PUBLIC RELATIONS
25.00
47,500 0 0
2522 S EDGEWATERDR
FAYETTEVILLE,NC28303
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 (2024)
Form 990-PF (2024)
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  
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  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2024)
Form 990-PF (2024)
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
28,703,159
b
Average of monthly cash balances.......................
1b
440,436
c
Fair market value of all other assets (see instructions)................
1c
1,886,581
d
Total (add lines 1a, b, and c).........................
1d
31,030,176
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
31,030,176
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
465,453
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
30,564,723
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,528,236
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
1,528,236
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
68,003
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
68,003
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,460,233
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
1,460,233
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
1,460,233
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
1,510,154
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
 
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
1,510,154
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus
(b)
Years prior to 2023
(c)
2023
(d)
2024
1 Distributable amount for 2024 from Part X, line 7 1,460,233
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019...... 28,038
b From 2020...... 25,601
c From 2021...... 49,599
d From 2022...... 58,794
e From 2023......  
f Total of lines 3a through e ........ 162,032
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 1,510,154
a Applied to 2023, 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 2024 distributable amount..... 1,460,233
e Remaining amount distributed out of corpus 49,921
5 Excess distributions carryover applied to 2024. 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 5 211,953
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 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions .............
0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 ..........
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 2019 not
applied on line 5 or line 7 (see instructions) ...
28,038
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ......
183,915
10 Analysis of line 9:
a Excess from 2020.... 25,601
b Excess from 2021.... 49,599
c Excess from 2022.... 58,794
d Excess from 2023....  
e Excess from 2024.... 49,921
Form 990-PF (2024)
Form 990-PF (2024)
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 2024, 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) 2024 (b) 2023 (c) 2022 (d) 2021
         
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).)
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 if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
THOMAS ELIZABETH MCLEAN FOUNDATION
PO BOX 58329
FAYETTEVILLE,NC28305
(910) 252-8858
bThe form in which applications should be submitted and information and materials they should include:
WRITTEN REQUEST EXPLAINING PURPOSE, TIME, PERIOD & COST
cAny submission deadlines:
NONE
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
NORTH CAROLINA ORGANIZATIONS OR CHAPTERS OF NATIONAL CHARITIES
Form 990-PF (2024)
Form 990-PF (2024)
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

AMERICAN RED CROSS - SANDHILLS CHAPTER

807 CAROL ST
FAYETTEVILLE,NC28303
    BLOOD SAVING LIVES: FIGHTING CANCER 15,000

CAMP CORRAL

801 N WEST ST
RALEIGH,NC27603
    CUMBERLAND COUNTY CAMPERSHIP FUND 2,500

SANDHILLS FAMILY HERITAGE ASSOCATION

255 VASS RD
SPRING LAKE,NC28390
    CIVIC CENTER RENOVATIONS 2,500

FAYETTEVILLE STATE UNIVERSITY FOUNDATION INC

1200 MURCHISON RD
FAYETTEVILLE,NC28301
    FREE SUMMER SCHOLL PROGRAM 250,000

CAPE FEAR REGIONAL THEATRE

3833 BRAGG BLVD
FAYETTEVILLE,NC28303
    NEW CONSTRUCTION & CONSTRUCTION CAMP 50,000

CHILD ADVOCACY CENTER

222 ROWAN ST
FAYETTEVILLE,NC28301
    HELP, HOPE & HEALING 20,000

COMMUNITY CONCERTS OF FAYETTEVILLE NC

PO BOX 53932
FAYETTEVILLE,NC28305
    UNRESTRICTED/PROMOTIONAL EXPENSES 40,000

CONNECTIONS OF CUMBERLAND COUNTY

119 N COOL SPRING ST
FAYETTEVILLE,NC28301
    DAY RESOURCE CENTER 5,000

COOL SPRING DOWNTOWN DISTRICT INC

222 HAY ST
FAYETTEVILLE,NC28301
    OPERATION DOWNTOWN 40,000

CUMBERLAND CHORAL ARTS

PO BOX 266
FAYETTEVILLE,NC28301
    24-25 CONCERT SEASON 4,000

CUMBERLAND COMMUNITY FOUNDATION

308 GREEN ST
FAYETTEVILLE,NC28301
    GIVING TUESDAY MATCH 50,000

FAYETTEVILLE AREA OPERATION INASMUCH

531 HILLSBORO ST
FAYETTEVILLE,NC28301
    LIVING HOPE RECOVER TEAM PROGRAM 115,000

FAYETTEVILLE SYMPHONY ORCHESTRA

310 GREEN ST SUITE 101
FAYETTEVILLE,NC28301
    EDUCATIONAL/OUTREACH PROGRAMS 10,000

FAYETTEVILLE URBAN MINISTRY INC

701 WHITFIELD ST
FAYETTEVILLE,NC28306
    STRUCTURE MODERNAIZATION 5,000

FTCC FOUNDATION

2201 HULL RD
FAYETTEVILLE,NC28303
    CDL TRUCK DRIVING PROGRAM 100,000

FTCC FOUNDATION

2201 HULL RD
FAYETTEVILLE,NC28303
    NURSING PROGRAM EXPANSION/FACILITY RENOVATION 60,000

NC CIVIL WAR CENTER

824 BRANSON ST
FAYETTEVILLE,NC28305
    NEW CONSTRUCTION 200,000

METHODIST UNIVERSITY

5400 RAMSEY ST
FAYETTEVILLE,NC28311
    IT UPGRADE 250,000

THE ARTS COUNCIL

301 HAY ST
FAYETTEVILLE,NC28301
    ARTSCAPE 50,000
Total .................................right arrow 3a 1,269,000
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2024)
Form 990-PF (2024)
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 ...........
    14 5,334  
4 Dividends and interest from securities ....     14 577,544  
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 .....     15 590,931  
8 Gain or (loss) from sales of assets other than
inventory ............
    18 3,865,060 131,535
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aFEDERAL INCOME TAX REFUND
        2,752
bOKLAHOMA INCOME TAX REFUND         56,662
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 5,038,869 190,949
13Total. Add line 12, columns (b), (d), and (e)..................
13
5,229,818
(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.)
11A FEDERAL INCOME TAX REFUND
11B OKLAHOMA INCOME TAX REFUND
Form 990-PF (2024)
Form 990-PF (2024)
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 Right Arrow
Firm's EIN Right Arrow
Firm's address Right Arrow


Phone no.
Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 AccountingFeesSchedule
Name:
THOMAS R & ELIZABETH E MCLEAN
 
FOUNDATION INC
EIN:
31-1470721
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 9,800 4,900   4,900

TY 2024 InvestmentsCorpStockSchedule
Name:
THOMAS R & ELIZABETH E MCLEAN
 
FOUNDATION INC
EIN:
31-1470721
Name of Stock End of Year Book Value End of Year Fair Market Value
CORPORATE STOCKS - CHARLES SCHWAB ACCT 5597-8244 24,427,245 27,497,413

TY 2024 InvestmentsOtherSchedule2
Name:
THOMAS R & ELIZABETH E MCLEAN
 
FOUNDATION INC
EIN:
31-1470721
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
ACM LIQUIDATING TRUST AT COST 23,654 6,319

TY 2024 LegalFeesSchedule
Name:
THOMAS R & ELIZABETH E MCLEAN
 
FOUNDATION INC
EIN:
31-1470721
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 6,000 3,000   3,000


TY 2024 OtherAssetsSchedule
Name:
THOMAS R & ELIZABETH E MCLEAN
 
FOUNDATION INC
EIN:
31-1470721
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
OIL & GAS INTEREST IN OK, CO, & TX 529,487 529,487 1,772,793


TY 2024 OtherExpensesSchedule
Name:
THOMAS R & ELIZABETH E MCLEAN
 
FOUNDATION INC
EIN:
31-1470721
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
BANK SERVICE CHARGES 333 0   0
DUES & SUBSCRIPTIONS 16,119 8,060   0
OFFICE SUPPLIES 2,695 1,346   1,346
INSURANCE 34,628 17,314   17,314
LAND MAINTENANCE 4,000 2,000   2,000
INVESTMENT FEES 313 313   0


TY 2024 OtherIncomeSchedule2
Name:
THOMAS R & ELIZABETH E MCLEAN
 
FOUNDATION INC
EIN:
31-1470721
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OIL AND GAS ROYALTIES 590,931 590,931 590,931
FEDERAL INCOME TAX REFUND 2,752   2,752
OKLAHOMA INCOME TAX REFUND 56,662   56,662


TY 2024 TaxesSchedule
Name:
THOMAS R & ELIZABETH E MCLEAN
 
FOUNDATION INC
EIN:
31-1470721
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES PAID 3,430 3,430   0
OKLAHOMA WITHHOLDING 23,588 0   0
ROYALTY PRODUCTION TAXES 50,442 0   0
PAYROLL TAXES 16,742 0   0
FEDERAL INCOME TAXES 754 0   0
PROPERTY TAXES 3,332 0   0