MRW FOUNDATION INC: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
MRW FOUNDATION INC (EIN 20-1188311)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-05-16
IRS object ID
202421379349100822
Schema version
2023v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-05-16T10:01:43-04:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN541481083PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1DESROCHES & COMPANY CPAS PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line12901 S LYNNHAVEN RD STE 400AddressLine1Txt
CityVIRGINIA BEACHCityNm
State AbbreviationVAStateAbbreviationCd
ZIP23452ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN201188311EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MRW FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlMRWFBusinessNameControlTxt
Phone7574362200PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11019 EDEN WAY NORTHAddressLine1Txt
CityCHESAPEAKECityNm
State AbbreviationVAStateAbbreviationCd
ZIP23320ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonGERALD P ROGERSPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone7574362200PhoneNum
Signature2024-05-16SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstGERALDPersonFirstNm
Person LastROGERSPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDAVID J DESROCHES CPAPreparerPersonNm
PTINP00741251PTIN
Phone7574983000PhoneNum
Preparation2024-05-16PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$445,015FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$208,300ContriRcvdRevAndExpnssAmt
Dividends Rev And Expnss$5,450DividendsRevAndExpnssAmt
Dividends Net Invst Incm$5,450DividendsNetInvstIncmAmt
Dividends Adj Net Incm$5,450DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss-$6,348NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$66,789GrossSalesPriceAmt
Total Rev And Expnss$207,402TotalRevAndExpnssAmt
Total Net Invst Incm$5,450TotalNetInvstIncmAmt
Total Adj Net Incm$5,450TotalAdjNetIncmAmt
Legal Fees Rev And Expnss$210LegalFeesRevAndExpnssAmt
Accounting Fees Rev And Expnss$1,500AccountingFeesRevAndExpnssAmt
Other Prof Fees Rev And Expnss$3,722OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$3,722OtherProfFeesNetInvstIncmAmt
Other Prof Fees Adj Net Incm$3,722OtherProfFeesAdjNetIncmAmt
Taxes Rev And Expnss$45TaxesRevAndExpnssAmt
Trav Conf Meeting Rev And Expnss$22,765TravConfMeetingRevAndExpnssAmt
Other Expenses Rev And Expnss$2,340OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$30,582TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$3,722TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$3,722TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$133,639ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$133,639ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$164,221TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$3,722TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$3,722TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$133,639TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$43,181ExcessRevenueOverExpensesAmt
Net Investment Income$1,728NetInvestmentIncomeAmt
Adjusted Net Income$1,728AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$15,680CashBOYAmt
Cash EOY$67,044CashEOYAmt
Cash EOYFMV$67,044CashEOYFMVAmt
Sav And Temp Cash Invst BOY$6,743SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$4,506SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$4,506SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$333,104CorporateStockBOYAmt
Corporate Stock EOY$330,720CorporateStockEOYAmt
Corporate Stock EOYFMV$373,465CorporateStockEOYFMVAmt
Total Assets BOY$355,527TotalAssetsBOYAmt
Total Assets EOY$402,270TotalAssetsEOYAmt
Total Assets EOYFMV$445,015TotalAssetsEOYFMVAmt
Other Liabilities EOY$3,562OtherLiabilitiesEOYAmt
Total Liabilities EOY$3,562TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$355,527RetainedEarningBOYAmt
Retained Earning EOY$398,708RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$355,527TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$398,708TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$355,527TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$402,270TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$355,527TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$43,181ExcessRevenueOverExpensesAmt
Subtotal$398,708SubtotalAmt
Tot Net Ast Or Fund Balances EOY$398,708TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$24InvestmentIncomeExciseTaxAmt
Subtotal$24SubtotalAmt
Tax Based On Investment Income$24TaxBasedOnInvestmentIncomeAmt
Extsn Request Income Tax Paid$24ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits$24TotalPaymentsAndCreditsAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1MRW FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone7574362200PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line11019 EDEN WAY NORTHAddressLine1Txt
CityCHESAPEAKECityNm
State AbbreviationVAStateAbbreviationCd
ZIP23320ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonGERALD P ROGERSPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11019 EDEN WAY NORTHAddressLine1Txt
CityCHESAPEAKECityNm
State AbbreviationVAStateAbbreviationCd
ZIP23320ZIPCd
FieldValueIRS element (for citing)
TitlePRESIDENTTitleTxt
Average Hrs Per Wk Devoted To Pos2.00AverageHrsPerWkDevotedToPosRt
Compensation$0CompensationAmt
Employee Benefit Program$0EmployeeBenefitProgramAmt
Expense Account Other Allwnc$0ExpenseAccountOtherAllwncAmt
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$350,940AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$17,093AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$368,033TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$368,033AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$5,520CashDeemedCharitableAmt
Net Vl Noncharitable Assets$362,513NetVlNoncharitableAssetsAmt
Minimum Investment Return$18,126MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$18,126MinimumInvestmentReturnAmt
Tax Based On Investment Income$24TaxBasedOnInvestmentIncomeAmt
Total Tax$24TotalTaxAmt
Distributable Before Adj$18,102DistributableBeforeAdjAmt
Distributable Before Ded$18,102DistributableBeforeDedAmt
Distributable As Adjusted$18,102DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$133,639ExpensesAndContributionsAmt
Qualifying Distributions$133,639QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$18,102DistributableAsAdjustedAmt
Excess Distribution Cyov Yr4$14,879ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$273,458ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$346,192ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$137,151ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$771,680TotalExcessDistributionCyovAmt
Qualifying Distributions$133,639QualifyingDistributionsAmt
Applied To Current Year$18,102AppliedToCurrentYearAmt
Remaining Distri From Corpus$115,537RemainingDistriFromCorpusAmt
Total Corpus$887,217TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$887,217ExcessDistriCyovToNextYrAmt
Excess From Year4$14,879ExcessFromYear4Amt
Excess From Year3$273,458ExcessFromYear3Amt
Excess From Year2$346,192ExcessFromYear2Amt
Excess From Year1$137,151ExcessFromYear1Amt
Excess From Current Year$115,537ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtAddress Line2RecipientUSAddress/AddressLine2Txt
WORLD VISION
PO BOX 70102TACOMAWA98481AID TO THE POOR$127,800
EDMARC
516 LONDON STREETPORTSMOUTHVA23704MEDICAL RESEARCH$2,500
AMERICAN CANCER SOCIETY
270 PEACHTREE ST NWATLANTAGA30303MEDICAL RESEARCH$3,339SUITE 1300
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$133,639TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$5,450RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm-$6,348RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm-$898RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty-$898TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp (2 entries)

ContributorContributorNumAddress Line1ContributorUSAddress/AddressLine1TxtCityContributorUSAddress/CityNmState AbbreviationContributorUSAddress/StateAbbreviationCdZIPContributorUSAddress/ZIPCdTotal ContributionsTotalContributionsAmtPerson ContributionPersonContributionInd
ETHIX CORPORATION
11019 EDEN WAYCHESAPEAKEVA23320$25,000Yes (X)
GERALD P ROGERS
2304 TREY LANECHESAPEAKEVA23322$182,800Yes (X)

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryINDIRECT ACCOUNTING FEESCategoryTxt
Amt$1,500Amt

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (3 entries)

AssetAssetDescHow AcquiredHowAcquiredTxtGross Sales PriceGrossSalesPriceAmtBasisBasisAmtTotal NetTotalNetAmt
SEE ATT STMT (UBS 5494)PURCHASE$10,704$12,146-$1,442
SEE ATT STMT (UBS 5494)PURCHASE$56,085$60,991-$4,906
PURCHASE

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockVARIOUS MARKETABLE EQUITY SECURITIESStockNm
EOY Book Value$330,720EOYBookValueAmt
EOYFMV$373,465EOYFMVAmt

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryINDIRECT LEGAL FEESCategoryTxt
Legal Fees$210LegalFeesAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
EXPENSES
OUTSIDE SERVICES$2,288
OFFICE SUPPLIES$52

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

FieldValueIRS element (for citing)
DescDUE TO ETHIX CORPORATIONDesc
EOY Book Value$3,562EOYBookValueAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryINDIRECT OTHER PROFESSIONAL FEESCategoryTxt
Amt$3,722Amt
Net Investment Income$3,722NetInvestmentIncomeAmt
Adjusted Net Income$3,722AdjustedNetIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryINDIRECT TAXES/LICENSESCategoryTxt
Amt$45Amt

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.