BETA

MAY FAMILY FOUNDATION: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
MAY FAMILY FOUNDATION (EIN 26-4308853)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-08-29
IRS object ID
202402429349100320
Schema version
2023v5.1
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)
Return2024-08-29T13:34:23-05:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Foundation SourceBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line13333 New Hyde Park Rd Ste 406AddressLine1Txt
CityNew Hyde ParkCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11042ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN264308853EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1The May Family FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% Foundation SourceInCareOfNm
Business Name ControlMAYFBusinessNameControlTxt
Phone8008391754PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1Foundation Source 501 Silverside RdAddressLine1Txt
CityWilmingtonCityNm
State AbbreviationDEStateAbbreviationCd
ZIP198091377ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
Personmitchell mayPersonNm
Person TitlepresidentPersonTitleTxt
Phone8008391754PhoneNum
Signature2024-08-26SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJeffrey D HaskellPreparerPersonNm
PTINP01345770PTIN
Phone8008391754PhoneNum
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-08-08 14:25:15ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$238,542FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$0ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$495InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$495InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$5,145DividendsRevAndExpnssAmt
Dividends Net Invst Incm$5,145DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$14,143NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$111,897GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$14,143CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$19,783TotalRevAndExpnssAmt
Total Net Invst Incm$19,783TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Other Prof Fees Rev And Expnss$1,222OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$1,222OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$35TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$7,675OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$7,675OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$8,932TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$1,222TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$7,675TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$75,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$75,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$83,932TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$1,222TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$82,675TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$64,149ExcessRevenueOverExpensesAmt
Net Investment Income$18,561NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$22,594SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$49,065SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$49,065SavAndTempCashInvstEOYFMVAmt
US Government Obligations BOY$95,105USGovernmentObligationsBOYAmt
US Government Obligations EOY$54,494USGovernmentObligationsEOYAmt
US Govt Obligations EOYFMV$50,783USGovtObligationsEOYFMVAmt
Corporate Stock BOY$153,336CorporateStockBOYAmt
Corporate Stock EOY$103,327CorporateStockEOYAmt
Corporate Stock EOYFMV$133,174CorporateStockEOYFMVAmt
Corporate Bonds BOY$6,575CorporateBondsBOYAmt
Corporate Bonds EOY$6,575CorporateBondsEOYAmt
Corporate Bonds EOYFMV$5,520CorporateBondsEOYFMVAmt
Total Assets BOY$277,610TotalAssetsBOYAmt
Total Assets EOY$213,461TotalAssetsEOYAmt
Total Assets EOYFMV$238,542TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$277,610RetainedEarningBOYAmt
Retained Earning EOY$213,461RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$277,610TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$213,461TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$277,610TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$213,461TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$277,610TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$64,149ExcessRevenueOverExpensesAmt
Subtotal$213,461SubtotalAmt
Tot Net Ast Or Fund Balances EOY$213,461TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyPublicly-traded SecuritiesPropertyDesc
Gross Sales Price$111,897GrossSalesPriceAmt
Cost Or Other Basis$97,754CostOrOtherBasisAmt
Gain Or Loss$14,143GainOrLossAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$14,143CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$258InvestmentIncomeExciseTaxAmt
Subtotal$258SubtotalAmt
Tax Based On Investment Income$258TaxBasedOnInvestmentIncomeAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Extsn Request Income Tax Paid$300ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits$300TotalPaymentsAndCreditsAmt
Overpayment$42OverpaymentAmt
Applied To ES Tax$42AppliedToESTaxAmt

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 EtcYes (true)OrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateDEOrgReportOrRegisterStateCd
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

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1Foundation SourceBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8008391754PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1501 Silverside Road Suite 123AddressLine1Txt
CityWilmingtonCityNm
State AbbreviationDEStateAbbreviationCd
ZIP198091377ZIPCd
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
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
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)
PersonMitchell M MayPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1Foundation Source 501 Silverside RdAddressLine1Txt
CityWilmingtonCityNm
State AbbreviationDEStateAbbreviationCd
ZIP198091377ZIPCd
FieldValueIRS element (for citing)
TitlePres, Dir, SecTitleTxt
Average Hrs Per Wk Devoted To Pos1.0AverageHrsPerWkDevotedToPosRt
Compensation$0CompensationAmt
Employee Benefit Program$0EmployeeBenefitProgramAmt
Expense Account Other Allwnc$0ExpenseAccountOtherAllwncAmt
FieldValueIRS element (for citing)
Summary Of Direct Chrtbl ActySummaryOfDirectChrtblActyGrp
Sum Of Program Related InvstSumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$230,555AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$37,599AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$268,154TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$268,154AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$4,022CashDeemedCharitableAmt
Net Vl Noncharitable Assets$264,132NetVlNoncharitableAssetsAmt
Minimum Investment Return$13,207MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$13,207MinimumInvestmentReturnAmt
Tax Based On Investment Income$258TaxBasedOnInvestmentIncomeAmt
Total Tax$258TotalTaxAmt
Distributable Before Adj$12,949DistributableBeforeAdjAmt
Distributable Before Ded$12,949DistributableBeforeDedAmt
Distributable As Adjusted$12,949DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$82,675ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$82,675QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$12,949DistributableAsAdjustedAmt
Prior Year12021PriorYear1Yr
Prior Year22020PriorYear2Yr
Prior Year32019PriorYear3Yr
Excess Distribution Cyov Yr4$5,327ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$66,299ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$89,895ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$2,315ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$163,836TotalExcessDistributionCyovAmt
Qualifying Distributions$82,675QualifyingDistributionsAmt
Applied To Current Year$12,949AppliedToCurrentYearAmt
Remaining Distri From Corpus$69,726RemainingDistriFromCorpusAmt
Total Corpus$233,562TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$233,562ExcessDistriCyovToNextYrAmt
Excess From Year4$5,327ExcessFromYear4Amt
Excess From Year3$66,299ExcessFromYear3Amt
Excess From Year2$89,895ExcessFromYear2Amt
Excess From Year1$2,315ExcessFromYear1Amt
Excess From Current Year$69,726ExcessFromCurrentYearAmt
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerMitchell M MayContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (14 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
ACTIVE MINDS INC
2001 S ST NW STE 700WASHINGTONDC20009N/APCK-12 mental health and education program$10,000
CANYONLANDS FIELD INSTITUTE INC
PO BOX 68MOABUT84532N/APCPublicly offered community health hikes$3,500
EPICENTER
PO BOX 444GREEN RIVERUT84525N/APCemployee wellness fund & commuinity engagement meals/events$4,000
GRAND COUNTY PUBLIC SCHOOL
264 S 400 EASTMOABUT84532N/AGOVGrand Area Mentoring Program & professional development and advanced training program$5,000
LIVING RIVERS
120 ARBOR DRMOABUT84532N/APCLa Sal Mountain Alliance$10,000
MOAB COMMUNITY CHILDCARE
360 W 400 NMOABUT84532N/APCAdministrative fund associated with growing, managing, and operating the Moab Community Childcare$4,500
MOAB FREE HEALTH CLINIC
350 SOUTH MAIN STMOABUT84532N/APCFunds for subsidizing the cost of medical and lab services provided to low-income households$5,000
MOAB VALLEY MULTICULTURAL CENTER
156 N 100 WMOABUT84532N/APCFunds for non-profit operations, client food security, and meidcal care programs$10,000
MOAB VALLEY MULTICULTURAL CENTER
156 N 100 WMOABUT84532N/APCCrisis resource and advocay program & Synergy Health Fund$5,000
NORTH AMERICAN FOLK MUSIC AND DANCE ALLIANCE INC
PO BOX 1082MOABUT84532N/APCThe Education Outreach Program facilitated in partnership with Grand County School District$3,000
SEEKHAVEN INC
PO BOX 729MOABUT84532N/APCFunds for family crisis and domestic violence programs$2,000
SEEKHAVEN INC
PO BOX 729MOABUT84532N/APCFunds for Training, professional development, and wellness of staff and clients$5,000
WABISABI INC
160 E 100 SMOABUT84532N/APCFunds for Wabi Sabi Community Thanksgiving Dinner$5,000
YOUTH GARDEN PROJECT
530 S 400 E STMOABUT84532N/APCFunds for the Moab Grown farm tour, celebration, and workshop events$3,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$75,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

FieldValueIRS element (for citing)
Fees Contracts From Govt AgFeesContractsFromGovtAgGrp
Membership Dues And AssmntMembershipDuesAndAssmntGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$495ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$5,145ExclusionAmt
FieldValueIRS element (for citing)
Net Rntl Incm Re Debt Fincd PropNetRntlIncmReDebtFincdPropGrp
Net Rntl Incm Re Not Debt Fincd PropNetRntlIncmReNotDebtFincdProp
Net Rental Income Personal PropNetRentalIncomePersonalPropGrp
Other Investment IncomeOtherInvestmentIncomeGrp

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$14,143ExclusionAmt
FieldValueIRS element (for citing)
Net Income Loss From Special EvtNetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of InvntryGrossProfitLossSlsOfInvntryGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$19,783ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$19,783TotalIncomeProducingActyAmt

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

Depreciation Schedule DepreciationSchedule

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp

FieldValueIRS element (for citing)
BondSTANFORD HEALTH CARESER - 3.31BondNm
EOY Book Value$6,575EOYBookValueAmt
EOYFMV$5,520EOYFMVAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (9 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
BNY MELLON INTL STOCK FUND$12,094$11,811
GRANDEUR PEAK INTL OPPTY INST$7,269$7,116
ISHARES CORE MSCI EAFE ETF$16,978$18,642
ISHARES MSCI EMERGING MARKETS$7,115$7,644
ISHARES RUSSELL 2000$5,267$7,062
ISHARES S&P 500 INDEX FD$29,470$50,703
ISHARES TR S & P MIDCAP 400 IN$5,087$7,541
MATTHEWS EMERGING MARKETS SUST$5,126$5,484
VANGUARD WORLD FUND ETF MEGA C$14,921$17,171

Investments Govt Obligations Sch InvestmentsGovtObligationsSch

FieldValueIRS element (for citing)
State Local Sec Book Vl EOY$54,494StateLocalSecBookVlEOYAmt
State Local Sec EOYFMV$50,783StateLocalSecEOYFMVAmt

Liquidation Explanation Stmt LiquidationExplanationStmt

FieldValueIRS element (for citing)
ExplanationAs explained below, the Foundation has no plans for dissolution. This statement is submitted to report the distribution of certain assets during the year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions: During the taxable year ending December 31, 2023, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $75,000. This amount represents 25% or more of the Foundation's net assets of $291,486 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2023. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XIV, Line 3a; each such grant was made solely for the charitable purpose specified therein.ExplanationTxt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Administrative Fees$7,650$7,650
State or Local Filing Fees$25$25

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryInvestment Management ServicesCategoryTxt
Amt$1,222Amt
Net Investment Income$1,222NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
Category990-PF Excise Tax for 2022CategoryTxt
Amt$35Amt

Comments

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