MSI YOUTH FOUNDATION INC: Form 990EZ, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- MSI YOUTH FOUNDATION INC (EIN 46-2288786)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-09-19
- IRS object ID
- 202412639349200816
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-09-19T11:45:29-05:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 351178661 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BLUE & CO LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 12800 N MERIDIAN ST STE 400 | AddressLine1Txt |
| City | CARMEL | CityNm |
| State Abbreviation | IN | StateAbbreviationCd |
| ZIP | 46032 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990EZ | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 462288786 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MSI YOUTH FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MSIY | BusinessNameControlTxt |
| Phone | 3178272970 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8759 CASTLE PARK DR | AddressLine1Txt |
| City | INDIANAPOLIS | CityNm |
| State Abbreviation | IN | StateAbbreviationCd |
| ZIP | 46256 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MAX SIEGEL ESQ | PersonNm |
| Person Title | CHAIRMAN | PersonTitleTxt |
| Phone | 3178272970 | PhoneNum |
| Signature | 2024-09-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | CORY SCHUNEMANN CPA | PreparerPersonNm |
| PTIN | P01866583 | PTIN |
| Phone | 3178488920 | PhoneNum |
| Preparation | 2024-09-13 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-08-08 14:25:15Z | BuildTS |
Form 990-EZ IRS990EZ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Website Address | MSIYF.ORG | WebsiteAddressTxt |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Gross Receipts | $196,536 | GrossReceiptsAmt |
| Info In Schedule O Part I | Yes (X) | InfoInScheduleOPartIInd |
| Contributions Gifts Grants Etc | $195,066 | ContributionsGiftsGrantsEtcAmt |
| Investment Income | $1,470 | InvestmentIncomeAmt |
| Total Revenue | $196,536 | TotalRevenueAmt |
| Grants And Similar Amounts Paid | $5,000 | GrantsAndSimilarAmountsPaidAmt |
| Salaries Other Comp Empl Bnft | $9,937 | SalariesOtherCompEmplBnftAmt |
| Fees And Other Pymt To Ind Cntrct | $3,211 | FeesAndOtherPymtToIndCntrctAmt |
| Other Expenses Total | $63,423 | OtherExpensesTotalAmt |
| Total Expenses | $81,571 | TotalExpensesAmt |
| Excess Or Deficit For Year | $114,965 | ExcessOrDeficitForYearAmt |
| Net Assets Or Fund Balances BOY | -$9,426 | NetAssetsOrFundBalancesBOYAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Net Assets Or Fund Balances EOY | $105,539 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part II | Yes (X) | InfoInScheduleOPartIIInd |
Cash Savings And Investments CashSavingsAndInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,081 | BOYAmt |
| EOY | $97,867 | EOYAmt |
Other Assets Total Detail OtherAssetsTotalDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $14,526 | EOYAmt |
Form990 Total Assets Form990TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,081 | BOYAmt |
| EOY | $112,393 | EOYAmt |
Sum Of Total Liabilities SumOfTotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,507 | BOYAmt |
| EOY | $6,854 | EOYAmt |
Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -$9,426 | BOYAmt |
| EOY | $105,539 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Primary Exempt Purpose | THE MAX SIEGEL INC. YOUTH FOUNDATION (MSIYF) STRONGLY BELIEVES IN FOSTERING THE EDUCATIONAL AND SPIRITUAL GROWTH OF FUTURE LEADERS THROUGH INSPIRATION. BY UTILIZING SPORTS AND ENTERTAINMENT PLATFORMS, THE FOUNDATION RELIES ON THE SUCCESSES OF SEASONED INDUSTRY LEADERS TO PROVIDE MENTORING AND GUIDANCE TO YOUTH IN OUR COMMUNITY. THROUGH PROGRAMS THAT INSTILL LEADERSHIP VALUES, TRAIN AND PREPARE YOUTH FOR PRODUCTIVE AND HEALTHY LIFESTYLES AS WELL AS TEACH FINANCIAL RESPONSIBILITY, THE FOUNDATION AIMS TO SUPPORT THE NEXT GENERATION OF ESTEEMED LEADERS. | PrimaryExemptPurposeTxt |
Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Program Srvc Accom | OUR MISSION IS TO REACH AT RISK CHILDREN AND TO PROVIDE THEM HOPE, EMPOWERMENT, AND SHOW THEM THAT REGARDLESS OF THEIR CIRCUMSTANCES, THEY CAN GROW INTO HEALTHY, PRODUCTIVE ADULTS AND HAVE CAREERS IN EXCITING FIELDS. WE DO THIS BY UTILIZING SPORTS AND ENTERTAINMENT PLATFORMS TO EDUCATE THEM, INSTILL LEADERSHIP VALUES, AND TRAIN AND PREPARE THEM FOR SUCCESS. THIS TRAINING IS GEARED TOWARD PRODUCING THE NEXT GENERATION OF SPORTS AND ENTERTAINMENT PROFESSIONALS.ONE OF OUR MOST CELEBRATED WAYS TO DEVELOP SPORTS LEADERS IS THROUGH THE REV RACING MOTOR SPORTS ACADEMY, OUTREACHES IN LOCAL COMMUNITIES HELD BY THOSE WITH THE HIGHEST EXPERTISE WITHIN THE INDUSTRY, TO MENTOR AND EDUCATE STUDENTS. BECAUSE EVERY GREAT LEADER SHOULD HAVE A STRONG FINANCIAL UNDERSTANDING, WE WILL ALSO PROVIDE FINANCIAL LITERACY CLASSES THAT TEACH STUDENTS TO BE FISCALLY RESPONSIBLE. | DescriptionProgramSrvcAccomTxt |
| Grants And Allocations | $5,000 | GrantsAndAllocationsAmt |
| Program Service Expenses | $7,886 | ProgramServiceExpensesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $7,886 | TotalProgramServiceExpensesAmt |
Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (5 entries)
| TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|
| PRENTICE SIEGEL | ||||
| DIRECTOR | 1.00 | $9,937 | $0 | $0 |
| JOHN TERRELL | ||||
| DIRECTOR | 1.00 | $0 | $0 | $0 |
| MAX SEIGEL ESQ | ||||
| CHAIRMAN | 1.00 | $0 | $0 | $0 |
| TRACI LISMON SIEGEL | ||||
| SECRETARY | 1.00 | $0 | $0 | $0 |
| JENNIFER SIEGEL-SATTERFIELD | ||||
| TREASURER | 1.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part V | Yes (X) | InfoInScheduleOPartVInd |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Chg Made To Orgnzng Doc Not Rpt | 0 | ChgMadeToOrgnzngDocNotRptInd |
| Organization Had UBI | 0 | OrganizationHadUBIInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Direct Indirect Pltcl Expend | $0 | DirectIndirectPltclExpendAmt |
| Made Loans To From Officers | Yes (1) | MadeLoansToFromOfficersInd |
| Loans To From Officers | $6,854 | LoansToFromOfficersAmt |
| Tax Imposed Under IRC4911 | $0 | TaxImposedUnderIRC4911Amt |
| Tax Imposed Under IRC4912 | $0 | TaxImposedUnderIRC4912Amt |
| Tax Imposed Under IRC4955 | $0 | TaxImposedUnderIRC4955Amt |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| Tax Imposed On Organization Mgr | $0 | TaxImposedOnOrganizationMgrAmt |
| Tax Reimbursed By Organization | $0 | TaxReimbursedByOrganizationAmt |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| States Where Copy Of Return Is Fld | IN | StatesWhereCopyOfReturnIsFldCd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ALIIGN INC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 12800 N MERIDIAN ST 400 | AddressLine1Txt |
| City | CARMEL | CityNm |
| State Abbreviation | IN | StateAbbreviationCd |
| ZIP | 46032 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3174286865 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Donor Advised Fnds | 0 | DonorAdvisedFndsInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Tanning Services Provided | 0 | TanningServicesProvidedInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| School Operating | 0 | SchoolOperatingInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Part VI Of Comp Of Hghst Pd Empl | NONE | PartVIOfCompOfHghstPdEmplTxt |
| Part VI Hghst Pd Cntrct Prof Srvc | NONE | PartVIHghstPdCntrctProfSrvcTxt |
| Filed Schedule A | Yes (1) | FiledScheduleAInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $47,132 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $37,961 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $168 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year | $195,066 | CurrentTaxYearAmt |
| Total | $280,327 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $47,132 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $37,961 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $168 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year | $195,066 | CurrentTaxYearAmt |
| Total | $280,327 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $49,310 | SubstantialContributorsTotAmt |
| Public Support Total170 | $231,017 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year | $1,470 | CurrentTaxYearAmt |
| Total | $1,470 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $281,797 | TotalSupportAmt |
| Public Support CY170 | 0.81980 | PublicSupportCY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MSI INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship With Org | OWNED BY CHAIRMAN OF THE NON-PROFIT | RelationshipWithOrgTxt |
| Loan Purpose | TO AID IN COVERING OPERATING COST | LoanPurposeTxt |
| Loan From Organization | Yes (X) | LoanFromOrganizationInd |
| Balance Due | $6,854 | BalanceDueAmt |
| Default | 0 | DefaultInd |
| Board Or Committee Approval | 0 | BoardOrCommitteeApprovalInd |
| Written Agreement | 0 | WrittenAgreementInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $6,854 | TotalBalanceDueAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME | DESCRIPTION: INTEREST INCOME. AMOUNT: 1,470. |
| FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID | ACTIVITY CLASSIFICATION: . GRANTEE NAME: HOWARD UNIVERSITY. GRANTEE ADDRESS: 2400 6TH ST. NW WASHINGTON, DC 20059. DATE OF GIFT: 05/19/23. AMOUNT GIVEN: 5,000. |
| FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES | DESCRIPTION: BANK CHARGES. AMOUNT: 130. DESCRIPTION: INSURANCE. AMOUNT: 2,756. DESCRIPTION: ADVERTISING. AMOUNT: 30,000. DESCRIPTION: DEPRECIATION. AMOUNT: 372. DESCRIPTION: EVENT LABOR. AMOUNT: 30,165. TOTAL TO FORM 990-EZ, LINE 16: 63,423. |
| FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS | DESCRIPTION: OTHER DEPRECIABLE ASSETS. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 14,526. |
| FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES | DESCRIPTION: OTHER PAYABLE. BEG. OF YEAR AMOUNT: 13,507. END OF YEAR AMOUNT: 6,854. |
Transfer Prsnl Bnft Contracts Decl TransferPrsnlBnftContractsDecl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Declaration | THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT. | DeclarationDesc |
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