BETA

M V MAYO CHARITABLE FOUNDATION: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
M V MAYO CHARITABLE FOUNDATION (EIN 73-1587573)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-11-14
IRS object ID
202413199349102331
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)
Return2024-11-14T11:20:26-05:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN262200378PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BROOKS HARRISON COMPANY LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line17 CORPORATE CENTER CT BLDG BAddressLine1Txt
CityGREENSBOROCityNm
State AbbreviationNCStateAbbreviationCd
ZIP27408ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN731587573EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MV MAYO CHARITABLE FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlMVMABusinessNameControlTxt
Phone3018403883PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12770 32ND STREET NORTHWESTAddressLine1Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20008ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMARCIA MAYOPersonNm
Person TitleMANAGING DIRECTORPersonTitleTxt
Phone3013554264PhoneNum
Signature2024-11-11SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrfalseIRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonGEOFFREY FENNERPreparerPersonNm
PTINP01214443PTIN
Phone3018403883PhoneNum
Preparation2024-11-14PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$52,229FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$10,601InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$10,601InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$10,601InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$157,340DividendsRevAndExpnssAmt
Dividends Net Invst Incm$157,340DividendsNetInvstIncmAmt
Dividends Adj Net Incm$157,340DividendsAdjNetIncmAmt
Other Income Rev And Expnss$1,373,259OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm$9,263OtherIncomeNetInvstIncmAmt
Other Income Adj Net Incm$1,373,259OtherIncomeAdjNetIncmAmt
Total Rev And Expnss$1,541,200TotalRevAndExpnssAmt
Total Net Invst Incm$177,204TotalNetInvstIncmAmt
Total Adj Net Incm$1,541,200TotalAdjNetIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$100,000CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$15,000CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$85,000CompOfcrDirTrstDsbrsChrtblAmt
Pension Empl Bnft Rev And Expnss$3,776PensionEmplBnftRevAndExpnssAmt
Pension Empl Bnft Dsbrs Chrtbl$3,776PensionEmplBnftDsbrsChrtblAmt
Accounting Fees Rev And Expnss$3,990AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$3,990AccountingFeesNetInvstIncmAmt
Other Prof Fees Rev And Expnss$11,653OtherProfFeesRevAndExpnssAmt
Other Prof Fees Dsbrs Chrtbl$11,653OtherProfFeesDsbrsChrtblAmt
Other Expenses Rev And Expnss$586OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$586OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$120,005TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$18,990TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$101,015TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$186,700ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$186,700ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$306,705TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$18,990TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$287,715TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$1,234,495ExcessRevenueOverExpensesAmt
Net Investment Income$158,214NetInvestmentIncomeAmt
Adjusted Net Income$1,541,200AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$43,284CashBOYAmt
Cash EOY$52,229CashEOYAmt
Cash EOYFMV$52,229CashEOYFMVAmt
US Government Obligations BOY$188,270USGovernmentObligationsBOYAmt
US Government Obligations EOY$161,590USGovernmentObligationsEOYAmt
Corporate Stock BOY$5,556,517CorporateStockBOYAmt
Corporate Stock EOY$5,964,443CorporateStockEOYAmt
Other Investments BOY$2,508,353OtherInvestmentsBOYAmt
Other Investments EOY$3,356,647OtherInvestmentsEOYAmt
Other Assets BOY$5,862OtherAssetsBOYAmt
Other Assets EOY$5,862OtherAssetsEOYAmt
Total Assets BOY$8,302,286TotalAssetsBOYAmt
Total Assets EOY$9,540,771TotalAssetsEOYAmt
Total Assets EOYFMV$52,229TotalAssetsEOYFMVAmt
Accounts Payable BOY$2,190AccountsPayableBOYAmt
Accounts Payable EOY$6,180AccountsPayableEOYAmt
Total Liabilities BOY$2,190TotalLiabilitiesBOYAmt
Total Liabilities EOY$6,180TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$8,300,096RetainedEarningBOYAmt
Retained Earning EOY$9,534,591RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$8,300,096TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$9,534,591TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$8,302,286TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$9,540,771TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$8,300,096TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$1,234,495ExcessRevenueOverExpensesAmt
Subtotal$9,534,591SubtotalAmt
Tot Net Ast Or Fund Balances EOY$9,534,591TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$2,199InvestmentIncomeExciseTaxAmt
Subtotal$2,199SubtotalAmt
Tax Based On Investment Income$2,199TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$3,122EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$3,122TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$49EsPenaltyAmt
Overpayment$874OverpaymentAmt
Applied To ES Tax$874AppliedToESTaxAmt

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
Org Report Or Register StateDCOrgReportOrRegisterStateCd
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
Individual With BooksBROOKS HARRISON COMPANY LLCIndividualWithBooksNm
Phone3018403883PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line17 CORPORATE CENTER COURTAddressLine1Txt
CityGREENSBOROCityNm
State AbbreviationNCStateAbbreviationCd
ZIP27408ZIPCd
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)
PersonMARCIA MAYOPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line12770 32ND ST NWAddressLine1Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20008ZIPCd
FieldValueIRS element (for citing)
TitleMANAGING DIRTitleTxt
Average Hrs Per Wk Devoted To Pos40.00AverageHrsPerWkDevotedToPosRt
Compensation$100,000CompensationAmt
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$8,873,528AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$40,000AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$8,913,528TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$8,913,528AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$133,703CashDeemedCharitableAmt
Net Vl Noncharitable Assets$8,779,825NetVlNoncharitableAssetsAmt
Minimum Investment Return$438,991MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$438,991MinimumInvestmentReturnAmt
Tax Based On Investment Income$2,199TaxBasedOnInvestmentIncomeAmt
Total Tax$2,199TotalTaxAmt
Distributable Before Adj$436,792DistributableBeforeAdjAmt
Distributable Before Ded$436,792DistributableBeforeDedAmt
Distributable As Adjusted$436,792DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$287,715ExpensesAndContributionsAmt
Qualifying Distributions$287,715QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$436,792DistributableAsAdjustedAmt
Undistributed Income PY$231,871UndistributedIncomePYAmt
Qualifying Distributions$287,715QualifyingDistributionsAmt
Applied To Year1$231,871AppliedToYear1Amt
Applied To Current Year$55,844AppliedToCurrentYearAmt
Undistributed Income CY$380,948UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (14 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtAddress Line2RecipientUSAddress/AddressLine2Txt
WASHINGTON NATIONAL CATHEDRAL
3101 WISCONSIN AVE NWWASHINGTONDC20016GENERAL SUPPORT$30,000
CHRIST CHURCH GEORGETOWN
3116 O ST NWWASHINGTONDC20007GENERAL SUPPORT$15,000
CULVER ACADEMIES
1300 ACADEMY RDCULVERIN46511GENERAL SUPPORT$5,000
THE ORDER OF ST JOHN
1850 M ST NWWASHINGTONDC20035GENERAL SUPPORT$4,200SUITE 1070
BOBBY JONES CSF
29 CREST LOOPSTATEN ISLANDNY10312GENERAL SUPPORT$10,000
WASHINGTON WINTER SHOW
29 GRANT CIRCLE NWWASHINGTONDC20011GENERAL SUPPORT$10,000
DACOR BACON FOUNDATION
1801 F ST NWWASHINGTONDC20006GENERAL SUPPORT$5,000
FUND TO CONSERVE
1801 F ST NW 4TH FLOORWASHINGTONDC20006GENERAL SUPPORT$90,000
DC JAZZ FESTIVAL
1101 SIXTH ST SWWASHINGTONDC20024GENERAL SUPPORT$3,500
FUND FOR THE ENDOW OF DRR
1747 PENNSYLVANIA AVE NWWASHINGTONDC20006GENERAL SUPPORT$1,500NUMBER 100
GILCREASE MUSEUM
1400 N GILCREASE MUSEUM RTULSAOK74127GENERAL SUPPORT$5,000
JERUSALEM PEACEBUILDERS
6221 MAIN STHOUSTONTX77030GENERAL SUPPORT$2,500
IGLESIA DE LA SAGRADA FAMILIA
2989 EASY STDUNNNC28334GENERAL SUPPORT$1,500
MOUNT VERNON LADIES ASSOCIATION
3200 MT VERNON MEMORIAL HMOUNT VERNONVA22121GENERAL SUPPORT$3,500
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$186,700TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$10,601RelatedOrExemptFunctionIncmAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$68,763ExclusionAmt
Related Or Exempt Function Incm$88,577RelatedOrExemptFunctionIncmAmt

Other Investment Income OtherInvestmentIncomeGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$9,263ExclusionAmt

Other Revenue Described OtherRevenueDescribedGrp (3 entries)

DescDescExclusionExclusionCdExclusionExclusionAmt
OTHER INCOME
UNREALIZED CAPITAL LOSS14
UNREALIZED CAPITAL GAIN14$1,363,996

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$1,442,022ExclusionAmt
Related Or Exempt Function Incm$99,178RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$1,541,200TotalIncomeProducingActyAmt

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

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryINDIRECT ACCOUNTING FEESCategoryTxt
Amt$3,990Amt
Net Investment Income$3,990NetInvestmentIncomeAmt

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp (2 entries)

BondBondNm
CORPORATE BONDS
CORPORATE FIXED INCOME

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockSTOCK 002StockNm
EOY Book Value$5,964,443EOYBookValueAmt

Investments Govt Obligations Sch InvestmentsGovtObligationsSch

FieldValueIRS element (for citing)
State Local Sec Book Vl EOY$161,590StateLocalSecBookVlEOYAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (4 entries)

Category Or ItemCategoryOrItemTxtListed At Cost Or FMVListedAtCostOrFMVCdBook ValueBookValueAmt
ETFSFMV$3,145,539
MUTUAL FUNDSFMV$155,636
NET UNSETTLED PURCHASES/SALESFMV
CASH/BDP/MMFSFMV$55,472

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescOTHER ASSETSDesc
BOY Book Value$5,862BOYBookValueAmt
EOY Book Value$5,862EOYBookValueAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (9 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
EXPENSES
SUPPLIES
OTHER$586$586
TELEPHONE, TELECOMMUNICATIONS
DC TREASURER
EXPENSE REIMBURSEMENT
TRAVEL
EVENT EXPENSES
LIABILITY INSURANCE

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmt
PARTNERSHIP DISTRIBUTIONS$9,263$9,263$9,263
UNREALIZED CAPITAL GAIN$1,363,996$1,363,996

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (3 entries)

CategoryCategoryTxtAmtAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
INVESTMENT FEES$11,653$11,653
OUTSIDE CONTRACT SERVICES
CONTRACT SERVICES - OTHER

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