MRW FOUNDATION INC: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
MRW FOUNDATION INC (EIN 20-1188311)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-05-15
IRS object ID
202341359349102014
Schema version
2022v5.0
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)
Return2023-05-15T10:29:06-04:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

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 ROAD STE 400AddressLine1Txt
CityVIRGINIA BEACHCityNm
State AbbreviationVAStateAbbreviationCd
ZIP23452ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2022-01-01TaxPeriodBeginDt

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
Signature2023-05-12SignatureDt
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
Preparation2023-05-12PreparationDt
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$325,389FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$285,500ContriRcvdRevAndExpnssAmt
Dividends Rev And Expnss$4,172DividendsRevAndExpnssAmt
Dividends Net Invst Incm$4,172DividendsNetInvstIncmAmt
Dividends Adj Net Incm$4,172DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss-$12,522NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$61,592GrossSalesPriceAmt
Total Rev And Expnss$277,150TotalRevAndExpnssAmt
Total Net Invst Incm$4,172TotalNetInvstIncmAmt
Total Adj Net Incm$4,172TotalAdjNetIncmAmt
Legal Fees Rev And Expnss$210LegalFeesRevAndExpnssAmt
Accounting Fees Rev And Expnss$1,490AccountingFeesRevAndExpnssAmt
Other Prof Fees Rev And Expnss$2,745OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$2,745OtherProfFeesNetInvstIncmAmt
Other Prof Fees Adj Net Incm$2,745OtherProfFeesAdjNetIncmAmt
Taxes Rev And Expnss$38TaxesRevAndExpnssAmt
Trav Conf Meeting Rev And Expnss$5,591TravConfMeetingRevAndExpnssAmt
Other Expenses Rev And Expnss$7,709OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$17,783TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$2,745TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$2,745TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$150,439ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$150,439ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$168,222TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$2,745TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$2,745TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$150,439TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$108,928ExcessRevenueOverExpensesAmt
Net Investment Income$1,427NetInvestmentIncomeAmt
Adjusted Net Income$1,427AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$1,383CashBOYAmt
Cash EOY$15,680CashEOYAmt
Cash EOYFMV$15,680CashEOYFMVAmt
Sav And Temp Cash Invst BOY$6,508SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$6,743SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$6,743SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$244,432CorporateStockBOYAmt
Corporate Stock EOY$333,104CorporateStockEOYAmt
Corporate Stock EOYFMV$302,966CorporateStockEOYFMVAmt
Total Assets BOY$252,323TotalAssetsBOYAmt
Total Assets EOY$355,527TotalAssetsEOYAmt
Total Assets EOYFMV$325,389TotalAssetsEOYFMVAmt
Other Liabilities BOY$5,724OtherLiabilitiesBOYAmt
Total Liabilities BOY$5,724TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$246,599RetainedEarningBOYAmt
Retained Earning EOY$355,527RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$246,599TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$355,527TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$252,323TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$355,527TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$246,599TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$108,928ExcessRevenueOverExpensesAmt
Subtotal$355,527SubtotalAmt
Tot Net Ast Or Fund Balances EOY$355,527TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$20InvestmentIncomeExciseTaxAmt
Subtotal$20SubtotalAmt
Tax Based On Investment Income$20TaxBasedOnInvestmentIncomeAmt
Tax Due$20TaxDueAmt

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$259,274AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$10,943AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$270,217TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$270,217AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$4,053CashDeemedCharitableAmt
Net Vl Noncharitable Assets$266,164NetVlNoncharitableAssetsAmt
Minimum Investment Return$13,308MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$13,308MinimumInvestmentReturnAmt
Tax Based On Investment Income$20TaxBasedOnInvestmentIncomeAmt
Total Tax$20TotalTaxAmt
Distributable Before Adj$13,288DistributableBeforeAdjAmt
Distributable Before Ded$13,288DistributableBeforeDedAmt
Distributable As Adjusted$13,288DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$150,439ExpensesAndContributionsAmt
Qualifying Distributions$150,439QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$13,288DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$7,465ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr3$14,879ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$273,458ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$346,192ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$641,994TotalExcessDistributionCyovAmt
Qualifying Distributions$150,439QualifyingDistributionsAmt
Applied To Current Year$13,288AppliedToCurrentYearAmt
Remaining Distri From Corpus$137,151RemainingDistriFromCorpusAmt
Total Corpus$779,145TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$7,465ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$771,680ExcessDistriCyovToNextYrAmt
Excess From Year3$14,879ExcessFromYear3Amt
Excess From Year2$273,458ExcessFromYear2Amt
Excess From Year1$346,192ExcessFromYear1Amt
Excess From Current Year$137,151ExcessFromCurrentYearAmt

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 PurposeGrantOrContributionPurposeTxtAmtAmt
WORLD VISION
PO BOX 70102TACOMAWA98481AID TO THE POOR$140,000
RECOVERY FOR LIFE
3419 VIRGINIA BEACH BLVDVIRGINIA BEACHVA23452AID TO THE ADDICTION$9,439
GIRLS ON THE RUN
5817 WESLEYAN DRIVEVIRGINIA BEACHVA23505CHILDREN$1,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$150,439TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$4,172RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm-$12,522RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm-$8,350RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty-$8,350TotalIncomeProducingActyAmt

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

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonGERALD P ROGERSContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1304 TREY LANEAddressLine1Txt
CityCHESAPEAKECityNm
State AbbreviationVAStateAbbreviationCd
ZIP23322ZIPCd
FieldValueIRS element (for citing)
Total Contributions$280,500TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryINDIRECT ACCOUNTING FEESCategoryTxt
Amt$1,490Amt

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (2 entries)

AssetAssetDescHow AcquiredHowAcquiredTxtGross Sales PriceGrossSalesPriceAmtBasisBasisAmtTotal NetTotalNetAmt
SEE ATT STMT (UBS 5494)PURCHASE$52,136$63,814-$11,678
SEE ATT STMT (UBS 5494)PURCHASE$9,456$10,300-$844

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockVARIOUS MARKETABLE EQUITY SECURITIESStockNm
EOY Book Value$333,104EOYBookValueAmt
EOYFMV$302,966EOYFMVAmt

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$7,096
OFFICE SUPPLIES$613

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

FieldValueIRS element (for citing)
DescDUE TO ETHIX CORPORATIONDesc
BOY Book Value$5,724BOYBookValueAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryINDIRECT OTHER PROFESSIONAL FEESCategoryTxt
Amt$2,745Amt
Net Investment Income$2,745NetInvestmentIncomeAmt
Adjusted Net Income$2,745AdjustedNetIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryINDIRECT TAXES/LICENSESCategoryTxt
Amt$38Amt

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