MAYS FAMILY FOUNDATION INC: Form 990PF, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
MAYS FAMILY FOUNDATION INC (EIN 35-2002082)
Tax period
2016-05-01 to 2017-04-30
Filed
2018-03-15
IRS object ID
201800749349100205
Schema version
2016v3.1
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)
Return2018-03-15T09:17:54-05:00ReturnTs
Tax Period End2017-04-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN352043580PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1ALERDING CPA GROUPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line14181 E 96TH ST STE 180AddressLine1Txt
CityINDIANAPOLISCityNm
State AbbreviationINStateAbbreviationCd
ZIP46240ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2016-05-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN352002082EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MAYS FAMILY FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlMAYSBusinessNameControlTxt
Phone3175582051PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 50915AddressLine1Txt
CityINDIANAPOLISCityNm
State AbbreviationINStateAbbreviationCd
ZIP462500915ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonROSE M MAYSPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone3175582051PhoneNum
Signature2018-03-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonROBERT K BRINKERS CPAPreparerPersonNm
PTINP00409428PTIN
Phone3175694181PhoneNum
Preparation2018-03-15PreparationDt

Filing Security Information FilingSecurityInformation

FieldValueIRS element (for citing)
At Submission Creation Device Id98C9A480F22CAFD3AC4ABFAD2100EF2E57F572C8AtSubmissionCreationDeviceId
At Submission Filing Device Id2BE2F090A597F632F5D9FB2A443E8FF91C3CC711AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$6,384FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$49,500ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$8InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$8InterestOnSavNetInvstIncmAmt
Total Rev And Expnss$49,508TotalRevAndExpnssAmt
Total Net Invst Incm$8TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$1,825AccountingFeesRevAndExpnssAmt
Other Expenses Rev And Expnss$32OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$1,857TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$49,500ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$49,500ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$51,357TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$49,500TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$1,849ExcessRevenueOverExpensesAmt
Net Investment Income$8NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$8,233SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$6,384SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$6,384SavAndTempCashInvstEOYFMVAmt
Total Assets BOY$8,233TotalAssetsBOYAmt
Total Assets EOY$6,384TotalAssetsEOYAmt
Total Assets EOYFMV$6,384TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$8,233RetainedEarningBOYAmt
Retained Earning EOY$6,384RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$8,233TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$6,384TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$8,233TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$6,384TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$8,233TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$1,849ExcessRevenueOverExpensesAmt
Subtotal$6,384SubtotalAmt
Tot Net Ast Or Fund Balances EOY$6,384TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$15,000AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$15,357NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.976753DistributionYr1Rt
Adjusted Qlfy Distri Yr2$12,500AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$18,551NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.673818DistributionYr2Rt
Adjusted Qlfy Distri Yr3$2,000AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$10,671NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.187424DistributionYr3Rt
Adjusted Qlfy Distri Yr4$11,000AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$22,343NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.492324DistributionYr4Rt
Net Vl Noncharitable Assets Yr5$24,753NetVlNoncharitableAssetsYr5Amt
Total Distribution2.330319TotalDistributionRt
Average Distribution0.466064AverageDistributionRt
Net Vl Noncharitable Assets$7,125NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$3,321AdjNetVlNoncharitableAssetsAmt
Adj Nonchrtbl Net Invst Incm Pct$3,321AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$49,500QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$0InvestmentIncomeExciseTaxAmt

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 StateINOrgReportOrRegisterStateCd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsYes (true)NewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksDIANE HULLIndividualWithBooksNm
Phone3178428722PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line15611 EAST 71ST STAddressLine1Txt
CityINDIANAPOLISCityNm
State AbbreviationINStateAbbreviationCd
ZIP46220ZIPCd
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

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
ROSE M MAYS
5611 EAST 71ST STINDIANAPOLISIN46220PRESIDENT2.00$0$0$0
KRISTIN CORBITT
5611 EAST 71ST STINDIANAPOLISIN46220TREASURER2.00$0$0$0
HEATHER WOOD
5611 EAST 71ST STINDIANAPOLISIN46220SECRETARY2.00$0$0$0
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$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$7,234AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$7,234TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$7,234AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$109CashDeemedCharitableAmt
Net Vl Noncharitable Assets$7,125NetVlNoncharitableAssetsAmt
Minimum Investment Return$356MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$356MinimumInvestmentReturnAmt
Distributable Before Adj$356DistributableBeforeAdjAmt
Distributable Before Ded$356DistributableBeforeDedAmt
Distributable As Adjusted$356DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$49,500ExpensesAndContributionsAmt
Qualifying Distributions$49,500QualifyingDistributionsAmt
Adjusted Qualifying Distri$49,500AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$356DistributableAsAdjustedAmt
Excess Distribution Cyov Yr4$7,647ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$1,166ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$11,572ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$14,232ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$34,617TotalExcessDistributionCyovAmt
Qualifying Distributions$49,500QualifyingDistributionsAmt
Applied To Current Year$356AppliedToCurrentYearAmt
Remaining Distri From Corpus$49,144RemainingDistriFromCorpusAmt
Total Corpus$83,761TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$83,761ExcessDistriCyovToNextYrAmt
Excess From Year4$7,647ExcessFromYear4Amt
Excess From Year3$1,166ExcessFromYear3Amt
Excess From Year2$11,572ExcessFromYear2Amt
Excess From Year1$14,232ExcessFromYear1Amt
Excess From Current Year$49,144ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonCAROLENE R MAYSRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line15611 EAST 71ST STAddressLine1Txt
CityINDIANAPOLISCityNm
State AbbreviationINStateAbbreviationCd
ZIP46220ZIPCd
FieldValueIRS element (for citing)
Recipient Phone3175582051RecipientPhoneNum
Form And Info And MaterialsREQUESTS FOR GRANTS AND SCHOLARSHIPS ARE TO BE IN WRITING.FormAndInfoAndMaterialsTxt
Submission DeadlinesN/ASubmissionDeadlinesTxt
Restrictions On AwardsN/ARestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1INDIANA UNIVERSITY FOUNDATIONBusinessNameLine1Txt

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1301 UNIVERSITY BOULEVARDAddressLine1Txt
Address Line2SUITE 1031AddressLine2Txt
CityINDIANAPOLISCityNm
State AbbreviationINStateAbbreviationCd
ZIP46202ZIPCd
FieldValueIRS element (for citing)
Grant Or Contribution PurposeSCHOLARSHIPGrantOrContributionPurposeTxt
Amt$49,500Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$49,500TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$8ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$8ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$8TotalIncomeProducingActyAmt

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 PersonM AND M ENTERPRISESContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line14611 EAST 71ST STREETAddressLine1Txt
CityINDIANAPOLISCityNm
State AbbreviationINStateAbbreviationCd
ZIP46220ZIPCd
FieldValueIRS element (for citing)
Total Contributions$49,500TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTING FEESCategoryTxt
Amt$1,825Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
EXPENSES
BANK SERVICE FEES$32

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor Detail SubstantialContributorDetail

FieldValueIRS element (for citing)
PersonM AND M ENTERPRISESPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line14611 EAST 71ST STREETAddressLine1Txt
CityINDIANAPOLISCityNm
State AbbreviationINStateAbbreviationCd
ZIP46220ZIPCd

Comments

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