MAYS FAMILY FOUNDATION INC: Form 990PF, tax year 2015

View the entire original 990 at ProPublica ↗

Organization: MAYS FAMILY FOUNDATION INC (EIN 35-2002082)
Tax period: 2015-05-01 to 2016-04-30
Filed: 2017-03-15
IRS object ID: 201720749349100212
Schema version: 2015v3.0
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
Form 990-PF
Schedule B
Other Expenses Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2017-03-15T14:25:49-05:00	ReturnTs
Tax Period End	2016-04-30	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	352043580	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	ALERDING CPA GROUP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	4181 E 96TH ST STE 180	AddressLine1Txt
City	INDIANAPOLIS	CityNm
State Abbreviation	IN	StateAbbreviationCd
ZIP	46240	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2015-05-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	352002082	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	MAYS FAMILY FOUNDATION INC	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	MAYS	BusinessNameControlTxt
Phone	3175582051	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 50915	AddressLine1Txt
City	INDIANAPOLIS	CityNm
State Abbreviation	IN	StateAbbreviationCd
ZIP	462500915	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	ROSE M MAYS	PersonNm
Person Title	PRESIDENT	PersonTitleTxt
Phone	3175582051	PhoneNum
Signature	2017-03-15	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	ROBERT K BRINKERS CPA	PreparerPersonNm
PTIN	P00409428	PTIN
Phone	3175694181	PhoneNum
Preparation	2017-03-15	PreparationDt

Field	Value	IRS element (for citing)
Tax	2015	TaxYr
Build TS	2021-01-29 14:40:06Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$8,233	FMVAssetsEOYAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Rcvd Rev And Expnss	$5,050	ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss	$24	InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm	$24	InterestOnSavNetInvstIncmAmt
Total Rev And Expnss	$5,074	TotalRevAndExpnssAmt
Total Net Invst Incm	$24	TotalNetInvstIncmAmt
Other Expenses Rev And Expnss	$1,218	OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss	$1,218	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$0	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$0	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$15,000	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$15,000	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$16,218	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$0	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$15,000	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	-$11,144	ExcessRevenueOverExpensesAmt
Net Investment Income	$24	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Sav And Temp Cash Invst BOY	$19,377	SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY	$8,233	SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV	$8,233	SavAndTempCashInvstEOYFMVAmt
Total Assets BOY	$19,377	TotalAssetsBOYAmt
Total Assets EOY	$8,233	TotalAssetsEOYAmt
Total Assets EOYFMV	$8,233	TotalAssetsEOYFMVAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117	Yes (X)	OrgDoesNotFollowSFAS117Ind
Retained Earning BOY	$19,377	RetainedEarningBOYAmt
Retained Earning EOY	$8,233	RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY	$19,377	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$8,233	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$19,377	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$8,233	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$19,377	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	-$11,144	ExcessRevenueOverExpensesAmt
Subtotal	$8,233	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$8,233	TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

Field	Value	IRS element (for citing)
Liable Section4942 Tax	false	LiableSection4942TaxInd
Adjusted Qlfy Distri Yr1	$12,500	AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1	$18,551	NetVlNoncharitableAssetsYr1Amt
Distribution Yr1	0.673818	DistributionYr1Rt
Adjusted Qlfy Distri Yr2	$2,000	AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2	$10,671	NetVlNoncharitableAssetsYr2Amt
Distribution Yr2	0.187424	DistributionYr2Rt
Adjusted Qlfy Distri Yr3	$11,000	AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3	$22,343	NetVlNoncharitableAssetsYr3Amt
Distribution Yr3	0.492324	DistributionYr3Rt
Net Vl Noncharitable Assets Yr4	$24,753	NetVlNoncharitableAssetsYr4Amt
Net Vl Noncharitable Assets Yr5	$20,005	NetVlNoncharitableAssetsYr5Amt
Total Distribution	1.353566	TotalDistributionRt
Average Distribution	0.270713	AverageDistributionRt
Net Vl Noncharitable Assets	$15,357	NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets	$4,157	AdjNetVlNoncharitableAssetsAmt
Adj Nonchrtbl Net Invst Incm Pct	$4,157	AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions	$15,000	QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Domestic Org Meeting Sect4940e	Yes (X)	DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax	$0	InvestmentIncomeExciseTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	false	LegislativePoliticalActyInd
More Than100 Spent	false	MoreThan100SpentInd
Form1120 POL Filed	false	Form1120POLFiledInd
Activities Not Previously Rpt	false	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc	false	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	Yes (true)	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (true)	AtLeast5000InAssetsInd
Org Report Or Register State	IN	OrgReportOrRegisterStateCd
Private Operating Foundation	false	PrivateOperatingFoundationInd
New Substantial Contributors	false	NewSubstantialContributorsInd
Own Controlled Entity	false	OwnControlledEntityInd
Donor Advised Fund	false	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (true)	ComplyWithPublicInspRqrInd
Website Address	N/A	WebsiteAddressTxt
Individual With Books	DIANE HULL	IndividualWithBooksNm
Phone	3178428722	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	5611 EAST 71ST ST	AddressLine1Txt
City	INDIANAPOLIS	CityNm
State Abbreviation	IN	StateAbbreviationCd
ZIP	46220	ZIPCd

Field	Value	IRS element (for citing)
Foreign Accounts Question	false	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	false	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	false	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	false	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	false	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	false	TransferAstDisqualifiedPrsnInd
Payment To Government Official	false	PaymentToGovernmentOfficialInd
Uncorrected Prior Acts	false	UncorrectedPriorActsInd
Undistributed Income PY	false	UndistributedIncomePYInd
Business Holdings	false	BusinessHoldingsInd
Jeopardy Investments	false	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	false	UncorrectedPYJeopardyInvstInd
Influence Legislation	false	InfluenceLegislationInd
Influence Election	false	InfluenceElectionInd
Grants To Individuals	false	GrantsToIndividualsInd
Grants To Organizations	false	GrantsToOrganizationsInd
Noncharitable Purpose	false	NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt	Employee Benefit ProgramEmployeeBenefitProgramAmt	Expense Account Other AllwncExpenseAccountOtherAllwncAmt
ROSE M MAYS
5611 EAST 71ST ST	INDIANAPOLIS	IN	46220	PRESIDENT	2.00	$0	$0	$0
KRISTIN CORBITT
5611 EAST 71ST ST	INDIANAPOLIS	IN	46220	TREASURER	2.00	$0	$0	$0
HEATHER WOOD
5611 EAST 71ST ST	INDIANAPOLIS	IN	46220	SECRETARY	2.00	$0	$0	$0

Field	Value	IRS element (for citing)
Comp Of Hghst Pd Empl Or NONE	NONE	CompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONE	NONE	CompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Description1	N/A	Description1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$0	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$15,591	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$15,591	TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast	$15,591	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$234	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$15,357	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$768	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$768	MinimumInvestmentReturnAmt
Distributable Before Adj	$768	DistributableBeforeAdjAmt
Distributable Before Ded	$768	DistributableBeforeDedAmt
Distributable As Adjusted	$768	DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$15,000	ExpensesAndContributionsAmt
Qualifying Distributions	$15,000	QualifyingDistributionsAmt
Adjusted Qualifying Distri	$15,000	AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$768	DistributableAsAdjustedAmt
Excess Distribution Cyov Yr3	$7,647	ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2	$1,166	ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1	$11,572	ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov	$20,385	TotalExcessDistributionCyovAmt
Qualifying Distributions	$15,000	QualifyingDistributionsAmt
Applied To Current Year	$768	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$14,232	RemainingDistriFromCorpusAmt
Total Corpus	$34,617	TotalCorpusAmt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr	$34,617	ExcessDistriCyovToNextYrAmt
Excess From Year3	$7,647	ExcessFromYear3Amt
Excess From Year2	$1,166	ExcessFromYear2Amt
Excess From Year1	$11,572	ExcessFromYear1Amt
Excess From Current Year	$14,232	ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

Field	Value	IRS element (for citing)
Recipient Person	CAROLENE R MAYS	RecipientPersonNm

Recipient US Address RecipientUSAddress

Field	Value	IRS element (for citing)
Address Line1	5611 EAST 71ST ST	AddressLine1Txt
City	INDIANAPOLIS	CityNm
State Abbreviation	IN	StateAbbreviationCd
ZIP	46220	ZIPCd

Field	Value	IRS element (for citing)
Recipient Phone	3175582051	RecipientPhoneNum
Form And Info And Materials	REQUESTS FOR GRANTS AND SCHOLARSHIPS ARE TO BE IN WRITING.	FormAndInfoAndMaterialsTxt
Submission Deadlines	N/A	SubmissionDeadlinesTxt
Restrictions On Awards	N/A	RestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	Address Line2RecipientUSAddress/AddressLine2Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt
CENTER FOR LEADERSHIP DEVELP INC
2425 DR MARTIN LUTHER	KING JR STREET	INDIANAPOLIS	IN	462085546	ANNUAL CHARITY DINNER	$2,500
YMCA OF GREATER INDIANAPOLIS
615 N ALABAMA STREET	SUITE 200	INDIANAPOLIS	IN	46204	CAPITAL CAMPAIGN	$10,000
INDIANAPOLIS SYMPHONY ORCHESTRA
32 E WASHINGTON STREET	SUITE 600	INDIANAPOLIS	IN	46204	BLACK HISTORY CONCERT SPONSOR	$2,500

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$15,000	TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$24	ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Exclusion	$24	ExclusionAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$24	TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	false	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	false	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	false	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	false	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	false	ReimbursementArrangementsInd
Loans Or Loan Guarantees	false	LoansOrLoanGuaranteesInd
Performance Of Services Etc	false	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	false	RelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
General Rule	Yes (X)	GeneralRuleInd

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	1	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	THE LINKS INC	BusinessNameLine1Txt

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	3515 WASHINGTON BLVD	AddressLine1Txt
City	INDIANAPOLIS	CityNm
State Abbreviation	IN	StateAbbreviationCd
ZIP	46205	ZIPCd

Field	Value	IRS element (for citing)
Total Contributions	$5,000	TotalContributionsAmt
Person Contribution	Yes (X)	PersonContributionInd

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
EXPENSES
MISCELLANEOUS EXPENSES	$1,218

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