MRW FOUNDATION INC: Form 990PF, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
MRW FOUNDATION INC (EIN 20-1188311)
Tax period
2015-01-01 to 2015-12-31
Filed
2016-05-05
IRS object ID
201631269349100828
Schema version
2015v2.1
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)
Return2016-05-05T14:28:51-05:00ReturnTs
Tax Period End2015-12-31TaxPeriodEndDt

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 Line1200 GOLDEN OAK CT STE 200AddressLine1Txt
CityVIRGINIA BEACHCityNm
State AbbreviationVAStateAbbreviationCd
ZIP23452ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2015-01-01TaxPeriodBeginDt

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
Signature2016-04-02SignatureDt

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDAVID J DESROCHES CPAPreparerPersonNm
PTINP00741251PTIN
Phone7574983000PhoneNum
Preparation2016-04-02PreparationDt
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2016-09-27 15:27:22ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,342FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$63,187ContriRcvdRevAndExpnssAmt
Total Rev And Expnss$63,187TotalRevAndExpnssAmt
Total Net Invst Incm$0TotalNetInvstIncmAmt
Legal Fees Rev And Expnss$420LegalFeesRevAndExpnssAmt
Accounting Fees Rev And Expnss$600AccountingFeesRevAndExpnssAmt
Other Expenses Rev And Expnss$45OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$1,065TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$56,867ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$56,867ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$57,932TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$56,867TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$5,255ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$676CashBOYAmt
Cash EOY$1,342CashEOYAmt
Cash EOYFMV$1,342CashEOYFMVAmt
Total Assets BOY$676TotalAssetsBOYAmt
Total Assets EOY$1,342TotalAssetsEOYAmt
Total Assets EOYFMV$1,342TotalAssetsEOYFMVAmt
Deferred Revenue BOY$10,287DeferredRevenueBOYAmt
Deferred Revenue EOY$5,698DeferredRevenueEOYAmt
Total Liabilities BOY$10,287TotalLiabilitiesBOYAmt
Total Liabilities EOY$5,698TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY-$9,611RetainedEarningBOYAmt
Retained Earning EOY-$4,356RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY-$9,611TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY-$4,356TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$676TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,342TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY-$9,611TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$5,255ExcessRevenueOverExpensesAmt
Subtotal-$4,356SubtotalAmt
Tot Net Ast Or Fund Balances EOY-$4,356TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$85,847AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$9,315NetVlNoncharitableAssetsYr1Amt
Distribution Yr19.215996DistributionYr1Rt
Adjusted Qlfy Distri Yr2$29,154AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$20,423NetVlNoncharitableAssetsYr2Amt
Distribution Yr21.427508DistributionYr2Rt
Adjusted Qlfy Distri Yr3$44,019AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$47,844NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.920053DistributionYr3Rt
Adjusted Qlfy Distri Yr4$11,787AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$78,358NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.150425DistributionYr4Rt
Adjusted Qlfy Distri Yr5$28,790AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$86,775NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.331778DistributionYr5Rt
Total Distribution12.045760TotalDistributionRt
Average Distribution2.409152AverageDistributionRt
Net Vl Noncharitable Assets$3,194NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$7,695AdjNetVlNoncharitableAssetsAmt
Adj Nonchrtbl Net Invst Incm Pct$7,695AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$56,867QualifyingDistributionsAmt

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
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

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 Pos1.00AverageHrsPerWkDevotedToPosRt
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$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$3,243AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$3,243TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$3,243AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$49CashDeemedCharitableAmt
Net Vl Noncharitable Assets$3,194NetVlNoncharitableAssetsAmt
Minimum Investment Return$160MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$160MinimumInvestmentReturnAmt
Distributable Before Adj$160DistributableBeforeAdjAmt
Distributable Before Ded$160DistributableBeforeDedAmt
Distributable As Adjusted$160DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$56,867ExpensesAndContributionsAmt
Qualifying Distributions$56,867QualifyingDistributionsAmt
Adjusted Qualifying Distri$56,867AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$160DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$4,335ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$7,871ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$41,627ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$28,133ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$85,381ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$167,347TotalExcessDistributionCyovAmt
Qualifying Distributions$56,867QualifyingDistributionsAmt
Applied To Current Year$160AppliedToCurrentYearAmt
Remaining Distri From Corpus$56,707RemainingDistriFromCorpusAmt
Total Corpus$224,054TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$4,335ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$219,719ExcessDistriCyovToNextYrAmt
Excess From Year4$7,871ExcessFromYear4Amt
Excess From Year3$41,627ExcessFromYear3Amt
Excess From Year2$28,133ExcessFromYear2Amt
Excess From Year1$85,381ExcessFromYear1Amt
Excess From Current Year$56,707ExcessFromCurrentYearAmt

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 PurposeGrantOrContributionPurposeTxtAmtAmt
JOANNA M GERACE
2545 WEST LANDING ROADVIRGINIA BEACHVA23456OTHER$150
ATLANTIC SHORES CHRISTIAN SCHOOL
1217 N CENTERVILLE TRNPKCHESAPEAKEVA23320RELIGIOUS$4,920
CHARLOTTE BALLET
701 N TYSON STCHARLOTTENC28202OTHER$250
COMPASSION INTERNATIONAL
12290 VOYAGER PARKWAYCOLORADO SPRINGSCO80997AID TO THE POOR$2,400
CRISIS PREGNANCY CTR OF TIDEWATER
1021 EDEN WAY N STE 116CHESAPEAKEVA23320OTHER$14,425
FAITH FIRST EDUCATIONAL ASSISTANCE
7035 KEY LIME CTDOVERDE19901RELIGIOUS$2,850
FIRST BAPTIST CHURCH OF NORFOLK
312 KEMPSVILLE RDNORFOLKVA23502OTHER$300
NATIONAL MS SOCIETY
508 COUNTRY CLUB COURTCHESAPEAKEVA23322MEDICAL RESEARCH$250
RECOVERY FOR LIFE
3419 VIRGINIA BEACH BLVDVIRGINIA BEACHVA23452OTHER$2,400
SOUTHEASTERN VA FOODBANK
800 TIDEWATER DRIVENORFOLKVA23501AID TO THE POOR$750
ST JUDES CHILDREN'S RESEARCH HOSP
501 ST JUDE PLACEMEMPHISTN381051942MEDICAL RESEARCH$6,500
UNION MISSION MINISTRIES
PO BOX 3203NORFOLKVA235143203AID TO THE POOR$4,800
WORLD VISION
PO BOX 70102TACOMAWA984810102AID TO THE POOR$13,872
WOUNDED WARRIORS PROJECT
PO BOX 758541TOPEKAKS666758541OTHER$3,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$56,867TotalGrantOrContriPdDurYrAmt

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 Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1ETHIX CORPORATIONBusinessNameLine1Txt

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line11019 EDEN WAYAddressLine1Txt
CityCHESAPEAKECityNm
State AbbreviationVAStateAbbreviationCd
ZIP23320ZIPCd
FieldValueIRS element (for citing)
Total Contributions$63,187TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryINDIRECT ACCOUNTING FEESCategoryTxt
Amt$600Amt

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryINDIRECT LEGAL FEESCategoryTxt
Legal Fees$420LegalFeesAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
EXPENSES
BANK CHARGES$20
LICENSES$25

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