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M V MAYO CHARITABLE FOUNDATION: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
M V MAYO CHARITABLE FOUNDATION (EIN 73-1587573)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-11-14
IRS object ID
202513189349101416
Schema version
2024v5.0
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)
Return2025-11-14T09:47:01-05:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

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 Begin2024-01-01TaxPeriodBeginDt

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
Signature2025-11-02SignatureDt
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
Preparation2025-11-14PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$67,798FMVAssetsEOYAmt
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$9,123InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$9,123InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$9,123InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$178,998DividendsRevAndExpnssAmt
Dividends Net Invst Incm$178,998DividendsNetInvstIncmAmt
Dividends Adj Net Incm$178,998DividendsAdjNetIncmAmt
Other Income Rev And Expnss$1,101,046OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm$9,563OtherIncomeNetInvstIncmAmt
Other Income Adj Net Incm$1,101,046OtherIncomeAdjNetIncmAmt
Total Rev And Expnss$1,289,167TotalRevAndExpnssAmt
Total Net Invst Incm$197,684TotalNetInvstIncmAmt
Total Adj Net Incm$1,289,167TotalAdjNetIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$129,030CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$19,354CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$109,676CompOfcrDirTrstDsbrsChrtblAmt
Pension Empl Bnft Rev And Expnss$16,817PensionEmplBnftRevAndExpnssAmt
Pension Empl Bnft Dsbrs Chrtbl$16,817PensionEmplBnftDsbrsChrtblAmt
Accounting Fees Rev And Expnss$3,510AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$3,510AccountingFeesNetInvstIncmAmt
Other Prof Fees Rev And Expnss$95,385OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$79,595OtherProfFeesNetInvstIncmAmt
Other Prof Fees Dsbrs Chrtbl$15,790OtherProfFeesDsbrsChrtblAmt
Other Expenses Rev And Expnss$591OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$591OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$245,333TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$102,459TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$142,874TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$269,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$269,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$514,333TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$102,459TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$411,874TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$774,834ExcessRevenueOverExpensesAmt
Net Investment Income$95,225NetInvestmentIncomeAmt
Adjusted Net Income$1,289,167AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$52,229CashBOYAmt
Cash EOY$67,798CashEOYAmt
Cash EOYFMV$67,798CashEOYFMVAmt
US Government Obligations BOY$161,590USGovernmentObligationsBOYAmt
US Government Obligations EOY$103,595USGovernmentObligationsEOYAmt
Corporate Stock BOY$5,964,443CorporateStockBOYAmt
Corporate Stock EOY$6,868,994CorporateStockEOYAmt
Other Investments BOY$3,356,647OtherInvestmentsBOYAmt
Other Investments EOY$3,318,656OtherInvestmentsEOYAmt
Other Assets BOY$5,862OtherAssetsBOYAmt
Other Assets EOY$5,862OtherAssetsEOYAmt
Total Assets BOY$9,540,771TotalAssetsBOYAmt
Total Assets EOY$10,364,905TotalAssetsEOYAmt
Total Assets EOYFMV$67,798TotalAssetsEOYFMVAmt
Accounts Payable BOY$6,180AccountsPayableBOYAmt
Accounts Payable EOY$5,480AccountsPayableEOYAmt
Grants Payable EOY$50,000GrantsPayableEOYAmt
Total Liabilities BOY$6,180TotalLiabilitiesBOYAmt
Total Liabilities EOY$55,480TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$9,534,591RetainedEarningBOYAmt
Retained Earning EOY$10,309,425RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$9,534,591TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$10,309,425TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$9,540,771TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$10,364,905TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$9,534,591TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$774,834ExcessRevenueOverExpensesAmt
Subtotal$10,309,425SubtotalAmt
Tot Net Ast Or Fund Balances EOY$10,309,425TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1,324InvestmentIncomeExciseTaxAmt
Subtotal$1,324SubtotalAmt
Tax Based On Investment Income$1,324TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$874EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$874TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$16EsPenaltyAmt
Tax Due$466TaxDueAmt

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$129,030CompensationAmt
Employee Benefit Program$13,768EmployeeBenefitProgramAmt
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$9,994,021AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$77,063AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$10,071,084TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$10,071,084AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$151,066CashDeemedCharitableAmt
Net Vl Noncharitable Assets$9,920,018NetVlNoncharitableAssetsAmt
Minimum Investment Return$496,001MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$496,001MinimumInvestmentReturnAmt
Tax Based On Investment Income$1,324TaxBasedOnInvestmentIncomeAmt
Total Tax$1,324TotalTaxAmt
Distributable Before Adj$494,677DistributableBeforeAdjAmt
Distributable Before Ded$494,677DistributableBeforeDedAmt
Distributable As Adjusted$494,677DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$411,874ExpensesAndContributionsAmt
Qualifying Distributions$411,874QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$494,677DistributableAsAdjustedAmt
Undistributed Income PY$380,948UndistributedIncomePYAmt
Qualifying Distributions$411,874QualifyingDistributionsAmt
Applied To Year1$380,948AppliedToYear1Amt
Applied To Current Year$30,926AppliedToCurrentYearAmt
Undistributed Income CY$463,751UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (10 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtAddress Line2RecipientUSAddress/AddressLine2Txt
WASHINGTON NATIONAL CATHEDRAL
3101 WISCONSIN AVE NWWASHINGTONDC20016GENERAL SUPPORT$25,000
CHRIST CHURCH GEORGETOWN
3116 O ST NWWASHINGTONDC20007GENERAL SUPPORT$113,000
CULVER ACADEMIES
1300 ACADEMY RDCULVERIN46511GENERAL SUPPORT$7,500
THE ORDER OF ST JOHN
1850 M ST NWWASHINGTONDC20035GENERAL SUPPORT$2,000SUITE 1070
BOBBY JONES CSF
29 CREST LOOPSTATEN ISLANDNY10312GENERAL SUPPORT$10,000
DACOR BACON FOUNDATION
1801 F ST NWWASHINGTONDC20006GENERAL SUPPORT$5,000
FUND TO CONSERVE
1801 F ST NW 4TH FLOORWASHINGTONDC20006GENERAL SUPPORT$65,000
MOUNT VERNON LADIES ASSOCIATION
3200 MT VERNON MEMORIAL HMOUNT VERNONVA22121GENERAL SUPPORT$16,000
RACE FUND
221 PINE STREETHARRISBURGPA17101GENERAL SUPPORT$500
SULGRAVE CLUB
1801 MASSACHUSETTS AVE NWWASHINGTONDC20036GENERAL SUPPORT$25,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$269,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$9,123RelatedOrExemptFunctionIncmAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$83,337ExclusionAmt
Related Or Exempt Function Incm$95,661RelatedOrExemptFunctionIncmAmt

Other Investment Income OtherInvestmentIncomeGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$9,563ExclusionAmt

Other Revenue Described OtherRevenueDescribedGrp (3 entries)

DescDescExclusionExclusionCdExclusionExclusionAmt
OTHER INCOME
UNREALIZED CAPITAL LOSS14
UNREALIZED CAPITAL GAIN14$1,091,483

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$1,184,383ExclusionAmt
Related Or Exempt Function Incm$104,784RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$1,289,167TotalIncomeProducingActyAmt

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$3,510Amt
Net Investment Income$3,510NetInvestmentIncomeAmt

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$6,868,994EOYBookValueAmt

Investments Govt Obligations Sch InvestmentsGovtObligationsSch

FieldValueIRS element (for citing)
State Local Sec Book Vl EOY$103,595StateLocalSecBookVlEOYAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (4 entries)

Category Or ItemCategoryOrItemTxtListed At Cost Or FMVListedAtCostOrFMVCdBook ValueBookValueAmt
ETFSFMV$3,291,697
MUTUAL FUNDSFMV
NET UNSETTLED PURCHASES/SALESFMV
CASH/BDP/MMFSFMV$26,959

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$591$591
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$9,563$9,563$9,563
UNREALIZED CAPITAL GAIN$1,091,483$1,091,483

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (3 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
INVESTMENT FEES$79,595$79,595
OUTSIDE CONTRACT SERVICES
CONTRACT SERVICES - OTHER$15,790$15,790

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