MAY FOUNDATION: Form 990PF, tax year 2013
View the entire original 990 at ProPublica ↗
- Organization
- MAY FOUNDATION (EIN 11-3243700)
- Tax period
- 2013-12-01 to 2014-11-30
- Filed
- 2015-10-15
- IRS object ID
- 201522889349100802
- Schema version
- 2013v4.0
- 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
- Compensation Explanation
- Gain Loss Sale Other Assets Sch
- Investments Corp Stock Schedule
- Other Expenses Schedule
- Other Income Schedule2
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2015-10-15T16:55:09-05:00 | ReturnTs |
| Tax Period End | 2014-11-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BARKAN & GOLDBERG LLP | BusinessNameLine1 |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 60 EAST 42ND STREET | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10165 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2013-12-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 113243700 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE MAY FOUNDATION TRUST | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MAYF | BusinessNameControlTxt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | C/O BARKAN 60 EAST 42ND STREET | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10165 | ZIPCode |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | COLLEEN MAY | PersonNm |
| Person Title | TRUSTEE | PersonTitleTxt |
| Signature | 2015-10-15 | SignatureDt |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparation | 2015-10-15 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2013 | TaxYr |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $249,422 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $14 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $14 | InterestOnSavNetInvstIncmAmt |
| Interest On Savings Adj Net Incm | $14 | InterestOnSavingsAdjNetIncmAmt |
| Dividends Rev And Expnss | $8,589 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $8,589 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $8,589 | DividendsAdjNetIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $34,555 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $77,748 | GrossSalesPriceAmt |
| Other Income Rev And Expnss | $544 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $21 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $544 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $43,702 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $8,624 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $9,147 | TotalAdjNetIncmAmt |
| Other Expenses Rev And Expnss | $476 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $476 | OtherExpensesNetInvstIncmAmt |
| Tot Opr Expenses Rev And Expnss | $476 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $476 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $15,150 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $15,150 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $15,626 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $476 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $15,150 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $28,076 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $8,148 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $9,147 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $25,806 | CashBOYAmt |
| Cash EOY | $53,882 | CashEOYAmt |
| Cash EOYFMV | $53,882 | CashEOYFMVAmt |
| Corporate Stock BOY | $195,540 | CorporateStockBOYAmt |
| Corporate Stock EOY | $195,540 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $195,540 | CorporateStockEOYFMVAmt |
| Total Assets BOY | $221,346 | TotalAssetsBOYAmt |
| Total Assets EOY | $249,422 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $249,422 | TotalAssetsEOYFMVAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
| Unrestricted BOY | $221,346 | UnrestrictedBOYAmt |
| Unrestricted EOY | $249,422 | UnrestrictedEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $221,346 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $249,422 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $221,346 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $249,422 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $221,346 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $28,076 | ExcessRevenueOverExpensesAmt |
| Subtotal | $249,422 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $249,422 | TotNetAstOrFundBalancesEOYAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $163 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $163 | SubtotalAmt |
| Tax Based On Investment Income | $163 | TaxBasedOnInvestmentIncomeAmt |
| Tax Due | $163 | TaxDueAmt |
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 | NY | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| 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 |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BARKAN & GOLDBERG LLP | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2129495959 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 60 EAST 42ND STREET | AddressLine1 |
| Address Line2 | SUITE 2120 | AddressLine2 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10165 | ZIPCode |
| 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 |
| 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 (2 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| COLLEEN MAY | ||||||||
| 5310 WILD HORSE VALLEY ROAD | NAPA | CA | 94558 | TRUSTEE | 0.50 | $0 | $0 | $0 |
| MICHAEL F BARKAN | ||||||||
| 60 EAST 42ND STREET | NEW YORK | NY | 10165 | TRUSTEE | 0.50 | $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 | $16,250 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $39,844 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $56,094 | TotalFMVOfUnusedAssetsAmt |
| Adjusted Total FMV Of Unused Ast | $56,094 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $841 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $55,253 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $2,763 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $2,763 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $163 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $163 | TotalTaxAmt |
| Distributable Before Adj | $2,600 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $2,600 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $2,600 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $15,150 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $15,150 | QualifyingDistributionsAmt |
| Adjusted Qualifying Distri | $15,150 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $2,600 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr4 | $5,498 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $61,731 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $4,864 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $8,150 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $80,243 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $15,150 | QualifyingDistributionsAmt |
| Applied To Current Year | $2,600 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $12,550 | RemainingDistriFromCorpusAmt |
| Total Corpus | $92,793 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $92,793 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $5,498 | ExcessFromYear4Amt |
| Excess From Year3 | $61,731 | ExcessFromYear3Amt |
| Excess From Year2 | $4,864 | ExcessFromYear2Amt |
| Excess From Year1 | $8,150 | ExcessFromYear1Amt |
| Excess From Current Year | $12,550 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)
| Address Line1RecipientUSAddress/AddressLine1 | CityRecipientUSAddress/City | StateRecipientUSAddress/State | ZIP CodeRecipientUSAddress/ZIPCode | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|
| THE RESOURCE FOUNDATION | |||||
| 237 WEST 35 STREET | NEW YORK | NY | 10001 | 501(C)(3) | $8,150 |
| DOCTORS WITHOUT BORDERS | |||||
| 333 7TH AVENUE | NEW YORK | NY | 10001 | 501(C)(3) | $5,000 |
| SUNRISE HORSE RESCUE | |||||
| 1098 LODI LANE | SAINT HELENA | CA | 94574 | 501(C)(3) | $2,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $15,150 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $14 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $8,589 | ExclusionAmt |
Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | $21 | RelatedOrExemptFunctionIncmAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | $34,555 | RelatedOrExemptFunctionIncmAmt |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | KINDER MORGAN | Desc |
| Related Or Exempt Function Incm | $523 | RelatedOrExemptFunctionIncmAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $8,603 | ExclusionAmt |
| Related Or Exempt Function Incm | $35,099 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $43,702 | 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 |
Compensation Explanation CompensationExplanation
Compensation Explanation CompensationExplanationGrp (2 entries)
| COLLEEN MAY |
| MICHAEL F BARKAN |
Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch
Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (4 entries)
| AssetAssetDesc | AcquiredAcquiredDt | How AcquiredHowAcquiredTxt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | BasisBasisAmt | Total NetTotalNetAmt |
|---|---|---|---|---|---|---|
| .93 KINDER MORGAN | 2014-11 | PURCHASE | 2014-12 | $39 | $39 | |
| 500 AT & T | 2011-10 | PURCHASE | 2014-06 | $17,143 | $14,719 | $2,424 |
| 188 IBM | 1996-11 | PURCHASE | 2014-12 | $30,008 | $6,945 | $23,063 |
| 300 KINDER MORGAN | 2010-11 | PURCHASE | 2014-11 | $30,558 | $21,490 | $9,068 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY Book Value | $195,540 | EOYBookValueAmt |
| EOYFMV | $195,540 | EOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| EXPENSES | ||
| INVESTMENT EXPENSES | $150 | $150 |
| FOREIGN TAX | $326 | $326 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| KINDER MORGAN | $21 | $21 | $21 |
| KINDER MORGAN | $523 | $523 |
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