MAY FAMILY FOUNDATION: Form 990PF, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: MAY FAMILY FOUNDATION (EIN 26-4308853)
Tax period: 2012-01-01 to 2012-12-31
Filed: 2013-05-08
IRS object ID: 201311289349101021
Schema version: 2012v2.2
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
General Explanation Attachment
Other Expenses Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-05-08T02:48:15-00:00	Timestamp
Tax Period End Date	2012-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Foundation Source	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	One Hollow Lane Suite 212	AddressLine1
City	Lake Success	City
State	NY	State
ZIP Code	11042	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnType
Tax Period Begin Date	2012-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	264308853	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	The May Family Foundation	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	MAYF	NameControl
Phone	8008391754	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	Foundation Source 501 Silverside Rd	AddressLine1
City	Wilmington	City
State	DE	State
ZIP Code	198091377	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	Mitchell May	Name
Title	President	Title
Date Signed	2013-05-08	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	Jeffrey D Haskell	Name
Phone	8008391754	Phone
Date Prepared	2013-05-08	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2012	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Exempt PF	X	ExemptPF
FMV Assets EOY	492705	FMVAssetsEOY
Method Of Accounting Cash	X	MethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Not Required To Attach Schedule B	X	NotRequiredToAttachScheduleB
Interest On Savings Rev And Expnss	3259	InterestOnSavingsRevAndExpnss
Interest On Savings Net Invst Incm	3259	InterestOnSavingsNetInvstIncm
Capital Gain Net Incm Net Invst Incm	0	CapitalGainNetIncmNetInvstIncm
Total Revenue And Expenses	3259	TotalRevenueAndExpenses
Total Net Investment Income	3259	TotalNetInvestmentIncome
Taxes Rev And Expnss	95	TaxesRevAndExpnss
Other Expenses Rev And Expnss	6915	OtherExpensesRevAndExpnss
Other Expenses Dsbrs Chrtbl Prps	6915	OtherExpensesDsbrsChrtblPrps
Tot Opr Expenses Rev And Expnss	7010	TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm	0	TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps	6915	TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss	7000	ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps	7000	ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss	14010	TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm	0	TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps	13915	TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses	-10751	ExcessOfRevenueOverExpenses
Net Investment Income	3259	NetInvestmentIncome

Balance Sheets BalanceSheets

Field	Value	IRS element (for citing)
Savings And Temp Cash Invst BOY	503456	SavingsAndTempCashInvstBOY
Savings And Temp Cash Invst EOY	492705	SavingsAndTempCashInvstEOY
Savings And Temp Cash Invst EOYFMV	492705	SavingsAndTempCashInvstEOYFMV
Total Assets BOY	503456	TotalAssetsBOY
Total Assets EOY	492705	TotalAssetsEOY
Total Assets EOYFMV	492705	TotalAssetsEOYFMV
Total Liabilities EOY	0	TotalLiabilitiesEOY
Org That Do Not Follow SFAS117	X	OrgThatDoNotFollowSFAS117
Retained Earnings BOY	503456	RetainedEarningsBOY
Retained Earnings EOY	492705	RetainedEarningsEOY
Total Net Assets BOY	503456	TotalNetAssetsBOY
Total Net Assets EOY	492705	TotalNetAssetsEOY
Total Liabilities Net Assets BOY	503456	TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY	492705	TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

Field	Value	IRS element (for citing)
Total Net Assets Fund Balances BOY	503456	TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses	-10751	ExcessOfRevenueOverExpenses
Subtotal	492705	Subtotal
Total Net Assets Fund Balances EOY	492705	TotalNetAssetsFundBalancesEOY

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

Field	Value	IRS element (for citing)
Liable For4942 Tax	false	LiableFor4942Tax
Qualifying Distributions Year1	26480	QualifyingDistributionsYear1
Noncharitable Assets Year1	498762	NoncharitableAssetsYear1
Distribution Ratio Year1	000.053091	DistributionRatioYear1
Qualifying Distributions Year2	16684	QualifyingDistributionsYear2
Noncharitable Assets Year2	520071	NoncharitableAssetsYear2
Distribution Ratio Year2	000.032080	DistributionRatioYear2
Qualifying Distributions Year3	527833	QualifyingDistributionsYear3
Noncharitable Assets Year3	453838	NoncharitableAssetsYear3
Distribution Ratio Year3	001.163043	DistributionRatioYear3
Total Distribution Ratio	001.248214	TotalDistributionRatio
Average Distribution Ratio	000.416071	AverageDistributionRatio
Net Noncharitable Assets	487437	NetNoncharitableAssets
Adjusted Noncharitable Assets	202808	AdjustedNoncharitableAssets
One Percent Net Investment Income	33	OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One	202841	AdjNonchrtblAssetsAndOnePct
Qualifying Distributions	13915	QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

Field	Value	IRS element (for citing)
Investment Income Excise Tax	65	InvestmentIncomeExciseTax
Subtotal	65	Subtotal
Tax Based On Investment Income	65	TaxBasedOnInvestmentIncome
Tax Due	65	TaxDue

Statements Regarding Activities StatementsRegardingActivities

Field	Value	IRS element (for citing)
Legislative Political Activities	false	LegislativePoliticalActivities
More Than100 Spent	false	MoreThan100Spent
Form1120 POL Filed	false	Form1120POLFiled
Activities Not Prev Reported	false	ActivitiesNotPrevReported
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylaws
Unrelated Bus Income Over1000	false	UnrelatedBusIncomeOver1000
Termination Etc	false	TerminationEtc
Requirements Of Sect508e	true	RequirementsOfSect508e
At Least5000 In Assets	true	AtLeast5000InAssets
Form990 PF Filed With AG	true	Form990PFFiledWithAG
Private Operating Foundation	false	PrivateOperatingFoundation
New Substantial Contributors	false	NewSubstantialContributors
Interest In Controlled Entity	false	InterestInControlledEntity
Applicable Insurance Contract	false	ApplicableInsuranceContract
Comply With Public Inspection Rqr	true	ComplyWithPublicInspectionRqr

Books In Care Of Business Name BooksInCareOfBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	co Foundation Source	BusinessNameLine1

Field	Value	IRS element (for citing)
Books In Care Of Phone Number	8008391754	BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

Field	Value	IRS element (for citing)
Address Line1	501 Silverside Road Suite 123	AddressLine1
City	Wilmington	City
State	DE	State
ZIP Code	198091377	ZIPCode

Field	Value	IRS element (for citing)
Foreign Bank	false	ForeignBank

Statements Regarding Acty4720 StatementsRegardingActy4720

Field	Value	IRS element (for citing)
Sale Or Exchange With Dsqfly Person	false	SaleOrExchangeWithDsqflyPerson
Borrow Or Lend With Dsqfly Person	false	BorrowOrLendWithDsqflyPerson
Furnished Goods With Dsqfly Person	false	FurnishedGoodsWithDsqflyPerson
Pay Compensation To Dsqfly Person	false	PayCompensationToDsqflyPerson
Transfer Assets To Dsqfly Person	false	TransferAssetsToDsqflyPerson
Payment To Government Offical	false	PaymentToGovernmentOffical
Uncorrected Prior Acts	false	UncorrectedPriorActs
Undistributed Income Prior Years	false	UndistributedIncomePriorYears
Business Holdings	false	BusinessHoldings
Jeopardy Investments	false	JeopardyInvestments
Uncorrected Jeopardy Investments	false	UncorrectedJeopardyInvestments
Influence Legislation	false	InfluenceLegislation
Influence Election	false	InfluenceElection
Grants To Individuals	false	GrantsToIndividuals
Grants To Organizations	false	GrantsToOrganizations
Noncharitable Purpose	false	NoncharitablePurpose
Pay Premiums Prsnl Bnft Contract	false	PayPremiumsPrsnlBnftContract
Prohibited Tax Shelter Transactn	false	ProhibitedTaxShelterTransactn

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee

Field	Value	IRS element (for citing)
Person Name	Mitchell M May	PersonName

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	Foundation Source 501 Silverside Rd	AddressLine1
City	Wilmington	City
State	DE	State
ZIP Code	19809	ZIPCode

Field	Value	IRS element (for citing)
Title	President / Director / Secretary	Title
Avg Hours Per Wk Devoted To Position	001.00	AvgHoursPerWkDevotedToPosition
Compensation	0	Compensation

Minimum Investment Return MinimumInvestmentReturn

Field	Value	IRS element (for citing)
Avg Monthly FMV Of Securities	0	AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances	494860	AvgMonthlyCashBalances
FMV All Other Noncharitable Assets	0	FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets	494860	TotalFMVOfUnusedAssets
Adj Total FMV Of Unused Assets	494860	AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable	7423	CashDeemedCharitable
Net Noncharitable Assets	487437	NetNoncharitableAssets
Minimum Investment Return	24372	MinimumInvestmentReturn

Distributable DistributableAmount

Field	Value	IRS element (for citing)
Minimum Investment Return	24372	MinimumInvestmentReturn
Tax Based On Investment Income	65	TaxBasedOnInvestmentIncome
Total Tax	65	TotalTax
Distributable Amount Before Adj	24307	DistributableAmountBeforeAdj
Distributable Amount Before Ded	24307	DistributableAmountBeforeDed
Distributable Amount As Adjusted	24307	DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

Field	Value	IRS element (for citing)
Expenses And Contributions	13915	ExpensesAndContributions
Qualifying Distributions	13915	QualifyingDistributions
Adj Qualifying Distributions	13915	AdjQualifyingDistributions

Undistributed Income UndistributedIncome

Field	Value	IRS element (for citing)
Distributable Amount As Adjusted	24307	DistributableAmountAsAdjusted
Excess Distri Carryover Year3	499065	ExcessDistriCarryoverYear3
Excess Distri Carryover Year1	1637	ExcessDistriCarryoverYear1
Total Excess Distri Carryover	500702	TotalExcessDistriCarryover
Qualifying Distributions	13915	QualifyingDistributions
Applied To Current Year	13915	AppliedToCurrentYear
Excess Distri Cyov App CY Corpus	10392	ExcessDistriCyovAppCYCorpus
Excess Distri Cyov Applied CY	10392	ExcessDistriCyovAppliedCY
Total Corpus	490310	TotalCorpus
Undistributed Income CY	0	UndistributedIncomeCY
Excess Distri Cyov To Next Year	490310	ExcessDistriCyovToNextYear
Excess From Year3	488673	ExcessFromYear3
Excess From Year1	1637	ExcessFromYear1

Supplementary Information SupplementaryInformation

Field	Value	IRS element (for citing)
Contributing Manager	Mitchell M May	ContributingManager
Only Contributes To Preselected	X	OnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (7 entries)

Address Line1RecipientUSAddress/AddressLine1	CityRecipientUSAddress/City	StateRecipientUSAddress/State	ZIP CodeRecipientUSAddress/ZIPCode	Recipient RelationshipRecipientRelationship	Recipient Foundation StatusRecipientFoundationStatus	Purpose Of Grant Or ContributionPurposeOfGrantOrContribution	AmountAmount
FOUR CORNERS COMM BEHAVIORAL HEALTH INC
59 N 200 E	MOAB	UT	84532	N/A	509a2	Interact Club Project	$1,000
GRAND COUNTY PUBLIC SCHOOL
264 S 400 E	MOAB	UT	84532	N/A	509a1	Beacon Program	$1,000
GRAND COUNTY PUBLIC SCHOOL
264 S 400 E	MOAB	UT	84532	N/A	509a1	Grand Area Mentoring Program	$1,000
MOAB FREE HEALTH CLINIC
350 S MAIN ST	MOAB	UT	84532	N/A	509a1	General Unrestricted	$1,000
MOAB VALLEY MULTICULTURAL CENTER
PO BOX 55	MOAB	UT	84532	N/A	509a1	General Unrestricted	$1,000
SEEKHAVEN INC
81 N 300 E	MOAB	UT	84532	N/A	509a1	General Unrestricted	$1,000
YOUTH GARDEN PROJECT
530 S 400 E	MOAB	UT	84532	N/A	509a1	General Unrestricted	$1,000

Field	Value	IRS element (for citing)
Tot Grant Or Contri Paid During Year	7000	TotGrantOrContriPaidDuringYear

Analysis Income Producing Acty AnalysisIncomeProducingActy

Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst

Field	Value	IRS element (for citing)
Exclusion Code	14	ExclusionCode
Exclusion	$3,259	ExclusionAmount

Subtotals Part XVIA SubtotalsPartXVIA

Field	Value	IRS element (for citing)
Exclusion	$3,259	ExclusionAmount

Field	Value	IRS element (for citing)
Total Part XVIA	3259	TotalPartXVIA

Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Noncharitable EO	false	TrnsfrOfCashToNoncharitableEO
Trnsfr Oth Assets Noncharitable EO	false	TrnsfrOthAssetsNoncharitableEO
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssets
Purchase Assets Noncharitable EO	false	PurchaseAssetsNoncharitableEO
Rental Of Facilities Etc	false	RentalOfFacilitiesEtc
Reimbursement Arrangements	false	ReimbursementArrangements
Loans Or Loan Guarantees	false	LoansOrLoanGuarantees
Performance Of Services Etc	false	PerformanceOfServicesEtc
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtc
Relationships Noncharitable E Os	false	RelationshipsNoncharitableEOs

General Explanation Attachment GeneralExplanationAttachment

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses (2 entries)

DescriptionDescription	Revenue And Expenses Per BooksRevenueAndExpensesPerBooks	Disbursements Charitable PrpsDisbursementsCharitablePrps
Administrative Fees	6890	6890
State or Local Filing Fees	25	25

Taxes Schedule TaxesSchedule

Taxes Taxes

Field	Value	IRS element (for citing)
Category	Excise Tax for 2011	Category
Amount	$95	Amount

Comments