MRC FULL CIRCLE FOUNDATION: Form 990PF, tax year 2025

View the entire original 990 at ProPublica ↗

Organization
MRC FULL CIRCLE FOUNDATION (EIN 86-2444181)
Tax period
2025-01-01 to 2025-12-31
Filed
2026-03-10
IRS object ID
202620699349100117
Schema version
2025v4.0
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)
Return2026-03-10T08:00:04-07:00ReturnTs
Tax Period End2025-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN454046657PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BIRKHILL ASSOCIATES LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 1850AddressLine1Txt
CityMIDDLEBURGCityNm
State AbbreviationVAStateAbbreviationCd
ZIP20118ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2025-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN862444181EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MRC Full Circle FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlMRCFBusinessNameControlTxt
Phone2122072100PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1c/o Corient 101 Park Ave 3100AddressLine1Txt
CityNew YorkCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10178ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMichael R CranePersonNm
Person TitlePresidentPersonTitleTxt
Signature2026-03-10SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonRobert N WilesPreparerPersonNm
PTINP00362763PTIN
Phone5406878884PhoneNum
FieldValueIRS element (for citing)
Tax2025TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$13,134,306FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$126,742DividendsRevAndExpnssAmt
Dividends Net Invst Incm$126,742DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$490,241NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$2,239,688GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$490,241CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$616,983TotalRevAndExpnssAmt
Total Net Invst Incm$616,983TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$4,000AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$4,000AccountingFeesNetInvstIncmAmt
Other Prof Fees Rev And Expnss$99,704OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$99,704OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$15,304TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$119,008TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$103,704TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$726,565ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$726,565ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$845,573TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$103,704TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$726,565TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$228,590ExcessRevenueOverExpensesAmt
Net Investment Income$513,279NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$163,243SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$181,781SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$181,781SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$7,472,731CorporateStockBOYAmt
Corporate Stock EOY$7,225,603CorporateStockEOYAmt
Corporate Stock EOYFMV$12,952,525CorporateStockEOYFMVAmt
Total Assets BOY$7,635,974TotalAssetsBOYAmt
Total Assets EOY$7,407,384TotalAssetsEOYAmt
Total Assets EOYFMV$13,134,306TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$7,635,974RetainedEarningBOYAmt
Retained Earning EOY$7,407,384RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$7,635,974TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$7,407,384TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$7,635,974TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$7,407,384TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$7,635,974TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$228,590ExcessRevenueOverExpensesAmt
Subtotal$7,407,384SubtotalAmt
Tot Net Ast Or Fund Balances EOY$7,407,384TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (14 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
1,300 shs CANADIAN PACIFIC KANSAS CITY LTD COMP2025-01-012025-09-26$96,170$99,373-$3,203-$3,203
850 shs AMAZON.COM INC COMP2025-01-012025-09-10$199,037$165,514$33,523$33,523
1,304 shs PALO ALTO NETWORKS INCP2025-01-012025-09-10$261,431$193,952$67,479$67,479
446 shs JPMORGAN CHASE & CO COMP2025-01-012025-09-10$133,965$88,868$45,097$45,097
1,000 shs ZOETIS INC COMP2025-01-012025-09-10$149,463$165,232-$15,769-$15,769
670 shs MCDONALD'S CORP COMP2025-01-012025-09-09$209,150$173,856$35,294$35,294
2,100 shs MARVELL TECHNOLOGY INCP2025-01-012025-09-09$139,877$96,680$43,197$43,197
50 shs TRANE TECHNOLOGIES PLCP2025-01-012025-09-09$20,439$16,210$4,229$4,229
404 shs CARLISLE COMPANIES INC COMP2025-01-012025-08-26$158,833$5,063$153,770$153,770
1,560 shs AMERICAN EXPRESS CO COMP2022-10-072025-06-10$469,189$256,066$213,123$213,123
417 shs UNITEDHEALTH GROUP INC COMP2024-06-272025-05-19$130,183$202,216-$72,033-$72,033
250 shs S&P GLOBAL INC COMP2024-06-112025-04-22$113,385$107,101$6,284$6,284
3,050 shs CHIPOTLE MEXICAN GRILL INCP2024-07-232025-04-15$150,136$172,527-$22,391-$22,391
27 shs UNITEDHEALTH GROUP INC COMP2003-05-302025-05-19$8,430$6,789$1,641$1,641
FieldValueIRS element (for citing)
Capital Gain Net Income$490,241CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$275,477NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$7,135InvestmentIncomeExciseTaxAmt
Subtotal$7,135SubtotalAmt
Tax Based On Investment Income$7,135TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$22,257EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$22,257TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Overpayment$15,122OverpaymentAmt
Applied To ES Tax$15,122AppliedToESTaxAmt

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 StateDEOrgReportOrRegisterStateCd
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 Line1CorientBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2122072100PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1101 Park Ave Suite 3100AddressLine1Txt
CityNew YorkCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10178ZIPCd
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
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
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 (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
Michael R Crane
PO Box 1850MiddleburgVA20118President0.04$0
Philip S Lawrence
845 3rd Ave Fl 8New YorkNY10022Secretary0.05$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt

Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CorientBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1101 Park Avenue Suite 3100AddressLine1Txt
CityNew YorkCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10178ZIPCd
FieldValueIRS element (for citing)
Service TypeAsset ManagementServiceTypeTxt
Compensation$91,736CompensationAmt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$12,566,012AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$374,951AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$12,940,963TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$12,940,963AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$194,114CashDeemedCharitableAmt
Net Vl Noncharitable Assets$12,746,849NetVlNoncharitableAssetsAmt
Minimum Investment Return$637,342MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$637,342MinimumInvestmentReturnAmt
Tax Based On Investment Income$7,135TaxBasedOnInvestmentIncomeAmt
Total Tax$7,135TotalTaxAmt
Distributable Before Adj$630,207DistributableBeforeAdjAmt
Distributable Before Ded$630,207DistributableBeforeDedAmt
Distributable As Adjusted$630,207DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$726,565ExpensesAndContributionsAmt
Qualifying Distributions$726,565QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$630,207DistributableAsAdjustedAmt
Undistributed Income PY$75,012UndistributedIncomePYAmt
Qualifying Distributions$726,565QualifyingDistributionsAmt
Applied To Year1$75,012AppliedToYear1Amt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$630,207AppliedToCurrentYearAmt
Remaining Distri From Corpus$21,346RemainingDistriFromCorpusAmt
Total Corpus$21,346TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$21,346ExcessDistriCyovToNextYrAmt
Excess From Current Year$21,346ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

FieldValueIRS element (for citing)
Recipient PersonSchedule AttachedRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1VariousAddressLine1Txt
CityVariousCityNm
State AbbreviationVAStateAbbreviationCd
ZIP20117ZIPCd
FieldValueIRS element (for citing)
Recipient RelationshipNoneRecipientRelationshipTxt
Recipient Foundation StatusPCRecipientFoundationStatusCd
Grant Or Contribution PurposeCharitable DonationGrantOrContributionPurposeTxt
Amt$726,565Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$726,565TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$126,742ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$490,241ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$616,983ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$616,983TotalIncomeProducingActyAmt

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)
CategoryAccounting FeesCategoryTxt
Amt$4,000Amt
Net Investment Income$4,000NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Custody fees$7,968$7,968$0$0
Management Fees$91,736$91,736$0$0

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmt
Corporate Registration Fees$304
Federal Excise Taxes - Form 990PF$15,000

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.