MNM FOUNDATION: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization: MNM FOUNDATION (EIN 81-4178256)
Tax period: 2024-07-01 to 2025-06-30
Filed: 2026-05-15
IRS object ID: 202621359349103842
Schema version: 2024v5.2
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
Other Expenses Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2026-05-15T15:40:33-07:00	ReturnTs
Tax Period End	2025-06-30	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	017426385	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	RICHARD J BYRNE CPA	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	18 ALBANY ROAD	AddressLine1Txt
City	WALPOLE	CityNm
State Abbreviation	MA	StateAbbreviationCd
ZIP	02081	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2024-07-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	814178256	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	MNM FOUNDATION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	MNMF	BusinessNameControlTxt
Phone	5084049111	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	CO BYRNE 18 ALBANY RD	AddressLine1Txt
City	WALPOLE	CityNm
State Abbreviation	MA	StateAbbreviationCd
ZIP	02081	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	SAMIR DESAI	PersonNm
Person Title	Trustee	PersonTitleTxt
Signature	2026-05-15	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	Yes (true)	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	RICHARD BYRNE	PreparerPersonNm
PTIN	P01392195	PTIN
Phone	5084049111	PhoneNum
Self Employed	Yes (X)	SelfEmployedInd

Field	Value	IRS element (for citing)
Tax	2024	TaxYr
Build TS	2025-03-06 01:10:19Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Address Change	Yes (X)	AddressChangeInd
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$1,790,822	FMVAssetsEOYAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd

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	$13,240	InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm	$13,240	InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm	$13,240	InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss	$49,138	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$49,138	DividendsNetInvstIncmAmt
Dividends Adj Net Incm	$49,138	DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss	$237,150	NetGainSaleAstRevAndExpnssAmt
Gross Sales Price	$5,518,891	GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm	$237,150	CapGainNetIncmNetInvstIncmAmt
Net ST Capital Gain Adj Net Incm	$237,150	NetSTCapitalGainAdjNetIncmAmt
Total Rev And Expnss	$299,528	TotalRevAndExpnssAmt
Total Net Invst Incm	$299,528	TotalNetInvstIncmAmt
Total Adj Net Incm	$299,528	TotalAdjNetIncmAmt
Taxes Rev And Expnss	$4,649	TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss	$6,124	OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm	$6,089	OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl	$35	OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss	$10,773	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$6,089	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$35	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$82,000	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$82,000	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$92,773	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$6,089	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$82,035	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	$206,755	ExcessRevenueOverExpensesAmt
Net Investment Income	$293,439	NetInvestmentIncomeAmt
Adjusted Net Income	$299,528	AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Sav And Temp Cash Invst BOY	$133,038	SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY	$116,510	SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV	$116,511	SavAndTempCashInvstEOYFMVAmt
US Government Obligations BOY	$285,296	USGovernmentObligationsBOYAmt
US Government Obligations EOY	$166,867	USGovernmentObligationsEOYAmt
US Govt Obligations EOYFMV	$168,582	USGovtObligationsEOYFMVAmt
Corporate Stock BOY	$1,042,416	CorporateStockBOYAmt
Corporate Stock EOY	$1,384,128	CorporateStockEOYAmt
Corporate Stock EOYFMV	$1,505,729	CorporateStockEOYFMVAmt
Total Assets BOY	$1,460,750	TotalAssetsBOYAmt
Total Assets EOY	$1,667,505	TotalAssetsEOYAmt
Total Assets EOYFMV	$1,790,822	TotalAssetsEOYFMVAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind
Capital Stock BOY	$1,460,750	CapitalStockBOYAmt
Capital Stock EOY	$1,667,505	CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY	$1,460,750	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$1,667,505	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$1,460,750	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$1,667,505	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$1,460,750	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	$206,755	ExcessRevenueOverExpensesAmt
Subtotal	$1,667,505	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$1,667,505	TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDesc	How AcquiredHowAcquiredCd	AcquiredAcquiredDt	SoldSoldDt	Gross Sales PriceGrossSalesPriceAmt	Cost Or Other BasisCostOrOtherBasisAmt	Gain Or LossGainOrLossAmt	Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
1099 MORGAN STANLEY	P	2024-07-01	2025-06-30	$5,128,118	$4,912,234	$215,884	$215,884
1099 MORGAN STANLEY	P	2026-07-01	2025-06-30	$390,773	$369,507	$21,266	$21,266

Field	Value	IRS element (for citing)
Capital Gain Net Income	$237,150	CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss	$237,150	NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$4,079	InvestmentIncomeExciseTaxAmt
Subtotal	$4,079	SubtotalAmt
Tax Based On Investment Income	$4,079	TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx	$4,404	EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits	$4,404	TotalPaymentsAndCreditsAmt
Form2220 Attached	Yes (X)	Form2220AttachedInd
Es Penalty	$73	EsPenaltyAmt
Overpayment	$252	OverpaymentAmt
Applied To ES Tax	$252	AppliedToESTaxAmt

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	MA	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	SAMIR DESAI	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	7812703655	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	62 DAVISON DRIVE	AddressLine1Txt
City	LINCOLN	CityNm
State Abbreviation	MA	StateAbbreviationCd
ZIP	01773	ZIPCd

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
Acts Fail To Qlfy As Exceptions	false	ActsFailToQlfyAsExceptionsInd
Uncorrected Prior Acts	false	UncorrectedPriorActsInd
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
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt
SAMIR DESAI
62 DAVISON DRIVE	LINCOLN	MA	01773	Trustee	1.00	$0
NILIMA DESAI
62 DAVISON DRIVE	LINCOLN	MA	01773	Trustee	1.00	$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

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$1,733,690	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$76,720	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$1,810,410	TotalFMVOfUnusedAssetsAmt
Reduction Claimed	$0	ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast	$1,810,410	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$27,156	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$1,783,254	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$89,163	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$89,163	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$4,079	TaxBasedOnInvestmentIncomeAmt
Total Tax	$4,079	TotalTaxAmt
Distributable Before Adj	$85,084	DistributableBeforeAdjAmt
Distributable Before Ded	$85,084	DistributableBeforeDedAmt
Distributable As Adjusted	$85,084	DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$82,035	ExpensesAndContributionsAmt
Qualifying Distributions	$82,035	QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$85,084	DistributableAsAdjustedAmt
Undistributed Income PY	$80,508	UndistributedIncomePYAmt
Qualifying Distributions	$82,035	QualifyingDistributionsAmt
Applied To Year1	$80,508	AppliedToYear1Amt
Treated As Distri From Corpus	$0	TreatedAsDistriFromCorpusAmt
Applied To Current Year	$1,527	AppliedToCurrentYearAmt
Undistributed Income CY	$83,557	UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Contributing Manager	SAMIR DESAI	ContributingManagerNm
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient RelationshipRecipientRelationshipTxt	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt
DESAI FOUNDATION
300 TRADECENETR	WOBURN	MA	01801	NONE	PC	GENERAL SUPPORT	$32,000
FRIENDS OF LINCOLN COUNCIL ON AGING
15 BEDFROD STREET	LINCOLN	MA	01773	NONE	PC	GENERAL SUPPORT	$50,000

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$82,000	TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$13,240	ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$49,138	ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Field	Value	IRS element (for citing)
Related Or Exempt Function Incm	$237,150	RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Exclusion	$62,378	ExclusionAmt
Related Or Exempt Function Incm	$237,150	RelatedOrExemptFunctionIncmAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$299,528	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

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Net Investment IncomeNetInvestmentIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
INVESTMENT MANAGEMENT FEES	$6,089	$6,089
MA FILING FEE	$35		$35

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

Field	Value	IRS element (for citing)
Category	FEDERAL TAX	CategoryTxt
Amt	$4,649	Amt

MNM FOUNDATION: Form 990PF, tax year 2024

Return header ReturnHeader

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Preparer US Address PreparerUSAddress

Filer Filer

Business Name BusinessName

US Address USAddress

Business Officer BusinessOfficerGrp

Preparer Person PreparerPersonGrp

Form 990-PF IRS990PF

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Statements Regarding Acty StatementsRegardingActyGrp

Persons With Books Name PersonsWithBooksName

Location Of Books US Address LocationOfBooksUSAddress

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)

Minimum Investment Return MinimumInvestmentReturnGrp

Distributable Amount DistributableAmountGrp

PF Qualifying Distributions PFQualifyingDistributionsGrp

Undistributed Income UndistributedIncomeGrp

Supplementary Information SupplementaryInformationGrp

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

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