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Mgm Resorts Foundation FY2022 filing

Tax-deductible

Las Vegas, NV501(c)(3)Since 2002Foundations & Grantmakers EIN 01-0640027Revenue $3.9M in FY2022

On file with the IRSmgmresortsfoundation.org980 Kelly Johnson Dr, 89119-3785 · Las Vegas, NVTax-exempt since Sep 2002Publicly supported charity — 170(b)(1)(A)(vi)

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The Mgm Resorts Foundation brings the best of our employee volunteer and charitable efforts together with greater impact and greater choice. The Mgm Resorts Foundation focuses employee charitable contributions to non-profit agencies and community organizations. This gives employees who support the Foundation greater control and impact over their donations and the ability to support organizations in the communities we all live, work and care for our families.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average deficit $456K a year · 7% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
24 mo
of spending, in cash
Looks good: 24.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
8
named funders · $627K
Looks good: 8 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1.0M
12% of total assets
Looks good: liabilities are 12% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.9M
+18% vs prior year
Spent
$3.5M
To programs
100%
Net assets
$7.4M
By yearFY2020–FY2025
Revenue
$3.9M
FY2022▲ +18%
Tap a bar for its year
Revenue by fiscal year
FY2020$16.7M
FY2021$3.3M
FY2022$3.9M
FY2023$4.2M
FY2024$5.1M
FY2025$5.9M
Expenses
$3.5M
FY2022▼ -28%
Tap a bar for its year
Expenses by fiscal year
FY2020$19.4M
FY2021$4.9M
FY2022$3.5M
FY2023$4.2M
FY2024$5.2M
FY2025$4.6M
Net assets
$7.4M
FY2022▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2020$8.6M
FY2021$7.0M
FY2022$7.4M
FY2023$7.4M
FY2024$7.4M
FY2025$8.7M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2002.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $3.5M

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
Jyoti Chopra
Director
$0Pt VII · Sec A
Maria Gatti
President
$0Pt VII · Sec A
Rick Jost
Director
$0Pt VII · Sec A
Andy Meese
Director
$0Pt VII · Sec A
Doug Sandoval
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Mgm Resorts Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Channels employee donations and volunteer efforts to local nonprofits while providing emergency financial grants to workers and their families facing unexpected hardships.

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Provided by the organization

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2 programs · $3.5M · in their own filed words · FY2022
01

The MGM resorts foundation consolidates the charitable giving efforts of the MGM resorts international employees in order to maximize resources and benefits for the communities in which these employees live, work and care for their families.

$2.9Mprogram expense
02

The employee emergency grant (eeg) & children's medical support fund comprise funding allocated to support employees in times of an emergency. It is designed to provide employees and immediate families with short-term assistance during unexpected hardships.

$613Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
The Blackbaud Giving FundFY2024$201K
Diller Von Furstenberg Family FoundationFY2024$100K
Iac Charitable Foundation INCFY2024$100K
Mark Wahlberg Youth Foundation INCFY2024$60K
William and Wendy Hornbuckle Family FoundationFY2024$56K
Salem FoundationFY2024$50K
Morgan Stanley Global Impact Funding Trust INCFY2024$50K
National Philanthropic TrustFY2024$10K
Total grants receivedfrom 8 funders$627K
See all 8 funders →
Grants paid · 732 grants · $39.5M · 2020–2025
Unitemized GrantFY2025$676,056
Three SquareNV · FY2025$128,542
Help of Southern NevadaNV · FY2025$122,016
Shoes That FitCA · FY2025$95,000
Nevada Childhood Cancer FoundationNV · FY2025$82,787
Nevada Partnership for Homeless YouthNV · FY2025$82,750
Vmsn INCNV · FY2025$81,560
Opportunity Village FoundationNV · FY2025$80,659
Project 150NV · FY2025$80,542
Communities in Schools of NevadaNV · FY2025$80,495
Just One ProjectNV · FY2025$80,228
Raise the FutureCO · FY2025$80,077
Jeremiah ProgramMN · FY2025$80,000
Helping Hands of Vegas Valley INCNV · FY2025$80,000
C A R E Chest of Sierra NevadaNV · FY2025$80,000
Assisting Lives in Las VegasNV · FY2025$80,000
Edward Kline Memorial Homeless Veterans FundNV · FY2025$62,500
Center for Financial EmpowermentCA · FY2025$57,865
See all 732 grants →

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$3.9M
Ln 12
Gifts and grantsLn 1h$3.9M
Investment incomeLn 3$5K
Money outPt IX
$3.5M
Ln 25
Programscol B$3.5M
Owns and owesPt X
$7.4M
net assets · Ln 32
Cash and savingsLn 1–2$7.2M
Total assetsLn 16$8.4M
LiabilitiesLn 26$1.0M
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.9M
Investment incomeLn 3$5K
Total revenueLn 12$3.9M
Assets in detailPt X, end of year
CashLn 1$7.2M
Cash and savings togetherLn 1–2$7.2M
InvestmentsLn 11–13$855K
Total assetsLn 16$8.4M
LiabilitiesLn 26$1.0M
Net assetsLn 32$7.4M
OperationsPt I, VI
EmployeesI 50
VolunteersI 62,647
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$7.5M$7.2M
InvestmentsLn 11–13$849K$855K
Total assetsLn 16$8.5M$8.4M
LiabilitiesLn 26$1.5M$1.0M
Net assetsLn 32$7.0M$7.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$2.9M$2.9M
Grants to domestic individualsLn 2$613K$613K
Total functional expensesLn 25$3.5M$3.5M$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $5.9M$4.6M$1.3M$8.7M 990 PDF
FY2024 $5.1M$5.2M−$71K$7.4M 990 PDF
FY2023 $4.2M$4.2M$35K$7.4M 990 PDF
FY2022 Viewing $3.9M$3.5M$366K$7.4M 990 PDF
FY2021 $3.3M$4.9M−$1.6M$7.0M 990 PDF
FY2020 $16.7M$19.4M−$2.8M$8.6M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $3,899,875 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,299,599$3,894,541
I-9 Program service revenue$0
I-10 Investment incomePrior year $194$5,334
I-11 Other revenue$0
I-12 Total revenuePrior year $3,299,793$3,899,875
I-13 Grants and similar amounts paidPrior year $4,850,427$3,533,587
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $34,895$0
I-18 Total expensesPrior year $4,885,322$3,533,587
I-19 Revenue less expensesPrior year −$1,585,529$366,288
Part VI · Governance 7 of 7 board members independent, 2 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $3,899,875 across 4 lines filed
VIII-1f All other contributions, gifts and grants$3,894,541
VIII-1h Total contributions, gifts and grants$3,894,541
VIII-3 Investment incomeExcluded from tax $5,334$5,334
VIII-12 Total revenueExcluded from tax $5,334$3,899,875
Part IX · Statement of functional expenses $3,533,587 across 2 lines filed
IX-1 Grants to domestic organizationsPrograms $2,920,577$2,920,577
IX-2 Grants to domestic individualsPrograms $613,010$613,010
IX-25 Total functional expensesPrograms $3,533,587 · Management $0 · Fundraising $0$3,533,587
Part X · Balance sheet $8,412,690 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $7,473,889$7,218,593
X-4 Accounts receivableStart of year $213,547$339,370
X-11 Publicly traded securitiesStart of year $849,473$854,727
X-16 Total assetsStart of year $8,536,909$8,412,690
X-17 Accounts payable and accrued expensesStart of year $1,508,964$1,018,457
X-26 Total liabilitiesStart of year $1,508,964$1,018,457
X-27 Net assets without donor restrictionsStart of year $7,027,945$7,394,233
X-32 Total net assets or fund balancesStart of year $7,027,945$7,394,233
X-33 Total liabilities and net assetsStart of year $8,536,909$8,412,690
Part XI · Reconciliation of net assets $7,394,233 net assets at year end
XI-1 Total revenue$3,899,875
XI-2 Total expenses$3,533,587
XI-3 Revenue less expenses$366,288
XI-4 Net assets at start of year$7,027,945
XI-10 Net assets at end of year$7,394,233

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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