Mds Charitable Foundation Trust FY2023 filing

Tax-deductible

Lakewood, NJ501(c)(3)Foundations & GrantmakersEIN 26-3891387Revenue $492K in FY2023

On file with the IRS183 Carlton Ave S, 08701-2949 · Lakewood, NJTax-exempt since Feb 2009Private non-operating foundation

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501(c)(3) charity; gifts are tax-deductible.
Status: IRS Pub. 78

Before you give

FY2023 · Form 990-PFIndependent: 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
FY2024
latest Form 990-PF
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $333K a year · 50% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
990-PF Pt I · 5 filings
Cash reserves
6 mo
of spending, in cash
Looks good: 5.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$320K
12% of total assets
Looks good: liabilities are 12% of assets; 50% or less.
990-PF Pt II
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$492K
+15% vs prior year
Spent
$1.0M
Net assets
$2.4M
By yearFY2020–FY2024
Revenue
$492K
FY2023▲ +15%
Tap a bar for its year
Revenue by fiscal year
FY2020$882K
FY2021$959K
FY2022$428K
FY2023$492K
FY2024$558K
FY2024−$639K
Expenses
$1.0M
FY2023▼ -2%
Tap a bar for its year
Expenses by fiscal year
FY2020$753K
FY2021$1.2M
FY2022$1.0M
FY2023$1.0M
FY2024$942K
FY2024$985K
Net assets
$2.4M
FY2023▼ -18%
Tap a bar for its year
Net assets by fiscal year
FY2020$4.1M
FY2021$3.6M
FY2022$2.9M
FY2023$2.4M
FY2024$2.0M
FY2024$409K

From the FY2023 Form 990 (year ending November 2023) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2009.

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

Where the money goes

What each dollar paid for.

Grants & contributions paid 99% · $999K Operating & administrative 1% · $8K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

2 people listed on the 990-PF.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
See Mds Charitable Foundation Trust executive salaries →

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Programs and updates

A private foundation based in Lakewood, NJ.

Questions for Mds Charitable Foundation Trust

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Provided by the organization

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Grants and how to apply

Who it funds, and how to ask.

Who They Fund

Part XV · grants paid · 1 grant · $976K · 2024–2024
Various Charitable Organizations - Available Upon RequestFY2024$975,917

Grantmaking Profile

Patterns in foundation giving
Average grantPart XV$976K
Median grantPart XV$976K
Largest grantPart XV$976K

By the numbers

The FY2023 990-PF, line by line.

1The main four
Money in
$492K
Gifts and grants$1.7M
Investment income$97
Money out
$1.0M
Grants paid$999K
Running costs$8K
Owns and owes
$2.4M
net assets
Cash and savings$472K
Total assets$2.7M
Liabilities$320K
People
2
listed
Paid0
2In more detail
Revenue in detail
Gifts and grants$1.7M
Investment income$97
Total revenue$492K
Assets in detailEnd of year
Cash and savings together$472K
Total assets$2.7M
Liabilities$320K
Net assets$2.4M
Operations
Fiscal year endsNovember

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $558K$942K−$384K$2.0M 990 PDF
FY2023 Viewing $492K$1.0M−$515K$2.4M 990 PDF
FY2022 $428K$1.0M−$603K$2.9M 990 PDF
FY2021 $959K$1.2M−$291K$3.6M 990 PDF
FY2020 $882K$753K$129K$4.1M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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