Mays Foundation FY2023 filing

Tax-deductible

Amarillo, TX501(c)(3)EIN 75-1213346

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
FY2025
latest Form 990-PF
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 4
filings with a surplus
Average deficit $50K a year · 9% of revenue · last 4 filings
Concern: a surplus in 1 of the last 4 filings.
990-PF Pt I · 4 filings
Cash reserves
3 mo
of spending, in cash
Fine: 2.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$23K
0.4% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
990-PF Pt II
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$576K
+16% vs prior year
Spent
$652K
Net assets
$5.7M
By yearFY2021–FY2025
Revenue
$576K
FY2023▲ +16%
Revenue by fiscal year
FY2021$498K
FY2023$576K
FY2024$494K
FY2025$584K
Expenses
$652K
FY2023▲ +10%
Expenses by fiscal year
FY2021$593K
FY2023$652K
FY2024$566K
FY2025$540K
Net assets
$5.7M
FY2023▼ -3%
Net assets by fiscal year
FY2021$5.9M
FY2023$5.7M
FY2024$5.6M
FY2025$5.6M

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

You’re viewing the FY2023 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 1965.

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

Where the money goes

What each dollar paid for.

Grants & contributions paid 62% · $404K Operating & administrative 38% · $248K

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

Who runs it and what they're paid

The filing lists no officers, directors or key staff.

Part VII, Section A · reportable compensation
See Mays Foundation executive salaries →

Programs and updates

A private foundation based in Amarillo, TX.

Provided by the organization

This section is blank until Mays Foundation claims this page.

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Grants and how to apply

Who it funds, and how to ask.

Who They Fund

Part XV · grants paid · 51 grants · $300K · 2024–2024
Baylor UniversityTX · FY2024$50,250
First Baptist ChurchFY2024$27,000
The Opportunity Plan INCTX · FY2024$16,000
Wayland Baptist UniversityTX · FY2024$15,000
Amarillo Symphony INCTX · FY2024$15,000
The BridgeFY2024$13,000
Panhandle Plains Historical MuseumFY2024$12,500
True Hope ColisterFY2024$10,000
Dallas Baptist UniversityTX · FY2024$10,000
Saint Paul Methodist ChurchFY2024$8,000
Eastridge Mission CenterTX · FY2024$7,500
Amarillo Children's HomeFY2024$7,500
Harrington Cancer and Health FoundationFY2024$7,000
Center City of Amarillo INCTX · FY2024$6,100
Heal the CityFY2024$5,500
New Noah's ClosetFY2024$5,000
The Living Stone ChurchFY2024$5,000
Bushland Band BoostersFY2024$5,000
See all 51 grants →

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV25
Average grantPart XV$6K
Median grantPart XV$2K
Largest grantPart XV$50K
Top cause focusNTEEEducation (14%)

By the numbers

The FY2023 990-PF, line by line.

1The main four
Money in
$576K
Other income$448K
Investment income$123K
Gifts and grants$5K
Money out
$652K
Grants paid$404K
Running costs$248K
Owns and owes
$5.7M
net assets
Cash and savings$156K
Total assets$5.7M
Liabilities$23K
2In more detail
Revenue in detail
Gifts and grants$5K
Investment income$123K
Other income$448K
Total revenue$576K
Assets in detailEnd of year
Cash and savings together$156K
Total assets$5.7M
Liabilities$23K
Net assets$5.7M
Operations
Fiscal year endsJuly

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $584K$540K$44K$5.6M 990 PDF
FY2024 $494K$566K−$71K$5.6M 990 PDF
FY2023 Viewing $576K$652K−$77K$5.7M 990 PDF
FY2022 Not on file
FY2021 $498K$593K−$95K$5.9M 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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