Nonprofit · EIN 01-0682859
MUTUAL FUND DIRECTORS FORUM
Tax-exempt · WASHINGTON, DC 20005
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $3,346,276 | $3,144,226 | $202,050 | $8,124,472 | $2,348,065 | $5,776,407 |
| June 30, 2024 | 990 | $3,105,528 | $2,858,000 | $247,528 | $8,093,768 | $2,475,696 | $5,618,072 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $3,033,163
- Investment income
- $313,113
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $852,187
- Other salaries and wages
- $919,830
- Salaries, compensation and benefits (total)
- $2,032,686
- Professional fundraising fees
- $0
- Legal fees
- $10,086
- Accounting fees
- $68,583
- Occupancy
- $176,143
- Travel
- $71,426
- Depreciation
- $50,962
- Program services (functional)
- $2,756,102
- Management and general (functional)
- $388,124
Balance sheet and other
- Total assets, start of year
- $8,093,768
- Total assets, end of year
- $8,124,472
- Total liabilities, end of year
- $2,348,065
- Net assets, end of year
- $5,776,407
- Land, buildings and equipment
- $38,692
- Net assets without donor restrictions
- $5,776,407
- Gross receipts
- $3,346,276
- Employees
- 6
- Volunteers
- 12
- Year formed
- 2002
- State of legal domicile
- DC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Carolyn McPhillips | President Trustee or director, Officer | 40 | $466,197 | $35,607 |
| Dianne Descoteaux | Sr. Counsel Highest-paid employee | 40 | $302,686 | $43,561 |
| David Smith Jr | EVP/Gen Counsel/Secretary Officer | 20 | $284,472 | $17,040 |
| Sara Vargo | Counsel Highest-paid employee | 40 | $253,742 | $24,948 |
| Young Hee Kim | Chief of Staff Highest-paid employee | 40 | $187,574 | $33,402 |
| Andrew Buddy Donohue Jr | Chair Trustee or director, Officer | 1 | $0 | $0 |
| Steve Byers | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Angela Brock-Kyle | Director Trustee or director | 1 | $0 | $0 |
| Jane Carlin | Director Trustee or director | 1 | $0 | $0 |
| Sanjeev Handa | Director Trustee or director | 1 | $0 | $0 |
| Sidney Harris retired December 2024 | Director Trustee or director | 1 | $0 | $0 |
| Rob Helm | Director Trustee or director | 1 | $0 | $0 |
| Peter Gerald Malone | Director Trustee or director | 1 | $0 | $0 |
| Ron Parker | Director Trustee or director | 1 | $0 | $0 |
| Mindy Posoff | Director Trustee or director | 1 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Dina Tantra | Director Trustee or director | 1 | $0 |
| Lloyd Wennlund | Director Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CAROLYN MCPHILLIPS | PRESIDENT Trustee or director, Officer | 40 | $486,811 | $34,621 |
| DAVID B SMITH | EVP & SECRETARY Officer | 40 | $281,092 | $18,821 |
| SARA VARGO | COUNSEL Highest-paid employee | 40 | $253,336 | $25,649 |
| YOUNG HEE KIM | CHIEF OF STAFF Highest-paid employee | 40 | $181,172 | $31,784 |
| ANGELA BROCK-KYLE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JANE CARLIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KATHLEEN DENNIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN ENGLER RETIRED DEC 2023 | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SANJEEV HANDA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SIDNEY HARRIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PETER GERALD MALONE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RON PARKER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MINDY POSOFF START OCT 2023 | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DINA TANTRA START MAR 2024 | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LLOYD WENNLUND START OCT 2023 | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANDREW DONOHUE | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| STEPHEN BYERS | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1501 M ST NW STE 1150, WASHINGTON, DC 20005-1772
- Principal officer (990 for 2024)
- Carolyn McPhillips, 1501 M Street NW 1150, Washington, DC 20005
- Signed the 990
- Carolyn McPhillips, President
- Phone
- (202) 507-4488
- Website
- https://www.mfdf.org/
- Return prepared by
- Rogers & Company PLLC
Mission
The Mutual Fund Directors Forum enhances the governance of U.S. registered funds by educating independent directors and providing them with a voice in key federal policy issues.
Program accomplishments
- Member Education & Support - MFDF continued to provide tailored educational resources and networking opportunities to independent directors of registered funds and fund CCOs. These offerings, including interactive conferences, webinars, whitepapers, and working groups of directors, are designed to assist boards in fulfilling their fiduciary duties to the funds they oversee and the shareholders of those funds. The opportunities focus on providing independent directors with the information and networks to be effective both with respect to their fundamental responsibilities as well as insights into regulatory changes that impact fund boardrooms.Expenses $2,756,102 · revenue $3,033,163
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 01-0682859
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2003
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B99)
- Assets (IRS master file)
- $8,124,472
- Income (IRS master file)
- $3,346,276
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $3,346,276 | $3,144,226 | $8,124,472 | IRS |
| 990 | June 2024 | $3,105,528 | $2,858,000 | $8,093,768 | XML |
| 990 | June 2023 | $3,072,475 | $2,239,669 | $8,045,166 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 01-0682859).
Questions about MUTUAL FUND DIRECTORS FORUM
- What is the EIN of MUTUAL FUND DIRECTORS FORUM?
- The employer identification number (EIN) of MUTUAL FUND DIRECTORS FORUM is 01-0682859.
- Is MUTUAL FUND DIRECTORS FORUM tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
- Are donations to MUTUAL FUND DIRECTORS FORUM tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MUTUAL FUND DIRECTORS FORUM file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MUTUAL FUND DIRECTORS FORUM due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MUTUAL FUND DIRECTORS FORUM last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of MUTUAL FUND DIRECTORS FORUM?
- The 990 for the year ended June 30, 2025 names Carolyn McPhillips.
- Who are the officers and directors of MUTUAL FUND DIRECTORS FORUM?
- The 990 for the year ended June 30, 2025 lists 17 people; 5 received compensation from the organization, the highest $466,197 (Carolyn McPhillips, President).
- How much revenue does MUTUAL FUND DIRECTORS FORUM have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $3,346,276, expenses of $3,144,226 and total assets of $8,124,472 at year end.
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