Nonprofit · EIN 13-3915987
MAI FAMILY FOUNDATION
Tax-exempt · NEW YORK, NY 10105
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $624,161 | $5,215,196 | -$4,591,035 | $16,261,138 | $1,600,000 | $14,661,138 |
| December 31, 2023 | 990-PF | $15,300,621 | $4,694,807 | $10,605,814 | $18,161,033 | $501,471 | $17,659,562 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Dividends
- $52
- Interest
- $18
- Net gain from sales of assets
- $589,076
- Other income
- $35,015
Expenses
- Grants and similar amounts paid
- $5,104,057
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $5,104,057
- Excise tax on investment income
- $7,131
Balance sheet and other
- Total assets, start of year
- $18,161,033
- Total assets, end of year
- $16,261,138
- Total liabilities, end of year
- $1,600,000
- Net assets, end of year
- $14,661,138
- Fair market value of assets
- $16,261,138
- Qualifying distributions
- $5,104,057
- Net investment income
- $624,161
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-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| VINCENT A MAI CORNWALL CAP - 135 EAST 57TH STREET, NEW YORK, NY 10022 | VP/DIR | 2 | $0 |
| ANNE MAI CORNWALL CAP - 135 EAST 57TH STREET, NEW YORK, NY 10022 | PRES/DIR | 0.5 | $0 |
| JAMES MAI CORNWALL CAP - 135 EAST 57TH STREET, NEW YORK, NY 10022 | ASST TREASURER | 0.25 | $0 |
| REBECCA MAI CORNWALL CAP - 135 EAST 57TH STREET, NEW YORK, NY 10022 | SECRETARY | 0.25 | $0 |
| CHIARA MAI CORNWALL CAP - 135 EAST 57TH STREET, NEW YORK, NY 10022 | TREASURER | 0.25 | $0 |
| DAVID MITNICK CORNWALL CAP - 135 EAST 57TH STREET, NEW YORK, NY 10022 | ASST SECRETARY | 0.25 | $0 |
| TIMOTHY MAI CORNWALL CAP - 135 EAST 57TH STREET, NEW YORK, NY 10022 | ASST TREASURER | 0.25 | $0 |
990-PF for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| VINCENT A MAI CORNWALL CAP - 135 EAST 57TH STREET, NEW YORK, NY 10022 | VP/DIR | 2 | $0 |
| ANNE MAI CORNWALL CAP - 135 EAST 57TH STREET, NEW YORK, NY 10022 | PRES/DIR | 0.5 | $0 |
| JAMES MAI CORNWALL CAP - 135 EAST 57TH STREET, NEW YORK, NY 10022 | ASST TREASURER | 0.25 | $0 |
| REBECCA MAI CORNWALL CAP - 135 EAST 57TH STREET, NEW YORK, NY 10022 | SECRETARY | 0.25 | $0 |
| CHIARA MAI CORNWALL CAP - 135 EAST 57TH STREET, NEW YORK, NY 10022 | TREASURER | 0.25 | $0 |
| DAVID MITNICK CORNWALL CAP - 135 EAST 57TH STREET, NEW YORK, NY 10022 | ASST SECRETARY | 0.25 | $0 |
| TIMOTHY MAI CORNWALL CAP - 135 EAST 57TH STREET, NEW YORK, NY 10022 | ASST TREASURER | 0.25 | $0 |
Address and contacts
- Address (IRS master file)
- 1345 AVENUE OF THE AMERICAS FL 2, NEW YORK, NY 10105-0008
- In care of
- % LEVINE & SELTZER
- Signed the 990-PF
- VINCENT MAI, VICE PRESIDENT
- Phone
- (212) 845-4322
- Return prepared by
- WEAVER AND TIDWELL LLP
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 13-3915987
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1997
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20J)
- Assets (IRS master file)
- $16,261,138
- Income (IRS master file)
- $2,230,977
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $624,161 | $5,215,196 | $16,261,138 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $15,300,621 | $4,694,807 | $18,161,033 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990-PF | December 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 13-3915987).
Questions about MAI FAMILY FOUNDATION
- What is the EIN of MAI FAMILY FOUNDATION?
- The employer identification number (EIN) of MAI FAMILY FOUNDATION is 13-3915987.
- Is MAI FAMILY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to MAI FAMILY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does MAI FAMILY FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of MAI FAMILY FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MAI FAMILY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of MAI FAMILY FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does MAI FAMILY FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $624,161, expenses of $5,215,196 and total assets of $16,261,138 at year end.
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