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Nonprofit · EIN 23-7377962

MAY OWEN IRREV TR

Tax-exempt · AUSTIN, TX 78701

Financials

$322K$281K2024
Revenue Expenses · by fiscal year end
Financials of MAY OWEN IRREV TR by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$321,920$280,650$41,270$4,660,202$0$4,660,202
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$53,618
Investment income
$268,302
Net gain from sales of assets
$182,306
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$102,007
Salaries, compensation and benefits (total)
$141,802
Professional fundraising fees
$0
Accounting fees
$2,760
Travel
$1,791
Depreciation
$815
Program services (functional)
$172,043
Management and general (functional)
$108,607

Balance sheet and other

Total assets, start of year
$4,522,709
Total assets, end of year
$4,660,202
Total liabilities, end of year
$0
Net assets, end of year
$4,660,202
Land, buildings and equipment
$2,198
Publicly traded securities
$3,051,573
Net assets without donor restrictions
$2,199
Net assets with donor restrictions
$4,658,003
Gross receipts
$645,032
Employees
0
Volunteers
25
Year formed
1974
State of legal domicile
TX

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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
MICHAEL J DARROUZETCEO
Officer
1$0$670,761$47,544
JOHN E DORMANCOO
Officer
1$0$471,276$80,912
G RAY CALLAS MDPRES(24-25)/PRES-ELECT(23-24)
Trustee or director, Officer
1$0$134,833$0
RICHARD W SNYDER II MDPRES(23-24)/IMMED PAST PRES(24-25)
Trustee or director, Officer
1$0$66,667$0
JOSEPH S VALENTI MDCHAIR (24-25)/VICE CHAIR (23-24)
Trustee or director
1$0$6,000$0
KEITH A BOURGEOIS MDCHAIR (23-24)
Trustee or director
1$0$6,000$0
GARY W FLOYD MDIMMED PAST PRES(23-24)
Trustee or director, Officer
0$0$0$0
JAYESH B SHAH MDPRES-ELECT(24-25)/SECRETARY(23-24)
Trustee or director, Officer
0$0$0$0
GREGORY M FULLER MDSECRETARY/TREASURER
Trustee or director, Officer
0$0$0$0
BRADFORD W HOLLAND MDSPEAKER OF THE HOUSE
Trustee or director, Officer
0$0$0$0
JOHN G FLORES MDVICE SPEAKER OF THE HOUSE
Trustee or director, Officer
0$0$0$0
TONY R AVENTA MDTRUSTEE
Trustee or director
0$0$0$0
JOHN T CARLO MDTRUSTEE
Trustee or director
0$0$0$0
CYNTHIA A JUMPER MDTRUSTEE
Trustee or director
0$0$0$0
KIMBERLY E MONDAY MD MPHTRUSTEE
Trustee or director
0$0$0$0
11 more people on this return
NameTitleHours / weekCompensation
BRADFORD S PATT MDTRUSTEE
Trustee or director
0$0
LISA L EHRLICH MDTRUSTEE (23-24)
Trustee or director
0$0
LEE ANN PEARSE MDTRUSTEE (24-25)
Trustee or director
0$0
DEXTER G TURNQUEST MDTRUSTEE (24-25)
Trustee or director
0$0
RODNEY B YOUNG MDTRUSTEE (24-25)
Trustee or director
0$0
SAMUEL E MATHIS MDYOUNG PHYSICIAN MBR (23-24)
Trustee or director
0$0
ANDREW J WIDMER MDYOUNG PHYSICIAN MBR (24-25)
Trustee or director
0$0
SUBHAN TABBA MDRESIDENT/FELLOW MBR (23-24)
Trustee or director
0$0
PRUTHALI KULKARNI DORESIDENT/FELLOW MBR (24-25)
Trustee or director
0$0
KATHERINE RUSSELLMEDICAL STUDENT MBR (23-24)
Trustee or director
0$0
PARMINDER DEOMEDICAL STUDENT MBR (24-25)
Trustee or director
0$0

Address and contacts

Address (IRS master file)
401 W 15TH ST STE 100, AUSTIN, TX 78701-1680
Principal officer (990 for 2024)
MICHAEL DARROUZET, 401 WEST 15TH STREET 100, AUSTIN, TX 787011680
Signed the 990
MICHAEL DARROUZET, EVP/CEO
Phone
(512) 370-1490

Mission

THE PURPOSE OF THIS FUND IS TO LOAN MONEY TO QUALIFIED MEDICAL STUDENTS WHO ESTABLISH FINANCIAL NEED.

990 for the year ended December 31, 2024

Program accomplishments

  • THE FUND LOANS MONEY TO QUALIFIED MEDICAL STUDENTS WHO ESTABLISH FINANCIAL NEED. IN 2024, $232,0000 WAS LOANED TO 41 MEDICAL RESIDENTS AND MEDICAL STUDENTS.
    Expenses $172,043 · revenue $53,618

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 December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
23-7377962
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization (509(a)(3))
Donations deductible (Pub 78)
Supporting organization of unknown type
Exempt since
1974
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$4,660,202
Income (IRS master file)
$645,032

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024–––IRS
990December 2023$303,945$298,882$4,522,709IRS
990December 2022$162,795$273,800$4,349,225IRS
990December 2021–––IRS
990December 2020–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.

Questions about MAY OWEN IRREV TR

What is the EIN of MAY OWEN IRREV TR?
The employer identification number (EIN) of MAY OWEN IRREV TR is 23-7377962.
Is MAY OWEN IRREV TR tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1974.
Are donations to MAY OWEN IRREV TR tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
Which annual return does MAY OWEN IRREV TR 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 MAY OWEN IRREV TR 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 MAY OWEN IRREV TR last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of MAY OWEN IRREV TR?
The 990 for the year ended December 31, 2024 names MICHAEL DARROUZET.
Who are the officers and directors of MAY OWEN IRREV TR?
The 990 for the year ended December 31, 2024 lists 26 people; 0 received compensation from the organization.
How much revenue does MAY OWEN IRREV TR have?
On its 990 for the year ended December 31, 2024 it reported revenue of $321,920, expenses of $280,650 and total assets of $4,660,202 at year end.

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