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Nonprofit · EIN 51-0571147

MIDWAY FOUNDATION INC

Tax-exempt · SAN DIEGO, CA 92101

Financials

$6.3M$625K2024
Revenue Expenses · by fiscal year end
Financials of MIDWAY FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$6,312,919$625,250$5,687,669$9,707,470$0$9,707,470
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$6,134,111
Program service revenue
$0
Investment income
$178,808
Net gain from sales of assets
$84,324
Other revenue
$0

Expenses

Grants and similar amounts paid
$625,250
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Program services (functional)
$625,250

Balance sheet and other

Total assets, start of year
$3,929,506
Total assets, end of year
$9,707,470
Total liabilities, end of year
$0
Net assets, end of year
$9,707,470
Publicly traded securities
$1,825,059
Net assets without donor restrictions
$193,486
Net assets with donor restrictions
$9,513,984
Gross receipts
$6,312,919
Employees
0
Volunteers
17
State of legal domicile
CA

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 / weekCompensation
BUFORD BUF ALEXANDERTreasurer
Trustee or director, Officer
1$0
JEFF BERGDirector
Trustee or director
1$0
JOHN JACK' R MCGRORYDirector
Trustee or director
1$0
L ROBERT PAYNEDirector
Trustee or director
1$0
DEDE W ALPERTDirector
Trustee or director
1$0
BEN CLAYChairman
Trustee or director
1$0
MALIN BURNHAMChair Emeritus
Trustee or director
1$0
PATTI ROSCOEDirector
Trustee or director
1$0
THOMAS SUDBERRY JRDirector
Trustee or director
1$0
CDR STACIE MCCARTHY USN RETSecretary
Trustee or director, Officer
1$0
KEITH B JONESDirector
Trustee or director
1$0
JOHN DRISCOLLDirector
Trustee or director
1$0
LAURA WHITE LUDVICKFmr President
Trustee or director, Officer
12$0
STEVEN KELLERDirector
Trustee or director
1$0
TERRY ATKINSONDirector
Trustee or director
1$0
2 more people on this return
NameTitleHours / weekCompensation
PATRICIA MCQUATER ESQDirector
Trustee or director
1$0
Terry KraftDirector
Trustee or director
1$0

Address and contacts

Address (IRS master file)
910 N HARBOR DR, SAN DIEGO, CA 92101-5811
In care of
% JOHN MCLAUGHLIN
Signed the 990
CYNTHIA BERTRAND, CFO
Phone
(619) 544-9600
Return prepared by
West Rhode & Roberts

Mission

To support education programs, organizations and initiatives that support Americas core values of service and sacrifice in the name of freedom.

990 for the year ended December 31, 2024

Program accomplishments

  • FUNDS HAVE BEEN GRANTED TO NONPROFIT BENEFIT ORGANIZATIONS THAT SUPPORT VETERANS, MILITARY FAMILIES AND FIRST RESPONDERS OPERATIONAL SAFETY
    Expenses $625,250 · grants $625,250

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
51-0571147
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2006
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B11)
Assets (IRS master file)
$9,707,470
Income (IRS master file)
$6,312,919

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024–––IRS
990December 2023$2,934,129$751,005$3,929,506IRS
990December 2022$761,622$640,103$1,526,948IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––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 MIDWAY FOUNDATION INC

What is the EIN of MIDWAY FOUNDATION INC?
The employer identification number (EIN) of MIDWAY FOUNDATION INC is 51-0571147.
Is MIDWAY FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
Are donations to MIDWAY FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MIDWAY FOUNDATION INC 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 MIDWAY FOUNDATION INC 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 MIDWAY FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who are the officers and directors of MIDWAY FOUNDATION INC?
The 990 for the year ended December 31, 2024 lists 17 people; 0 received compensation from the organization.
How much revenue does MIDWAY FOUNDATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $6,312,919, expenses of $625,250 and total assets of $9,707,470 at year end.

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