Nonprofit · EIN 71-1049010
MGM FOUNDATION INC
Tax-exempt · CONROE, TX 77384
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $37,488 | $25,196 | $12,292 | $1,026,340 | $0 | $1,026,340 |
| December 31, 2024 | 990-PF | $124,485 | $11,119 | $113,366 | $1,041,486 | $0 | $1,041,486 |
| December 31, 2023 | 990-PF | $21,230 | $7,851 | $13,379 | $891,500 | $0 | $891,500 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $28,786
- Interest
- $1
- Net gain from sales of assets
- $8,679
- Other income
- $22
Expenses
- Grants and similar amounts paid
- $10,000
- Disbursements for charitable purposes
- $10,000
- Excise tax on investment income
- $310
Balance sheet and other
- Total assets, start of year
- $1,041,486
- Total assets, end of year
- $1,026,340
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,026,340
- Fair market value of assets
- $1,026,340
- Qualifying distributions
- $10,000
- Net investment income
- $37,488
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kevin G Mims 2042 Pine Acres, Conroe, TX 77384 | Director | 2 | $0 |
| Robert G Mims 2042 Pine Acres, Conroe, TX 77384 | Director | 2 | $0 |
| Katherine Mims 2042 Pine Acres, Conroe, TX 77384 | Director | 20 | $0 |
990-PF for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kevin G Mims 2042 Pine Acres, Conroe, TX 77384 | Director | 2 | $0 |
| Robert G Mims 2042 Pine Acres, Conroe, TX 77384 | Director | 2 | $0 |
| Katherine Mims 2042 Pine Acres, Conroe, TX 77384 | Director | 20 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KEVIN G MIMS 2042 PINE ACRES, CONROE, TX 77384 | DIRECTOR | 2 | $0 |
| ROBERT G MIMS 2042 PINE ACRES, CONROE, TX 77384 | DIRECTOR | 2 | $0 |
| KATHERINE MIMS 2042 PINE ACRES, CONROE, TX 77384 | DIRECTOR | 20 | $0 |
Address and contacts
- Address (IRS master file)
- 2042 PINE ACRES DR, CONROE, TX 77384-4032
- In care of
- % KEVIN G MIMS
- Signed the 990-PF
- KEVIN G MIMS, Director
- Phone
- (979) 533-9017
- Return prepared by
- Samuel M Mytelka CPA PLLC
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 | 990-PF 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
- 71-1049010
- 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
- 2009
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $1,026,340
- Income (IRS master file)
- $223,864
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $37,488 | $25,196 | $1,026,340 | XML |
| 990-PF | December 2024 | $124,485 | $11,119 | $1,041,486 | IRS |
| 990-PF | December 2023 | $21,230 | $7,851 | $891,500 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | 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 71-1049010).
Questions about MGM FOUNDATION INC
- What is the EIN of MGM FOUNDATION INC?
- The employer identification number (EIN) of MGM FOUNDATION INC is 71-1049010.
- Is MGM FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
- Are donations to MGM FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does MGM FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of MGM FOUNDATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MGM FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of MGM FOUNDATION INC?
- The 990-PF for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does MGM FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $37,488, expenses of $25,196 and total assets of $1,026,340 at year end.
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All nonprofits in CONROE · Texas · Philanthropy, voluntarism and grantmaking foundations