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Nonprofit · EIN 85-1290157

MICHAEL MCDERMOTT MEMORIAL FOUNDATION INC

Tax-exempt · SMITHTOWN, NY 11787

Financials

$3K$3K2023$8K$6K2024$8K$3K2025
Revenue Expenses · by fiscal year end
Financials of MICHAEL MCDERMOTT MEMORIAL FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-EZ$7,615$3,000$4,615$11,020–$11,020
December 31, 2024990-EZ$7,800$6,297$1,503$6,405–$6,405
December 31, 2023990-EZ$2,921$3,472-$551$4,902–$4,902
Financial details: 990-EZ for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$7,609
Investment income
$6

Expenses

Compensation of officers, directors and key employees
$0
Other expenses
$3,000
Program services (functional)
$3,000

Balance sheet and other

Total assets, start of year
$6,405
Total assets, end of year
$11,020
Total liabilities, end of year
–
Net assets, end of year
$11,020
Cash, savings and investments
$11,020
Gross receipts
$7,615

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-EZ for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
THOMAS MCDERMOTTDIRECTOR0$0
990-EZ for the year ended December 31, 2024: 1 people
NameTitleHours / weekCompensation
THOMAS MCDERMOTTDIRECTOR0$0
990-EZ for the year ended December 31, 2023: 1 people
NameTitleHours / weekCompensation
THOMAS MCDERMOTTDIRECTOR0$0

Address and contacts

Address (IRS master file)
108 FIFTY ACRE RD S, SMITHTOWN, NY 11787-2035
Mailing address (990-N for 2020)
6 TRENT CT, SMITHTOWN NY 117871266
Principal officer (990-N for 2020)
THOMAS MCDERMOTT, 6 TRENT CT, SMITHTOWN NY 11787
Signed the 990-EZ
THOMAS MCDERMOTT, DIRECTOR
Phone
(631) 707-6414
Return prepared by
MAGGIO & MAGGIO

Mission

RAISE FUNDS FOR STUDENTS BOTH ACADEMIC AND ATHLETIC

990-EZ for the year ended December 31, 2025

Program accomplishments

  • PROVIDE FINANCIAL SUPPORT FOR STUDENTS
  • HELP STUDENTS WITH GIVING SCHOLARSHIP MONEY TOWARDS COLLEGE AND TO NEEDY FAMILIES IN THE COMMUNITY
    Expenses $3,000

What it must file and when

IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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, 2026990-EZ on file
2024December 31, 2024May 15, 2025990-EZ on file
2023December 31, 2023May 15, 2024990-EZ on file

IRS record

EIN
85-1290157
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
2020
Accounting year ends
December
Files
Form 990-N (e-Postcard)
Category (NTEE)
Education (B12)
Assets (IRS master file)
$11,020
Income (IRS master file)
$7,615

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2025$7,615$3,000$11,020XML
990-EZDecember 2024$7,800$6,297$6,405IRS
990-EZDecember 2023$2,921$3,472$4,902XML
990-EZDecember 2022–––IRS
990-EZDecember 2021–––IRS
990-N for 2020
Officer: THOMAS MCDERMOTT
December 31, 2020≤ $50,000 receipts––e-Postcard

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 85-1290157).

Questions about MICHAEL MCDERMOTT MEMORIAL FOUNDATION INC

What is the EIN of MICHAEL MCDERMOTT MEMORIAL FOUNDATION INC?
The employer identification number (EIN) of MICHAEL MCDERMOTT MEMORIAL FOUNDATION INC is 85-1290157.
Is MICHAEL MCDERMOTT MEMORIAL FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
Are donations to MICHAEL MCDERMOTT MEMORIAL FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MICHAEL MCDERMOTT MEMORIAL FOUNDATION INC file?
Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
When is the next return of MICHAEL MCDERMOTT MEMORIAL 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 MICHAEL MCDERMOTT MEMORIAL FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
Who is the principal officer of MICHAEL MCDERMOTT MEMORIAL FOUNDATION INC?
The 990-N for 2020 names THOMAS MCDERMOTT.
Who are the officers and directors of MICHAEL MCDERMOTT MEMORIAL FOUNDATION INC?
The 990-EZ for the year ended December 31, 2025 lists 1 person; 0 received compensation from the organization.
How much revenue does MICHAEL MCDERMOTT MEMORIAL FOUNDATION INC have?
On its 990-EZ for the year ended December 31, 2025 it reported revenue of $7,615, expenses of $3,000 and total assets of $11,020 at year end.

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