Nonprofit · EIN 85-1290157
MICHAEL MCDERMOTT MEMORIAL FOUNDATION INC
Tax-exempt · SMITHTOWN, NY 11787
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $7,615 | $3,000 | $4,615 | $11,020 | – | $11,020 |
| December 31, 2024 | 990-EZ | $7,800 | $6,297 | $1,503 | $6,405 | – | $6,405 |
| December 31, 2023 | 990-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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THOMAS MCDERMOTT | DIRECTOR | 0 | $0 |
990-EZ for the year ended December 31, 2024: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THOMAS MCDERMOTT | DIRECTOR | 0 | $0 |
990-EZ for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THOMAS MCDERMOTT | DIRECTOR | 0 | $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
Program accomplishments
- PROVIDE FINANCIAL SUPPORT FOR STUDENTS
- HELP STUDENTS WITH GIVING SCHOLARSHIP MONEY TOWARDS COLLEGE AND TO NEEDY FAMILIES IN THE COMMUNITYExpenses $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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-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
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $7,615 | $3,000 | $11,020 | XML |
| 990-EZ | December 2024 | $7,800 | $6,297 | $6,405 | IRS |
| 990-EZ | December 2023 | $2,921 | $3,472 | $4,902 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 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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