Nonprofit · EIN 87-4066409
MIKE AND LYNN MAY FOUNDATION
Tax-exempt · WILMINGTON, DE 19806
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $72,019 | $48,992 | $23,027 | $873,777 | $0 | $873,777 |
| December 31, 2024 | 990-PF | $43,078 | $75,716 | -$32,638 | $850,750 | $0 | $850,750 |
| December 31, 2023 | 990-PF | $8,850 | $66,461 | -$57,611 | $883,388 | $0 | $883,388 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $25,379
- Net gain from sales of assets
- $46,640
Expenses
- Grants and similar amounts paid
- $42,000
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $42,000
- Excise tax on investment income
- $933
Balance sheet and other
- Total assets, start of year
- $850,750
- Total assets, end of year
- $873,777
- Total liabilities, end of year
- $0
- Net assets, end of year
- $873,777
- Fair market value of assets
- $1,074,683
- Qualifying distributions
- $42,000
- Net investment income
- $72,019
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 |
|---|---|---|---|
| MICHAEL MAY SR 1925 LOVERING AVE, WILMINGTON, DE 19806 | PRESIDENT | 1 | $0 |
| LYNN MAY 1925 LOVERING AVE, WILMINGTON, DE 19806 | SECRETARY | 1 | $0 |
| MICHAEL MAY JR 1925 LOVERING AVE, WILMINGTON, DE 19806 | DIRECTOR | 1 | $0 |
| LINDSAY MAY 1925 LOVERING AVE, WILMINGTON, DE 19806 | DIRECTOR | 1 | $0 |
| THOMAS LEWIS 1925 LOVERING AVE, WILMINGTON, DE 19806 | TREASURER | 1 | $0 |
990-PF for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL MAY SR 1925 LOVERING AVE, WILMINGTON, DE 19806 | PRESIDENT | 1 | $0 |
| LYNN MAY 1925 LOVERING AVE, WILMINGTON, DE 19806 | SECRETARY | 1 | $0 |
| MICHAEL MAY JR 1925 LOVERING AVE, WILMINGTON, DE 19806 | DIRECTOR | 1 | $0 |
| LINDSAY MAY 1925 LOVERING AVE, WILMINGTON, DE 19806 | DIRECTOR | 1 | $0 |
| THOMAS LEWIS 1925 LOVERING AVE, WILMINGTON, DE 19806 | TREASURER | 1 | $0 |
990-PF for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL MAY SR 7 BRAE RIDGE, AUBURN, NY 13021 | PRESIDENT | 1 | $0 |
| LYNN MAY 7 BRAE RIDGE, AUBURN, NY 13021 | SECRETARY | 1 | $0 |
| MICHAEL MAY JR 7 BRAE RIDGE, AUBURN, NY 13021 | DIRECTOR | 1 | $0 |
| LINDSAY MAY 7 BRAE RIDGE, AUBURN, NY 13021 | DIRECTOR | 1 | $0 |
| THOMAS LEWIS 19 MELROSE ROAD, AUBURN, NY 13021 | TREASURER | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1925 LOVERING AVE, WILMINGTON, DE 19806-2157
- Signed the 990-PF
- MICHAEL MAY SR, PRESIDENT
- Phone
- (315) 253-8435
- Return prepared by
- DERMODY BURKE & BROWN CPAS LLC
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
- 87-4066409
- 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
- 2023
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $873,777
- Income (IRS master file)
- $263,959
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $72,019 | $48,992 | $873,777 | XML |
| 990-PF | December 2024 | $43,078 | $75,716 | $850,750 | XML |
| 990-PF | December 2023 | $8,850 | $66,461 | $883,388 | XML |
| 990-PF | December 2021 | – | – | – | 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 87-4066409).
Questions about MIKE AND LYNN MAY FOUNDATION
- What is the EIN of MIKE AND LYNN MAY FOUNDATION?
- The employer identification number (EIN) of MIKE AND LYNN MAY FOUNDATION is 87-4066409.
- Is MIKE AND LYNN MAY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to MIKE AND LYNN MAY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does MIKE AND LYNN MAY FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of MIKE AND LYNN MAY FOUNDATION 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 MIKE AND LYNN MAY FOUNDATION 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 MIKE AND LYNN MAY FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does MIKE AND LYNN MAY FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $72,019, expenses of $48,992 and total assets of $873,777 at year end.
Other nonprofits in WILMINGTON
- SHELBY CULLOM DAVIS CHARITABLE FUND INC EIN 20-3734688 · last filed 990-PF for 2024
- FEIGIN FOUNDATION EIN 33-6443165 · last filed 990-PF for 2025
- SMILOW FOUNDATION INC EIN 92-1388481 · last filed 990-PF for 2024
- AMERICAN GIFT FUND EIN 51-6506426 · last filed 990 for 2024
- JOHN & TAMI MARICK FOUNDATION INC EIN 46-2345457 · last filed 990-PF for 2024
- ESSEX AVENUE FOUNDATION EIN 85-1891431 · last filed 990-PF for 2024
- THE GRATEFUL LIVES FOUNDATION EIN 32-6402383 · last filed 990 for 2024
- DELAWARE COMMUNITY FOUNDATION EIN 22-2804785 · last filed 990 for 2025
All nonprofits in WILMINGTON · Delaware · Philanthropy, voluntarism and grantmaking foundations