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Nonprofiteer
← THE MARY KAY FOUNDATION

Form 990 for tax year 2023

Filed by THE MARY KAY FOUNDATION.

Totals

Total revenue
$3,423,304
Total expenses
$3,800,870
Contributions and grants received
$3,172,936
Grants paid
$3,355,018
Program service revenue
$0
Investment income
$415,498
Other revenue
-$165,130
Total assets, end of year
$15,376,735
Total liabilities, end of year
$43,221
Net assets or fund balances, end of year
$15,333,514
Program services expenses (Part IX)
$3,355,018
Management and general expenses
$240,646
Fundraising expenses
$205,206
Program service expenses (Part III)
$3,355,018

Program services were 88.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $667,475

  • 1d · Related organizations

    $1,493,712

  • 1f · All other contributions, gifts and grants

    $1,011,749

  • 1g · Noncash contributions included above

    $139,431

  • 3 · Investment income

    total $415,498 · excluded $415,498

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $667,475

  • 8b · Fundraising events: direct expenses

    $165,130

  • 8c · Net income from fundraising events

    total -$165,130 · excluded -$165,130

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,355,018 · program services $3,355,018

  • 11c · Fees: accounting

    total $17,223 · management and general $17,223

  • 11f · Fees: investment management

    total $72,908 · management and general $72,908

  • 11g · Fees: other

    total $11,370 · fundraising $11,370

  • 13 · Office expenses

    total $91,030 · management and general $1,906 · fundraising $89,124

  • 14 · Information technology

    total $99,312 · management and general $99,312

  • 19 · Conferences, conventions and meetings

    total $104,712 · fundraising $104,712

  • 23 · Insurance

    total $3,624 · management and general $3,624

  • 24a · Other expenses: BANK FEES

    total $45,673 · management and general $45,673

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $254,155 · end of year $168,141

  • 2 · Savings and temporary cash investments

    beginning of year $4,969,341 · end of year $4,250,638

  • 3 · Pledges and grants receivable

    beginning of year $35,444 · end of year $35,243

  • 8 · Inventories for sale or use

    beginning of year $104,712

  • 9 · Prepaid expenses and deferred charges

    beginning of year $72,028 · end of year $65,756

  • 11 · Investments: publicly traded securities

    beginning of year $9,499,373 · end of year $10,856,957

  • 17 · Accounts payable and accrued expenses

    beginning of year $119,725 · end of year $2,721

  • 19 · Deferred revenue

    beginning of year $57,250 · end of year $40,500

  • 27 · Net assets without donor restrictions

    beginning of year $14,758,078 · end of year $15,333,514

Mission and programs · 2023

Mission

PROVIDE SUPPORT FOR IRC SEC 501(C)(3) ORGANIZATIONS INVOLVED IN RAISING AND DISTRIBUTING FUNDS TO INVEST IN BREAKTHROUGH CANCER RESEARCH AND CLINICAL TRIALS TO FIND A CURE FOR WOMEN-RELATED CANCERS AND ENDING DOMESTIC VIOLENCE.

  • THE MARY KAY FOUNDATION PROVIDED GRANTS IN THE AMOUNT OF $3,355,018 TO SUPPORT IRC SEC 501(C)(3) ORGANIZATIONS INVOLVED IN RAISING AND DISTRIBUTING FUNDS TO INVEST IN BREAKTHROUGH CANCER RESEARCH AND CLINICAL TRIALS TO FIND A CURE FOR WOMEN-RELATED CANCERS AND ENDING DOMESTIC VIOLENCE.

    Expenses $3,355,018 · Grants $3,355,018

As filed on the 2023 return.

Listed in Part VII

  • Anne Crews

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jessica Bair

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nathan Moore

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Cheryl Monroe

    SECRETARY/DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kris Johnson

    TREASURER/DIRECT

    Total calculated
    $0
    Hours/week
    1

  • Ryan Rogers

    VICE PRESIDENT/DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael Lunceford

    PRESIDENT/DIRECTOR

    Total calculated
    $0
    Hours/week
    8

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • MARY KAY INC

    C · DIRECT SALES · TX

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202403209349323595

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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