M Lazy M Foundation

Salt Lake Cty, UT
Tax-exempt since Aug. 2007
EIN: 20-5513725

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$103k (2024)

Expenses

$148k (2024)

Total Assets

$1.34M (2024)

Total Liabilities

$0 (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Revenue

$102,992

Expenses

$148,387

Net Income

-$45,395

Net Assets

$1,343,510

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$5,522	5.4%
Interest Revenue	$1,267	1.2%
Dividends	$24,298	23.6%
Sales of Assets	$71,905	69.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$125,000	84.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,343,510
Total Liabilities	$0
Net Assets	$1,343,510

Compensation

Key Employees and Officers	Compensation	Other
Michael Ferro (President)	$0	$0
Muffy Mead (Sec/Treasurer)	$0	$0

990-PF

Filed on Nov. 17, 2025

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2023

Revenue

$150,089

Expenses

$124,367

Net Income

$25,722

Net Assets

$1,388,905

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$4,217	2.8%
Interest Revenue	$2,101	1.4%
Dividends	$16,651	11.1%
Sales of Assets	$127,120	84.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$105,100	84.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,388,905
Total Liabilities	$0
Net Assets	$1,388,905

Compensation

Key Employees and Officers	Compensation	Other
Michael Ferro (President)	$0	$0
Muffy Mead (Sec/Treasurer)	$0	$0

990-PF

Filed on Nov. 18, 2024

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$72,790

Expenses

$133,551

Net Income

-$60,761

Net Assets

$1,363,183

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$4,535	6.2%
Interest Revenue	$928	1.3%
Dividends	$18,147	24.9%
Sales of Assets	$49,180	67.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$0
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,363,183
Total Liabilities	$0
Net Assets	$1,363,183

Compensation

Key Employees and Officers	Compensation	Other
Michael Ferro (President)	$0	$0
Muffy Ferro (Sec/Treasurer)	$0	$0

990-PF

Filed on Oct. 25, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2021

Revenue

$80,397

Expenses

$132,911

Net Income

-$52,514

Net Assets

$1,423,944

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$4,021	5.0%
Interest Revenue	$874	1.1%
Dividends	$18,530	23.0%
Sales of Assets	$56,972	70.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$0
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,423,944
Total Liabilities	$0
Net Assets	$1,423,944

Compensation

Key Employees and Officers	Compensation	Other
Michael Ferro (President)	$0	$0
Muffy Ferro (Sec/Treasurer)	$0	$0

990-PF

Filed on Nov. 15, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2020

Revenue

-$28,559

Expenses

$114,351

Net Income

-$142,910

Net Assets

$1,476,457

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$5,767
Interest Revenue	$3,313
Dividends	$19,146
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$95,000	83.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,476,458
Total Liabilities	$1
Net Assets	$1,476,457

Compensation

Key Employees and Officers	Compensation	Other
Michael Ferro (President)	$0	$0
Muffy Ferro (Sec/Treasurer)	$0	$0

990-PF

Filed on June 9, 2021

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Dec.
2019

Revenue

$181,141

Expenses

$102,159

Net Income

$78,982

Net Assets

$1,619,367

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$5,226	2.9%
Interest Revenue	$0
Dividends	$31,099	17.2%
Sales of Assets	$144,816	79.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$0
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,619,368
Total Liabilities	$1
Net Assets	$1,619,367

Compensation

Key Employees and Officers	Compensation	Other
Michael Ferro (President)	$0	$0
Muffy Ferro (Sec/Treasurer)	$0	$0

990-PF

Filed on Nov. 6, 2020

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Dec.
2018

Revenue

$80,983

Expenses

$97,084

Net Income

-$16,101

Net Assets

$1,540,386

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$3,138	3.9%
Interest Revenue	$0
Dividends	$54,225	67.0%
Sales of Assets	$22,314	27.6%
Other Income	$1,306	1.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$0
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,540,386
Total Liabilities	$0
Net Assets	$1,540,386

Compensation

Key Employees and Officers	Compensation	Other
Michael Ferro (President)	$0	$0
Muffy Ferro (Sec/Treasurer)	$0	$0

990-PF

Filed on Aug. 13, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2017

Revenue

$74,728

Expenses

$90,471

Net Income

-$15,743

Net Assets

$1,556,487

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$3,000	4.0%
Interest Revenue	$9	0.0%
Dividends	$58,687	78.5%
Sales of Assets	$10,387	13.9%
Other Income	$2,645	3.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$87,000	96.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,556,487
Total Liabilities	$0
Net Assets	$1,556,487

Compensation

Key Employees and Officers	Compensation	Other
Michael Ferro (President)	$0	$0
Muffy Ferro (Sec/Treasurer)	$0	$0

990-PF

Filed on Nov. 13, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2016

Revenue

$54,996

Expenses

$90,010

Net Income

-$35,014

Net Assets

$1,572,230

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$5,021	9.1%
Interest Revenue	$14	0.0%
Dividends	$45,445	82.6%
Sales of Assets	$1,973	3.6%
Other Income	$2,543	4.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$84,500	93.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,572,230
Total Liabilities	$0
Net Assets	$1,572,230

Compensation

Key Employees and Officers	Compensation	Other
Michael Ferro (President)	$0	$0
Muffy Ferro (Sec/Treasurer)	$0	$0

990-PF

Filed on Nov. 1, 2017

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2015

Revenue

$163,582

Expenses

$98,808

Net Income

$64,774

Net Assets

$1,607,244

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$5,594	3.4%
Interest Revenue	$7	0.0%
Dividends	$64,118	39.2%
Sales of Assets	$89,830	54.9%
Other Income	$4,033	2.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$92,500	93.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,607,244
Total Liabilities	$0
Net Assets	$1,607,244

Compensation

Key Employees and Officers	Compensation	Other
Michael Ferro (President)	$0	$0
Muffy Ferro (Sec/Treasurer)	$0	$0

990-PF

Filed on May 24, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2014

Revenue

$92,635

Expenses

$85,385

Net Income

$7,250

Net Assets

$1,542,470

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$2,993	3.2%
Interest Revenue	$13	0.0%
Dividends	$56,874	61.4%
Sales of Assets	$24,672	26.6%
Other Income	$8,083	8.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$82,000	96.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,542,470
Total Liabilities	$0
Net Assets	$1,542,470

Compensation

Key Employees and Officers	Compensation	Other
Michael Ferro (President)	$0	$0
Muffy Ferro (Sec/Treasurer)	$0	$0

990-PF

Filed on Nov. 16, 2015

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2013

Revenue

$165,399

Expenses

$93,396

Net Income

$72,003

Net Assets

$1,535,220

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$14,550	8.8%
Interest Revenue	$15	0.0%
Dividends	$47,344	28.6%
Sales of Assets	$104,836	63.4%
Other Income	-$1,346

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$86,000	92.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,535,220
Total Liabilities	$0
Net Assets	$1,535,220

Compensation

Key Employees and Officers	Compensation	Other
Michael Ferro (President)	$0	$0
Muffy Ferro (Sec/Treasurer)	$0	$0

990-PF

Filed on Nov. 14, 2014

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2012

Revenue

$96,707

Expenses

$77,575

Net Income

$19,132

Net Assets

$1,463,216

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$675	0.7%
Interest Revenue	$10	0.0%
Dividends	$40,060	41.4%
Sales of Assets	$69,917	72.3%
Other Income	-$13,955

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$76,000	98.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,463,217
Total Liabilities	$1
Net Assets	$1,463,216

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$581,393

Expenses

$82,315

Net Income

$499,078

Net Assets

$1,444,084

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$501,422	86.2%
Interest Revenue	$0
Dividends	$29,103	5.0%
Sales of Assets	$50,868	8.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$65,500	79.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,444,085
Total Liabilities	$1
Net Assets	$1,444,084

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

PDF (2 of 2)

About This Data

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Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

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Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

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M Lazy M Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $103k (2024)

Expenses $148k (2024)

Total Assets $1.34M (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

Revenue

$103k (2024)

Expenses

$148k (2024)

Total Assets

$1.34M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006