Michael W Mccarthy Foundation Inc

Hauppauge, NY
Tax-exempt since Oct. 2007
EIN: 26-0675307

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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 Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$722k (2024)

Expenses

$572k (2024)

Total Assets

$5.97M (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

$722,089

Expenses

$571,710

Net Income

$150,379

Net Assets

$5,973,866

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$158,514	22.0%
Sales of Assets	$555,059	76.9%
Other Income	$8,516	1.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$327,352	57.3%
Compensation of Officers*	$271,000	47.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,973,866
Total Liabilities	$0
Net Assets	$5,973,866

Compensation

Key Employees and Officers	Compensation	Other
Patrick C Mc Carthy (President)	$0	$0
Giovanna Mc Carthy (Vice President)	$0	$0

990-PF

Filed on Nov. 11, 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

$331,130

Expenses

$528,574

Net Income

-$197,444

Net Assets

$5,823,487

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$147,148	44.4%
Sales of Assets	$182,670	55.2%
Other Income	$1,312	0.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$290,093	54.9%
Compensation of Officers*	$286,000	54.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,823,901
Total Liabilities	$414
Net Assets	$5,823,487

Compensation

Key Employees and Officers	Compensation	Other
Patrick C Mc Carthy (President)	$0	$0
Giovanna Mc Carthy (Vice President)	$0	$0

990-PF

Filed on Oct. 31, 2024

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$288,651

Expenses

$546,503

Net Income

-$257,852

Net Assets

$6,020,931

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$139,560	48.3%
Sales of Assets	$104,034	36.0%
Other Income	$45,057	15.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$306,250	56.0%
Compensation of Officers*	$289,000	52.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,021,345
Total Liabilities	$414
Net Assets	$6,020,931

Compensation

Key Employees and Officers	Compensation	Other
Patrick C Mc Carthy (President)	$187,000	$5,490
Giovanna Mc Carthy (Vice President)	$102,000	$3,060

990-PF

Filed on Nov. 13, 2023

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

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2021

Revenue

$751,027

Expenses

$620,198

Net Income

$130,829

Net Assets

$6,278,783

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$173,856	23.1%
Sales of Assets	$484,344	64.5%
Other Income	$92,827	12.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$359,600	58.0%
Compensation of Officers*	$294,326	47.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,317,520
Total Liabilities	$38,737
Net Assets	$6,278,783

Compensation

Key Employees and Officers	Compensation	Other
Patrick C Mc Carthy (President)	$198,330	$3,412
Giovanna Mc Carthy (Vice President)	$95,997	$1,785

990-PF

Filed on May 13, 2022

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

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2020

Revenue

$107,739

Expenses

$437,744

Net Income

-$330,005

Net Assets

$6,147,954

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$153,717	> 100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$230,845	52.7%
Compensation of Officers*	$232,800	53.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,189,041
Total Liabilities	$41,087
Net Assets	$6,147,954

Compensation

Key Employees and Officers	Compensation	Other
Patrick C Mc Carthy (President)	$160,800	$0
Giovanna Mc Carthy (Vice President)	$72,000	$0

990-PF

Filed on May 12, 2021

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

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Schedules ▼

XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2019

Revenue

$479,824

Expenses

$581,909

Net Income

-$102,085

Net Assets

$6,481,945

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$179,245	37.4%
Sales of Assets	$151,829	31.6%
Other Income	$148,750	31.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$378,076	65.0%
Compensation of Officers*	$259,800	44.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,481,946
Total Liabilities	$1
Net Assets	$6,481,945

Compensation

Key Employees and Officers	Compensation	Other
Patrick C Mccarthy (Foundation Mana)	$187,800	$0
Giovanna Mccarthy (Foundation Mana)	$72,000	$0

990-PF

Filed on April 27, 2020

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

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2018

Revenue

$515,475

Expenses

$601,586

Net Income

-$86,111

Net Assets

$6,546,824

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$199,610	38.7%
Sales of Assets	$104,955	20.4%
Other Income	$210,910	40.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$461,685	76.7%
Compensation of Officers*	$252,300	41.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,546,824
Total Liabilities	$0
Net Assets	$6,546,824

Compensation

Key Employees and Officers	Compensation	Other
Patrick C Mccarthy (Foundation Mana)	$174,300	$0
Giovanna Mccarthy (Foundation Mana)	$78,000	$0

990-PF

Filed on May 9, 2019

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

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2017

Revenue

$531,212

Expenses

$754,464

Net Income

-$223,252

Net Assets

$6,591,868

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$216,998	40.8%
Sales of Assets	$23,035	4.3%
Other Income	$291,179	54.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$584,387	77.5%
Compensation of Officers*	$230,800	30.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,591,868
Total Liabilities	$0
Net Assets	$6,591,868

Compensation

Key Employees and Officers	Compensation	Other
Patrick C Mccarthy (Foundation Mana)	$158,800	$0
Giovanna Mccarthy (Foundation Mana)	$72,000	$0

990-PF

Filed on May 14, 2018

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

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2016

Revenue

$314,567

Expenses

$750,524

Net Income

-$435,957

Net Assets

$6,820,002

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$185,929	59.1%
Sales of Assets	$50,758	16.1%
Other Income	$77,880	24.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$546,246	72.8%
Compensation of Officers*	$279,687	37.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,820,067
Total Liabilities	$65
Net Assets	$6,820,002

Compensation

Key Employees and Officers	Compensation	Other
Patrick C Mccarthy (Foundation Mana)	$212,045	$0
Giovanna Mccarthy (Foundation Mana)	$67,642	$0

990-PF

Filed on May 15, 2017

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

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2015

Revenue

$430,817

Expenses

$862,986

Net Income

-$432,169

Net Assets

$7,217,251

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$201,190	46.7%
Sales of Assets	$75,256	17.5%
Other Income	$154,371	35.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$594,161	68.8%
Compensation of Officers*	$307,156	35.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$7,217,251
Total Liabilities	$0
Net Assets	$7,217,251

Compensation

Key Employees and Officers	Compensation	Other
Patrick C Mccarthy (Foundation Mana)	$243,196	$0
Giovanna Mccarthy (Foundation Mana)	$63,960	$0

990-PF

Filed on June 17, 2016

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

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2014

Revenue

$594,785

Expenses

$918,575

Net Income

-$323,790

Net Assets

$7,606,088

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$261,374	43.9%
Sales of Assets	$230,896	38.8%
Other Income	$102,515	17.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$655,947	71.4%
Compensation of Officers*	$226,000	24.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$7,606,088
Total Liabilities	$0
Net Assets	$7,606,088

Compensation

Key Employees and Officers	Compensation	Other
Patrick C Mccarthy (Foundation Mana)	$174,000	$0
Giovanna Mccarthy (Foundation Mana)	$52,000	$0

990-PF

Filed on July 7, 2015

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

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2013

Revenue

$386,914

Expenses

$851,392

Net Income

-$464,478

Net Assets

$7,852,495

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$208,036	53.8%
Sales of Assets	$80,042	20.7%
Other Income	$98,836	25.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$696,914	81.9%
Compensation of Officers*	$166,000	19.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$7,852,495
Total Liabilities	$0
Net Assets	$7,852,495

990-PF

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

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2012

Revenue

$492,556

Expenses

$686,801

Net Income

-$194,245

Net Assets

$8,316,973

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$240,641	48.9%
Sales of Assets	$161,674	32.8%
Other Income	$90,241	18.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$561,985	81.8%
Compensation of Officers*	$148,000	21.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$8,316,973
Total Liabilities	$0
Net Assets	$8,316,973

990-PF

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

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2011

Revenue

$323,466

Expenses

$607,632

Net Income

-$284,166

Net Assets

$8,515,804

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$272,353	84.2%
Sales of Assets	$0
Other Income	$62,739	19.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$460,094	75.7%
Compensation of Officers*	$144,000	23.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$8,515,804
Total Liabilities	$0
Net Assets	$8,515,804

990-PF

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

PDF

Fiscal Year Ending Dec.
2010

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

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

PDF

Fiscal Year Ending Dec.
2009

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

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

PDF

Fiscal Year Ending Dec.
2008

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

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

PDF

PDF (2 of 2)

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

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

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Updated January 26, 2026

Michael W Mccarthy Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $722k (2024)

Expenses $572k (2024)

Total Assets $5.97M (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

990-T

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Revenue

$722k (2024)

Expenses

$572k (2024)

Total Assets

$5.97M (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