Mfi Foundation

Austin, TX
Tax-exempt since Nov. 1998
EIN: 74-2882442

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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

$1.59M (2024)

Expenses

$1.76M (2024)

Total Assets

$29.5M (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

$1,592,380

Expenses

$1,764,361

Net Income

-$171,981

Net Assets

$29,543,094

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$469,633	29.5%
Sales of Assets	$1,151,740	72.3%
Other Income	-$28,993

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,544,889	87.6%
Compensation of Officers*	$147,134	8.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$29,543,094
Total Liabilities	$0
Net Assets	$29,543,094

Compensation

Key Employees and Officers	Compensation	Other
Kathryn M Andrade (Director)	$147,134	$0
Thomas J Meredith (Director)	$0	$0
Lynn M Meredith (Director)	$0	$0
William B Meredith (Director)	$0	$0
Sarah M Wells (Director)	$0	$0
Abigail M Armistead (Director)	$0	$0

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990-PF

Filed on Nov. 14, 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

$1,714,215

Expenses

$1,531,798

Net Income

$182,417

Net Assets

$28,464,691

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$519,271	30.3%
Sales of Assets	$1,229,388	71.7%
Other Income	-$34,444

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,324,516	86.5%
Compensation of Officers*	$95,911	6.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$28,468,573
Total Liabilities	$3,882
Net Assets	$28,464,691

Compensation

Key Employees and Officers	Compensation	Other
Kathryn M Andrade (Director)	$95,550	$0
Abigail M Armistead (Director)	$361	$0
Thomas J Meredith (Director)	$0	$0
Lynn M Meredith (Director)	$0	$0
William B Meredith (Director)	$0	$0
Sarah M Wells (Director)	$0	$0

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990-PF

Filed on Nov. 12, 2024

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

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XML

Fiscal Year Ending Dec.
2022

Revenue

$1,659,292

Expenses

$1,201,371

Net Income

$457,921

Net Assets

$26,154,415

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$458,774	27.6%
Sales of Assets	$1,215,933	73.3%
Other Income	-$15,415

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$984,629	82.0%
Compensation of Officers*	$15,697	1.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$26,154,415
Total Liabilities	$0
Net Assets	$26,154,415

Compensation

Key Employees and Officers	Compensation	Other
Kathryn M Andrade (Director)	$15,697	$0
Thomas J Meredith (Director)	$0	$0
Lynn M Meredith (Director)	$0	$0
William B Meredith (Director)	$0	$0
Sarah M Wells (Director)	$0	$0
Abigail M Armistead (Director)	$0	$0

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990-PF

Filed on Nov. 9, 2023

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

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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

$1,753,718

Expenses

$1,283,465

Net Income

$470,253

Net Assets

$29,084,970

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$250,000	14.3%
Interest Revenue	$0
Dividends	$446,986	25.5%
Sales of Assets	$1,084,259	61.8%
Other Income	-$27,527

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,024,320	79.8%
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	$29,084,970
Total Liabilities	$0
Net Assets	$29,084,970

Compensation

Key Employees and Officers	Compensation	Other
Thomas J Meredith (Director)	$0	$0
Lynn M Meredith (Director)	$0	$0
William B Meredith (Director)	$0	$0
Katherine M Andrade (Director)	$0	$0
Sarah M Wells (Director)	$0	$0
Abigail M Armistead (Director)	$0	$0

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990-PF

Filed on Nov. 10, 2022

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

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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

$694,215

Expenses

$849,921

Net Income

-$155,706

Net Assets

$25,716,397

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$349,441	50.3%
Sales of Assets	$377,816	54.4%
Other Income	-$33,042

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$655,435	77.1%
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	$25,716,398
Total Liabilities	$1
Net Assets	$25,716,397

Compensation

Key Employees and Officers	Compensation	Other
Thomas J Meredith (Director)	$0	$0
Lynn M Meredith (Director)	$0	$0
William B Meredith (Director)	$0	$0
Katherine M Andrade (Director)	$0	$0
Sarah M Wells (Director)	$0	$0
Abigail Meredith (Director)	$0	$0

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990-PF

Filed on Nov. 15, 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

$1,088,561

Expenses

$982,882

Net Income

$105,679

Net Assets

$23,585,291

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$415,137	38.1%
Sales of Assets	$489,729	45.0%
Other Income	$183,695	16.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$829,328	84.4%
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	$23,585,292
Total Liabilities	$1
Net Assets	$23,585,291

Compensation

Key Employees and Officers	Compensation	Other
Thomas J Meredith (Director)	$0	$0
Lynn M Meredith (Director)	$0	$0
William B Meredith (Director)	$0	$0
Katherine M Andrade (Director)	$0	$0
Sarah M Wells (Director)	$0	$0
Abigail Meredith (Director)	$0	$0

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990-PF

Filed on Nov. 16, 2020

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

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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

$1,458,274

Expenses

$1,320,358

Net Income

$137,916

Net Assets

$21,360,389

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$428,573	29.4%
Sales of Assets	$675,464	46.3%
Other Income	$354,237	24.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,170,823	88.7%
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	$21,360,389
Total Liabilities	$0
Net Assets	$21,360,389

Compensation

Key Employees and Officers	Compensation	Other
Thomas J Meredith (Director)	$0	$0
Lynn M Meredith (Director)	$0	$0
William B Meredith (Director)	$0	$0
Katherine M Andrade (Director)	$0	$0

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990-PF

Filed on Nov. 14, 2019

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

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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

$863,401

Expenses

$1,383,927

Net Income

-$520,526

Net Assets

$22,582,390

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$332,343	38.5%
Sales of Assets	$438,994	50.8%
Other Income	$92,064	10.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,260,554	91.1%
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	$22,582,390
Total Liabilities	$0
Net Assets	$22,582,390

Compensation

Key Employees and Officers	Compensation	Other
Thomas J Meredith (Director)	$0	$0
Lynn M Meredith (Director)	$0	$0
William B Meredith (Director)	$0	$0
Katherine M Andrade (Director)	$0	$0

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990-PF

Filed on Nov. 14, 2018

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

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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

$321,352

Expenses

$1,504,831

Net Income

-$1,183,479

Net Assets

$18,139,005

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$342,620	> 100%
Sales of Assets	-$128,404
Other Income	$107,136	33.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,367,641	90.9%
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	$18,139,005
Total Liabilities	$0
Net Assets	$18,139,005

Compensation

Key Employees and Officers	Compensation	Other
Thomas J Meredith (Director)	$0	$0
Lynn M Meredith (Director)	$0	$0
William B Meredith (Director)	$0	$0
Katherine M Andrade (Director)	$0	$0

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990-PF

Filed on Nov. 14, 2017

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

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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

$2,952,939

Expenses

$1,467,165

Net Income

$1,485,774

Net Assets

$19,178,904

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$328,666	11.1%
Sales of Assets	$2,490,822	84.4%
Other Income	$133,451	4.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,333,762	90.9%
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	$19,178,904
Total Liabilities	$0
Net Assets	$19,178,904

Compensation

Key Employees and Officers	Compensation	Other
Thomas J Meredith (Director)	$0	$0
Lynn M Meredith (Director)	$0	$0
William B Meredith (Director)	$0	$0
Katherine M Andrade (Director)	$0	$0

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990-PF

Filed on Nov. 14, 2016

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

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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

$469,195

Expenses

$1,618,931

Net Income

-$1,149,736

Net Assets

$17,388,217

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$218,019	46.5%
Sales of Assets	$214,503	45.7%
Other Income	$36,673	7.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,477,901	91.3%
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	$17,388,217
Total Liabilities	$0
Net Assets	$17,388,217

Compensation

Key Employees and Officers	Compensation	Other
Thomas J Meredith (Director)	$0	$0
Lynn M Meredith (Director)	$0	$0
William B Meredith (Director)	$0	$0
Katherine M Andrade (Director)	$0	$0

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990-PF

Filed on Nov. 13, 2015

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

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990-T

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

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Fiscal Year Ending Dec.
2013

Revenue

$1,417,456

Expenses

$1,531,959

Net Income

-$114,503

Net Assets

$17,758,008

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$150,857	10.6%
Sales of Assets	$724,208	51.1%
Other Income	$542,391	38.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,356,314	88.5%
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	$17,758,008
Total Liabilities	$0
Net Assets	$17,758,008

Compensation

Key Employees and Officers	Compensation	Other
Thomas J Meredith (Director)	$0	$0
Lynn M Meredith (Director)	$0	$0
Scott M Mullen (Director)	$0	$0

990-PF

Filed on Nov. 17, 2014

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

View Filing

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PDF XML

990-T

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

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Fiscal Year Ending Dec.
2012

Revenue

$1,524,946

Expenses

$1,689,228

Net Income

-$164,282

Net Assets

$18,212,314

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$327,971	21.5%
Sales of Assets	$1,196,900	78.5%
Other Income	$75	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,562,213	92.5%
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	$18,212,314
Total Liabilities	$0
Net Assets	$18,212,314

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

$979,461

Expenses

$1,537,605

Net Income

-$558,144

Net Assets

$18,528,299

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$80,000	8.2%
Interest Revenue	$0
Dividends	$341,538	34.9%
Sales of Assets	$532,020	54.3%
Other Income	$25,903	2.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,337,845	87.0%
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	$18,528,299
Total Liabilities	$0
Net Assets	$18,528,299

990-PF

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

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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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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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Mfi Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $1.59M (2024)

Expenses $1.76M (2024)

Total Assets $29.5M (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

$1.59M (2024)

Expenses

$1.76M (2024)

Total Assets

$29.5M (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

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003

Fiscal Year Ending Dec.
2002

Fiscal Year Ending Dec.
2001