Mays Foundation

Amarillo, TX
Tax-exempt since Sept. 1965
EIN: 75-1213346

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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.

Donations to this organization are tax deductible.

Revenue

$494k (2024)

Expenses

$566k (2024)

Total Assets

$5.61M (2024)

Total Liabilities

$6.45k (2024)

Source: Form 990 tax filings from 2012 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 July
2024

Revenue

$494,254

Expenses

$565,628

Net Income

-$71,374

Net Assets

$5,600,931

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$5,019	1.0%
Interest Revenue	$131,019	26.5%
Dividends	$0
Sales of Assets	$0
Other Income	$192,714	39.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$353,275	62.5%
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	$5,607,381
Total Liabilities	$6,450
Net Assets	$5,600,931

Compensation

Key Employees and Officers	Compensation	Other
Karra Hill (Vice President)	$0	$0
Stacy Sharp (President)	$0	$0
Randy Sharp (Sec/Treas)	$0	$0

990-PF

Filed on Dec. 4, 2024

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

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Fiscal Year Ending July
2023

Revenue

$575,705

Expenses

$652,413

Net Income

-$76,708

Net Assets

$5,672,305

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$4,837	0.8%
Interest Revenue	$122,820	21.3%
Dividends	$0
Sales of Assets	$0
Other Income	$280,683	48.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$406,350	62.3%
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	$5,695,798
Total Liabilities	$23,493
Net Assets	$5,672,305

Compensation

Key Employees and Officers	Compensation	Other
Karra Hill (Vice President)	$0	$0
Stacy Sharp (President)	$0	$0
Randy Sharp (Sec/Treas)	$0	$0

990-PF

Filed on Dec. 6, 2023

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 July
2022

Revenue

$483,023

Expenses

$588,834

Net Income

-$105,811

Net Assets

$5,749,315

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$4,686	1.0%
Interest Revenue	$144,908	30.0%
Dividends	$0
Sales of Assets	$57,416	11.9%
Other Income	$138,936	28.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$397,942	67.6%
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	$5,756,293
Total Liabilities	$6,978
Net Assets	$5,749,315

Compensation

Key Employees and Officers	Compensation	Other
Karra Hill (Vice President)	$0	$0
Stacy Sharp (President)	$0	$0
Randy Sharp (Sec/Treas)	$0	$0

990-PF

Filed on Dec. 14, 2022

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 July
2021

Revenue

$497,791

Expenses

$592,594

Net Income

-$94,803

Net Assets

$5,855,126

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$4,523	0.9%
Interest Revenue	$145,827	29.3%
Dividends	$0
Sales of Assets	$0
Other Income	$222,673	44.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$392,940	66.3%
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	$5,862,124
Total Liabilities	$6,998
Net Assets	$5,855,126

Compensation

Key Employees and Officers	Compensation	Other
Karra Hill (Vice President)	$0	$0
Stacy Sharp (President)	$0	$0
Randy Sharp (Sec/Treas)	$0	$0

990-PF

Filed on Dec. 13, 2021

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

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Fiscal Year Ending July
2020

Revenue

$519,688

Expenses

$498,101

Net Income

$21,587

Net Assets

$5,949,929

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$4,529	0.9%
Interest Revenue	$156,688	30.2%
Dividends	$0
Sales of Assets	$0
Other Income	$220,419	42.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$286,524	57.5%
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	$5,973,965
Total Liabilities	$24,036
Net Assets	$5,949,929

Compensation

Key Employees and Officers	Compensation	Other
Karra Hill (Vice President)	$0	$0
Stacy Sharp (President)	$0	$0
Randy Sharp (Sec/Treas)	$0	$0

990-PF

Filed on Dec. 15, 2020

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

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XML

990-T

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

PDF

Fiscal Year Ending July
2019

Revenue

$468,991

Expenses

$500,675

Net Income

-$31,684

Net Assets

$5,928,342

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$156,759	33.4%
Dividends	$0
Sales of Assets	$0
Other Income	$177,854	37.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$306,991	61.3%
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	$5,953,028
Total Liabilities	$24,686
Net Assets	$5,928,342

Compensation

Key Employees and Officers	Compensation	Other
Karra Hill (Vice President)	$0	$0
Stacy Sharp (President)	$0	$0
Randy Sharp (Sec/Treas)	$0	$0

990-PF

Filed on Dec. 18, 2019

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 July
2018

Revenue

$335,243

Expenses

$457,274

Net Income

-$122,031

Net Assets

$5,960,026

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$147,627	44.0%
Dividends	$0
Sales of Assets	$0
Other Income	$60,832	18.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$284,050	62.1%
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	$5,969,225
Total Liabilities	$9,199
Net Assets	$5,960,026

Compensation

Key Employees and Officers	Compensation	Other
Karra Hill (Vice President)	$0	$0
Stacy Sharp (President)	$0	$0
Randy Sharp (Sec/Treas)	$0	$0

990-PF

Filed on Dec. 10, 2018

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 July
2017

Revenue

$332,969

Expenses

$745,793

Net Income

-$412,824

Net Assets

$6,082,057

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$171,511	51.5%
Dividends	$4,050	1.2%
Sales of Assets	-$19,965
Other Income	$48,003	14.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$590,392	79.2%
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	$6,086,732
Total Liabilities	$4,675
Net Assets	$6,082,057

Compensation

Key Employees and Officers	Compensation	Other
Karra Hill (Vice President)	$0	$0
Stacy Sharp (President)	$0	$0
Randy Sharp (Sec/Treas)	$0	$0

990-PF

Filed on Dec. 13, 2017

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 July
2016

Revenue

$481,733

Expenses

$655,908

Net Income

-$174,175

Net Assets

$6,494,881

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$20,000	4.2%
Interest Revenue	$194,129	40.3%
Dividends	$9,937	2.1%
Sales of Assets	$2,367	0.5%
Other Income	$190,249	39.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$514,743	78.5%
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	$6,518,051
Total Liabilities	$23,170
Net Assets	$6,494,881

Compensation

Key Employees and Officers	Compensation	Other
Karra Hill (Vice President)	$0	$0
Stacy Sharp (President)	$0	$0
Randy Sharp (Sec/Treas)	$0	$0

990-PF

Filed on Nov. 29, 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

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Fiscal Year Ending July
2015

Revenue

$603,877

Expenses

$299,929

Net Income

$303,948

Net Assets

$6,669,056

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$100,000	16.6%
Interest Revenue	$230,684	38.2%
Dividends	$18,872	3.1%
Sales of Assets	-$3,718
Other Income	$231,404	38.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$220,575	73.5%
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	$6,668,285
Total Liabilities	-$771
Net Assets	$6,669,056

Compensation

Key Employees and Officers	Compensation	Other
Karra Hill (Vice President)	$0	$0
Stacy Sharp (President)	$0	$0
Randy Sharp (Sec/Treas)	$0	$0

990-PF

Filed on Dec. 15, 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 July
2014

Revenue

$511,920

Expenses

$199,739

Net Income

$312,181

Net Assets

$6,365,108

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$233,108	45.5%
Dividends	$17,605	3.4%
Sales of Assets	$9,135	1.8%
Other Income	$233,598	45.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$148,965	74.6%
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	$6,362,312
Total Liabilities	-$2,796
Net Assets	$6,365,108

Compensation

Key Employees and Officers	Compensation	Other
Karra Hill (Vice President)	$0	$0
Stacy Sharp (President)	$0	$0
Randy Sharp (Sec/Treas)	$0	$0

990-PF

Filed on Sept. 26, 2014

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 July
2013

Revenue

$563,528

Expenses

$281,639

Net Income

$281,889

Net Assets

$6,052,927

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$269,671	47.9%
Dividends	$19,445	3.5%
Sales of Assets	$18,054	3.2%
Other Income	$243,303	43.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$222,185	78.9%
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	$6,050,156
Total Liabilities	-$2,771
Net Assets	$6,052,927

990-PF

Filed on Dec. 6, 2013

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 July
2012

Revenue

$613,537

Expenses

$272,998

Net Income

$340,539

Net Assets

$5,771,038

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$245,431	40.0%
Dividends	$15,346	2.5%
Sales of Assets	$137,770	22.5%
Other Income	$207,766	33.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$205,500	75.3%
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	$5,774,555
Total Liabilities	$3,517
Net Assets	$5,771,038

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.

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Mays Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $494k (2024)

Expenses $566k (2024)

Total Assets $5.61M (2024)

Total Liabilities $6.45k (2024)

Tax Filings by Year

Fiscal Year Ending July 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending July 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending July 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending July 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending July 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending July 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending July 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending July 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending July 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending July 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending July 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Revenue

$494k (2024)

Expenses

$566k (2024)

Total Assets

$5.61M (2024)

Total Liabilities

$6.45k (2024)

Fiscal Year Ending July
2024

Fiscal Year Ending July
2023

Fiscal Year Ending July
2022

Fiscal Year Ending July
2021

Fiscal Year Ending July
2020

Fiscal Year Ending July
2019

Fiscal Year Ending July
2018

Fiscal Year Ending July
2017

Fiscal Year Ending July
2016

Fiscal Year Ending July
2015

Fiscal Year Ending July
2014

Fiscal Year Ending July
2013

Fiscal Year Ending July
2012

Fiscal Year Ending July
2011

Fiscal Year Ending July
2010

Fiscal Year Ending July
2009

Fiscal Year Ending July
2008

Fiscal Year Ending July
2007

Fiscal Year Ending July
2006

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2005

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2004

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2003

Fiscal Year Ending July
2002

Fiscal Year Ending July
2001