The Mayer-Phillips Foundation Inc
EIN 061331577About
We respectfully request that The Mayer-Phillips Foundation, Inc.'s quarterly estimated taxes for taxable year ending December 31, 2024 be treated as timely and request that the $88 penalty indicated on Form 2220 be abated because the underpayments in Q's 3 and 4 were due to reasonable cause. Treasury Regulations Sec 301.6651-1(c)(1) defines reasonable by asking whether the taxpayer exercised ordinary business care and prudence. The Foundation exercised care and prudence in seeking a reputable firm knowledgeable about exempt organizations to calculate its quarterly estimates for tax period ending December 31, 2024. The firm was unable to reconcile the Foundation's accounts fully in order to calculate the necessary estimated tax payment for Q's 3 and 4 based on the annualization method. The underpayment was no fault of the foundation's and the firm is enhancing its procedures to improve its reconciliation process for future quarters. We believe that the underpayment was due to reasonable cause and in no way due to an intentional disregard for the rules, and respectfully request that no 2220 penalty be assessed.
Focus Areas
Application Information
Financial Trends
Giving Over Time
Total Assets Over Time
View financial data as table
| Year | Total Giving | Total Assets | Revenue | Grants |
|---|---|---|---|---|
| 2016 | $56K | $6.2M | $179K | 13 |
| 2017 | $155K | $7.2M | $470K | 16 |
| 2018 | $330K | $7.1M | $1.2M | 21 |
| 2019 | N/A | $8.8M | $819K | N/A |
| 2020 | $372K | $9.7M | $686K | 20 |
| 2021 | $348K | $11.3M | $1.0M | 19 |
| 2022 | $295K | $9.4M | $663K | 18 |
| 2023 | $400K | $10.8M | $652K | 18 |
| 2024 | $422K | $12.1M | $715K | 20 |
Grant Size Distribution
Based on 145 grants on record
Geographic Distribution
Officers & Directors
Grants Awarded (145 total)
| Purpose | ||||
|---|---|---|---|---|
| St Vrain Valley School District | Longmont, CO | $75,000 | General & Unrestricted | 2020 |
| St Vrain Valley School District | Longmont, CO | $75,000 | General & Unrestricted | 2021 |
| Schoolhouse World Inc | Palo Alto, CA | $75,000 | General & Unrestricted | 2023 |
| Schoolhouse World Inc | Palo Alto, CA | $75,000 | General & Unrestricted | 2024 |
| 5280 High School | Denver, CO | $50,000 | General & Unrestricted | 2020 |
| Careerwise Colorado | Denver, CO | $50,000 | General & Unrestricted | 2020 |
| Fii - National | Oakland, CA | $50,000 | Up Together Partner Fund | 2020 |
| The Cube Corp | Denver, CO | $50,000 | General & Unrestricted | 2020 |
| 5280 High School | Denver, CO | $50,000 | General & Unrestricted | 2021 |
| Activate Work Inc | Denver, CO | $50,000 | General & Unrestricted | 2021 |
| Careerwise Colorado | Denver, CO | $50,000 | General & Unrestricted | 2021 |
| Fii - National | Oakland, CA | $50,000 | Up Together Partner Fund | 2021 |
| Schoolhouse World Inc | Palo Alto, CA | $50,000 | General & Unrestricted | 2021 |
| 5280 High School | Denver, CO | $50,000 | General & Unrestricted | 2022 |
| Activate Work Inc | Denver, CO | $50,000 | General & Unrestricted | 2022 |
| Careerwise Colorado | Denver, CO | $50,000 | General & Unrestricted | 2022 |
| St Vrain Valley School District | Longmont, CO | $50,000 | General & Unrestricted | 2022 |
| 5280 High School | Denver, CO | $50,000 | General & Unrestricted | 2023 |
| Activate Work Inc | Denver, CO | $50,000 | General & Unrestricted | 2023 |
| Careerwise Colorado | Denver, CO | $50,000 | General & Unrestricted | 2023 |
| St Vrain Valley School District | Longmont, CO | $50,000 | General & Unrestricted | 2023 |
| 5280 High School | Denver, CO | $50,000 | General & Unrestricted | 2024 |
| Activate Work Inc | Denver, CO | $50,000 | General & Unrestricted | 2024 |
| Arrupe Jesuit High School | Denver, CO | $50,000 | Corporate Work Study Program | 2024 |
| Careerwise Colorado | Denver, CO | $50,000 | General & Unrestricted | 2024 |