Civic Intelligence

Mmk Foundation

EIN 26-0372739 • Wilmington, DE

Foundation Source 501 Silverside RdWilmington, DE 19809-1377
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2024

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

<$500k nonprofits • Source year 2024

Net Margin

2nd percentile

-6363%

Higher net margin than 2% of similar nonprofits.

<$500k nonprofits • Source year 2024

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

<$500k nonprofits • Source year 2021

Asset Growth

10th percentile

-100%

Faster asset growth than 10% of similar nonprofits.

<$500k nonprofits • Annualized from 2022 to 2024

Revenue Growth

84th percentile

50%

Faster revenue growth than 84% of similar nonprofits.

<$500k nonprofits • Annualized from 2022 to 2024

Assets

Down

$0

Down $2,205,171 (-100%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Down

$0

Down $2,205,171 (-100%) from 2023

Revenue

Down

$45,493

Down $15,917 (-26%) from 2023

Expenses

Up

$2,940,105

Up $2,663,147 (+962%) from 2023

Net Income

Down

-$2,894,612

Down $2,679,064 (-1243%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2011: $2,016,475Liabilities 2011: $0Net Assets 2011: $2,016,4752011Assets 2012: $1,932,219Liabilities 2012: $0Net Assets 2012: $1,932,2192012Assets 2013: $1,946,729Liabilities 2013: $0Net Assets 2013: $1,946,7292013Assets 2014: $1,999,199Liabilities 2014: $0Net Assets 2014: $1,999,1992014Assets 2019: $2,987,879Liabilities 2019: $0Net Assets 2019: $2,987,8792019Assets 2020: $2,795,277Liabilities 2020: $0Net Assets 2020: $2,795,2772020Assets 2021: $2,732,763Liabilities 2021: $0Net Assets 2021: $2,732,7632021Assets 2022: $2,420,719Liabilities 2022: $0Net Assets 2022: $2,420,7192022Assets 2023: $2,205,171Liabilities 2023: $0Net Assets 2023: $2,205,1712023Assets 2024: $0Liabilities 2024: $0Net Assets 2024: $02024

Highlighted filing

2024

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$2.0M$0-$2.0M-$4.0MExpenses 2011: $115,2972011Expenses 2012: $199,9562012Revenue 2013: $289,229Expenses 2013: $274,719Net Income 2013: $14,5102013Revenue 2014: $321,298Expenses 2014: $268,828Net Income 2014: $52,4702014Revenue 2019: $353,210Expenses 2019: $266,781Net Income 2019: $86,4292019Revenue 2020: $60,730Expenses 2020: $253,332Net Income 2020: -$192,6022020Revenue 2021: $170,795Expenses 2021: $233,309Net Income 2021: -$62,5142021Revenue 2022: $20,182Expenses 2022: $332,226Net Income 2022: -$312,0442022Revenue 2023: $61,410Expenses 2023: $276,958Net Income 2023: -$215,5482023Revenue 2024: $45,493Expenses 2024: $2,940,105Net Income 2024: -$2,894,6122024

Highlighted filing

2024

Revenue$45,493
Expenses$2,940,105
Net Income-$2,894,612

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 29, 2025
Return Version
2024v5.2
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Marcia KingDir, Treas-$0--
Mark A KingChairman, Dir, Pres-$0--
Michelle Elise KingDir, Sec-$0--
Filing and Contact Details

Filer

Filer Name
MMK Foundation
EIN
26-0372739
In Care Of
% Foundation Source
Phone
8008391754
Address
Foundation Source 501 Silverside Rd, Wilmington, DE 19809-1377

Signing Officer

Name
Marcia King
Title
Treasurer
Phone
8008391754
Signed
2025-10-29
Discuss with paid preparer
Yes

Preparer

Firm
Foundation Source
Address
3333 New Hyde Park Rd Ste 406, New Hyde Park, NY 11042
Preparer
Jeffrey D Haskell
Phone
8008391754
Raw XML Appendix266 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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GeneralExplanationAttachment/GeneralExplanationGrp/MediumExplanationTxt0DISTRIBUTIONS OF PROPERTY VALUE AT FAIR MARKET VALUE AT DATE OF DISTRIBUTION METHOD FOR DETERMINING FMV OF SECURITIES: AVERAGE OF HIGH/LOW ON DATE GRANTED TO CHARITY METHOD OF DETERMINING BOOK VALUE OF SECURITIES: COST OR AVERAGE OF HIGH/LOW ON DATE CONTRIBUTED TO FOUNDATION TOTAL FAIR MARKET VALUE OF PROPERTY: $2,119,790 TOTAL BOOK VALUE OF PROPERTY: $1,426,025 TOTAL CASH PORTION OF GRANTS: $709,687 TOTAL AMOUNT OF GRANTS: $2,829,477 FORM 990-PF, PART III, LINE 3 - OTHER INCREASE: $693,765 DETAILS OF ITEMS GRANTED: DESCRIPTION OF PROPERTY: ISHARES BARCLAYS TIPS BOND FUND UNITS: 2,286 DATE OF DISTRIBUTION: 10/24/2024 GRANT RECIPIENT: NATIONAL PHILANTHROPIC TRUST FMV OF PROPERTY: $248,260 BOOK VALUE OF PROPERTY: $264,199 TOTAL AMOUNT OF GRANT: $248,260 DESCRIPTION OF PROPERTY: VANGUARD TOTAL STOCK MARKET ETF UNITS: 2,635 DATE OF DISTRIBUTION: 10/24/2024 GRANT RECIPIENT: NATIONAL PHILANTHROPIC TRUST FMV OF PROPERTY: $751,825 BOOK VALUE OF PROPERTY: $377,335 TOTAL AMOUNT OF GRANT: $751,825 DESCRIPTION OF PROPERTY: VANGUARD SM-CAP ETF UNITS: 2,600 DATE OF DISTRIBUTION: 10/24/2024 GRANT RECIPIENT: NATIONAL PHILANTHROPIC TRUST FMV OF PROPERTY: $616,473 BOOK VALUE OF PROPERTY: $394,683 TOTAL AMOUNT OF GRANT: $616,473 DESCRIPTION OF PROPERTY: VANGUARD FTSE PACIFIC ETF UNITS: 3,992 DATE OF DISTRIBUTION: 10/24/2024 GRANT RECIPIENT: NATIONAL PHILANTHROPIC TRUST FMV OF PROPERTY: $295,119 BOOK VALUE OF PROPERTY: $259,567 TOTAL AMOUNT OF GRANT: $295,119 DESCRIPTION OF PROPERTY: MARKET VECTORS - GOLD MINERS ETF UNITS: 4,902 DATE OF DISTRIBUTION: 10/24/2024 GRANT RECIPIENT: NATIONAL PHILANTHROPIC TRUST FMV OF PROPERTY: $208,114 BOOK VALUE OF PROPERTY: $130,242 TOTAL AMOUNT OF GRANT: $208,114
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IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOtherAssetNonchrtblEOInd0false
IRS990PF/UndistributedIncomeGrp/AppliedToCurrentYearAmt0102360
IRS990PF/UndistributedIncomeGrp/DistributableAsAdjustedAmt0102360
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr1Amt0151121
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr2Amt0195791
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr3Amt077314
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr4Amt0103452
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr5Amt0113938
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovFromYr5Amt0113938
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovToNextYrAmt03364611
IRS990PF/UndistributedIncomeGrp/ExcessFromCurrentYearAmt02836933
IRS990PF/UndistributedIncomeGrp/ExcessFromYear1Amt0151121
IRS990PF/UndistributedIncomeGrp/ExcessFromYear2Amt0195791
IRS990PF/UndistributedIncomeGrp/ExcessFromYear3Amt077314
IRS990PF/UndistributedIncomeGrp/ExcessFromYear4Amt0103452
IRS990PF/UndistributedIncomeGrp/QualifyingDistributionsAmt02939293
IRS990PF/UndistributedIncomeGrp/RemainingDistriFromCorpusAmt02836933
IRS990PF/UndistributedIncomeGrp/TotalCorpusAmt03478549
IRS990PF/UndistributedIncomeGrp/TotalExcessDistributionCyovAmt0641616
IRS990PF/UndistributedIncomeGrp/UndistributedIncomeCYAmt00
LiquidationExplanationStmt/ExplanationTxt0The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions: During the taxable year ending 12/31/2024, the MMK Foundation (the "Foundation") made distributions from assets from sources other than current income in anticipation of dissolution. The Foundation filed the attached Certificate of Dissolution with the Secretary of State of Texas on October 1, 2024. The Foundation made distributions of cash to the grantees listed in the attachment to Part XIV, Line 3a; each such grant was made solely for the charitable purpose specified therein. The Foundation's remaining assets, which represent funds set aside for final expenses, were distributed by July 16, 2025 prior to the filing of this Form 990-PF as follows: 5/13/25: 990-PF extension payment of $200 to the IRS for taxable year ending December 31, 2024 7/16/25: Grant of $4,126 to National Philanthropic Trust, a public charity A final distribution of $67, which represents the expected tax refund, will be paid for services rendered in connection with the Foundation's dissolution.
OtherDecreasesSchedule/OtherDecreasesDetail/Amt04324
OtherDecreasesSchedule/OtherDecreasesDetail/Desc0ASSETS SET ASIDE FOR FINAL EXPENSES
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc0Administrative Fees
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc1Bank Charges
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt021816
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt0175
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt021816
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt1175
OtherIncreasesSchedule/OtherIncreasesDetail/Amt0693765
OtherIncreasesSchedule/OtherIncreasesDetail/Desc0GRANTS OF PUBLICLY-TRADED SECURITIES
TaxesSchedule/TaxesDetail/Amt0500
TaxesSchedule/TaxesDetail/Amt1137
TaxesSchedule/TaxesDetail/CategoryTxt0990-PF Estimated Tax for 2024
TaxesSchedule/TaxesDetail/CategoryTxt1990-PF Excise Tax for 2023
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Marcia King
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum08008391754
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-10-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MMK Foundation
ReturnHeader/Filer/BusinessNameControlTxt0MMKF
ReturnHeader/Filer/EIN0260372739
ReturnHeader/Filer/InCareOfNm0% Foundation Source
ReturnHeader/Filer/PhoneNum08008391754
ReturnHeader/Filer/USAddress/AddressLine1Txt0Foundation Source 501 Silverside Rd
ReturnHeader/Filer/USAddress/CityNm0Wilmington
ReturnHeader/Filer/USAddress/StateAbbreviationCd0DE
ReturnHeader/Filer/USAddress/ZIPCd0198091377
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Foundation Source
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03333 New Hyde Park Rd Ste 406
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0New Hyde Park
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011042
ReturnHeader/PreparerPersonGrp/PhoneNum08008391754
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Jeffrey D Haskell
ReturnHeader/ReturnTs02025-10-30T12:17:30-05:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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