M516 Inc
M516 Inc is a private foundation focused on religion, based in Elk City, OK. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $172K in total assets. In 2024, it made $163K in qualifying distributions. Net investment income was $30.
M516 Inc at a glance
- Total assets
- $171,713
- -14.9% vs 2023
- Revenue (2024)
- $154,156
- +4.5% vs 2023
- Qualifying distributions (2024)
- $162,685
- +32.4% vs 2023
- Expenses (2024)
- $185,325
- +12.7% vs 2023
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who M516 Inc funds
How this funder distributes its grants
Grant Size Distribution
2 grants across all recorded years
The most common grant size was under $50K: 2 grants of 2 (100%).
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2021, annual grant giving ranged from $1K (2020) to $1K (2021). In 2021 it made 1 grant totaling $1K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 1 grant to individuals Recipients not named | — | $1,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income |
|---|---|---|---|---|---|---|---|
| 2024 | $171,713 | $154,156 | $185,325 | — | — | $162,685 | $30 |
| 2023 | $201,722 | $147,448 | $164,462 | — | — | $122,851 | $33 |
| 2021 | $305,882 | $134,818 | $131,729 | $1,000 | 1 | $107,891 | $49 |
| 2020 | $302,486 | $172,431 | $129,016 | $1,000 | 1 | — | $75 |
Leadership & Key People
Officers and directors from IRS filings
M516 Inc is led by Ryan Young, President on every filing since 2020; 1 of 6 officers listed in 2024 is compensated.
Officers on the 2024 filing
Ryan Young
President
On filings since 2020
40 hrs/week
$72K (2020) → $88K (2024)
Wade Pruitt
Chairman
Director → Chairman, 2021
On filings since 2020
No compensation reported
Ronda Mikles
Director
On filings since 2020
No compensation reported
Matt Henderson
Director
On filings since 2023
No compensation reported
Johnny Stockton
Secretary
On filings since 2020
No compensation reported
Pamela Muncrief
Treasurer
On filings since 2020
2 hrs/week
No compensation reported
Former officers (2)
- Former: Rusty McMullen (2020–2021) — Director
- Former: Eric Kent (2020) — Chairman
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $88K, to Ryan Young (President).
Frequently asked questions about M516 Inc
How large is M516 Inc?
M516 Inc reported $172K in total assets on its 2024 IRS Form 990-PF. Its revenue that year was $154K.
What is M516 Inc?
M516 Inc is a private foundation focused on religion, based in Elk City, OK. It holds $172K in total assets as of 2024.
Where does M516 Inc operate?
M516 Inc has awarded grants in Colorado, Oklahoma.
What is M516 Inc's EIN?
M516 Inc's EIN (Employer Identification Number) is 47-4223352. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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