M620 Fund

Private foundation · Grantmaker Waco, TX EIN: 99-4186684

M620 Fund is a private foundation focused on religion, based in Waco, TX. IRS filing data is available from 2024 through 2025. As of 2025, the organization holds $21K in total assets. In 2025, it awarded 6 grants totaling $3K. Net investment income was $765.

Key facts about M620 Fund

In short: M620 Fund gave $3K across 6 grants in 2025 (avg $518.5), mostly in California. Source: 2025 IRS Form 990-PF.

EIN
99-4186684
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$3,111
Grants made (2025)
6
Average grant
$519
Median grant
$491
Total assets
$21,058
Primary geography
California (68% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$21K

+500.3% YoY

Annual Giving

$3K

+3011.0% YoY

Grant Count

6

+500.0% YoY

Avg Grant Size

$518.5

+418.5% YoY

Under IRS private-foundation payout rules, M620 Fund reported a distributable amount of $836 for 2025 — the minimum it must pay out in qualifying distributions.

How M620 Fund gives

  • In 2025 it paid out 372% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of 2025 grant dollars across all 6 itemized grants.

States

Cities

Walnut CreekDublin

Giving Over Time

Total grant dollars and number of grants per year

$0$1K$2K$3K$4K1 grant2024 6 grants2025

From 2024 to 2025, annual grant giving ranged from $100 (2024) to $3K (2025). In 2025 it made 6 grants totaling $3K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 6 recipients in 2025

South East Asia Rescue Coalition and Haven: $1KSouth East Asia RescueCoalition and Haven$1KHillside Covenant Church: $1KHillside Covenant Church$1KFrancis Soulman: $500Francis Soulman$500Joshua Shanmugham: $481Joshua Shanmugham$481Berean Christian High School: $100Berean Christian High School$100Love Never Fails: $30Love Never Fails$30

The largest 2025 recipient was South East Asia Rescue Coalition and Haven ($1K). Together the top 6 received $3K.

Grant Size Distribution

7 grants across all recorded years

7<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 7 grants of 7 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
South East Asia Rescue Coalition and Haven Walnut Creek, CAGeneral Support$1,000
Hillside Covenant Church Walnut Creek, CAGeneral Support$1,000
Francis Soulman Leadership Training$500
Joshua Shanmugham Leadership Training$481
Berean Christian High School Walnut Creek, CAGeneral Support$100
Love Never Fails Dublin, CAGeneral Support$30

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$10K$20K$30K2024 2025
Metric20252024
Total Assets$21,058$3,508
Revenue$21,224$4,208
Expenses$4,728$700
Qualifying Distributions$3,112$700
Net Investment Income$765—
Distributable Amount$836$32

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2024 (received by the IRS March 24, 2025)
  2. Updated Form 990-PF for fiscal year 2025 (received by the IRS April 13, 2026)
  3. IRS filings on file for fiscal years 2024–2025

Leadership & Key People

Officers and directors from IRS filings

M620 Fund is led by Wayne Phillips, Director President on every filing since 2024; 1 of 3 officers listed in 2025 is compensated.

Officers on the 2025 filing

  • Wayne Phillips

    Director President

    On filings since 2024

    5 hrs/week

    No compensation reported

  • Levi Phillips

    Director

    On filings since 2024

    5 hrs/week

    $867 (2025)

  • Rebecca Phillips

    Director

    On filings since 2024

    0.5 hrs/week

    No compensation reported

Data from IRS Form 990 filings, 2024–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2025 IRS filing

Levi Phillips — Director: $867Levi PhillipsDirector$867

The highest reported compensation on the 2025 filing was $867, to Levi Phillips (Director).

Frequently asked questions about M620 Fund

How much does M620 Fund give each year?

M620 Fund gave $3K across 6 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $100 across 1 grant.

What is M620 Fund's typical grant size?

M620 Fund's median grant in 2025 was $491, and its average grant was $519, across 6 grants on its 2025 IRS Form 990-PF.

Where does M620 Fund give grants?

M620 Fund gives mostly in California: 68% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Walnut Creek, CA (3 grants).

Does M620 Fund give general operating support?

Yes: 67% of M620 Fund's 2025 grants with a stated purpose (4 of 6) were for general or operating support, per its 2025 IRS Form 990-PF.

Who are M620 Fund's largest grantees?

M620 Fund's largest 2025 grantees include South East Asia Rescue Coalition and Haven ($1,000), Hillside Covenant Church ($1,000) and Francis Soulman ($500), according to its 2025 IRS Form 990-PF. Together they received 80% of its itemized 2025 grant dollars.

How large is M620 Fund?

M620 Fund reported $21K in total assets on its 2025 IRS Form 990-PF. It paid out $3K in qualifying distributions that year, against a required minimum of $836 (roughly 5% of its investment assets).

What is M620 Fund?

M620 Fund is a private foundation focused on religion, based in Waco, TX. It holds $21K in total assets as of 2025.

What is M620 Fund's EIN?

M620 Fund's EIN (Employer Identification Number) is 99-4186684. IRS Form 990 filing data is available on this page for 2024–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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