MGM Foundation Inc
MGM Foundation Inc is a private foundation, based in Conroe, TX. IRS filing data is available from 2018 through 2025. As of 2025, the organization holds $1.0M in total assets. In 2025, it awarded 1 grant totaling $10K. Net investment income was $22K.
Key facts about MGM Foundation Inc
In short: MGM Foundation Inc gave $10K across 1 grant in 2025 (avg $10K), mostly in Texas. Source: 2025 IRS Form 990-PF.
- EIN
- 71-1049010
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $10,000
- Grants made (2025)
- 1
- Average grant
- $10,000
- Median grant
- $10,000
- Total assets
- $1,026,340
- Primary geography
- Texas (100% 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
$1.0M
-1.5% YoY
Annual Giving
$10K
+400.0% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$10K
+400.0% YoY
How MGM Foundation Inc gives
- In 2024 it paid out 6% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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
Share of the 2025 grant dollars on its one itemized grant.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2018 to 2025, annual grant giving ranged from $2K (2024) to $125K (2020). In 2025 it made 1 grant totaling $10K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was St James the Apostle Catholic Churc ($10K).
Grant Size Distribution
3 grants across all recorded years
The most common grant size was under $50K: 3 grants of 3 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| St James the Apostle Catholic Churc Spring, TX | Youth Ministry Donation | $10,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $1,026,340 | $1,041,486 | $891,500 |
| Revenue | $37,488 | $124,485 | $21,230 |
| Expenses | $25,196 | $11,119 | $7,851 |
| Qualifying Distributions | $10,000 | $2,000 | — |
| Net Investment Income | $22,292 | $115,366 | $5,825 |
| Distributable Amount | — | $35,646 | $35,326 |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2018 (received by the IRS November 15, 2019)
- Added Form 990-PF for fiscal year 2025 (received by the IRS July 23, 2026)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
MGM Foundation Inc's 2025 filing lists 3 officers; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Katherine Mims
Director
On filings since 2018
20 hrs/week
$72K (2020) → $0 (2025)
Kevin G Mims
Director
On filings since 2018
2 hrs/week
No compensation reported
Robert G Mims
Director
On filings since 2018
2 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2018–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2022 IRS filing
The highest reported compensation on the 2022 filing was $56K, to Katherine Mims (Director).
Frequently asked questions about MGM Foundation Inc
How much does MGM Foundation Inc give each year?
MGM Foundation Inc gave $10K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $2K across 1 grant.
How large is MGM Foundation Inc?
MGM Foundation Inc reported $1.0M in total assets on its 2025 IRS Form 990-PF. Its revenue that year was $37K.
Where does MGM Foundation Inc operate?
MGM Foundation Inc has awarded grants in Arizona, Colorado, Illinois, Kansas, Kentucky, Minnesota, Missouri, Nebraska, Tennessee, Texas.
What is MGM Foundation Inc's EIN?
MGM Foundation Inc's EIN (Employer Identification Number) is 71-1049010. IRS Form 990 filing data is available on this page for 2018–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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