THE MDBSD FOUNDATION: Form 990PF, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- THE MDBSD FOUNDATION (EIN 68-0618643)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-05-13
- IRS object ID
- 202431349349103793
- Schema version
- 2023v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-05-13T16:56:07-07:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 300125842 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ESI Financial Services | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7837 La Mesa Boulevard | AddressLine1Txt |
| City | La Mesa | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 91942 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 680618643 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE MDBSD FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MDBS | BusinessNameControlTxt |
| Phone | 8587752880 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7710 BALBOA AVENUE 302 | AddressLine1Txt |
| City | SAN DIEGO | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 92111 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MICHAEL D BOYD | PersonNm |
| Person Title | President | PersonTitleTxt |
| Signature | 2024-05-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | MICHAEL D | PersonFirstNm |
| Person Last | BOYD | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Steven K Farrington CPA | PreparerPersonNm |
| PTIN | P00879553 | PTIN |
| Phone | 6193285054 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Federated Assurance Level | FAL1 | FederatedAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $0 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $209,159 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $46,037 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $46,037 | InterestOnSavNetInvstIncmAmt |
| Interest On Savings Adj Net Incm | $46,037 | InterestOnSavingsAdjNetIncmAmt |
| Total Rev And Expnss | $255,196 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $46,037 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $46,037 | TotalAdjNetIncmAmt |
| Taxes Rev And Expnss | $93 | TaxesRevAndExpnssAmt |
| Tot Opr Expenses Rev And Expnss | $93 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $0 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $180,500 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $180,500 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $180,593 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $0 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $180,500 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $74,603 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $46,037 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $46,037 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $1,124,466 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $1,199,069 | SavAndTempCashInvstEOYAmt |
| Total Assets BOY | $1,124,466 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,199,069 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $0 | TotalAssetsEOYFMVAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $1,124,466 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $1,199,069 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $1,124,466 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $1,199,069 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $1,124,466 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $1,199,069 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $1,124,466 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $74,603 | ExcessRevenueOverExpensesAmt |
| Subtotal | $1,199,069 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $1,199,069 | TotNetAstOrFundBalancesEOYAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $640 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $640 | SubtotalAmt |
| Tax Based On Investment Income | $640 | TaxBasedOnInvestmentIncomeAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $1 | EsPenaltyAmt |
| Tax Due | $641 | TaxDueAmt |
| Applied To ES Tax | $0 | AppliedToESTaxAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | CA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MICHAEL BOYD | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8584960551 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7710 BALBOA AVENUE 302 | AddressLine1Txt |
| City | SAN DIEGO | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 92111 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | false | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt |
|---|---|---|---|---|---|---|
| MICHAEL D BOYD | ||||||
| 7710 BALBOA AVENUE SUITE 302 | SAN DIEGO | CA | 92111 | Pres & Dir | 1.00 | $0 |
| TED R ZACK | ||||||
| 7710 BALBOA AVENUE SUITE 302 | SAN DIEGO | CA | 92111 | Sec/Treas/Dir | 0.00 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $0 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $1,101,303 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $1,101,303 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $1,101,303 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $16,520 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $1,084,783 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $54,239 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $54,239 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $640 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $640 | TotalTaxAmt |
| Distributable Before Adj | $53,599 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $53,599 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $53,599 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $180,500 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $180,500 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $53,599 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr5 | $66,192 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $13,549 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $32,282 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $6,092 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $67,108 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $185,223 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $180,500 | QualifyingDistributionsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $53,599 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $126,901 | RemainingDistriFromCorpusAmt |
| Total Corpus | $312,124 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $66,192 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $245,932 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $13,549 | ExcessFromYear4Amt |
| Excess From Year3 | $32,282 | ExcessFromYear3Amt |
| Excess From Year2 | $6,092 | ExcessFromYear2Amt |
| Excess From Year1 | $67,108 | ExcessFromYear1Amt |
| Excess From Current Year | $126,901 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | MICHAEL D BOYD | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (11 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| VFW | |||||||
| 2885 Lemon Grove Ave | Lemon Grove | CA | 91945 | N/A | N/A | SUPPORT CHARITY | $12,500 |
| RESTORATION CHURCH | |||||||
| 10960 VIA FRONTERA | SAN DIEGO | CA | 92127 | N/A | N/A | SUPPORT CHARITY | $2,500 |
| BOYS TO MEN MENTORING | |||||||
| 3322 SWEETWATER SPRINGS BLVD 204 | SPRING VALLEY | CA | 91977 | N/A | N/A | SUPPORT CHARITY | $13,000 |
| SAN DIEGO FOOD BANK | |||||||
| 9850 DISTRIBUTION AVE | SAN DIEGO | CA | 92121 | N/A | N/A | SUPPORT COMMUNITY | $4,500 |
| GROSSMONT EDU FOUNDATION | |||||||
| PO Box 1043 | La Mesa | CA | 91944 | N/A | SUPPORT COMMUNITY | $1,500 | |
| THE VERTICAL CHURCH | |||||||
| 3142 S ARIZONA AVE | YUMA | AZ | 85364 | N/A | SUPPORT CHARITY | $10,000 | |
| CAPTIVATE CHURCH | |||||||
| 3010 N EVERGREEN ST | SAN DIEGO | CA | 92110 | N/A | N/A | SUPPORT CHARITY | $30,000 |
| FILTER OF HOPE | |||||||
| 1400 JACK WARNER PKWY NE | TUSCALOOSA | AL | 35404 | N/A | N/A | SUPPORT CHARITY | $1,000 |
| GOOD FOR OTHERS CHARITY | |||||||
| 3635 Princeton Ave | San Diego | CA | 92117 | N/A | N/A | SUPPORT CHARITY | $5,000 |
| COLLEGE AVE BAPSTIST CHURCH | |||||||
| 4747 COLLEGE AVE | SAN DIEGO | CA | 92115 | N/A | N/A | SUPPORT CHARITY | $100,000 |
| ALZHEIMERS ASSOCIATION | |||||||
| 225 N MICHIGAN AVE FL 17 | CHICAGO | IL | 60601 | N/A | N/A | SUPPORT CHARITY | $500 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $180,500 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $46,037 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $46,037 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $46,037 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp (3 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Person ContributionPersonContributionInd |
|---|---|---|---|---|---|---|
| CLUB BUSINESS CONCEPTS LLC | ||||||
| 1 | 7710 BALBOA AVENUE SUITE 302 | SAN DIEGO | CA | 92111 | $65,714 | Yes (X) |
| MICHAEL BOYD | ||||||
| 2 | 2808 HARTFORD CT | SAN DIEGO | CA | 92117 | $33,000 | Yes (X) |
| K&M MARKETING LLC | ||||||
| 3 | 7710 BALBOA AVENUE SUITE 302 | SAN DIEGO | CA | 92111 | $105,000 | Yes (X) |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amt | $93 | Amt |