Mgm Resorts Foundation
MGM Resorts Foundation consistently reports 0% officer compensation, demonstrating strong financial transparency.
EIN: 10640027 · Las Vegas, NV · NTEE: T30 · Updated: 2026-03-28
Is Mgm Resorts Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mgm Resorts Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mgm Resorts Foundation
Mgm Resorts Foundation (EIN: 10640027) is a nonprofit organization based in Las Vegas, NV, classified under NTEE code T30. The organization reported total revenue of $5.1M and total assets of $8.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mgm Resorts Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Mgm Resorts Foundation with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Mgm Resorts Foundation allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly commendable for a foundation of its size with assets nearing $9 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Mgm Resorts Foundation:
- Consistent 0% officer compensation, indicating high efficiency and transparency.
- Healthy asset base, with assets consistently in the multi-million dollar range ($8,972,674 in 2023).
- Positive net income in recent years (2022-2023), showing sound financial management.
- Long filing history (14 filings) demonstrating sustained operation and compliance.
Frequently Asked Questions about Mgm Resorts Foundation
Is Mgm Resorts Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Mgm Resorts Foundation (EIN: 10640027) appears legitimate. Mission Score: 92/100. 0 red flags identified, 4 strengths noted.
How does Mgm Resorts Foundation spend its money?
Mgm Resorts Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mgm Resorts Foundation tax-deductible?
Mgm Resorts Foundation is registered as a tax-exempt nonprofit (EIN: 10640027). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is MGM Resorts Foundation a good charity?
Based on the available data, the MGM Resorts Foundation appears to be a good charity. It consistently reports 0% officer compensation, indicating that funds are directed towards its mission. Its program spending is likely high given the lack of executive salaries, and it maintains a healthy asset base.
How does the foundation manage its liabilities?
Liabilities have varied, from $0 in 2018 and 2020 to $1,543,080 in 2023. While there's fluctuation, the foundation's assets consistently far outweigh its liabilities, indicating good financial health and ability to cover its obligations.
What caused the significant revenue and expense spike in 2020?
The 2020 filing shows a substantial increase in both revenue ($16,665,456) and expenses ($19,435,876) compared to other years. This could indicate a major fundraising campaign, a large one-time donation, or a significant program initiative during that period, which would warrant further investigation into the specific activities of that year.
Filing History
IRS 990 filing history for Mgm Resorts Foundation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Mgm Resorts Foundation's revenue has declined by 11.8%, moving from $4.8M to $4.2M. Total assets increased by 141.1% over the same period, from $3.7M to $9.0M. Total functional expenses rose by 10.5%, from $3.8M to $4.2M. In its most recent filing year (2023), Mgm Resorts Foundation reported a surplus of $35K, with revenue exceeding expenses. The organization holds $1.5M in liabilities against $9.0M in assets (debt-to-asset ratio: 17.2%), resulting in net assets of $7.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $4.2M | $4.2M | $9.0M | $1.5M | — | — |
| 2022 | $3.9M | $3.5M | $8.4M | $1.0M | — | View 990 |
| 2021 | $3.3M | $4.9M | $8.5M | $1.5M | — | View 990 |
| 2020 | $16.7M | $19.4M | $8.6M | $0 | — | View 990 |
| 2019 | $5.3M | $6.0M | $11.3M | $30K | — | View 990 |
| 2018 | $7.3M | $10.7M | $12.0M | $0 | — | View 990 |
| 2017 | $10.3M | $4.5M | $15.4M | $43K | — | View 990 |
| 2016 | $5.5M | $3.7M | $9.6M | $42K | — | View 990 |
| 2015 | $3.9M | $3.2M | $7.8M | $0 | — | View 990 |
| 2015 | $5.9M | $4.9M | $7.0M | $0 | — | View 990 |
| 2014 | $4.8M | $4.5M | $6.0M | $0 | — | View 990 |
| 2013 | $4.9M | $4.1M | $5.7M | $0 | — | View 990 |
| 2012 | $5.2M | $4.0M | $4.9M | $1K | — | View 990 |
| 2011 | $4.8M | $3.8M | $3.7M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.2M, expenses of $4.2M, and assets of $9.0M (revenue +8.4% year-over-year).
- 2022: Revenue of $3.9M, expenses of $3.5M, and assets of $8.4M (revenue +18.2% year-over-year).
- 2021: Revenue of $3.3M, expenses of $4.9M, and assets of $8.5M (revenue -80.2% year-over-year).
- 2020: Revenue of $16.7M, expenses of $19.4M, and assets of $8.6M (revenue +212.6% year-over-year).
- 2019: Revenue of $5.3M, expenses of $6.0M, and assets of $11.3M (revenue -26.9% year-over-year).
- 2018: Revenue of $7.3M, expenses of $10.7M, and assets of $12.0M (revenue -29.2% year-over-year).
- 2017: Revenue of $10.3M, expenses of $4.5M, and assets of $15.4M (revenue +88.1% year-over-year).
- 2016: Revenue of $5.5M, expenses of $3.7M, and assets of $9.6M (revenue +39.6% year-over-year).
- 2015: Revenue of $3.9M, expenses of $3.2M, and assets of $7.8M (revenue -34.1% year-over-year).
- 2015: Revenue of $5.9M, expenses of $4.9M, and assets of $7.0M (revenue +23.1% year-over-year).
- 2014: Revenue of $4.8M, expenses of $4.5M, and assets of $6.0M (revenue -1.1% year-over-year).
- 2013: Revenue of $4.9M, expenses of $4.1M, and assets of $5.7M (revenue -5.5% year-over-year).
- 2012: Revenue of $5.2M, expenses of $4.0M, and assets of $4.9M (revenue +7.8% year-over-year).
- 2011: Revenue of $4.8M, expenses of $3.8M, and assets of $3.7M.
Data Sources and Methodology
This transparency report for Mgm Resorts Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.