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
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Mgm Resorts Foundation is mapped to EIN 10640027.
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90% program spend, health grade A
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| Metric | Value |
|---|---|
| Total Revenue | $5.1M |
| Total Expenses | $4.2M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $9 |
| Net Assets | $7.4M |
| Transparency Score | 92/100 |
Search Intent Cockpit
Mgm Resorts Foundation Form 990, Revenue, CEO Pay, and IRS Filing Signals
Mgm Resorts Foundation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Mgm Resorts Foundation in one place.
Form 990 Filing Summary
14 filing years are available, with latest revenue of $4.2M and expenses of $4.2M.
Revenue and Expenses
Mgm Resorts Foundation reported $4.2M in revenue and $4.2M in expenses, a surplus of $35K.
Executive Compensation
Top officer compensation appears as $9 in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
92/100 mission score, 0 red flags, and 4 strengths are shown from structured and AI review.
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 →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $3.8M (90%) |
Across stored filings, Mgm Resorts Foundation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Appears Legitimate | Good filing record; no red flags identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade A | 14 stored filing years |
| Peer context | Compare with Tortie Foundation | Nevada and Philanthropy context |
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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.
Organization Overview
Mgm Resorts Foundation is a mid-size nonprofit that has been operating for 24 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.2M |
| Total Expenses | $4.2M |
| Surplus / Deficit | +$35K |
| Total Assets | $9.0M |
| Total Liabilities | $1.5M |
| Net Assets | $7.4M |
| Operating Margin | 0.8% |
| Debt-to-Asset Ratio | 17.2% |
| Months of Reserves | 25.7 months |
Financial Health Grade: A
In 2023, Mgm Resorts Foundation reported a surplus of $35K with revenue exceeding expenses, holds 25.7 months of operating reserves (strong position), has a debt-to-asset ratio of 17.2% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2023), Mgm Resorts Foundation's revenue has declined at a compound annual growth rate (CAGR) of -1.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.4% | +18.7% | +6.7% |
| 2022 | +18.2% | -27.7% | -1.5% |
| 2021 | -80.2% | -74.9% | -0.2% |
| 2020 | +212.6% | +224.6% | -24.5% |
| 2019 | -26.9% | -44.0% | -5.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $35K, with revenue exceeding expenses.
- Debt-to-asset ratio: 17.2%.
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?
Mgm Resorts Foundation (EIN: 10640027) is a registered tax-exempt nonprofit based in Nevada. Our AI analysis gives it a Mission Score of 92/100. It has 14 years of IRS 990 filings on record. Total revenue: $5.1M. No red flags identified. 4 strengths noted. Financial health grade: A.
How does Mgm Resorts Foundation spend its money?
Mgm Resorts Foundation directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
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.
How much does the Mgm Resorts Foundation CEO make?
Mgm Resorts Foundation's highest-compensated officer earns $9 annually. The organization reported $5.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Mgm Resorts Foundation's spending goes to programs?
Mgm Resorts Foundation directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Mgm Resorts Foundation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Mgm Resorts Foundation is above average for NTEE category T30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mgm Resorts Foundation located?
Mgm Resorts Foundation is headquartered in Las Vegas, Nevada and files with the IRS under EIN 10640027. It is classified under NTEE code T30.
How many years of IRS 990 filings does Mgm Resorts Foundation have?
Mgm Resorts Foundation has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $5.1M in total revenue.
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.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mgm Resorts Foundation:
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.