Mutual Of America Foundation
- Assets
- $1.0m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 07/1989
- Data as of
- 12/2022
- EIN
- 13-3443360
Organization Overview
Mutual Of America Foundation is located in New York, NY. The organization was established in 1989. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mutual Of America Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Mutual Of America Foundation generated $3.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $3.1m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mutual Of America Foundation has awarded 7,375 individual grants totaling $21,003,986. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa M Loughry Chairmn, Pres, CEO & Director | 0 | $0 | |
Michelle A Rozich Evp, Risk Mgmt, & Internal Auditor | 0 | $0 | |
Aferdita Gutierrez Evp & CFO | 0 | $0 | |
Paul F Stephen Director | 0 | $0 | |
Thomasin Mullen Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,098,420 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $20,858 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,098,420 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,505 |
| Printing and publications | $104,265 |
| Other expenses | $160,158 |
| Total operating and administrative expenses | $416,935 |
| Contributions, gifts, grants paid | $2,702,593 |
| Total expenses and disbursements | $3,119,528 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,015,330 |
| Total assets | $1,015,330 |
| Accounts payable and accrued expenses | $915,330 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $915,330 |
Grants Awarded
Over the last fiscal year, Mutual Of America Foundation has awarded $3,002,593 in support to 909 organizations.
| Grant Recipient | Amount |
|---|---|
13 HANDS EQUINE RESCUE INC PURPOSE: GENERAL OPERATING PURPOSE | $866 |
13TH MAN INC PURPOSE: GENERAL OPERATING PURPOSE | $10,000 |
92ND STREET Y PURPOSE: GENERAL OPERATING PURPOSE | $125 |
A WISH COME TRUE PURPOSE: GENERAL OPERATING PURPOSE | $6,300 |
ASPCA PURPOSE: GENERAL OPERATING PURPOSE | $50 |
ABANDONED PET RESCUE INC PURPOSE: GENERAL OPERATING PURPOSE | $50 |