Mbia Foundation Inc
- Assets
- $0.0
- Revenue
- $391.0
- Investments
- $0.0
- Employees
- 0
- Location
- Purchase, NY
- Founding
- 04/2001
- Data as of
- 08/2024
- EIN
- 13-4163899
Organization Overview
Mbia Foundation Inc is located in Purchase, NY. The organization was established in 2001. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Mbia Foundation Inc 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 08/2024, Mbia Foundation Inc generated $391.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (73.0%) each year. All expenses for the organization totaled $43.3k during the year ending 08/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Mbia Foundation Inc has awarded 1,044 individual grants totaling $9,848,750. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES GRANTS AND DONATIONS TO 501(C)(3) ORGANIZATIONS.THERE IS NO SIGNIFICANT EXPENSE INCURRED TO ACCOMPLISH THIS ACTIVITY.
THE FOUNDATION PROVIDES GRANTS AND DONATIONS TO 501(C)(3) ORGANIZATIONS.THERE IS NO SIGNIFICANT EXPENSE INCURRED TO ACCOMPLISH THIS ACTIVITY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberly Osgood Director/president | 4 | $0 | |
Joseph Buonadonna Director/treasurer | 1 | $0 | |
Jean Mcgovern Director/secretary | 8 | $0 | |
Sue Voltz Director | 1 | $0 | |
Christopher Young Director/vice President | 1 | $0 | |
Rich Mckay Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $145 |
| 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 | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $246 |
| Total Revenue | $391 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $86 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,543 |
| Total operating and administrative expenses | $1,690 |
| Contributions, gifts, grants paid | $41,600 |
| Total expenses and disbursements | $43,290 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $42,899 |
| 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 | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Mbia Foundation Inc has awarded $92,070 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
ALL FOR THE EAST END INC PURPOSE: GENERAL OPERATING PURPOSE | $1,000 |
CATHOLIC CHARITIES COMMUNITY SERVICES ARCHDIOCESE OF NEW YORK PURPOSE: GENERAL OPERATING PURPOSE | $210 |
CHILDRENS CANCER AND BLOOD FOUNDATION PURPOSE: GENERAL OPERATING PURPOSE | $3,000 |
CYSTIC FIBROSIS- WESTCHESTER PURPOSE: GENERAL OPERATING PURPOSE | $200 |
COLLABORATION HEALTHCARE CORP PURPOSE: GENERAL OPERATING PURPOSE | $8,000 |
JOHN JAY COLLEGE FOUNDATION INC PURPOSE: GENERAL OPERATING PURPOSE | $8,000 |