Michael J Mungo Foundation Inc is located in Irmo, SC. The organization was established in 2008. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Michael J Mungo 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 12/2021, Michael J Mungo Foundation Inc generated $4.2m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $2.3m during the year ending 12/2021. While expenses have increased by 18.6% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Michael J Mungo Foundation Inc has awarded 242 individual grants totaling $6,332,219. 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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Beth Deridder Manager & Se | 25 | $60,004 | |
Robert C Clawson Director | 0 | $0 | |
M Stewart Mungo President & | 0 | $0 | |
Steven W Mungo Vice-Preside | 0 | $0 | |
Matthew Mungo Director | 0 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $20,000 |
Interest on Savings | $43 |
Dividends & Interest | $793,721 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $3,336,306 |
Capital Gain Net Income | $3,336,306 |
Net ST Capital Gain | $127,024 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $533 |
Total Revenue | $4,150,603 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $60,004 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $2,357 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $177,493 |
Total operating and administrative expenses | $240,204 |
Contributions, gifts, grants paid | $2,044,817 |
Total expenses and disbursements | $2,285,021 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $670,845 |
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 | $218,351 |
Total assets | $30,110,865 |
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 |
Over the last fiscal year, Michael J Mungo Foundation Inc has awarded $2,044,817 in support to 49 organizations.
Grant Recipient | Amount |
---|---|
Columbia, SC PURPOSE: OPERATING COSTS | $275,000 |
CAMP COLE PURPOSE: SUMMER CAMP/COMMUNITY BUILDER | $251,000 |
USC EDUCATIONAL FOUNDATION PURPOSE: TEACHING AWARDS | $190,000 |
Columbia, SC PURPOSE: AFFORDABLE HOUSING | $150,000 |
IRMO CHAPIN RECREATION COMMISSION PURPOSE: PROPERTY FOR PARK | $135,000 |
HARVEST HOPE FOOD BANK PURPOSE: OPERATING COSTS | $125,000 |
Organization Name | Assets | Revenue |
---|---|---|
Bobbie Bailey Foundation Inc Tucker, GA | $24,485,053 | $1,564,197 |
Yhwh Foundation Inc Carrollton, GA | $0 | $14,288,691 |
Drs Bruce & Lee Foundation Florence, SC | $254,078,574 | $12,559,871 |
Families And Communities Rising Inc Durham, NC | $8,732,109 | $17,644,457 |
Charles A Cannon Charitable Trust N0 One Concord, NC | $132,429,020 | $9,552,538 |
Quality Senior Housing Foundation Of East Texas Inc Atlanta, GA | $68,762,519 | $14,924,948 |
Mary Reynolds Babcock Foundation Incorporated Winstonsalem, NC | $253,832,619 | $55,868,843 |
Zeist Foundation Inc Atlanta, GA | $306,093,080 | $21,313,980 |
The Merancas Foundation Inc Charlotte, NC | $181,742,490 | $364,669,812 |
Anverse Inc Cartersville, GA | $0 | $25,436,325 |
Cannon Foundation Inc Concord, NC | $297,494,035 | $30,471,430 |
Uga Real Estate Foundation Inc Athens, GA | $310,229,529 | $14,839,274 |