Mrco Charities
- Assets
- $40.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Brentwood, TN
- Founding
- 08/2007
- Data as of
- 12/2022
- EIN
- 20-3452322
Organization Overview
Mrco Charities is located in Brentwood, TN. The organization was established in 2007. According to its NTEE Classification (O12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mrco Charities 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, Mrco Charities generated $54.4k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $45.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
MRCO CHARITIES PROVIDED FINANCIAL SUPPORT TO VARIOUS YOUTH ORGANIZATIONS THROUGHOUT THE NASHVILLE, TN AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Farzin Ferdowsi Board Member | 0 | $0 | |
Homayoun Aminmadani Board Member | 0 | $0 | |
Michael Shahsavari Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $54,363 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $9 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $54,372 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $735 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $30 |
| Total expenses | $45,878 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $40,915 |
| Other assets | $0 |
| Total assets | $40,915 |
| Total liabilities | $0 |
| Net assets or fund balances | $40,915 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Optimist International Youth Programs Foundation Inc Saint Louis, MO | $286,675 | $1,174,603 |
The Jesse Helms Center Foundation Wingate, NC | $10,139,785 | $832,538 |
Congressional Sports For Charity Alexandria, VA | $777,505 | $905,404 |
Gnf Clarksville, TN | $246,958 | $954,659 |
Childrens Fund Foundation Inc Ashland, AL | $842,126 | $1,386,131 |
Dreams Fore Kids Inc Greensboro, NC | $52,918 | $671,050 |
Youth Life Foundation Of Richmond Richmond, VA | $331,898 | $775,489 |
Dreamchasers Clarksville, TN | $172,017 | $578,217 |
M4k Lynchburg Inc Lynchburg, VA | $46,148 | $496,402 |
Atlanta Charity Clays Inc Atlanta, GA | $645,655 | $485,330 |
3e Funding Inc Clarksville, TN | $268,851 | $536,563 |
Van Noy Valor Foundation Inc Florence, KY | $112,217 | $345,441 |