Midland Foundation
- Assets
- $2.9m
- Revenue
- $679.0k
- Investments
- $0.0
- Employees
- 4
- Location
- North Branch, NJ
- Founding
- 04/1985
- Data as of
- 06/2021
- EIN
- 22-2424471
Organization Overview
Midland Foundation is located in North Branch, NJ. The organization was established in 1985. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Midland Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Midland 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 06/2021, Midland Foundation generated $679.0k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $591.0k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Midland Foundation has awarded 18 individual grants totaling $3,469,982. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MIDLAND FOUNDATION RAISES FUNDS TO SUPPORT THE PROGRAMS AND SERVICES OF THE MIDLAND CORPORATION. MIDLAND PROVIDES A LIFETIME OF CARING FOR INDIVIVUALS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO HELP FOSTER THE EDUCATIONAL AND CHARITABLE PURPOSES OF MIDLAND SCHOOL, INC. AND MIDLAND ADULT SERVICES, INC.; TO AFFIRM FINANCIAL SUPPORT FOR THE IMPROVEMENT AND GROWTH OF THE MIDLAND PROGRAMS AND, THROUGH SOLICITATION OF THE COMMUNITY, PROMOTE THE GOODWILL AND WELFARE OF THE DEVELOPMENTALLY DISABLED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gail Russell Dev. Director | 40 | $108,805 | |
Peter Phillips Sr Vice Chair | OfficerTrustee | 1 | $0 |
Geoffrey K Allen Chairman | OfficerTrustee | 1 | $0 |
Gregg Sweetman Financial Direc | Officer | 40 | $0 |
Stacey Carr Secretary | Officer | 40 | $0 |
Shawn Mcinerney President/ceo | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $148,525 |
| Related organizations | $0 |
| Government grants | $71,504 |
| All other contributions, gifts, grants, and similar amounts not included above | $264,547 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $484,576 |
| Total Program Service Revenue | $0 |
| Investment income | $85,644 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $71,714 |
| Net Income from Fundraising Events | $37,088 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $679,022 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $313,740 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $128,980 |
| Compensation of current officers, directors, key employees. | $49,012 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $58,390 |
| Pension plan accruals and contributions | $6,463 |
| Other employee benefits | $19,646 |
| Payroll taxes | $14,053 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,307 |
| Advertising and promotion | $0 |
| Office expenses | $15,262 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,578 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,804 |
| All other expenses | $0 |
| Total functional expenses | $591,048 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $480,871 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $71,504 |
| Accounts receivable, net | $10,512 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $10,085 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,339,674 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $22,566 |
| Total assets | $2,935,212 |
| Accounts payable and accrued expenses | $732 |
| Grants payable | $0 |
| Deferred revenue | $13,025 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $240,151 |
| Total liabilities | $253,908 |
| Net assets without donor restrictions | $2,635,605 |
| Net assets with donor restrictions | $45,699 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,935,212 |
Grants Awarded
Over the last fiscal year, Midland Foundation has awarded $313,740 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
North Branch, NJ PURPOSE: SEE FORM 990 PAGE 2 LINE 4a | $302,657 |
North Branch, NJ PURPOSE: SEE FORM 990 PAGE 2 LINE 4a | $11,083 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Midland Foundation has recieved totaling $92,253.
| Awarding Organization | Amount |
|---|---|
Pvh Foundation Inc New York, NY PURPOSE: GENERAL DONATION | $25,000 |
Frontstream Global Fund Alexandria, VA PURPOSE: Use by the organization's general fund | $19,985 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $12,617 |
E J Grassmann Trust Warren, NJ PURPOSE: CAPITAL FUND SUPPORT | $10,000 |
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $10,000 |
Community Foundation Of New Jersey Morristown, NJ PURPOSE: GENERAL SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dalton Schools Inc New York, NY | $268,184,018 | $87,154,384 |
Riverdale Country School Inc Bronx, NY | $247,467,239 | $82,826,277 |
Trinity Episcopal Schools Corporation New York, NY | $265,614,292 | $76,873,691 |
United Nations International School New York, NY | $95,948,249 | $80,239,931 |
Columbia Grammar & Preparatory School New York, NY | $126,207,367 | $82,489,526 |
Poly Prep Country Day School Brooklyn, NY | $174,200,532 | $76,376,518 |
Saint Anns School Brooklyn, NY | $162,069,731 | $73,475,158 |
Pingry Corporation Basking Ridge, NJ | $215,792,985 | $70,756,009 |
Spence School New York, NY | $416,454,517 | $72,977,566 |
Collegium Charter School Exton, PA | $94,797,177 | $61,790,179 |
Packer Collegiate Institute Brooklyn, NY | $176,388,503 | $70,028,029 |
Dwight-Englewood School Englewood, NJ | $157,949,172 | $59,866,465 |