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.
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 |
|---|---|---|---|
Gail Russell Dev. Director | 40 | $108,805 | |
Geoffrey K Allen Chairman | OfficerTrustee | 1 | $0 |
Peter Phillips Sr Vice Chair | 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 |