The Mountaintop Foundation Inc
- Assets
- $2.2m
- Revenue
- $88.0
- Investments
- $0.0
- Employees
- 0
- Location
- Saranac Lake, NY
- Founding
- 03/2001
- Data as of
- 12/2022
- EIN
- 22-3611708
Organization Overview
The Mountaintop Foundation Inc is located in Saranac Lake, 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. Mountaintop 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 12/2022, Mountaintop Foundation Inc generated $88.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (60.2%) each year. All expenses for the organization totaled $110.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Mountaintop Foundation Inc has awarded 135 individual grants totaling $686,421. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NA
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $88 |
| 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 | $0 |
| Total Revenue | $88 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $67 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $850 |
| Total operating and administrative expenses | $4,417 |
| Contributions, gifts, grants paid | $106,250 |
| Total expenses and disbursements | $110,667 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,177,736 |
| 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 | $2,177,736 |
| 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, The Mountaintop Foundation Inc has awarded $106,250 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
ADIRONDACK MUSEUM PURPOSE: TO TEACH THE HISTORY OF THE AREA | $3,000 |
BEACON OF HOPE PINE ISLAND PURPOSE: PROGRAMS IN CHRONIC PAIN MGMNT | $20,000 |
COMEBACK YOGA FOR VETS PURPOSE: TO HELP VETS PHYSICALLY AND MENTALLY AFTER SERVICE | $3,000 |
POOCHES OUT OF PUERTO RICO RESCUE PURPOSE: TO AID IN RESCUE OF ABANDONED DOGS | $5,000 |
GRINNELL COLLEGE PURPOSE: TO SUPPORT ONGOING SOCIAL PRPGRAMS OF THE STUDENTS | $20,000 |
ROLLINS COLLEGE PURPOSE: TO FURTHER EDUCATIONAL PROGRAMS | $5,000 |