Midway Usa Foundation Inc
- Assets
- $273.1m
- Revenue
- $45.2m
- Investments
- $25.1m
- Employees
- 16
- Location
- Columbia, MO
- Founding
- 11/2008
- Data as of
- 12/2022
- EIN
- 26-1573088
Organization Overview
Midway Usa Foundation Inc is located in Columbia, MO. The organization was established in 2008. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Midway USA Foundation Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Midway USA 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, Midway USA Foundation Inc generated $45.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $12.6m during the year ending 12/2022. While expenses have increased by 11.6% per year over the past 8 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 2015, Midway USA Foundation Inc has awarded 2,852 individual grants totaling $41,034,312. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE HELP COMMUNITIES AND ORGANIZATIONS RAISE FUNDS TO SUPPORT THEIR HIGH SCHOOL, COLLEGE, AND/OR OTHER YOUTH SHOOTING TEAM AND RELATED ACTIVITIES. WE ALSO MANAGE DONOR DESIGNATED ENDOWED FUNDS FOR THESE COMMUNITIES AND ORGANIZATIONS.
Describe the Organization's Program Activity:
THE MIDWAY USA FOUNDATION SUPPORTS OVER 100,000 YOUTH ON ALMOST 3,000 SHOOTING TEAMS AS WELL AS THE COMMUNITIES THEY REPRESENT. THE FOUNDATION HELPS COMMUNITIES RAISE MONEY TO SUPPORT THEIR YOUTH SHOOTING SPORTS PROGRAMS THROUGH TEAM, AGENCY OR DONOR DESIGNATED ENDOWMENTS FOR STATE, REGIONAL AND NATIONAL YOUTH SHOOTING EDUCATIONAL ORGANIZATIONS. ENDOWMENTS ARE HELD AND INVESTED WITH MATCHING DOLLARS FROM THE FOUNDERS AND GRANTS ARE PAID EACH YEAR TO EVERY TEAM, AGENCY OR DONOR DESIGNATED ENDOWED ORGANIZATION THAT REQUESTS UP TO 5% OF THEIR RESPECTIVE ACCOUNT BALANCE. THE TEAMS MAY USE GRANT MONEY TO FURTHER THEIR EDUCATIONAL AND TRAINING MISSIONS IN YOUTH SHOOTING SPORTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Leeper President | OfficerTrustee | 2 | $0 |
Sara Potterfield Secretary/treasurer | OfficerTrustee | 1 | $0 |
Tom Schauwecker Vice President | OfficerTrustee | 1 | $0 |
Larry Potterfield Director | Trustee | 1 | $0 |
James Dunn Director | Trustee | 1 | $0 |
Ana English Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $35,600,389 |
| Noncash contributions included in lines 1a–1f | $170,644 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,600,389 |
| Total Program Service Revenue | $0 |
| Investment income | $3,515,063 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $618,980 |
| Net Gain/Loss on Asset Sales | $5,484,918 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $45,219,850 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,346,436 |
| 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. | $201,619 |
| Compensation of current officers, directors, key employees. | $47,421 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,018,246 |
| Pension plan accruals and contributions | $29,474 |
| Other employee benefits | $131,007 |
| Payroll taxes | $84,163 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,900 |
| Fees for services: Accounting | $28,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $969,624 |
| Fees for services: Other | $18,744 |
| Advertising and promotion | $44,154 |
| Office expenses | $64,375 |
| Information technology | $179,824 |
| Royalties | $0 |
| Occupancy | $26,768 |
| Travel | $135,368 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $95,662 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $148,036 |
| Insurance | $8,538 |
| All other expenses | $407 |
| Total functional expenses | $12,590,600 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,040,668 |
| Savings and temporary cash investments | $10,567,078 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $68,772 |
| 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 | $552,125 |
| Net Land, buildings, and equipment | $7,709,593 |
| Investments—publicly traded securities | $15,775,726 |
| Investments—other securities | $25,113,589 |
| Investments—program-related | $210,247,001 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $273,074,552 |
| Accounts payable and accrued expenses | $217,420 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $217,420 |
| Net assets without donor restrictions | $236,270,516 |
| Net assets with donor restrictions | $36,586,616 |
| 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 | $273,074,552 |
Grants Awarded
Over the last fiscal year, Midway Usa Foundation Inc has awarded $7,617,088 in support to 436 organizations.
| Grant Recipient | Amount |
|---|---|
MURRAY STATE UNIVERSITY PURPOSE: TO FUND YOUTH SHOOTING SPORTS | $56,981 |
BHS DEMONS SHOOTING TEAM PURPOSE: TO FUND YOUTH SHOOTING SPORTS | $55,683 |
WEST KENTUCKY SMOKING GUNS ASSOCIATION PURPOSE: TO FUND YOUTH SHOOTING SPORTS | $50,000 |
CLEMSON UNIVERSITY PURPOSE: TO FUND YOUTH SHOOTING SPORTS | $43,037 |
GEORGIA COMPETITIVE SHOOTERS INC PURPOSE: TO FUND YOUTH SHOOTING SPORTS | $38,442 |
RUBY MOUNTAIN CLAY BREAKERS PURPOSE: TO FUND YOUTH SHOOTING SPORTS | $37,792 |