The Miss America Foundation Inc
- Assets
- $2.4m
- Revenue
- $224.8k
- Investments
- $0.0
- Employees
- 3
- Location
- Cape May Court House, NJ
- Founding
- 04/2012
- Data as of
- 12/2022
- EIN
- 27-0390958
Organization Overview
The Miss America Foundation Inc is located in Cape May Court House, NJ. The organization was established in 2012. 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, Miss America Foundation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Miss America 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, Miss America Foundation Inc generated $224.8k 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 (5.8%) each year. All expenses for the organization totaled $465.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.4%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE UNIQUE OPPORTUNITIES FOR YOUNG AMERICAN WOMEN TO OBTAIN FINANCIAL ASSISTANCE IN THE NATURE OF SCHOLARSHIP AWARDS AS A MEANS OF ACHIEVING THEIR EDUCATIONAL AND CAREER GOALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION ADMINISTERS SCHOLARSHIP FUNDS THAT ARE AWARDED BY THE STATE & LOCAL LICENSEES OF THE MISS AMERICA ORGANIZATION IN OVER 800 STATE AND LOCAL COMPETITIONS THROUGHOUT THE UNITED STATES FOR BOTH THE MISS AMERICA ORGANIZATION COMPETITIONS AND THE MISS AMERICA OUTSTANDING TEEN COMPETITIONS NATIONWIDE.
THE FOUNDATION ADMINISTERS PLACEMENT AND OTHER SCHOLARSHIP FUNDS THAT ARE AWARDED BY THE MISS AMERICA ORGANIZATION AT ITS ANNUAL, NATIONAL COMPETITION FOR MISS AMERICA AND AT ITS ANNUAL, NATIONAL COMPETITION FOR MISS AMERICAS OUTSTANDING TEEN. IN THE CURRENT FISCAL YEAR, THE FOUNDATION MANAGED AND GRANTED NATIONAL PLACEMENT AND OTHER SCHOLARSHIP AWARDS TO THE WOMEN COMPETING AT BOTH THE TEEN AND MISS NATIONAL LEVELS OF COMPETITION. THESE SCHOLARSHIP AWARDS ARE GRANTED IN SUPPORT OF THE TEENS AND WOMENS PURSUIT OF CONTINUED EDUCATIONAL AND CAREER OPPORTUNITIES.
THE FOUNDATION RAISES AND DIRECTLY AWARDS SCHOLARSHIPS FOR WOMEN THROUGHOUT THE COUNTRY WHO ARE LOOKING TO ADVANCE THEIR EDUCATIONAL AND CAREER GOALS. THE FOUNDATIONS SCHOLARSHIP AWARDS ARE PROVIDED TO WOMEN WHO HAVE DEMONSTRATED STRONG CAREER AND ACADEMIC PROFICIENCIES AND COMMUNITY SERVICE. THESE WOMEN MUST SERVE AS AMBASSADORS AND ROLE MODELS FOR YOUNG WOMEN IN THEIR COMMUNITIES THROUGHOUT THE UNITED STATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Majken Mechling CEO | Officer | 40 | $149,327 |
Chase Hutt Trustee | Trustee | 2 | $0 |
Letitia Nilan Trustee | Trustee | 2 | $0 |
Cindy Novotny Treasurer | OfficerTrustee | 2 | $0 |
Joel Ballesteros Chairman | OfficerTrustee | 2 | $0 |
Allison Hickey Trustee | Trustee | 2 | $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 | $111,477 |
| Noncash contributions included in lines 1a–1f | $50,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $111,477 |
| Total Program Service Revenue | $0 |
| Investment income | $31,629 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $224,781 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $76,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $149,327 |
| Compensation of current officers, directors, key employees. | $23,954 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $90,208 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $26,415 |
| Payroll taxes | $19,997 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,400 |
| Fees for services: Accounting | $40,999 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,081 |
| Fees for services: Other | $500 |
| Advertising and promotion | $1,000 |
| Office expenses | $31,293 |
| 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 | $0 |
| Interest | $19,263 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,110 |
| All other expenses | $0 |
| Total functional expenses | $465,593 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,642,792 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $56,656 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $681,250 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,380,698 |
| Accounts payable and accrued expenses | $45,764 |
| 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 | $2,501,852 |
| Total liabilities | $2,547,616 |
| Net assets without donor restrictions | -$473,476 |
| Net assets with donor restrictions | $306,558 |
| 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 | $2,380,698 |