Mitio Foundation
- Assets
- $7.4k
- Revenue
- $131.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Mcdonough, GA
- Founding
- 10/2010
- Data as of
- 12/2022
- EIN
- 27-2610260
Organization Overview
Mitio Foundation is located in Mcdonough, GA. The organization was established in 2010. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mitio 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 12/2022, Mitio Foundation generated $131.1k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 27.2% each year . All expenses for the organization totaled $130.9k during the year ending 12/2022. While expenses have increased by 27.2% per year over the past 4 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 2020, Mitio Foundation has awarded 45 individual grants totaling $459,836. 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
DONATED TO TURNING POINT CHURCH PREGNANCY RESOURCE CENTER SAFE HOUSE FOOD KITCHEN HELPING IN HIS NAME MINISTRIES AND SOLID ROCK CHRISTIAN SCHOOL
DONATED TO TURNING POINT CHURCH PREGNANCY RESOURCE CENTER SAFE HOUSE FOOD KITCHEN HELPING IN HIS NAME MINISTRIES AND SOLID ROCK CHRISTIAN SCHOOL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nelva Lee Chairman | 4.5 | $0 | |
Marshele Alfano Secretary | 0.08 | $0 | |
Donnie Lee Jr Jr Member | 0.08 | $0 | |
Jacob Alfano Member | 0.08 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $131,075 |
| Interest on Savings | $0 |
| 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 | $131,075 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,212 |
| Total operating and administrative expenses | $6,212 |
| Contributions, gifts, grants paid | $124,693 |
| Total expenses and disbursements | $130,905 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,401 |
| Savings and temporary cash investments | $0 |
| 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 | $7,401 |
| 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, Mitio Foundation has awarded $124,692 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Mcdonough, GA PURPOSE: HELP KNOW GOD FIND FREEDOM DISCOVER PURPOSE | $75,200 |
MASSANUTTEN MILITARY ACADEMY PURPOSE: CO-EDUCATIONAL NON-PROFIT MILITARY SCHOOL | $40,501 |
THE BRIDGE WELLNESS SOUTH PURPOSE: PROVIDING EVIDENCE-BASED INFORMATION AND SERVICES | $3,723 |
Memphis, TN PURPOSE: TREATS THE TOUGHES CHILDHOOD CANCER AND PEDIATRIC | $3,179 |
KIVAORG PURPOSE: CREATE A FINANCIALLY INCLUSIVE WORLD | $1,129 |
Stockbridge, GA PURPOSE: CONNECT AND MENTOR WOMEN ESPECIALLY SINGLE MOTHERS | $480 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Education Loan Finance Inc Knoxville, TN | $2,281,627,256 | $227,234,757 |
Educational Foundation Inc Chapel Hill, NC | $193,854,804 | $63,834,996 |
Nc Student Aid Association Inc Raleigh, NC | $102,296,557 | $23,877,668 |
Georgia Goal Scholarship Program Inc Peachtree Corners, GA | $58,000,031 | $45,569,079 |
Meeting Street Schools Charleston, SC | $31,326,851 | $31,027,510 |
Georgia State University Athletic Association Inc Atlanta, GA | $12,025,331 | $28,251,593 |
The North Carolina A&t Real Estate Foundation Inc Greensboro, NC | $169,150,909 | $33,021,773 |
Hca Healthcare Foundation Nashville, TN | $97,582,102 | $44,453,527 |
Vinik Family Foundation Tampa, FL | $192,173,639 | $29,773,809 |
The Hartwell Foundation Corporation Memphis, TN | $88,595,532 | $17,280,759 |
Morehead Cain Foundation Chapel Hill, NC | $0 | $13,275,596 |
Education Foundation Scholarship Endowment Trust Chapel Hill, NC | $389,903,195 | $25,351,334 |