Middletown Community Foundation
- Assets
- $38.7m
- Revenue
- $2.2m
- Investments
- $75.5k
- Employees
- 5
- Location
- Middletown, OH
- Founding
- 04/1977
- Data as of
- 12/2022
- EIN
- 31-0898380
Organization Overview
Middletown Community Foundation is located in Middletown, OH. The organization was established in 1977. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Middletown Community Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Middletown Community 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, Middletown Community Foundation generated $2.2m 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 (3.7%) each year. All expenses for the organization totaled $2.9m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Middletown Community Foundation has awarded 375 individual grants totaling $8,798,467. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SECURE PERMANENT AND GROWING ASSETS FOR THE AREA'S CHANGING NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RECEIVE, MANAGE AND DISTRIBUTE CHARITABLE GIFTS ON BEHALF OF DONORS TO SUPPORT LOCAL CHARITIES; SUPPORT COMMUNITY PROGRAMS AND PROJECTS WITH CHARITABLE GRANTS; TEACH PHILANTROPHY TO TEENAGE MEMBERS OF THE YOUTH ADVISORY COUNCIL.
AWARD SCHOLARSHIPS AND ACADEMIC AWARDS TO HIGH SCHOOL STUDENTS AND ADULTS RETURNING TO COLLEGE. THE ORGANIZATION GRANTED 417 SCHOLARSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Nathan Executive Di | Officer | 40 | $146,139 |
Barnett Traci Retired Ex. | Officer | 40 | $13,009 |
King Amy Treasurer | OfficerTrustee | 1 | $0 |
Brockman Beth Trustee | Trustee | 1 | $0 |
Evans Catherine Trustee | Trustee | 1 | $0 |
Romans Kathleen Dobrozsi Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $87,740 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,040,632 |
| Noncash contributions included in lines 1a–1f | $17,024 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,128,372 |
| Total Program Service Revenue | $102,920 |
| Investment income | $953,964 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$214 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,185,120 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,558,164 |
| Grants and other assistance to domestic individuals. | $759,400 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $167,148 |
| Compensation of current officers, directors, key employees. | $105,492 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $98,134 |
| Pension plan accruals and contributions | $3,441 |
| Other employee benefits | $7,545 |
| Payroll taxes | $22,016 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $29,540 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $91,852 |
| Fees for services: Other | $3,170 |
| Advertising and promotion | $24,449 |
| Office expenses | $58,461 |
| Information technology | $20,781 |
| Royalties | $0 |
| Occupancy | $46,538 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,608 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,014 |
| Insurance | $7,415 |
| All other expenses | $0 |
| Total functional expenses | $2,925,632 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $379,847 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $401,294 |
| 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 | $0 |
| Net Land, buildings, and equipment | $6,950 |
| Investments—publicly traded securities | $37,623,686 |
| Investments—other securities | $75,511 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $262,305 |
| Total assets | $38,749,593 |
| Accounts payable and accrued expenses | $15,116 |
| Grants payable | $50,000 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $5,286,673 |
| 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 | $92,213 |
| Total liabilities | $5,444,002 |
| Net assets without donor restrictions | $14,584,343 |
| Net assets with donor restrictions | $18,721,248 |
| 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 | $38,749,593 |
Grants Awarded
Over the last fiscal year, Middletown Community Foundation has awarded $1,256,167 in support to 49 organizations.
| Grant Recipient | Amount |
|---|---|
4C FOR CHILDREN | | | $10,000 |
3 R DEVELOPMENT | | | $6,500 |
ABILITIES FIRST FOUNDATIONABILITIES FIRST FOUNDATION | | | $116,828 |
AIR FORCE ROTC - MIAMI UNIVERSITY | | | $9,806 |
AMERICAN RED CROSS MIAMI VALLEY | | | $7,500 |
ART CENTRAL FOUNDATIONART CENTRAL FOUNDATION | | | $9,250 |