Middletown Community Foundation
- Assets
- $46.9m
- Revenue
- $4.3m
- Investments
- $182.0k
- Employees
- 4
- Location
- Middletown, OH
- Founding
- 04/1977
- Data as of
- 12/2021
- 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 12/2021, Middletown Community Foundation employed 4 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 12/2021, Middletown Community Foundation generated $4.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $2.9m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Middletown Community Foundation has awarded 326 individual grants totaling $7,542,300. 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
2021
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 341 SCHOLARSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barnett Traci Executive Di | Officer | 40 | $145,000 |
Vaughan Christine Treasurer | OfficerTrustee | 1 | $0 |
Hurley Dustin Vice Preside | OfficerTrustee | 1 | $0 |
Kiser John President | OfficerTrustee | 1 | $0 |
Stewart Verlena Secretary | OfficerTrustee | 1 | $0 |
Sarah Nathan Executive Di | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $108,394 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,680,300 |
| Noncash contributions included in lines 1a–1f | $11,398 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,788,694 |
| Total Program Service Revenue | $101,020 |
| Investment income | $1,363,759 |
| 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 | $4,261,790 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,202,057 |
| Grants and other assistance to domestic individuals. | $1,004,505 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $145,000 |
| Compensation of current officers, directors, key employees. | $87,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $148,032 |
| Pension plan accruals and contributions | $15,199 |
| Other employee benefits | $14,069 |
| Payroll taxes | $20,242 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $725 |
| Fees for services: Accounting | $14,310 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $92,179 |
| Fees for services: Other | $3,839 |
| Advertising and promotion | $16,234 |
| Office expenses | $37,397 |
| Information technology | $24,579 |
| Royalties | $0 |
| Occupancy | $45,466 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $37,710 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,522 |
| Insurance | $7,195 |
| All other expenses | $0 |
| Total functional expenses | $2,878,400 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $660,053 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $358,944 |
| 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 | $11,177 |
| Investments—publicly traded securities | $45,472,179 |
| Investments—other securities | $182,005 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $170,092 |
| Total assets | $46,854,450 |
| Accounts payable and accrued expenses | $50,785 |
| Grants payable | $112,250 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $6,048,015 |
| 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 | $6,211,050 |
| Net assets without donor restrictions | $17,738,756 |
| Net assets with donor restrictions | $22,904,644 |
| 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 | $46,854,450 |
Grants Awarded
Over the last fiscal year, Middletown Community Foundation has awarded $884,539 in support to 52 organizations.
| Grant Recipient | Amount |
|---|---|
BUTLER COUNTY EDUCATIONAL SERVICES | | | $104,000 |
SHRINERS CHILDREN'S OHIO | | | $90,000 |
KIWANIS CLUB | | | $34,500 |
MOUNT PLEASANT LIFE CARE FUND | | | $32,186 |
Middletown, OH | | $28,900 |
Hamilton, OH | | $27,304 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Middletown Community Foundation has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Dupps Company Charitable Foundation Germantown, OH PURPOSE: GENERAL SUPPORT | $500 |
Endowment Analysis
| Beg. Balance | $26,979,170 |
| Earnings | $3,890,110 |
| Admin Expense | $529,719 |
| Net Contributions | $2,663,334 |
| Other Expense | $70,985 |
| Grants | $1,107,432 |
| Ending Balance | $31,824,478 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lancaster County Community Foundation Lancaster, PA | $92,463,036 | $19,491,842 |
The Community Foundatio Of Louisville Depository Inc Louisville, KY | $29,429,716 | $18,203,702 |
Stark Community Foundation Inc Canton, OH | $373,666,840 | $68,744,620 |
Muskegon County Community Foundation Muskegon, MI | $247,862,579 | $28,555,582 |
Greater Kanawha Valley Foundation Charleston, WV | $329,426,372 | $27,972,481 |
Community Foundation Of Greater Flint Flint, MI | $212,857,243 | $17,865,297 |
Ann Arbor Area Community Foundation Ann Arbor, MI | $219,428,649 | $31,760,954 |
Community Foundation Of St Joseph County Inc South Bend, IN | $247,009,993 | $29,572,898 |
Community Foundation Of Greater Johnstown Johnstown, PA | $89,313,800 | $19,729,908 |
Fremont Area Community Foundation Fremont, MI | $291,559,908 | $22,142,594 |
Grand Haven Area Community Foundation Inc Grand Haven, MI | $189,481,921 | $23,464,810 |
The Community Foundation Of Louisville Corporate Depository In Louisville, KY | $17,663,337 | $10,177,129 |