Mary Magdalene Foundation Inc
- Assets
- $1.7m
- Revenue
- $686.7k
- Investments
- $4.2k
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 10/1987
- Data as of
- 12/2021
- EIN
- 31-1182978
Organization Overview
Mary Magdalene Foundation Inc is located in Cincinnati, OH. The organization was established in 1987. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mary Magdalene 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 12/2021, Mary Magdalene Foundation Inc generated $686.7k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 24.8% each year . All expenses for the organization totaled $577.5k during the year ending 12/2021. While expenses have increased by 21.1% per year over the past 6 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MARY MAGDALEN FOUNDATION, INC. IS A PERSONAL CARE FACILITY WHICH OFFERS THE POOR & HOMELESS IN CINCINNATI A PLACE TO SHOWER, SHAVE, WASH THEIR HAIR, HAVE THEIR CLOTHES LAUNDERED, RECEIVE MESSAGES, USE THE PHONE AND STORE THEIR LIMITED BELONGINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jenny Perez Executive Director | 40 | $63,713 | |
Gary D Johns Secretary / Trustee | 1 | $0 | |
Linda G Mueller Vice President / Trustee | 1 | $0 | |
Kyle J Johns Trustee | 1 | $0 | |
Duane Davis Trustee | 1 | $0 | |
Eric G Mueller President / Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $686,433 |
| Interest on Savings | $4 |
| Dividends & Interest | $224 |
| 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 | $686,661 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $63,713 |
| Other employee salaries and wages | $295,745 |
| Pension plans, employee benefits | $13,039 |
| Interest | $0 |
| Taxes | $32,860 |
| Depreciation | $39,530 |
| Occupancy | $34,610 |
| Travel, conferences, and meetings | $3,059 |
| Printing and publications | $8,870 |
| Other expenses | $59,847 |
| Total operating and administrative expenses | $577,454 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $577,454 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $473,681 |
| Savings and temporary cash investments | $47,774 |
| 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 | $4,244 |
| Net Land, buildings, and equipment | $1,133,241 |
| Other assets | $48 |
| Total assets | $1,658,988 |
| 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 Recieved
Over the last fiscal year, we have identified 6 grants that Mary Magdalene Foundation Inc has recieved totaling $501,614.
| Awarding Organization | Amount |
|---|---|
James J And Joan A Gardner Family Foundation Cincinnati, OH PURPOSE: EXEMPT PURPOSE OF ORGANIZATION | $400,000 |
Catholics United For The Poor Cincinnati, OH PURPOSE: GENERAL SUPPORT TO FURTHER THE SOCIAL WELL-BEING OF LOW INCOME PERSONS AND TO PROMOTE GREATER AWARENESS OF THE NEEDS OF THE POOR. | $78,500 |
Greater Cincinnati Foundation Cincinnati, OH PURPOSE: GENERAL PURPOSE | $15,164 |
American Endowment Foundation Hudson, OH PURPOSE: PHILANTHROPY | $5,300 |
Ross Charitable Tr 480009767310 Cincinnati, OH PURPOSE: ANNUAL FUND | $2,500 |
Gannett Foundations Inc Mclean, VA PURPOSE: CHARITABLE PURPOSE | $150 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
George Gund Foundation Cleveland, OH | $524,945,754 | $120,923,136 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Lumina Foundation For Education Inc Indianapolis, IN | $0 | $124,727,424 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Sarah Scaife Foundation Inc Pittsburgh, PA | $645,014,499 | $79,121,296 |
J Howard Pew Freedom Tr Philadelphia, PA | $675,828,558 | $64,346,772 |
Mccune Foundation Pittsburgh, PA | $180,488,577 | $38,182,239 |
The Meijer Foundation Grand Rapids, MI | $118,103,895 | $43,970,388 |
Nationwide Foundation Columbus, OH | $86,187,581 | $42,470,606 |
Dietrich Foundation Pittsburgh, PA | $1,425,693,584 | $93,476,192 |
Ford Motor Co Fund Dearborn, MI | $173,752,828 | $51,364,996 |
Farmer Family Foundation Cincinnati, OH | $165,004,074 | $63,392,827 |