Mitsubishi Motors Usa Foundation
- Assets
- $288.6k
- Revenue
- $131.0
- Investments
- $0.0
- Employees
- 0
- Location
- Franklin, TN
- Founding
- 02/1998
- Data as of
- 12/2021
- EIN
- 33-0773994
Organization Overview
Mitsubishi Motors Usa Foundation is located in Franklin, TN. The organization was established in 1998. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Mitsubishi Motors USA 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, Mitsubishi Motors USA Foundation generated $131.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (29.8%) each year. All expenses for the organization totaled $32.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (20.8%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Mitsubishi Motors USA Foundation has awarded 15 individual grants totaling $101,500. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Chaffin Chairman | 0 | $0 | |
Ryan Gremore Director | 0 | $0 | |
Rhonda Mich Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $131 |
| 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 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $454 |
| Total operating and administrative expenses | $456 |
| Contributions, gifts, grants paid | $32,000 |
| Total expenses and disbursements | $32,456 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $98,608 |
| Savings and temporary cash investments | $190,000 |
| Net Accounts receivable | $11 |
| 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 | $288,619 |
| 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, Mitsubishi Motors Usa Foundation has awarded $32,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
BEST BUDDIES INTL INC PURPOSE: PAYMENT TO AN ORGANIZATION DEDICATED TO ESTABLISHING A GLOBAL VOLUNTEER MOVEMENT THAT CREATES OPPORTUNITIES FOR ONE-TO-ONE FRIENDSHIPS, INTEGRATED EMPLOYMENT, LEADERSHIP DEVELOPMENT, AND INCLUSIVE LIVING FOR INDIVIDUALS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES (IDD). | $10,000 |
ST JUDE PURPOSE: PAYMENT TO THIS ORGANIZATION WHICH IS DEPENDENT ON INDIVIDUAL CONTRIBUTIONS SO HOSPITAL PATIENTS NEVER RECEIVE A BILL. | $5,000 |
Normal, IL PURPOSE: PAYMENT TO AN ORGANIZATION THAT PROVIDES THERAPEUTIC SERVICES AND SUPPORT FROM BIRTH TO END OF LIFE AND EVERYTHING IN BETWEEN FOR PEOPLE WITH DEVELOPMENTAL DISABILITIES. | $5,000 |
BIG BROTHERSBIG SISTERS PURPOSE: PAYMENT TO FUND AN ORGANIZATION WHICH DEDICATES THEIR TIME SERVING LOW-INCOME AND UNDERPRIVILEGED YOUTHS FROM SINGLE-PARENT FAMILIES TO MENTOR AND DEVELOP ATTRIBUTES IN FINDING SUCCESS IN LIFE. | $5,000 |
MICHAEL COLLINS FOUNDATION PURPOSE: PAYMENT TO ANOTHER FOUNDATION WHICH PAYS IT FORWARD BY SUPPORTING LOCAL CAUSES AND INITIATIVES THAT HAVE BEEN IMPORTANT TO MICHAEL, HIS FAITH, AND HIS FAMILY. | $5,000 |
COPS PURPOSE: PAYMENT TO FUND AN ORGANIZATION WHICH REBUILDS SHATTERED LIVES OF SURVIVORS AND CO-WORKERS AFFECTED BY LINE OF DUTY DEATHS. | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Src Benefit Programs Trust Springfield, MO | $118,089 | $9,937,850 |
Willis And Reba Johnsons Foundation Franklin, TN | $17,058,167 | $2,077,347 |
James W And Frances Gibson Mcglothlin Foundation Bristol, VA | $55,479,136 | $5,807,937 |
Yung Family Foundation The Crestview Hills, KY | $4,438,622 | $34,262 |
Eric P And Evelyn Newman Charitable Foundation Saint Louis, MO | $112,434,986 | $5,417,714 |
John Rex Endowment Raleigh, NC | $72,005,406 | $10,264,844 |
Elhapa Foundation Inc Lexington, KY | $43,489,972 | $1,635,816 |
Joseph C Bancroft Charitable & Educational Fund Mccomb, MS | $195,688,163 | $4,336,128 |
Interco Charitable Trust St Louis, MO | $0 | $2,555,755 |
Mssa Ila Vacation Plan And Trust Mobile, AL | $2,494,985 | $3,007,833 |
Blake Family Foundation Inc Atlanta, GA | $54,641,915 | $13,537,530 |
St Marys United Methodist Church Foundation Inc Saint Marys, GA | $38,808,441 | $1,300,375 |