Ronald Mcdonald House Charities Inc
- Assets
- $0.0
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Youngstown, OH
- Founding
- 12/2007
- Data as of
- 12/2020
- EIN
- 34-1748911
Organization Overview
Ronald Mcdonald House Charities Inc is located in Youngstown, OH. The organization was established in 2007. According to its NTEE Classification (E86) the organization is classified as: Patient & Family Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ronald Mcdonald House Charities 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 12/2020, Ronald Mcdonald House Charities Inc generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 48.4% each year . All expenses for the organization totaled $5.0m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Ronald Mcdonald House Charities Inc has awarded 28 individual grants totaling $5,651,657. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO HELP YOUTH IN THE MAHONING VALLEY AND WESTERN PENNSYLVANIA BY ASSISTING WITH FUNDING TO HEALTH AND EDUCATIONAL PROGRAMS THAT POSITIVELY IMPACT YOUTH UP TO THE AGE OF 21 YEARS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RMHC IS A LOCAL CHAPTER OF THE RONALD MCDONALD HOUSE, AN ORGANIZATION WHICH BENEFITS CHILDREN. RMHC COLLECTS MONEY FROM THE GENERAL PUBLIC. 25% OF THE TOTAL AMOUNT COLLECTED IS REMITTED TO THE NATIONAL RONALD MCDONALD HOUSE. THE AMOUNT RETAINED BY THE LOCAL CHAPTER IS DISTRIBUTED AMONG LOCAL 501(C)(3) ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Herb Washington President | OfficerTrustee | 0.2 | $0 |
Barbara Hirst Director | Trustee | 0.2 | $0 |
Susan Moorer Director | Trustee | 0.2 | $0 |
Dan Letson Director | Trustee | 0.2 | $0 |
Lisa Taafe Director | Trustee | 0.2 | $0 |
Dave Coy Director | Trustee | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $10,064 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,728,134 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,738,198 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,960,376 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,877 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,963,824 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Ronald Mcdonald House Charities Inc has awarded $4,960,376 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
CAMP FITCH PURPOSE: GENERAL SUPPORT | $10,000 |
AKRON CHILDREN'S HOSPITAL PURPOSE: GENERAL SUPPORT | $250,000 |
UNITED WAY OF YOUNGSTOWN AND MAHONING VALLEY PURPOSE: GENERAL SUPPORT | $250,000 |
YOUNGSTOWN CITY SCHOOLS PURPOSE: GENERAL SUPPORT | $150,000 |
LINKS INC (YOUNGSTOWN CHAPTER) PURPOSE: GENERAL SUPPORT | $60,000 |
ECONOMIC ACTION GROUP PURPOSE: GENERAL SUPPORT | $50,000 |