Mfg Foundation
- Assets
- $4.2m
- Revenue
- $267.7k
- Investments
- $4.2m
- Employees
- 0
- Location
- Ashtabula, OH
- Founding
- 08/1995
- Data as of
- 08/2022
- EIN
- 34-1787987
Organization Overview
Mfg Foundation is located in Ashtabula, OH. The organization was established in 1995. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Mfg 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 08/2022, Mfg Foundation generated $267.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 36.2% each year . All expenses for the organization totaled $305.2k during the year ending 08/2022. While expenses have increased by 2.5% per year over the past 7 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.
Since 2015, Mfg Foundation has awarded 104 individual grants totaling $1,216,515. 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.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Morrison Trustee | 0 | $0 | |
Louise M Raffa Trustee | 0 | $0 | |
Nancy S Warner Trustee & President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $117,472 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $150,269 |
| Capital Gain Net Income | $150,269 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $267,741 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,291 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $46,085 |
| Contributions, gifts, grants paid | $259,124 |
| Total expenses and disbursements | $305,209 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $32,048 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,228,834 |
| 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, Mfg Foundation has awarded $259,124 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
KENT STATE UNIVERSITY FOUNDATION PURPOSE: TO SUPPORT KENT STATE UNIVERSITY. | $50,000 |
Ashtabula, OH PURPOSE: TO SUPPORT THE FOUNDATION'S MISSION OF THE BETTERMENT OF ASHTABULA COUNTY, OHIO THROUGH SERVING AS A PROACTIVE AND RESPONSIVE FORCE IN ADDRESSING CHARITABLE, RELIGIOUS, EDUCATIONAL, QUALITY OF LIFE, AND OTHER WORTHY CAUSES. | $35,000 |
CITY OF ASHTABULA PURPOSE: TO SUPPORT THE CITY'S OPERATIONS | $24,000 |
ASHTABULA CITY FIRE DEPARTMENT PURPOSE: TO FUND THE PURCHASE OF SPECIAL EQUIPMENT. | $23,624 |
Ashtabula, OH PURPOSE: TO PROVIDE FUNDS FOR FITNESS EQUIPMENT. | $20,000 |
Ashtabula, OH PURPOSE: TO PROVIDE SUPPORT FOR THE ORGANIZATION'S MISSION. | $17,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Van Andel Institute Grand Rapids, MI | $1,815,971,878 | $111,524,637 |
William Davidson Foundation Birmingham, MI | $1,107,938,800 | $127,279,050 |
Ronda E Stryker & William D Johnston Foundation Kalamazoo, MI | $63,637,902 | $79,561,320 |
Gilbert Family Foundation Detroit, MI | $122,833,560 | $20,538,766 |
The Wexner Family Charitable Fund New Albany, OH | $184,942,197 | $254,449,818 |
Maguire Foundation West Conshohocken, PA | $0 | $10,846,953 |
Mabel Pew Myrin Trust Philadelphia, PA | $417,886,148 | $39,075,922 |
Neubauer Family Foundation Philadelphia, PA | $348,008,962 | $28,614,405 |
Nina Mason Pulliam Charitable Tr Indianapolis, IN | $513,484,211 | $27,103,020 |
Quantitative Foundation Philadelphia, PA | $101,541,098 | -$10,401,387 |
Fifth Third Union Trust Co Foundation Cincinnati, OH | $28,852,332 | $17,459,816 |
J N Pew Jr Charitable Trust Philadelphia, PA | $309,649,040 | $25,152,087 |