Mjc Foundation Tr
- Assets
- $2.2k
- Revenue
- $64.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Hiko, NV
- Founding
- 04/2017
- Data as of
- 12/2023
- EIN
- 37-1830767
Organization Overview
Mjc Foundation Tr is located in Hiko, NV. The organization was established in 2017. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Mjc Foundation Tr 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 12/2023, Mjc Foundation Tr generated $64.0k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $49.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Mjc Foundation Tr has awarded 79 individual grants totaling $1,521,137. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
$179,000 WAS DONATED TO THE SPECIAL OPERATIONS CARE FUND, INC. TO MAKE A POSITIVE AND MEANINGFUL DIFFERENCE IN THE LIVES OF SOF FAMILIES.
$15,838 WAS USED AS SCHOLARSHIPS PAID TO SOUTHERN UTAH UNIVERSITY.
$12,000 WAS DONATED TO LUND SCHOOLS TO ASSIST IN EDUCATIONAL PROGRAMS.
$10,000 WAS DONATED TO THE GLOBAL WAR ON TERRORISM MEMORIAL FOUNDATION IN ORDER TO HELP ASSIST THE BUILDING OF A MEMORIAL IN WASHINGTON D.C.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael R Cannon Trustee | 3 | $0 | |
Jennifer Cannon Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $64,000 |
| Interest on Savings | $1 |
| 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 | $64,001 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $45 |
| Total operating and administrative expenses | $2,677 |
| Contributions, gifts, grants paid | $46,846 |
| Total expenses and disbursements | $49,523 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,155 |
| 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 | $2,155 |
| 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, Mjc Foundation Tr has awarded $46,846 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
WHITE PINE COUNTY 4-H YOUTH DEVELOPMENT PURPOSE: PIGS FOR 4-H PROJECT | $6,502 |
BRIGHAM YOUNG UNIVERSITY PURPOSE: SCHOOL SCHOLARSHIP | $5,000 |
ALLAN HANCOCK COLLEGE FOUNDATION PURPOSE: ANNUAL MEMBERSHIP | $1,000 |
CURE 4 THE KIDS FOUNDATION PURPOSE: CHARITABLE DONATION | $2,500 |
DIXIE TECHNICAL COLLEGE PURPOSE: SCHOOL SCHOLARSHIP | $10,000 |
FEATHER RIVER COMMUNITY COLLEGE PURPOSE: SCHOOL SCHOLARSHIP | $2,500 |