Mjc Foundation Tr
- Assets
- $6.3k
- Revenue
- $411.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Hiko, NV
- Founding
- 04/2017
- Data as of
- 12/2021
- 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 12/2021, Mjc Foundation Tr generated $411.6k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 35.9% each year . All expenses for the organization totaled $408.5k during the year ending 12/2021. While expenses have increased by 39.5% 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.
Since 2016, Mjc Foundation Tr has awarded 57 individual grants totaling $1,337,791. 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
$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 | $411,602 |
| Interest on Savings | $2 |
| 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 | $411,604 |
| 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 | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $408,500 |
| Total expenses and disbursements | $408,500 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,311 |
| 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 | $6,311 |
| 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 $408,500 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Atlanta, GA PURPOSE: CHARITABLE DONATION TO HELP FUND EMERGENCY MEDICAL EXPENSES | $305,000 |
San Antonio, TX PURPOSE: CHARITABLE DONATION TO BENEFIT CHILDREN THROUGH THE ORGANIZATIONS HELP. | $82,000 |
BOYS AND GIRLS CLUBS OF SAN DIEGUITO PURPOSE: CHARITABLE DONATION | $10,000 |
WESTERN GOVERNORS UNIVERSITY PURPOSE: SCHOOL SCHOLARSHIP | $5,000 |
UTAH STATE UNIVERSITY PURPOSE: SCHOOL SCHOLARSHIP | $3,000 |
WESTERN NEVADA COMMUNITY COLLEGE PURPOSE: SCHOOL SCHOLARSHIP | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Humanity United San Francisco, CA | $82,516,947 | $35,858,577 |
Public Policy Institute Of California San Francisco, CA | $340,951,909 | $34,836,055 |
Kirk Humanitarian Salt Lake City, UT | $3,740,895 | $18,227,954 |
Singleton Foundation For Financial Literacy And Entrepreneurship Burbank, CA | $5,023,733 | $12,067,602 |
Draper Richards Kaplan Foundation Menlo Park, CA | $54,158,347 | $29,356,238 |
Oprah Winfrey Leadership Academy Foundation Los Angeles, CA | $17,969,443 | $12,010,898 |
Wadhwani Operating Foundation Los Altos, CA | $0 | $65,339,394 |
Henry T Nicholas Education Foundation Inc Santa Ana, CA | $712,720 | $5,509,546 |
Chinese Character A Day Foundation Huntington Beach, CA | $0 | $31,765 |
Janie And Donald Friend Foundation San Francisco, CA | $0 | $1,186,592 |
Tomkat Ranch Educational Foundation Pescadero, CA | $1,784,473 | $4,660,042 |
Pacific Research Institute For Public Policy Pasadena, CA | $22,104,229 | $7,799,578 |