M F A Foundation
- Assets
- $17.6m
- Revenue
- $1.6m
- Investments
- $16.8m
- Employees
- 0
- Location
- Columbia, MO
- Founding
- 07/1961
- Data as of
- 06/2022
- EIN
- 43-6026877
Organization Overview
M F A Foundation is located in Columbia, MO. The organization was established in 1961. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. M F A 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 06/2022, M F A Foundation generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (6.2%) each year. All expenses for the organization totaled $907.0k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS TO STUDENTS TO ATTEND COLLEGES AND UNIVERSITIES - APPROXIMATELY 223 BENEFICIARIES
CONTRIBUTIONS TO OTHER CHARITABLE ORGANIZATIONS - APPROXIMATELY 17 BENEFICIARIES
CONTRIBUTIONS TO COLLEGES AND UNIVERSITIES - APPROXIMATELY 5 BENEFICIARIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jon Ihler President | 1 | $0 | |
Ernie Verslues Vice Preside | 1 | $0 | |
Pam Hiller Secretary/tr | 4 | $0 | |
Chris Demoss Trustee | 0 | $0 | |
Steve Fairchild Trustee | 0 | $0 | |
Kelly Glor Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $87,012 |
| Interest on Savings | $0 |
| Dividends & Interest | $407,320 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,096,190 |
| Capital Gain Net Income | $1,096,190 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,590,522 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20,156 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $353 |
| Printing and publications | $434 |
| Other expenses | $116,529 |
| Total operating and administrative expenses | $145,872 |
| Contributions, gifts, grants paid | $761,100 |
| Total expenses and disbursements | $906,972 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $72,981 |
| Savings and temporary cash investments | $781,709 |
| 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 | $6,239,082 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $17,624,476 |
| 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 | $73,540 |
| Total liabilities | $73,540 |