Mtd Employee Support Foundation
- Assets
- $0.0
- Revenue
- $9.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Strongsville, OH
- Founding
- 04/2012
- Data as of
- 12/2022
- EIN
- 45-4553898
Organization Overview
Mtd Employee Support Foundation is located in Strongsville, OH. The organization was established in 2012. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mtd Employee Support 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 12/2022, Mtd Employee Support Foundation generated $9.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (28.7%) each year. All expenses for the organization totaled $4.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (32.6%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE FOUNDATION IS TO PROVIDE AID AND ASSISTANCE TO EMPLOYEES OF MTD PRODUCTS INC AND SUBSIDIARIES ("MTD") AS WELL AS MEMBERS OF THEIR FAMILIES OR HOUSEHOLDS IN CASE OF NATURAL OF CIVIL DISASTER EMERGENCY HARDSHIP, SEVERE ECONOMIC HARDSHIP IN THE FAMILY DUE TO ILLNESS, DEATH, OR ACCIDENT, CRIME, OR SIMILAR CIRCUMSTANCES FOR REASONS BEYOND THEIR CONTROL, WHERE THE EMPLOYEE HAS LIMITED OTHER MEANS TO COPE WITH THE HARDSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MTD EMPLOYEE SUPPORT FOUNDATION PROVIDED AID AND ASSISTANCE TO EMPLOYEES OF MTD PRODUCTS INC AND SUBSIDIARIES AND AFFILIATES AS WELL AS TO MEMBERS OF THEIR IMMEDIATE FAMILY AND HOUSEHOLD MEMBERS IN THE CASE OF NATURAL OR CIVIL DISASTER, EMERGENCY OR HARDSHIP, FOR REASONS BEYOND THE RECIPIENT'S CONTROL AND WHERE THE RECIPIENT HAD LIMITED FINANCIAL MEANS TO COPE WITH THE HARDSHIP.IN 2022, THE ENTITY WAS IN PROCESS OF DISSOLUTION AND TRANSFERRED ITS REMAINING ASSETS TO EMERGENCY ASSISTANCE FOUNDATION, INC. TO PROVIDE FUNDING FOR EMPLOYEE HARDSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Curtis E Moll President | OfficerTrustee | 0.5 | $0 |
Theodore S Moll Vice President | OfficerTrustee | 0.5 | $0 |
Lawrence Muscarella Secretary | OfficerTrustee | 5 | $0 |
Veronica Lopez Director | Trustee | 0.5 | $0 |
Steve Baker Director | Trustee | 0.5 | $0 |
Bill Condo Director | Trustee | 0.5 | $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 | $9,104 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,104 |
| Total Program Service Revenue | $0 |
| Investment income | $1 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,105 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $3,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| 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 | $1,415 |
| All other expenses | $0 |
| Total functional expenses | $4,515 |
| 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 |