Mbh Foundation Inc
- Assets
- $130.8k
- Revenue
- $50.7k
- Investments
- $103.5k
- Employees
- 0
- Location
- Brightwaters, NY
- Founding
- 06/2015
- Data as of
- 12/2022
- EIN
- 46-4299866
Organization Overview
Mbh Foundation Inc is located in Brightwaters, NY. The organization was established in 2015. 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. Mbh Foundation Inc 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, Mbh Foundation Inc generated $50.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 30.6% each year . All expenses for the organization totaled $63.4k during the year ending 12/2022. While expenses have increased by 5.5% 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 2016, Mbh Foundation Inc has awarded 77 individual grants totaling $303,118. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE, FURTHER AND SUPPORT SELECTED CHARITABLE ACTIVITIES THROUGH GRANTS, FUNDING AND FINANCIAL ASSISTANCE TO VARIOUS INDIVIDUALS, INSTITUTIONS AND ORGANIZATIONS; TO AID, ENCOURAGE, STIMULATE, FOSTER AND PROMOTE ARTISTIC AND CULTURAL ACTIVITIES THROUGH GRANTS, BEQUESTS, GIFTS OR OTHERWISE TO INDIVIDUALS, GROUPS, INSTITUTIONS, AND ORGANIZATIONS; TO ACCEPT, HOLD, INVEST, REINVEST AND ADMINISTER ANY GIFTS, BEQUESTS, DEVISES, BENEFITS OF TRUST (BUT NOT TO ACT AS TRUSTEE OF ANY TRUST), AND PROPERTY OF ANY SORT WITHOUT LIMITATION AS TO THE AMOUNT OR VALUE AND TO USE, DISBURSE OR DONATE THE INCOME OR PRINCIPAL THEREOF EXCLUSIVELY FOR CHARITABLE PURPOSES; TO RAISE FUNDS AND SOLICIT DONATIONS FROM INTERESTED INDIVIDUALS, CHARITABLE, EDUCATIONAL, AND SCIENTIFIC ORGANIZATIONS AND FOUNDATIONS, AND OTHER INTERESTED ORGANIZATIONS AND FOUNDATIONS, AGENCIES, INSTITUTIONS, ASSOCIATIONS AND CORPORATATIONS AND TO ADMINISTER AND EXPEND SUCH FUNDS IN FURTHERANCE OF THE CORPORATE GOALS AND PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William F Hickey Director | 10 | $0 | |
Margaret M Hickey Director | 10 | $0 | |
Kerry Hagen Director | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6 |
| Dividends & Interest | $50,699 |
| 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 | $50,705 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,612 |
| Total operating and administrative expenses | $4,612 |
| Contributions, gifts, grants paid | $58,825 |
| Total expenses and disbursements | $63,437 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,243 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $1,000 |
| 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 | $130,791 |
| 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, Mbh Foundation Inc has awarded $58,825 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
CAMP PA QUA TUCK PURPOSE: SUMMER PROGRAM FOR DISADVANTAGED KIDS | $5,000 |
EDUCATION AND HOPE PURPOSE: EDUCATION | $2,500 |
FORDHAM UNIVERSITY PURPOSE: EDUCATION | $2,000 |
MERCY HAVEN INC PURPOSE: COMMUNITY SUPPORT | $2,500 |
PAL O MINE EQUESTRIAN PURPOSE: THERAPEUTIC & RECREATIONAL HORSEBACK PROGRAMS, FOR INDIVIDUALS WITH DISABILITIES | $2,500 |
PMC THE JIMMY FUND PURPOSE: SUPPORT ADULT AND PEDIATRIC CANCER CARE | $500 |