Mha Foundation
- Assets
- $55.1m
- Revenue
- $3.5m
- Investments
- $34.6m
- Employees
- 6
- Location
- Payson, AZ
- Founding
- 06/2015
- Data as of
- 06/2022
- EIN
- 47-3980933
Organization Overview
Mha Foundation is located in Payson, AZ. The organization was established in 2015. According to its NTEE Classification (E99) the organization is classified as: Health Care N.E.C., under the broad grouping of Health Care and related organizations. As of 06/2022, Mha Foundation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mha 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, Mha Foundation generated $3.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 19.6% each year . All expenses for the organization totaled $2.1m during the year ending 06/2022. While expenses have increased by 20.0% 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 2020, Mha Foundation has awarded 95 individual grants totaling $1,426,321. 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
HEALTH AND EDUCATION- TO PROMOTE RURAL HEALTH AND EDUCATION FOR MEMBERS OF RIM COUNTRY COMMUNITIES THROUGH PROGRAMS, ACTIVITIES, GRANTS, AND SCHOLARSHIPS. ALSO, TO DEVELOP A MULTI-UNIVERSITY CAMPUS FOR RURAL HIGHER EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heather Stage Chief Administrative Officer | 40 | $72,931 | |
Kenny Evans President | 40 | $0 | |
Cliff Potts Vice President | 1 | $0 | |
John Naughton Treasurer | 1 | $0 | |
Jonnie Geen Secretary | 1 | $0 | |
Jennifer Smith Executive Board Member | 20 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Redden Construction | 6/29/22 | $88,738 |
Axis Culture Group | 6/29/22 | $60,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $35,375 |
| Interest on Savings | $0 |
| Dividends & Interest | $997,215 |
| Net Rental Income | $161,667 |
| Net Gain on Sale of Assets | $2,322,478 |
| Capital Gain Net Income | $2,322,478 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $9,766 |
| Total Revenue | $3,526,501 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $72,931 |
| Other employee salaries and wages | $98,635 |
| Pension plans, employee benefits | $22,281 |
| Interest | $0 |
| Taxes | $76,013 |
| Depreciation | $60,277 |
| Occupancy | $12,894 |
| Travel, conferences, and meetings | $3,253 |
| Printing and publications | $2,147 |
| Other expenses | $1,167,054 |
| Total operating and administrative expenses | $1,756,495 |
| Contributions, gifts, grants paid | $333,782 |
| Total expenses and disbursements | $2,090,277 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $174,138 |
| Savings and temporary cash investments | $1,841,684 |
| Net Accounts receivable | $24,137 |
| 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 | $107,590 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $4,582,417 |
| Net Land, buildings, and equipment | $2,436,823 |
| Other assets | $15,910,634 |
| Total assets | $55,069,911 |
| Accounts payable and accrued expenses | $86,850 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $12,814,705 |
| Other liabilities | $1,000 |
| Total liabilities | $12,902,555 |
Grants Awarded
Over the last fiscal year, Mha Foundation has awarded $333,782 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
ROSS UNIVERSITY SCHOOL OF MEDICINE PURPOSE: SCHOLARSHIPS | $1,500 |
EASTERN ARIZONA COLLEGE PURPOSE: SCHOLARSHIPS | $29,800 |
PAYSON FIRE DEPARTMENT PURPOSE: GENERAL SUPPORT | $50,000 |
ASPIRE ARIZONA FOUNDATION PURPOSE: GENERAL SUPPORT | $12,461 |
PAYSON HIGH SCHOOL PURPOSE: GENERAL SUPPORT | $7,812 |
TIME OUT INC PURPOSE: GENERAL SUPPORT | $7,500 |