Mitsubishi Electric America Foundation
- Assets
- $29.0m
- Revenue
- $2.3m
- Investments
- $28.8m
- Employees
- 0
- Location
- Arlington, VA
- Founding
- 02/1991
- Data as of
- 03/2024
- EIN
- 52-1700855
Organization Overview
Mitsubishi Electric America Foundation is located in Arlington, VA. The organization was established in 1991. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mitsubishi Electric America 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 03/2024, Mitsubishi Electric America Foundation generated $2.3m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $2.2m during the year ending 03/2024. While expenses have increased by 5.3% per year over the past 5 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 2019, Mitsubishi Electric America Foundation has awarded 1,138 individual grants totaling $9,529,503. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angela Arlia Director | 0.5 | $0 | |
Jared Baker Director | 0.5 | $0 | |
Tricia Breeger Director | 0.5 | $0 | |
Michael Corbo President And Director | 1 | $0 | |
Chris Gerdes Director | 0.5 | $0 | |
Rebekka Herrington As Of 31424 Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $736,161 |
| Interest on Savings | $0 |
| Dividends & Interest | $756,718 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $797,914 |
| Capital Gain Net Income | $797,914 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,290,793 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $114,895 |
| Other employee salaries and wages | $100,754 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $55,622 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $23,513 |
| Printing and publications | $2,993 |
| Other expenses | $51,956 |
| Total operating and administrative expenses | $456,266 |
| Contributions, gifts, grants paid | $1,702,726 |
| Total expenses and disbursements | $2,158,992 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $150,793 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $54,834 |
| 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 | $3,147,923 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $9,317 |
| Total assets | $29,049,146 |
| Accounts payable and accrued expenses | $29,495 |
| 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 | $194,301 |
| Total liabilities | $223,796 |
Grants Awarded
Over the last fiscal year, Mitsubishi Electric America Foundation has awarded $4,305,081 in support to 328 organizations.
| Grant Recipient | Amount |
|---|---|
4 PAWS FOR ABILITY INC PURPOSE: LITTER SPONSORSHIP PARTIAL DONATION | $3,000 |
A LEAGUE OF THEIR OWN INC PURPOSE: DONATION | $2,000 |
A PLACE TO TURN INC PURPOSE: LEAF RAKING FOR SENIORS | $242 |
A PLACE TO TURN INC PURPOSE: LEAF RAKING FOR SENIORS | $58 |
A PLACE TO TURN INC PURPOSE: DIAPER COLLECTION | $80 |
A SAFE PLACE PURPOSE: GIVING TREE | $1,535 |