Mbi Educational Foundation Inc

Organization Overview

Mbi Educational Foundation Inc is located in Charlottesville, VA. The organization was established in 2001. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Mbi Educational 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 12/2021, Mbi Educational Foundation Inc generated $38.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $22.7k during the year ending 12/2021. While expenses have increased by 2.3% 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.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION DEVELOPS CLASSES FOR THE ADVANCED EDUCATION AND TRAINING IN MODULAR CONSTRUCTION METHODS AND TECHNIQUES.


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $38,040
Interest on Savings $0
Dividends & Interest $0
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 $38,040

Grants Awarded

Over the last fiscal year, Mbi Educational Foundation Inc has awarded $6,500 in support to 3 organizations.

Grant RecipientAmount

REBECCA DEAN

PURPOSE: SCHOLARSHIP

$2,500

THERESA PISTOCHINI

PURPOSE: SCHOLARSHIP

$2,000

CIELOMINA GUMABON

PURPOSE: SCHOLARSHIP

$2,000
View Grant Profile

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