Mmg Foundation Inc
- Assets
- $159.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Foresthill, CA
- Founding
- 06/2004
- Data as of
- 12/2017
- EIN
- 54-2076581
Organization Overview
Mmg Foundation Inc is located in Foresthill, CA. The organization was established in 2004. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mmg 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 12/2017, Mmg Foundation Inc generated $60.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (21.3%) each year. All expenses for the organization totaled $13.9k during the year ending 12/2017. As we would expect to see with falling revenues, expenses have declined by (56.3%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2017
Describe the Organization's Program Activity:
Part 3
MMG PROVIDED SUPPORT FOR ARTS PROGRAMS IN SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Martin President | 15 | $0 | |
William Martin Vice President | 5 | $0 | |
John Remsbacher Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $60,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $60,000 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $646 |
| Occupancy, rent, utilities, and maintenance | $12,000 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,219 |
| Total expenses | $13,865 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $53,375 |
| Other assets | $0 |
| Total assets | $158,975 |
| Total liabilities | $0 |
| Net assets or fund balances | $158,975 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mmg Foundation Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lazy Mf Trust Irvine, CA | $2,742,949 | $392,168 |
Thru Guidance Ministries Los Angeles, CA | $2,841,551 | $7,857,035 |
Inner-City Arts Los Angeles, CA | $18,610,203 | $5,566,146 |
House Of Blues Music Forward Foundation Beverly Hills, CA | $3,094,278 | $3,522,048 |
School Of Arts And Culture At Mhp San Jose, CA | $8,721,548 | $4,861,362 |
Wayne Thiebaud Foundation Sacramento, CA | $135,503,481 | $2,669,000 |
California Jazz Conservatory Inc Berkeley, CA | $7,248,479 | $2,565,384 |
Arts For Healing And Justice Network Long Beach, CA | $3,982,925 | $3,271,300 |
Youth Music Project West Linn, OR | $1,663,643 | $2,050,654 |
Djerassi Resident Artists Program Woodside, CA | $5,870,903 | $1,216,127 |
Ecole Claire Fontaine Venice, CA | $713,103 | $1,915,920 |
Orange County Childrens Therapeutic Arts Center Santa Ana, CA | $262,171 | $1,492,328 |