The Mch Foundation Inc
- Assets
- $16.5m
- Revenue
- $2.2m
- Investments
- $9.3m
- Employees
- 0
- Location
- Plano, TX
- Founding
- 08/1995
- Data as of
- 05/2022
- EIN
- 75-2359010
Organization Overview
The Mch Foundation Inc is located in Plano, TX. The organization was established in 1995. According to its NTEE Classification (A50) the organization is classified as: Museums, 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. Mch 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 05/2022, Mch Foundation Inc generated $2.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $655.4k during the year ending 05/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A MUSEUM FOR EDUCATION AND PUBLIC DISPLAY OF ASIAN ARTWORK, TEXTILES AND ARTIFACTS INCLUDING PRESERVATION, RESTORATION AND SAFEKEEPING
PURCHASE CHINESE CLOISONNE ENAMEL TRIPOD CENSER FOR DISPLAY AT THE CLEVELEND MUSEUM OF ART
PURCHASE CHINESE RED LACQUER CIRCULAR BOX AND COVER FOR PUBLIC DISPLAY AT THE CLEVELAND MUSEUM OF ART
PURCHASE CHINESE CHUSHI FANGI HANGI HANGING SCROLL FOR PUBLIC DISPLAY AT THE CLEVELAND MUSEUM OF ART
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary R Hoskins President | 3 | $28,120 | |
Klaus Wagner Vp/tres | 1 | $26,512 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $135,007 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,364 |
| Capital Gain Net Income | $3,364 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,059,324 |
| Total Revenue | $2,197,695 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $54,632 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $191,961 |
| Depreciation | $52,937 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $519 |
| Printing and publications | $0 |
| Other expenses | $346,713 |
| Total operating and administrative expenses | $649,626 |
| Contributions, gifts, grants paid | $5,794 |
| Total expenses and disbursements | $655,420 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,688 |
| Savings and temporary cash investments | $745,057 |
| Net Accounts receivable | $0 |
| 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 | $5,339,249 |
| Net Land, buildings, and equipment | $138 |
| Other assets | $6,379,026 |
| Total assets | $16,488,919 |
| 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 | $9,977 |
| Total liabilities | $9,977 |
Grants Awarded
Over the last fiscal year, The Mch Foundation Inc has awarded $470,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Cleveland, OH PURPOSE: 2023 ASIAN ARTRESEARCH CONFERENCESHIPPING ARTWORK | $350,000 |
Cleveland, OH PURPOSE: ORGANIZE ASIANART & RESEARCH2023 CONFERENCE | $120,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Mch Foundation Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Winestock Foundation Inc Jacksonville, FL PURPOSE: SCHOLARSHIPS | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Holy Land Experience Ministries Inc Fort Worth, TX | $0 | $1,182,196 |
Museum Of The Bible Inc Oklahoma City, OK | $471,961,036 | $30,370,412 |
Commemorative Air Force Dallas, TX | $31,700,187 | $23,919,156 |
Witte Museum San Antonio, TX | $80,577,156 | $11,273,075 |
American Airpower Heritage Museum Inc Dallas, TX | $14,350,324 | $12,462,262 |
National Cowboy And Western Heritage Museum Inc Oklahoma City, OK | $111,505,092 | $15,269,819 |
Science Museum Oklahoma Inc Oklahoma City, OK | $87,882,272 | $6,278,809 |
Fort Worth Museum Of Science And History Fort Worth, TX | $55,575,767 | $8,824,812 |
Holocaust Museum Houston Houston, TX | $41,860,555 | $7,348,837 |
Gilcrease Museum Management Trust Tulsa, OK | $58,936,912 | $9,269,478 |
Lady Lex Museum On The Bay Association Corpus Christi, TX | $13,577,755 | $8,975,317 |
Medal Of Honor Museum Foundation Arlington, TX | $99,959,490 | $88,628,383 |