The Mch Foundation Inc
- Assets
- $17.3m
- Revenue
- $2.0m
- Investments
- $9.9m
- Employees
- 0
- Location
- Plano, TX
- Founding
- 08/1995
- Data as of
- 05/2023
- 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 05/2023, Mch Foundation Inc generated $2.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $1.2m during the year ending 05/2023. While expenses have increased by 7.3% per year over the past 8 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
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 SAKAI HOITSU HANGING SCROLL FOR DISPLAY AT THE CLEVELEND MUSEUM OF ART
PURCHASE CHINESE BLUE & WHITE WEST LAKE VASE GUANYIN ZUN KANGXI FOR PUBLIC DISPLAY AT THE CLEVELAND MUSEUM OF ART
PURCHASE CHINESE ZHOU WENDE 1973 PAINTING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary R Hoskins President | 3 | $25,881 | |
Klaus Wagner Vp/tres | 1 | $27,906 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,915 |
| Dividends & Interest | $204,242 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$8,365 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,799,747 |
| Total Revenue | $2,000,539 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $53,787 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $266,308 |
| Depreciation | -$22,093 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,534 |
| Printing and publications | $0 |
| Other expenses | $432,477 |
| Total operating and administrative expenses | $736,227 |
| Contributions, gifts, grants paid | $480,205 |
| Total expenses and disbursements | $1,216,432 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,323 |
| Savings and temporary cash investments | $778,811 |
| 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 | $6,010,139 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $6,566,457 |
| Total assets | $17,273,139 |
| 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 | $10,090 |
| Total liabilities | $10,090 |
Grants Awarded
Over the last fiscal year, The Mch Foundation Inc has awarded $480,205 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
WAGNER BAYREUTH SCHOLARSHIP PURPOSE: SCHOLARSHIPFUND FOR ASIANSTUDENTS | $10,205 |
THE CLEVELAND MUSEUM OF ART PURPOSE: 2023 ASIAN ARTRESEARCH CONFERENCEEXHIBITION SUPPORT | $120,000 |
THE CLEVELAND MUSEUM OF ART PURPOSE: 2023 ASIAN ARTRESEARCH CONFERENCESHIPPING ARTWORK | $350,000 |