M&h Charitable Foundation
- Assets
- $244.7k
- Revenue
- $12.1k
- Investments
- $232.2k
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 02/2013
- Data as of
- 12/2022
- EIN
- 80-0772726
Organization Overview
M&h Charitable Foundation is located in Birmingham, AL. The organization was established in 2013. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. M&h Charitable 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 12/2022, M&h Charitable Foundation generated $12.1k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 20.2% each year . All expenses for the organization totaled $16.1k during the year ending 12/2022. While expenses have increased by 4.3% 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.
Since 2015, M&h Charitable Foundation has awarded 99 individual grants totaling $117,956. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hb Lee III Trustee | 1 | $0 | |
Christy C Lee Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5 |
| Dividends & Interest | $5,118 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,930 |
| Capital Gain Net Income | $6,930 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $12,053 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $136 |
| Total operating and administrative expenses | $1,662 |
| Contributions, gifts, grants paid | $14,430 |
| Total expenses and disbursements | $16,092 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,533 |
| Savings and temporary cash investments | $7,998 |
| 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 | $232,218 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $244,749 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, M&h Charitable Foundation has awarded $14,430 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
AUBURN UNIVERSITY FOUNDATION PURPOSE: GENERAL SUPPORT | $1,000 |
BIGTIME MINISTRIES PURPOSE: GENERAL SUPPORT | $250 |
BROOKWOOD BAPTIST CHURCH PURPOSE: MISSIONS | $8,000 |
GRACE AUBURN CHURCH PURPOSE: GENERAL SUPPORT | $250 |
MOUNTAIN BROOK SCHOOLS FOUNDATION PURPOSE: GENERAL SUPPORT | $180 |
M-POWER MINISTRIES PURPOSE: GENERAL SUPPORT | $500 |