Mcp Foundation
- Assets
- $1.3m
- Revenue
- $360.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Springfield, OH
- Founding
- 06/2019
- Data as of
- 12/2022
- EIN
- 82-2889215
Organization Overview
Mcp Foundation is located in Springfield, OH. The organization was established in 2019. According to its NTEE Classification (T31) the organization is classified as: Community 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. Mcp 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, Mcp Foundation generated $360.4k in total revenue. All expenses for the organization totaled $18.2k during the year ending 12/2022. While expenses have increased by 14.5% per year over the past 4 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 2019, Mcp Foundation has awarded 28 individual grants totaling $102,051. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDS DISTRIBUTED TO LOCAL CHARITIES FOR COMMUNITY
FUNDS DISTRIBUTED FOR SCHOLARSHIIP TO FINANCIALLY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phyllis Queen President & CEO | 0 | $0 | |
Pearl Jones President & CEO | 0 | $0 | |
Roger Dennis Vice President | 0 | $0 | |
Judith Gilbert Secretary | 0 | $0 | |
Charles Borden Executive Dir. | 0 | $0 | |
Sandra Boyd Executive Dir. | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $360,395 |
| 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 | $360,395 |
| 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 | $169 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $70 |
| Total operating and administrative expenses | $239 |
| Contributions, gifts, grants paid | $18,000 |
| Total expenses and disbursements | $18,239 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $604,228 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $652,790 |
| Other assets | $0 |
| Total assets | $1,257,018 |
| 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, Mcp Foundation has awarded $14,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
LIFTED BY LOVE PURPOSE: PROVIDING LIVING EXPENSES FOR TEEN MOMS | $2,000 |
GREATER GRACE TEMPLE PURPOSE: PROVIDE FUNDS FOR FOOD PANTRY | $4,000 |
SALVATION ARMY PURPOSE: PROVIDED FUNDS FOR OUTH PREVENTION, HOUSING, FOOD AND CLOTHING | $2,000 |
INTERFAITH HOSPITALITY NETWORK PURPOSE: ASSIST HOMELESS FAMILIES | $2,000 |
ST JOHN BAPTIST CHURCH PURPOSE: USED FOR FOOD PANTRY | $2,000 |
DR WILL T WASHINGTON PURPOSE: FOOD AND CLOTHING FOR HOMELESS | $2,000 |