Monsignor Mccann Community Fund
- Assets
- $2.9m
- Revenue
- $362.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Newton, IA
- Founding
- 04/2019
- Data as of
- 12/2021
- EIN
- 83-2017045
Organization Overview
Monsignor Mccann Community Fund is located in Newton, IA. The organization was established in 2019. According to its NTEE Classification (S19) the organization is classified as: Support N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Monsignor Mccann Community Fund 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 12/2021, Monsignor Mccann Community Fund generated $362.3k 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 (46.7%) each year. All expenses for the organization totaled $86.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
RECEIVE FUNDS FROM THE SALE OF CERTAIN ASSETS BY MCCANN VILLAGE CORPORATION AND PROVIDE YEARLY CASH GRANTS TO ORGANIZATIONS AND INDIVIDUALS WHO PERFORM CHARITABLE SERVICES TO THE CITIZENS OF NEWTON, IOWA AND JASPER COUNTY, IOWA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CASH GRANTS TO CHARITABLE SERVICE ORGANIZATIONS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Thayer President | OfficerTrustee | $0 | |
Timothy Bloom Treasurer | OfficerTrustee | $0 | |
Terry Townsend Vice President | OfficerTrustee | $0 | |
Jenna Seals Secretary | OfficerTrustee | $0 | |
Maureen Doty Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $75,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $75,000 |
| Total Program Service Revenue | $0 |
| Investment income | $287,255 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $362,255 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $70,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,307 |
| Fees for services: Other | $40 |
| Advertising and promotion | $1,433 |
| Office expenses | $0 |
| Information technology | $248 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $450 |
| All other expenses | $16 |
| Total functional expenses | $86,194 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $85,509 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $812,199 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,992,393 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,890,101 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $2,890,101 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,890,101 |
Grants Awarded
Over the last fiscal year, Monsignor Mccann Community Fund has awarded $65,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Newton, IA PURPOSE: FUND ONGOING PROGRAMMING BENEFITTING COMMUNITY | $35,000 |
Newton, IA PURPOSE: FUND COMMUNITY IMPROVEMENT PROJECT (SPLASH PAD) | $20,000 |
Hoffman Estates, IL PURPOSE: FUND ONGOING CHARITABLE SERVICES TO COMMUNITY | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
South Dakota Association Of Healthcare Organizations Healthcar Sioux Falls, SD | $484,759 | $2,193,981 |
Grow Greene County Gaming Corporation Jefferson, IA | $1,604,724 | $1,910,330 |
Educational Foundation Of The Mo Soc Of Cert Pub Accts Inc St Louis, MO | $355,307 | $1,392,196 |
Illinois Coalition For Community Services Springfield, IL | $268,054 | $992,624 |
Harlem Lake Marion Corp D B A Downtown Oak Park Oak Park, IL | $288,732 | $750,935 |
Brightstar Wisconsin Foundation Inc Milwaukee, WI | $10,555,163 | $1,965,225 |
Education Foundation Of The Ccim Institute Chicago, IL | $7,507,081 | $827,056 |
Schilke-Novak Kids Sports Trust Fremont, NE | $6,451,087 | $1,501,871 |
Crsi Education And Research Foundation Schaumburg, IL | $3,622,028 | $306,204 |
Friends Of Barringtons White House Nfp Barrington, IL | $1,958,437 | $548,953 |
Information Technology Certification Council Inc Chicago, IL | $424,689 | $214,711 |
Seward County Bridges Inc Seward, NE | $609,813 | $258,868 |