Monsignor Mccann Community Fund
- Assets
- $2.6m
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Newton, IA
- Founding
- 04/2019
- Data as of
- 12/2022
- 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
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
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Thayer President | OfficerTrustee | $0 | |
Maureen Doty Director | Trustee | $0 | |
Timothy Bloom Treasurer | OfficerTrustee | $0 | |
Terry Townsend Vice President | OfficerTrustee | $0 | |
Jenna Seals Secretary | OfficerTrustee | $0 | |
FR Tony Herold 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | -$161,911 |
| 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 | $0 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $70,556 |
| 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 | $8,972 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $199 |
| 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 | $0 |
| Total functional expenses | $80,877 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $64,015 |
| 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 | $784,287 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,799,011 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,647,313 |
| 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 | $2,647,313 |
| 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 | $2,647,313 |
Grants Awarded
Over the last fiscal year, Monsignor Mccann Community Fund has awarded $58,756 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
NEWTON YMCA PURPOSE: SEE PART IV SUPPLEMENTAL INFO | $35,000 |
SALVATION ARMY PURPOSE: SEE PART IV SUPPLEMENTAL INFO | $10,000 |
DMACC NEWTON PURPOSE: SEE PART IV SUPPLEMENTAL INFO | $6,000 |
NEWTON YOUTH WRESTLING PURPOSE: SEE PART IV SUPPLEMENTAL INFO | $7,756 |