Mrb Foundation Inc
- Assets
- $472.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Martinsburg, WV
- Founding
- Data as of
- 06/2023
- EIN
- 87-2472691
Organization Overview
Mrb Foundation Inc is located in Martinsburg, WV. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mrb 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 06/2023, Mrb Foundation Inc generated $199.0k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 17.2% each year . All expenses for the organization totaled $182.8k during the year ending 06/2023. While expenses have increased by 25.9% per year over the past 2 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE FOUNDATION PROMOTED COMMUNITY RELATIONS AND UNDERSTANDING OF AVIATION BY ORGANIZING VARIOUS EVENTS THAT BROUGHT TOGETHER THOUSANDS OF MEMBERS OF THE LOCAL COMMUNITY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Marshall Chairman | 1 | $0 | |
Larry Dunn Vice Chairma | 0.5 | $0 | |
Maria Lorensen Secretary | 0.5 | $0 | |
Nicolas Diehl Treasurer | 3 | $0 | |
James Whitacre Member | 0.5 | $0 | |
Bart Rogers Member | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $165,648 |
| Total Program Service Revenue | $33,390 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $199,038 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $6,390 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $176,369 |
| Total expenses | $182,759 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $335,118 |
| Other assets | $0 |
| Total assets | $472,710 |
| Total liabilities | $450,015 |
| Net assets or fund balances | $22,695 |