Milton Matthews Foundation Inc
- Assets
- $56.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Landover, MD
- Founding
- 01/1997
- Data as of
- 12/2022
- EIN
- 90-0028453
Organization Overview
Milton Matthews Foundation Inc is located in Landover, MD. The organization was established in 1997. 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. Milton Matthews 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 12/2022, Milton Matthews Foundation Inc generated $108.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (8.2%) each year. All expenses for the organization totaled $115.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.5%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Milton Matthews Chairman & CEO | 20 | $0 | |
Linda H Matthews President | 15 | $0 | |
Donna Sandiford Manager | 20 | $5,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $108,358 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $108,358 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $3,628 |
| Salaries, other compensation, and employee benefits | $12,341 |
| Professional fees and other payments to independent contractors | $6,319 |
| Occupancy, rent, utilities, and maintenance | $77,602 |
| Printing, publications, postage, and shipping | $9 |
| Other expenses | $15,419 |
| Total expenses | $115,318 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $4,564 |
| Other assets | $0 |
| Total assets | $56,698 |
| Total liabilities | $0 |
| Net assets or fund balances | $56,698 |