Mtco Foundation

Organization Overview

Mtco Foundation is located in Metamora, IL. The organization was established in 2005. 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. Mtco 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 12/2021, Mtco Foundation generated $2.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.4%) each year. All expenses for the organization totaled $16.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (11.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Mtco Foundation has awarded 30 individual grants totaling $124,924. 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.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

N/A


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $0
Dividends & Interest $574
Net Rental Income$0
Net Gain on Sale of Assets $1,730
Capital Gain Net Income $1,730
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $2,304

Grants Awarded

Over the last fiscal year, Mtco Foundation has awarded $9,000 in support to 4 organizations.

Grant RecipientAmount

OPEN ARMS COMM CTR FOOD PANTRY

PURPOSE: COMMUNITY SUPPORT

$2,500

AMERICAN HEART ASSOCIATION

PURPOSE: GENERAL SUPPORT

$2,500

FAMILY CORE

PURPOSE: FUNDRAISER FOR FAMILIES IN NEED

$2,500

EMERGENCY 116 AMBULANCE

Org PageRecipient Profile

Metamora, IL

PURPOSE: COMMUNITY SUPPORT

$1,500
View Grant Profile

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