Mature Resources Foundation
- Assets
- $6.0m
- Revenue
- $848.9k
- Investments
- $4.8m
- Employees
- 5
- Location
- Curwensville, PA
- Founding
- 03/1993
- Data as of
- 06/2023
- EIN
- 25-1702057
Organization Overview
Mature Resources Foundation is located in Curwensville, PA. The organization was established in 1993. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2023, Mature Resources Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mature Resources 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 06/2023, Mature Resources Foundation generated $848.9k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 22.2% each year . All expenses for the organization totaled $486.5k during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT THE CLEARFIELD COUNTY AREA AGENCY ON AGING, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Kovalick President | Trustee | 0 | $0 |
Jim Moyer Vice- President | Trustee | 0 | $0 |
Michael Matten Treasurer | Trustee | 0 | $0 |
Marcia Belin Secretary | Trustee | 0 | $0 |
Kathleen Gillespie CEO | Officer | 0 | $0 |
Todd Grady CFO | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $240,556 |
| Government grants | $280,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,314 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $526,870 |
| Total Program Service Revenue | $0 |
| Investment income | $47,120 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $28,979 |
| 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 | $848,923 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $323,648 |
| Pension plan accruals and contributions | $13,693 |
| Other employee benefits | $23,454 |
| Payroll taxes | $26,374 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,994 |
| Office expenses | $6,781 |
| Information technology | $15,306 |
| Royalties | $0 |
| Occupancy | $16,968 |
| 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 | $39,656 |
| All other expenses | $15,623 |
| Total functional expenses | $486,497 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,252 |
| Savings and temporary cash investments | $21,792 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $34,619 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $56,196 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,047,540 |
| Investments—other securities | $4,777,349 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $29,105 |
| Total assets | $5,978,853 |
| Accounts payable and accrued expenses | $69,927 |
| Grants payable | $0 |
| Deferred revenue | $9,124 |
| 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 | $2,020,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $452,284 |
| Total liabilities | $2,551,335 |
| Net assets without donor restrictions | $3,427,518 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| 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 | $5,978,853 |