J S Mack Foundation
- Assets
- $2.2m
- Revenue
- $171.3k
- Investments
- $560.8k
- Employees
- 0
- Location
- Indiana, PA
- Founding
- 07/1942
- Data as of
- 12/2021
- EIN
- 25-6002036
Organization Overview
J S Mack Foundation is located in Indiana, PA. The organization was established in 1942. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. J S Mack 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, J S Mack Foundation generated $171.3k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 16.1% each year . All expenses for the organization totaled $289.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION OWNS A PARK WHICH IS LOCATED IN INDIANA BOROUGH, PA AND WHITE TOWNSHIP, PA. THE PARK INCLUDES A SWIMMING POOL, PICNIC AREAS, CHILDRENS'RECREATIONAL EQUIPMENT, PAVILLIONS,LVESTOCK BARNS, EXHIBIT BUILDINGS, TRACK, GRANDSTANDS, AND ATHLETIC FIELDS. THE SWIMMING POOL IS OPERATED BY THE COUNTY YMCA. VARIOUS SPORTS ACTIVITIES FOR BOTH YOUTH AND ADULTS TAKE PLACE WITHIN THE PARK. IN 2010, THE FOUNDATION COMPLETED WORK ON A 1,226,000 RENOVATION TO ITS SWIMMING POOL. IN 2013, THE SWIMMING POOL BUILDING, WHICH INCLUDES BATHROOMS, CHANGING AREAS, LIFE GUARD FACILITIES, AND A CONCESSION AREA WERE RENOVATED AT A COST OF 639,000. THESE MAJOR UPGRADES WERE FUNDED WITH PUBLIC AND CORPORATE DONATIONS, STATE AND LOCAL GRANTS, AND DEBT. A LINE OF CREDIT WAS ESTABLISHED WITH A LOCAL BANK TO PROVIDE BRIDGE FINANCING FOR THESE PROJECTS. IN 2015, A PORTION OF THIS LINE WAS CONVERTED INTO A TERM LOAN BEING REPAID OVER A TEN YEAR PERIOD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan Mack President | 5 | $0 | |
William Simmons Trustee | 0.1 | $0 | |
Robert Pollock Trustee | 0.1 | $0 | |
Michael Clark Trustee | 0.1 | $0 | |
Gregory Holsinger Sec/treas | 0.25 | $0 | |
David Moore Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $101,525 |
| Interest on Savings | $0 |
| Dividends & Interest | $11,608 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $34,699 |
| Capital Gain Net Income | $398 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $23,430 |
| Total Revenue | $171,262 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $37,821 |
| Pension plans, employee benefits | $5,545 |
| Interest | $8,202 |
| Taxes | $412 |
| Depreciation | $133,095 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $618 |
| Printing and publications | $0 |
| Other expenses | $84,078 |
| Total operating and administrative expenses | $289,656 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $289,656 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,667 |
| Savings and temporary cash investments | $26,136 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $1,594,712 |
| Other assets | $0 |
| Total assets | $2,205,331 |
| Accounts payable and accrued expenses | $1,050 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $168,540 |
| Other liabilities | $0 |
| Total liabilities | $169,590 |
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