Thomas C & Maria M Mitchell Foundation
- Assets
- $1.9m
- Revenue
- $215.5k
- Investments
- $1.8m
- Employees
- 0
- Location
- Pennington, NJ
- Founding
- 02/2002
- Data as of
- 12/2023
- EIN
- 26-0006262
Organization Overview
Thomas C & Maria M Mitchell Foundation is located in Pennington, NJ. The organization was established in 2002. 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. Thomas C & Maria M Mitchell 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 12/2023, Thomas C & Maria M Mitchell Foundation generated $215.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (5.2%) each year. All expenses for the organization totaled $118.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.2%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Thomas C & Maria M Mitchell Foundation has awarded 58 individual grants totaling $1,215,406. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Mitchell President | 1 | $0 | |
Maria Mitchell Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $110,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $41,056 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $62,794 |
| Capital Gain Net Income | $62,794 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,662 |
| Total Revenue | $215,512 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,397 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $506 |
| Total operating and administrative expenses | $33,803 |
| Contributions, gifts, grants paid | $84,500 |
| Total expenses and disbursements | $118,303 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,203 |
| Savings and temporary cash investments | $141,109 |
| 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 | $476,400 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,906,799 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Thomas C & Maria M Mitchell Foundation has awarded $84,500 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
SAINTS PETER AND PAUL HIGH SCHOOL PURPOSE: UNRESTRICTED GENERAL | $10,000 |
SAINT PETER & PAUL PARISH PURPOSE: UNRESTRICTED GENERAL | $5,000 |
FRIENDS OF CEDAR LANE INC PURPOSE: UNRESTRICTED GENERAL | $2,500 |
RESPONSIBLE FATHERS INITIATIVE PURPOSE: UNRESTRICTED GENERAL | $1,000 |
INSTITUTE FOR RELIGION PURPOSE: UNRESTRICTED GENERAL | $2,000 |
YMCA OF THE CHESAPEAKE PURPOSE: UNRESTRICTED GENERAL | $1,000 |