National Machinery Foundation Inc
- Assets
- $15.6m
- Revenue
- -$2.9m
- Investments
- $15.0m
- Employees
- 0
- Location
- Tiffin, OH
- Founding
- 01/1949
- Data as of
- 12/2022
- EIN
- 34-6520191
Organization Overview
National Machinery Foundation Inc is located in Tiffin, OH. The organization was established in 1949. 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. National Machinery 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, National Machinery Foundation Inc generated -$2.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 27.7% each year . All expenses for the organization totaled $841.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, National Machinery Foundation Inc has awarded 853 individual grants totaling $8,355,489. 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 |
|---|---|---|---|
Larry Baker President | 5 | $18,000 | |
Andrew Kalnow Chairman | 0 | $0 | |
John Bolte Secretary | 0 | $0 | |
Loretta Kaplan Trustee | 0 | $0 | |
Carl Kalnow Trustee | 0 | $0 | |
Drew Kalnow Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $283,896 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$174,721 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$3,015,838 |
| Total Revenue | -$2,906,663 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $18,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,598 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $4,824 |
| Other expenses | $2,650 |
| Total operating and administrative expenses | $60,440 |
| Contributions, gifts, grants paid | $781,004 |
| Total expenses and disbursements | $841,444 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,319 |
| Savings and temporary cash investments | $446,228 |
| 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 | $14,569,262 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $4,530 |
| Total assets | $15,556,761 |
| Accounts payable and accrued expenses | $6,250 |
| Grants payable | $991,718 |
| 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 | $997,968 |
Grants Awarded
Over the last fiscal year, National Machinery Foundation Inc has awarded $743,475 in support to 75 organizations.
| Grant Recipient | Amount |
|---|---|
INDIVIDUAL ASSISTANCE - 166 GRANTS PURPOSE: INDIVIDUALS IN NEED | $83,827 |
ALZHEIMER'S ASSOCIATION NORTHWEST PURPOSE: WALK TO END ALZHEIMER'S | $1,000 |
AMERICAN CIVIL WAR MUSEUM OF OHIO PURPOSE: REPLACE PRINTER | $3,000 |
AMERICAN RED CROSS PURPOSE: DISASTER PREPAREDNESS | $10,000 |
BOY SCOUTS PURPOSE: EAGLE SCOUT PROJECT | $250 |
CALVERT CATHOLIC SCHOOLS PURPOSE: ZIP ZALAR BASEBALL COMPLEX | $500 |