Mtm Foundation
- Assets
- $937.1k
- Revenue
- $222.9k
- Investments
- $887.4k
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 04/1999
- Data as of
- 12/2023
- EIN
- 37-1373062
Organization Overview
Mtm Foundation is located in Atlanta, GA. The organization was established in 1999. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mtm 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, Mtm Foundation generated $222.9k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 20.8% each year . All expenses for the organization totaled $542.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mtm Foundation has awarded 99 individual grants totaling $932,450. 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 |
|---|---|---|---|
Anthony M Masi Director | 0.25 | $0 | |
Maria L Masi-Kammerer Director | 0.25 | $0 | |
Christopher M Masi Director | 0.25 | $0 | |
Alfonse T Masi President | 0.25 | $0 | |
Nancy A Masi Secretary | 0.25 | $0 | |
Annette M Andelin V-President | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,138 |
| Dividends & Interest | $30,202 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $191,559 |
| Capital Gain Net Income | $5,490 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $222,899 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $758 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $173 |
| Total operating and administrative expenses | $2,856 |
| Contributions, gifts, grants paid | $540,000 |
| Total expenses and disbursements | $542,856 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,741 |
| Savings and temporary cash investments | $0 |
| 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 | $265,823 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $937,146 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $75,712 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $75,712 |
Grants Awarded
Over the last fiscal year, Mtm Foundation has awarded $548,200 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
AMNESTY INTERNATIONAL PURPOSE: PROGRAM SUPPORT | $1,000 |
INVECTUS WOODS ENDOWMENT FUND PURPOSE: ADDICTION RECOVERY PROGRAM SUPPORT | $1,000 |
MERCY CORPS PURPOSE: PROGRAM SUPPORT | $2,000 |
PARTNERS IN HEALTH PURPOSE: PROGRAM SUPPORT | $3,000 |
REMOTE AREA MEDICAL PURPOSE: PROGRAM SUPPORT | $1,200 |
UNIVERSITY OF ILLINOIS FOUNDATION PURPOSE: COLLEGE OF MEDICINE | $540,000 |