Mrca Foundation Inc
- Assets
- $692.3k
- Revenue
- $164.7k
- Investments
- $151.4k
- Employees
- 0
- Location
- Dayton, OH
- Founding
- 01/1989
- Data as of
- 12/2022
- EIN
- 43-1495286
Organization Overview
Mrca Foundation Inc is located in Dayton, OH. The organization was established in 1989. 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. Mrca 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, Mrca Foundation Inc generated $164.7k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.3% each year . All expenses for the organization totaled $119.0k during the year ending 12/2022. While expenses have increased by 19.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION'S PURPOSE IS TO ENGAGE IN ACTIVITIES FOR EDUCATIONAL PURPOSES INCLUDED BUT NOT LIMITED TO THE ENHANCEMENT OF EDUCATIONAL OPPORTUNITIES FOR AND WITHHIN THE ROOFING, WATERPROOFING, INSULATION AND SIDING INDUSTRY. THESE INCLUDE SCHOLARSHIPS; SUPPORT OF EDUCATIONAL INSTITUIONS; SUPPORT OF EDUCATIONAL PROGRAMS; AND INDUSTRY RESEARCH. SCHOLARSHIPS ARE AWARDED TO STUDENTS PURSUING A CIRRICULUM AT AN ACCREDITED UNIVERSITY, COLLEGE, COMMUNITY COLLEGE, VOCATION OR TRADE SCHOOL, WHICH WILL LEAD TO A CAREER IN THE CONSTRUCTION INDUSTRY. ONE OR MORE AWARDS ARE MADE AVAILABLE ANNUALLY. THE NUMBER AND AMOUNT OF SCHOLARSHIPS AWARDED IS DETERMINED BY THE FOUNDATION'S DIRECTORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS-THE RECIPIENT OF THE FOUNDATION'S SCHOLARSHIPS ARE DETERMINED BASED ON THE INFORMATION SUBMITTED TO THE FOUNDATION BY STUDENTS INTERESTED IN CAREERS IN THE CONSTRUCTION INDUSTRY. THE STUDENTS COMPLETE A SCHOLARSHIP AWARD APPLICATION PROVIDING THE FOUNDATION'S DIRECTORS WITH RELEVANT INFORMATION USED TO MAKE A SELECTION. SCHOLARSHIP RECIPIENTS ARE SELECTED ON THE BASIS OF ACADEMIC PERFORMANCE, EMPLOYMENT EXPERIENCE, FINANCIAL NEED, LETTERS OF RECOMMENDATION, AND A DEMONSTRATED DESIRE TO PURSUE A CAREER IN THE CONSTRUCTION INDUSTRY. ALL PERSONS, IRRESPECTIVE OF RACE, GENDER, CREED OR NATIONAL ORIGIN, WHO SATISFY THE ELIGIBILITY REQUIREMENT AND MAKE A TIMELY APPLICATION, ARE CONSIDERED FOR THE SCHOLARSHIP AWARD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Bloom Vice Preside | OfficerTrustee | 2 | $0 |
Fred Horner President/ch | OfficerTrustee | 2 | $0 |
Kelly Lea Director | Trustee | 2 | $0 |
Laurie Moore Director | Trustee | 2 | $0 |
Bob Pope Executive Di | OfficerTrustee | 0 | $0 |
Bob Poutre Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,300 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,515 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,815 |
| Total Program Service Revenue | $0 |
| Investment income | $13,175 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$17,871 |
| Net Income from Fundraising Events | $154,580 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $164,699 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $100,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $2,657 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,936 |
| Fees for services: Other | $0 |
| Advertising and promotion | $700 |
| Office expenses | $3,008 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $940 |
| All other expenses | $0 |
| Total functional expenses | $119,044 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $238,656 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $302,258 |
| Investments—other securities | $151,356 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $692,270 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $692,270 |
| 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 | $692,270 |