Michael J Ward Memorial Foundation Inc
- Assets
- $826.7k
- Revenue
- $63.8k
- Investments
- $739.3k
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 11/2011
- Data as of
- 05/2024
- EIN
- 45-1680045
Organization Overview
Michael J Ward Memorial Foundation Inc is located in Cincinnati, OH. The organization was established in 2011. 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. Michael J Ward Memorial 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 05/2024, Michael J Ward Memorial Foundation Inc generated $63.8k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $137.4k during the year ending 05/2024. While expenses have increased by 10.7% per year over the past 9 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John L Ward Pres, Treasurer, Director | 4 | $0 | |
Jennifer S Ward Secretary, Director | 40 | $0 | |
William M Schult Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $23,155 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $40,685 |
| Capital Gain Net Income | $40,685 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $63,840 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,879 |
| Depreciation | $0 |
| Occupancy | $110,628 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $22,833 |
| Total operating and administrative expenses | $137,390 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $137,390 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $87,370 |
| 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 | $739,310 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $826,680 |
| 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 |