Molalla Communications Educational Foundation Inc
- Assets
- $5.3m
- Revenue
- $915.0k
- Investments
- $5.0m
- Employees
- 0
- Location
- Molalla, OR
- Founding
- 02/2012
- Data as of
- 12/2023
- EIN
- 45-3983646
Organization Overview
Molalla Communications Educational Foundation Inc is located in Molalla, OR. The organization was established in 2012. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Molalla Communications Educational 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 12/2023, Molalla Communications Educational Foundation Inc generated $915.0k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $368.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Molalla Communications Educational Foundation Inc has awarded 487 individual grants totaling $961,617. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
CITY OF MOLALLA - PUBLIC PARKS PROJECT
MOLALLA RIVER SCHOOL DISTRICT - VARIOUS HIGH SCHOOL SPONSORSHIP EVENTS
MOLALLA ADULT COMMUNITY CENTER - CHARITABLE FUNDING
MOLALLA BOOSTER CLUB - HIGH SCHOOL GRAD PARTY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ed Stafford Director | 1 | $0 | |
Marci Marsh President | 1 | $0 | |
Kae Wise Vice President | 1 | $0 | |
Lorraine Peters Secretary | 1 | $0 | |
Ron Jones Director | 1 | $0 | |
Rick Dishner Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $650,000 |
| Interest on Savings | $15 |
| Dividends & Interest | $232,147 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $32,836 |
| Total Revenue | $914,998 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,167 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $981 |
| Total operating and administrative expenses | $5,148 |
| Contributions, gifts, grants paid | $363,600 |
| Total expenses and disbursements | $368,748 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $140,086 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $150,000 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,324,808 |
| 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, Molalla Communications Educational Foundation Inc has awarded $363,600 in support to 127 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF MOLALLA PURPOSE: TO PROMOTE THE ADVANCEMENT AND DIFFUSION OF KNOWLEDGE AND UNDERSTANDING | $100,000 |
MOLALLA RIVER SCHOOL DISTRICT PURPOSE: TO PROMOTE THE ADVANCEMENT AND DIFFUSION OF KNOWLEDGE AND UNDERSTANDING | $38,610 |
MOLALLA ADULT COMMUNITY CENTER PURPOSE: TO PROMOTE THE ADVANCEMENT AND DIFFUSION OF KNOWLEDGE AND UNDERSTANDING | $12,000 |
MOLALLA BOOSTER CLUB PURPOSE: TO PROMOTE THE ADVANCEMENT AND DIFFUSION OF KNOWLEDGE AND UNDERSTANDING | $5,500 |
ANGLES IN THE OUTFIELD PURPOSE: TO PROMOTE THE ADVANCEMENT AND DIFFUSION OF KNOWLEDGE AND UNDERSTANDING | $1,500 |
BUTTE CREEK PTT PURPOSE: TO PROMOTE THE ADVANCEMENT AND DIFFUSION OF KNOWLEDGE AND UNDERSTANDING | $300 |