The Mpb Charitable Foundation
- Assets
- $27.3m
- Revenue
- $1.6m
- Investments
- $26.7m
- Employees
- 0
- Location
- Akron, OH
- Founding
- 07/2015
- Data as of
- 12/2022
- EIN
- 47-3761816
Organization Overview
The Mpb Charitable Foundation is located in Akron, OH. The organization was established in 2015. 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. Mpb Charitable 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 12/2022, Mpb Charitable Foundation generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (32.3%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Mpb Charitable Foundation has awarded 231 individual grants totaling $11,092,232. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debra Calevich President | 0.5 | $0 | |
Diana Burke Vice President | 0.5 | $0 | |
Donald Boodjeh Secretary And Treasurer | 0.5 | $0 | |
David Boodjeh Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $52,338 |
| Dividends & Interest | $809,105 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $724,119 |
| Capital Gain Net Income | $724,119 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,585,562 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $54,147 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $200 |
| Total operating and administrative expenses | $116,562 |
| Contributions, gifts, grants paid | $1,368,856 |
| Total expenses and disbursements | $1,485,418 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $538,778 |
| 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 | $25,669,464 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $27,280,206 |
| 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, The Mpb Charitable Foundation has awarded $1,368,856 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
ALLIANCE DEFENDING FREEDOM PURPOSE: PROGRAM AND OPERATIONAL SUPPORT | $25,000 |
ARCHWAY INSTITUTE FOR MENTAL HEALTH PURPOSE: PROGRAM AND OPERATIONAL SUPPORT | $10,000 |
CASE WESTERN RESERVE UNIVERSITY PURPOSE: GRANT FOR RESEARCH - THE RESEARCH INSTITUTE FOR CHILDREN | $6,280 |
CLEVELAND STATE UNIVERSITY FOUNDATION PURPOSE: STUDENT SCHOLARSHIPS | $50,000 |
GLOBAL DISCIPLES PURPOSE: PROGRAM AND OPERATIONAL SUPPORT | $50,000 |
HAITI CHRISTIAN MISSION OF KENTUCKY PURPOSE: GRANT FOR HAITI MISSION OUTREACH | $100,000 |