Mccf Inc
- Assets
- $6.9m
- Revenue
- $889.2k
- Investments
- $131.0k
- Employees
- 0
- Location
- Ripley, WV
- Founding
- 01/2016
- Data as of
- 12/2021
- EIN
- 81-0691618
Organization Overview
Mccf Inc is located in Ripley, WV. The organization was established in 2016. According to its NTEE Classification (T31) the organization is classified as: Community 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. Mccf 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 12/2021, Mccf Inc generated $889.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (23.9%) each year. All expenses for the organization totaled $192.1k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE COMMUNITY FOUNDATION OF MASON COUNTY MISSION IS TO SERVE MASON COUNTY, WV BY PROVIDING LEADERSHIP TO INSPIRE PEOPLE TO BUILD PERMANENT CHARITABLE RESOURCES THAT DELIVER MEANINGFUL GRANTS AND SCHOLARSHIPS TO CONTINUALLY IMPROVE THE COMMUNITY. OUR GOAL IS TO ENHANCE THE QUALITY OF LIFE FOR THE PEOPLE IN THE MASON COUNTY, WV COMMUNITY BY BUILDING PERMANENT FUNDS TO SERVE THE BROAD CHARITABLE NEEDS OF OUR COMMUNITY; MANAGING THESE FUNDS EFFICIENTLY; AND USING THESE FUNDS EFFECTIVELY IN RESPONSE TO OUR AREA'S CHANGING NEEDS AND OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY GRANTS AND SCHOLARSHIPS VIA A COMPETITIVE GRANT MAKING AND APPLICATION PROCESS FROM THE FUNDS HELD BY THE FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mario Liberatore Chair | OfficerTrustee | $0 | |
Leigh Ann Shepherd Secretary | OfficerTrustee | $0 | |
Paul Simon Vice Chair | OfficerTrustee | $0 | |
Richard Walker Treasurer | OfficerTrustee | $0 | |
Suzanne Dickens Board Member | Trustee | $0 | |
Sandy Dunn Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $157,126 |
| Noncash contributions included in lines 1a–1f | $1,614 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $157,126 |
| Total Program Service Revenue | $0 |
| Investment income | $87,690 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $644,425 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $889,241 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $67,985 |
| Grants and other assistance to domestic individuals. | $45,600 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $24,000 |
| Compensation of current officers, directors, key employees. | $4,800 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,211 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,019 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $30,281 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,452 |
| Office expenses | $3,526 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,614 |
| Travel | $173 |
| 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 | $3,475 |
| All other expenses | $0 |
| Total functional expenses | $192,141 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,443 |
| Savings and temporary cash investments | $277,851 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,259 |
| 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 | $6,421,948 |
| Investments—other securities | $131,016 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,878,517 |
| Accounts payable and accrued expenses | $7,004 |
| Grants payable | $22,395 |
| 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 | $55,424 |
| Total liabilities | $84,823 |
| Net assets without donor restrictions | $6,699,648 |
| Net assets with donor restrictions | $94,046 |
| 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 | $6,878,517 |
Grants Awarded
Over the last fiscal year, Mccf Inc has awarded $120,039 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
PLEASNT VALLEY HOSPITAL PURPOSE: MULTIPLE PROJECTS | $50,000 |
MCCF PURPOSE: PROGRAM SUPPORT | $35,500 |
MASON COUNTY 4H PURPOSE: SUPPORT PROGRAM | $10,800 |
JCDA PURPOSE: SPECIAL NEEDS | $9,965 |
Point Pleasant, WV PURPOSE: SPECIAL EVENT MATCH | $8,500 |
POINT PLEASANT JR SR HS SOFTBALL BO PURPOSE: FACILITY IMPROVEMENT | $5,274 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mccf Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $5,000 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pittsburgh Foundation Pittsburgh, PA | $1,354,368,497 | $110,535,351 |
Philadelphia Foundation Philadelphia, PA | $669,216,014 | $72,684,648 |
The Community Foundation Inc Richmond, VA | $859,349,771 | $152,790,051 |
The Community Foundation Of Louisville Inc Louisville, KY | $675,486,716 | $70,628,491 |
Dayton Foundation Dayton, OH | $614,105,736 | $82,530,515 |
Charlottesville Area Community Foundation Charlottesville, VA | $339,690,669 | $77,610,040 |
Baltimore Community Foundation Inc Baltimore, MD | $302,066,491 | $73,158,770 |
Hampton Roads Community Foundation Norfolk, VA | $431,066,210 | $16,919,172 |
Akron Community Foundation Akron, OH | $274,088,705 | $39,277,326 |
Dayton Foundation Depository Dayton, OH | $38,449,497 | $25,927,776 |
Toledo Community Foundation Toledo, OH | $169,770,837 | $23,444,286 |
Blue Grass Community Foundation Inc Lexington, KY | $132,271,880 | $24,051,212 |