Midday Foundation
- Assets
- $3.2m
- Revenue
- $926.9k
- Investments
- $2.7m
- Employees
- 0
- Location
- Villanova, PA
- Founding
- 11/2016
- Data as of
- 12/2022
- EIN
- 81-0826828
Organization Overview
Midday Foundation is located in Villanova, PA. The organization was established in 2016. 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. Midday 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, Midday Foundation generated $926.9k 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 (21.5%) each year. All expenses for the organization totaled $4.8m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Midday Foundation has awarded 98 individual grants totaling $15,252,100. 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
THE FOUNDATION DOES NOT DIRECTLY OR ACTIVELY CONDUCT ANY CHARITABLE ACTIVITIES. THE FOUNDATION DOES NOT MAINTAIN ANY SIGNIFICANT INVOLVEMENT GRANT PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen P Kelly President | 0 | $0 | |
Susan S Kelly Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $10,948 |
| Dividends & Interest | $63,453 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $852,468 |
| Capital Gain Net Income | $852,468 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $926,869 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $16,272 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $32,211 |
| Total operating and administrative expenses | $71,914 |
| Contributions, gifts, grants paid | $4,720,500 |
| Total expenses and disbursements | $4,792,414 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $480,854 |
| 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 | $2,628,597 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,165,400 |
| 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, Midday Foundation has awarded $5,610,500 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
BARREL BAG PURPOSE: GENERAL CONTRIBUTION | $10,500 |
BE A PART OF THE CONVERSATION PURPOSE: GENERAL CONTRIUBTION | $40,000 |
RONALD MCDONALD HOUSE CHARITIES PURPOSE: GENERAL CONTRIBUTION | $50,000 |
CHILDREN'S HOSPITAL OF PHILADELPHIA PURPOSE: GENERAL CONTRIBUTION | $4,000,000 |
EDDIES HOUSE PURPOSE: GENERAL CONTRIBUTION | $100,000 |
CURE SMA PA WALK PURPOSE: GENERAL CONTRIBUTION | $10,000 |