Middlesex County Foundation INC EIN 04-2392550

Middlesex County Foundation INC

EIN  04-2392550 Public charity (501(c)(3)) Ashby, MA
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Empowers youth and adults through supportive relationships, skill development, and nature-based adventures.
Leadership
Steven J Lafountain · Executive Director · $61K
Money in and out
$885K revenue, $754K expenses
Bottom line
88% program efficiency

Empowers youth and adults through supportive relationships, skill development, and nature-based adventures. For fiscal year 2024 it reported $885K in revenue, $754K in expenses, and $1.3M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$885K
Pt VIII · Ln 12
Total expenses
$754K
Pt IX · Ln 25
Net assets
$1.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $131K
Where spending went · Part IX cols B–D
Program services $0.88 Management & general $0.12
Program efficiency
88%
of spending reaches programs0% vs prior filing year
Operating runway
11.3mo
months of highly liquid reserves at operating expense rate▲ +27% vs prior filing year
Surplus margin
+15%
revenue over expenses, this year▲ +2% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$885K
FY2024▲ +3%
Expenses
$754K
FY2024▲ +3%
Total assets
$1.4M
FY2024▲ +9%
Total liabilities
$95K
FY2024▼ -10%
Total revenue
$885K
Pt VIII · Ln 12
Total expenses
$754K
Pt IX · Ln 25
Net assets
$1.3M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$131K
Total assetsPt X · Ln 16$1.4M
Program-expense ratioPt IX · col B88%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410
Mission & Programs · Part III

Where the work happens

1 program service account for $661K of program spending, described in the organization's own filed words · FY2024.
01

To create a supportive environment for youth and adults to reach their fullest potential, to provide opportunities that stimulate the development of each camper's self-estemm through supportive relationships, to provide campers with the opportunity to set personal goals and develop life skills, to provide each camper the opportunity to…

$661Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMiddlesex County Foundation INC
EINHdr · item D04-2392550
Principal addressHdr · item CAshby, MA
WebsiteHdr · item Jwww.campmiddlesex.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFJul 1968

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$60,974Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Co-President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Steven J Lafountain$60,974$58,015$56,697$53,139$34,231

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Program service revenue$731K · 83%
Contributions & grants$132K · 15%
Investment income$18K · 2%
Other revenue$5K · 1%
Program service revenue83%$731K
Contributions & grants15%$132K
Investment income2%$18K
Other revenue1%$5K
Total revenueLn 12$885K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.88 Management & general $0.12
Program services88%$661K
Management & general12%$93K
Total functional expensesLn 25$754K

Balance Sheet

Part X · end of year
CashLn 1$710K
Total assetsLn 16$1.4M
Total liabilitiesLn 26$95K
Total net assetsLn 32$1.3M
Months of cash on handcomputed11.3

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $710K · Operating expenses/yr $754K
11.3 months
Where the money goes
Program services
Program services $661K · Total expenses $754K
88%
Management & General
Management & general $93K · Total expenses $754K
12%
Fundraising
Fundraising $0 · Total expenses $754K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $83K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $132K · Total revenue $885K
15%
Government reliance
Government grants — · Total revenue $885K
Earned-income share
Program service revenue $731K · Total revenue $885K
83%
Investment reliance
Investment income $18K · Total revenue $885K
+2%
Program self-sufficiency
Program service revenue $731K · Total expenses $754K
97%
Growth & trend
Revenue growth (YoY)
This year $885K · Prior year $859K
+3%
Revenue CAGR
FY2020 $296K · FY2024 $885K
+31%
Net-asset trend (YoY)
End of year $1.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $885K · Expenses $754K
+15%
Liabilities-to-Assets
Total liabilities — · Total assets $1.4M
Net-asset ratio
Net assets $1.3M · Total assets $1.4M
93%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.4M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Steven J Lafountain · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $61K · Total expenses $754K
8%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $195K · Total expenses $754K
26%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 88%
Overhead ratio 12%
Fundraising cost ratio 0%
Revenue growth 3%
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$125K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$885K revenue · viewing · ⤓ 990 PDF
FY2023$859K revenue · ⤓ 990 PDF
FY2022$867K revenue · ⤓ 990 PDF
FY2021$775K revenue · ⤓ 990 PDF
FY2020$296K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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