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Mpg Foundation INC EIN 13-3854658 Form 990 (PDF) Claim this org

Mpg Foundation INC FY2022 filing

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A private foundation based in Vail, CO. It reported about $220K in revenue for 2022. For fiscal year 2022 it reported $220K in revenue, $731K in expenses, and $3.8M in net assets.Pt I

Type
Private foundation / grantmaker · Foundations & Grantmakers
Location
Vail, CO
Filings
5 on file (2020–2022)
Revenue
$220KFY2022
Expenses
$731K
Net assets
$3.8M
People
3
Filings
5
Updates
0
More identity details & actions ⌄
EIN  13-3854658 Private foundation / grantmaker Vail, CO
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
A private foundation based in Vail, CO. It reported about $220K in revenue for 2022.
Leadership
Michael P Galvin · President
Money in and out
$220K revenue, $731K expenses
Bottom line
—
Grants paid & assets · FY2022
Total revenue
$220K
Pt VIII · Ln 12
Total expenses
$731K
Pt IX · Ln 25
Net assets
$3.8M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$511K
Total assets
4.6M
deployed as grants and operations
Grants paid
600K
in FY2022
Grants made
2grants
total in period
Payout rate
13%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 2 grants · $600K · 2022–2022
Illinois Institute of TechnologyIL · FY2022$500,000
D C Preparatory AcademyDC · FY2022$100,000

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV2
Average grantPart XV$300K
Median grantPart XV$500K
Largest grantPart XV$500K
Top cause focusNTEEColleges & Universities (100%)

Summary of the Filing

Part I · fiscal year 2022 · Form 990-T
Revenue
$220K
FY2022▼ -58%
Expenses
$731K
FY2022▲ +23%
Total assets
$4.6M
FY2022▲ +5%
Total liabilities
$730K
FY2022
Total revenue
$220K
Pt VIII · Ln 12
Total expenses
$731K
Pt IX · Ln 25
Net assets
$3.8M
Pt X · Ln 32
Total assetsPt II$4.6M

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMpg Foundation INC
EINHdr · item D13-3854658
Principal addressHdr · item CVail, CO
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MCO
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T20J)
Ruling yearIRS BMFFeb 1996

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
Christopher B Galvin
Vice-President
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Investment income$114K · 52%
Other revenue$106K · 48%
Investment income52%$114K
Other revenue48%$106K
Total revenueLn 12$220K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.82 Operating & administrative $0.18
Grants & contributions paid82%$600K
Operating & administrative18%$131K
Total functional expensesLn 25$731K

Balance Sheet

Part X · end of year
CashLn 1$164K
Total assetsLn 16$4.6M
Total liabilitiesLn 26$730K
Total net assetsLn 32$3.8M
Months of cash on handcomputed2.7

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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)$735K revenue · ⤓ 990 PDF
FY2023$422K revenue · ⤓ 990 PDF
FY2022$220K revenue · viewing · ⤓ 990 PDF
FY2021$528K revenue · ⤓ 990 PDF
FY2020$275K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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