Mudd-Nick Foundation EIN 20-5221242

Mudd-Nick Foundation FY2022 filing

EIN  20-5221242 Public foundation / grantmaker Manzanita, OR
Form 990 (PDF)
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Size
$100K–1M
What they do
Inspire children to explore, learn, and grow into responsible, respectful, and curious citizens.
Leadership
Monica Isbell · President
Money in and out
$162K revenue, $127K expenses
Bottom line
80% program efficiency

Inspire children to explore, learn, and grow into responsible, respectful, and curious citizens. For fiscal year 2022 it reported $162K in revenue, $127K in expenses, and $647K in net assets.Pt I

Grants paid & assets · FY2022
Total revenue
$162K
Pt VIII · Ln 12
Total expenses
$127K
Pt IX · Ln 25
Net assets
$647K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $36K
Where spending went · Part IX cols B–D
Program services $0.80 Management & general $0.17 Fundraising $0.03
Program efficiency
80%
of spending reaches programs
Operating runway
57.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
+22%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$162K
FY2022▲ +21%
Expenses
$127K
FY2022▲ +14%
Total assets
$647K
FY2022▲ +6%
Total liabilities
$0
FY2022
Total revenue
$162K
Pt VIII · Ln 12
Total expenses
$127K
Pt IX · Ln 25
Net assets
$647K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$36K
Total assetsPt X · Ln 16$647K
Program-expense ratioPt IX · col B80%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412
Mission & Programs · Part III

Where the work happens

2 program services account for $101K of program spending, described in the organization's own filed words · FY2022.
01

Variety of learning experience activities for children in neakkahnie school district 56

$95Kprogram expense
02

Worked with local organization to provide meals during the summer and over the winter holiday for school children in north tillamook county.

$7Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMudd-Nick Foundation
EINHdr · item D20-5221242
Principal addressHdr · item CManzanita, OR
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MOR
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T30)
Ruling yearIRS BMFMar 2007

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Mudd-Nick Foundation executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants$87K · 54%
Other revenue$73K · 45%
Investment income$2K · 1%
Contributions & grants54%$87K
Other revenue45%$73K
Investment income1%$2K
Total revenueLn 12$162K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.80 Management & general $0.17 Fundraising $0.03
Program services80%$101K
Management & general17%$21K
Fundraising3%$4K
Total functional expensesLn 25$127K

Balance Sheet

Part X · end of year
CashLn 1$606K
Total assetsLn 16$647K
Total liabilitiesLn 26$0
Total net assetsLn 32$647K
Months of cash on handcomputed57.4

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $606K · Operating expenses/yr $127K
57.4 months
Where the money goes
Program services
Program services $101K · Total expenses $127K
80%
Management & General
Management & general $21K · Total expenses $127K
17%
Fundraising
Fundraising $4K · Total expenses $127K
3%
Cost to raise $1
Fundraising expense (3-yr avg) $3K · Solicited contributions (3-yr avg) $133K
$0.03 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $87K · Total revenue $162K
54%
Government reliance
Government grants — · Total revenue $162K
Earned-income share
Program service revenue $0 · Total revenue $162K
0%
Investment reliance
Investment income $2K · Total revenue $162K
+1%
Program self-sufficiency
Program service revenue $0 · Total expenses $127K
0%
Growth & trend
Revenue growth (YoY)
This year $162K · Prior year $134K
+21%
Net-asset trend (YoY)
End of year $647K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $162K · Expenses $127K
+22%
Liabilities-to-Assets
Total liabilities — · Total assets $647K
Net-asset ratio
Net assets $647K · Total assets $647K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $647K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Monica Isbell · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $127K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $2K · Total expenses $127K
2%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 80%
Overhead ratio 17%
Fundraising cost ratio 5%
Revenue growth 21%
Legal fee ratio 0%
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 · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$28K
Grants paid · 9 grants · $701K · 2020–2025
Neahkahnie School DistrictFY2025$199,405
Neahkahnie School DistrictFY2024$115,396
Neahkahnie School DistrictFY2023$154,587
Neahkahnie School DistrictFY2022$94,802
United Methodist ChurchOR · FY2022$6,542
Neahkahnie School DistrictFY2021$70,610
United Methodist ChurchOR · FY2021$16,667
United Methodist ChurchOR · FY2020$24,741
Neahkahnie School DistrictFY2020$18,202

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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
FY2025 (Latest)$213K revenue · ⤓ 990 PDF
FY2024$213K revenue · ⤓ 990 PDF
FY2023$183K revenue · ⤓ 990 PDF
FY2022$162K revenue · viewing · ⤓ 990 PDF
FY2021$134K revenue · ⤓ 990 PDF
FY2020$254K 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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