Midland Foundation FY2021 filing

Tax-deductible

North Branch, NJ501(c)(3)Since 1982EducationEIN 22-2424471Revenue $679K in FY2021

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The Midland Foundation raises funds to support the programs and services of The Midland Corporation. The Foundation does so by grant writing, soliciting individual and corporate donations, estate and planned gifts, and revenue generated by special events. The Midland Foundation also works with scores of volunteers who wish to support Midland and our mission.The Midland Foundation is also the conduit for all Social Media, Public Relation and Press Releases related to significant events and promoting programs within The Midland Corporation.Midlands mission is to promote self-advocacy, personal achievement and foster independence for children and adults with intellectual and developmental disabilities by providing a choice and range of innovative programs, services and supports.

501(c)(3) charity; gifts are tax-deductible.
53¢ of each $1 spent went to programs.
$109K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $101K a year · 13% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
53%
of spending
Worth a look: 53% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$109K
to officers and key staff · 18% of spending
Fine: pay to officers and key staff is 18% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
10 mo
of spending, in cash
Looks good: 9.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
10
named funders · $77K
Looks good: 10 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$254K
9% of total assets
Looks good: liabilities are 9% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 16 voting members
Looks good: 15 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$679K
-11% vs prior year
Spent
$591K
To programs
53%
Net assets
$2.7M
By yearFY2020–FY2024
Revenue
$679K
FY2021▼ -11%
Revenue by fiscal year
FY2020$759K
FY2021$679K
FY2022$666K
FY2023$789K
FY2024$936K
FY2024$1.4M
Expenses
$591K
FY2021▼ -7%
Expenses by fiscal year
FY2020$638K
FY2021$591K
FY2022$660K
FY2023$494K
FY2024$941K
FY2024$1.3M
Net assets
$2.7M
FY2021▲ +15%
Net assets by fiscal year
FY2020$2.3M
FY2021$2.7M
FY2022$2.3M
FY2023$2.7M
FY2024$2.7M
FY2024$2.9M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1985.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

53 cents of each dollar spent went to programs.

Program services 53% · $314K Management & general 17% · $102K Fundraising 30% · $175K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

19 people listed on the 990; $109K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Dev. Director
$108,805Pt VII · Sec A
President/CEO
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Gail Russell’s $120K as Dev. Director is at the 45th percentile of top reported officer pay among 3394 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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

NameFY2024FY2024FY2023FY2022FY2021FY2020
Gail Russell$119,569$115,975$113,339$110,575$108,805$107,256

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.

See Midland Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Raises funds to support lifelong care for individuals with intellectual and developmental disabilities.

Provided by the organization

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1 program · $314K · in their own filed words · FY2020
01

To help foster the educational and charitable purposes of midland school, inc. And midland adult services, inc.; to affirm financial support for the improvement and growth of the midland programs and, through solicitation of the community, promote the goodwill and welfare of the developmentally disabled.

$314Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 10 funders →
Grants paid · 12 grants · $2.7M · 2019–2024
Midland School INCNJ · FY2024$778,507
Midland Adult Services INCNJ · FY2024$113,812
Midland Adult Services INCNJ · FY2023$455,112
Midland School INCNJ · FY2023$113,812
Midland Adult Services INCNJ · FY2022$147,682
Midland School INCNJ · FY2022$39,957
Midland School INCNJ · FY2021$202,643
Midland Adult Services INCNJ · FY2021$167,724
Midland Adult Services INCNJ · FY2020$288,671
Midland School INCNJ · FY2020$11,083
Midland School INCNJ · FY2019$187,454
Midland Adult Services INCNJ · FY2019$164,411

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$679K
Ln 12
Gifts and grantsLn 1h$485K
Investment incomeLn 3$157K
Other incomeLn 4–11$37K
Money outPt IX
$591K
Ln 25
Programscol B$314K
Managementcol C$102K
Fundraisingcol D$175K
Owns and owesPt X
$2.7M
net assets · Ln 32
Cash and savingsLn 1–2$481K
Total assetsLn 16$2.9M
LiabilitiesLn 26$254K
PeoplePt VI, VII
19
listed · VII A
PaidVII A1
Voting boardVI 1a16
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$485K
Government grantsLn 1e$72K
Fundraising eventsLn 1c$149K
Investment incomeLn 3$157K
Other incomeLn 4–11$37K
Gains on assetsLn 7$72K
Total revenueLn 12$679K
Assets in detailPt X, end of year
CashLn 1$481K
SavingsLn 2$0
Cash and savings togetherLn 1–2$481K
InvestmentsLn 11–13$2.3M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$23K
Total assetsLn 16$2.9M
LiabilitiesLn 26$254K
Net assetsLn 32$2.7M
OperationsPt I, VI
EmployeesI 53
VolunteersI 6100
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$634K$481K
InvestmentsLn 11–13$1.9M$2.3M
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$2.6M$2.9M
LiabilitiesLn 26$272K$254K
Net assetsLn 32$2.3M$2.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$314K$314K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$129K$49K$80K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$58K$21K$37K
Pension plan contributionsLn 8$6K$969$5K
Other employee benefitsLn 9$20K$3K$17K
Payroll taxesLn 10$14K$5K$9K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$14K$11K$3K
Advertising and promotionLn 12$0
Office expensesLn 13$15K$2K$13K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$3K$3K
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$13K$2K$11K
All other expensesLn 24e$0
Total functional expensesLn 25$591K$314K$102K$175K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $936K$941K−$5K$2.7M 990 PDF
FY2023 $789K$494K$295K$2.7M 990 PDF
FY2022 $666K$660K$6K$2.3M 990 PDF
FY2021 Viewing $679K$591K$88K$2.7M 990 PDF
FY2020 $759K$638K$122K$2.3M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $679,022 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $567,899$484,576
I-9 Program service revenue$0
I-10 Investment incomePrior year $93,506$157,358
I-11 Other revenuePrior year $97,929$37,088
I-12 Total revenuePrior year $759,334$679,022
I-13 Grants and similar amounts paidPrior year $351,865$313,740
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $229,991$227,532
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $55,908$49,776
I-18 Total expensesPrior year $637,764$591,048
I-19 Revenue less expensesPrior year $121,570$87,974
Part VI · Governance 15 of 16 board members independent, no flags
VI-1a Voting members of the governing body16
VI-1b Independent voting members15
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $679,022 across 10 lines filed
VIII-1c Fundraising events$148,525
VIII-1e Government grants$71,504
VIII-1f All other contributions, gifts and grants$264,547
VIII-1h Total contributions, gifts and grants$484,576
VIII-3 Investment incomeRelated to mission $85,644$85,644
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $71,714$71,714
VIII-8 Net income from fundraising eventsExcluded from tax $11,308$37,088
VIII-12 Total revenueRelated to mission $157,358 · Excluded from tax $11,308$679,022
Part IX · Statement of functional expenses $591,048 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $313,740$313,740
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffManagement $49,012 · Fundraising $79,968$128,980
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesManagement $21,439 · Fundraising $36,951$58,390
IX-8 Pension plan contributionsManagement $969 · Fundraising $5,494$6,463
IX-9 Other employee benefitsManagement $2,970 · Fundraising $16,676$19,646
IX-10 Payroll taxesManagement $5,284 · Fundraising $8,769$14,053
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesManagement $11,231 · Fundraising $3,076$14,307
IX-12 Advertising and promotion$0
IX-13 Office expensesManagement $1,831 · Fundraising $13,431$15,262
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsManagement $2,578$2,578
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsuranceManagement $4,804$4,804
IX-24 Other expenses (24a–d)Management $2,304 · Fundraising $10,521$12,825
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $313,740 · Management $102,422 · Fundraising $174,886$591,048
Part X · Balance sheet $2,935,212 assets, 21 lines filed
X-1 Cash, non-interest-bearingStart of year $633,648$480,871
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$71,504
X-4 Accounts receivableStart of year $12,695$10,512
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $1,199$10,085
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securitiesStart of year $1,936,101$2,339,674
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $21,960$22,566
X-16 Total assetsStart of year $2,605,603$2,935,212
X-17 Accounts payable and accrued expensesStart of year $727$732
X-19 Deferred revenueStart of year $14,470$13,025
X-25 Other liabilitiesStart of year $257,245$240,151
X-26 Total liabilitiesStart of year $272,442$253,908
X-27 Net assets without donor restrictionsStart of year $2,309,994$2,635,605
X-28 Net assets with donor restrictionsStart of year $23,167$45,699
X-32 Total net assets or fund balancesStart of year $2,333,161$2,681,304
X-33 Total liabilities and net assetsStart of year $2,605,603$2,935,212
Part XI · Reconciliation of net assets $2,681,304 net assets at year end
XI-1 Total revenue$679,022
XI-2 Total expenses$591,048
XI-3 Revenue less expenses$87,974
XI-4 Net assets at start of year$2,333,161
XI-5 Net unrealized gains (losses) on investments$276,783
XI-7 Investment expenses−$16,614
XI-10 Net assets at end of year$2,681,304

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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