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Mpc Corporation FY2021 filing

Tax-deductible

Pittsburgh, PA501(c)(3)EIN 25-1128244Revenue $3.0M in FY2021

On file with the IRS5000 Forbes Ave, 15213-3815 · Pittsburgh, PATax-exempt since Aug 1965Publicly supported charity — 170(b)(1)(A)(vi)

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To aid in the advancement of education and scientific knowledge in the public interest, to carry on the study, research and solution of scientific, educational and literary problems and to administer, expend funding and aid in carrying out the charitable and educational purposes of the sponsor.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 3
filings with a surplus
Average deficit $14K a year · under 1% of revenue · last 3 filings
Concern: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 1.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.0M
83% of total assets
Concern: liabilities are 83% of assets; over 80%.
Pt X · Ln 26
Independent board members
0
of 10 voting members
Concern: none of 10 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.0M
Spent
$3.0M
To programs
99%
Net assets
$211K
By yearFY2021–FY2025
Revenue
$3.0M
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$3.0M
FY2022$3.7M
FY2023$708K
FY2024$704
FY2025$192
Expenses
$3.0M
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$3.0M
FY2022$3.7M
FY2023$707K
FY2024Not on file
FY2025Not on file
Net assets
$211K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$211K
FY2022$190K
FY2023$191K
FY2024$192K
FY2025$192K

From the FY2021 Form 990 (year ending June 2021) · see the original

990 PDF Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1965.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $3.0M Management & general 1% · $24K

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

18 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Farnam Jahanian
Former Vice Chairman & VP
$0Pt VII · Sec A
$0Pt VII · Sec A
James H Garrett
Director, Vice Chairman & VP
$0Pt VII · Sec A
$0Pt VII · Sec A
Ann Cudd
Director, Chairman & President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Mpc Corporation 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Advances education and scientific knowledge through research and funding.

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Provided by the organization

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1 program · $3.0M · in their own filed words · FY2020
01

Research activities to aid in the educational and economic development of the greater pittsburgh and western pennsylvania communities.

$3.0Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 3 grants · $7.4M · 2020–2022
Carnegie Mellon UniversityPA · FY2022$707,027
Carnegie Mellon UniversityPA · FY2021$3,695,107
Carnegie Mellon UniversityPA · FY2020$2,979,317

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$3.0M
Ln 12
Fees for servicesLn 2g$3.0M
Investment incomeLn 3$594
Money outPt IX
$3.0M
Ln 25
Programscol B$3.0M
Managementcol C$24K
Owns and owesPt X
$211K
net assets · Ln 32
Cash and savingsLn 1–2$393K
Total assetsLn 16$1.2M
LiabilitiesLn 26$1.0M
PeoplePt VI, VII
18
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$3.0M
Investment incomeLn 3$594
Total revenueLn 12$3.0M
Assets in detailPt X, end of year
SavingsLn 2$393K
Cash and savings togetherLn 1–2$393K
Total assetsLn 16$1.2M
LiabilitiesLn 26$1.0M
Net assetsLn 32$211K
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$256K$393K
Total assetsLn 16$1.1M$1.2M
LiabilitiesLn 26$840K$1.0M
Net assetsLn 32$234K$211K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$3.0M$3.0M
Accounting feesLn 11c$24K$24K
Other expenses (24a–d)Ln 24$210$210
Total functional expensesLn 25$3.0M$3.0M$24K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $192$192K 990 PDF
FY2024 $704$192K 990 PDF
FY2023 $708K$707K$871$191K 990 PDF
FY2022 $3.7M$3.7M−$20K$190K 990 PDF
FY2021 Viewing $3.0M$3.0M−$23K$211K 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 $2,979,911 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $3,392,561$2,979,317
I-10 Investment incomePrior year $1,834$594
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $3,394,395$2,979,911
I-13 Grants and similar amounts paidPrior year $3,422,930$2,979,317
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $23,487$23,710
I-18 Total expensesPrior year $3,446,417$3,003,027
I-19 Revenue less expensesPrior year −$52,022−$23,116
Part VI · Governance 0 of 10 board members independent, 5 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $2,979,911 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,979,317$2,979,317
VIII-3 Investment incomeExcluded from tax $594$594
VIII-12 Total revenueRelated to mission $2,979,317 · Unrelated business $0 · Excluded from tax $594$2,979,911
Part IX · Statement of functional expenses $3,003,027 across 3 lines filed
IX-1 Grants to domestic organizationsPrograms $2,979,317$2,979,317
IX-11c Accounting feesManagement $23,500$23,500
IX-24 Other expenses (24a–d)Management $210$210
IX-25 Total functional expensesPrograms $2,979,317 · Management $23,710 · Fundraising $0$3,003,027
Part X · Balance sheet $1,237,035 assets, 8 lines filed
X-2 Savings and temporary cash investmentsStart of year $256,319$392,605
X-4 Accounts receivableStart of year $816,938$844,430
X-16 Total assetsStart of year $1,073,257$1,237,035
X-17 Accounts payable and accrued expensesStart of year $839,577$1,026,471
X-26 Total liabilitiesStart of year $839,577$1,026,471
X-27 Net assets without donor restrictionsStart of year $233,680$210,564
X-32 Total net assets or fund balancesStart of year $233,680$210,564
X-33 Total liabilities and net assetsStart of year $1,073,257$1,237,035
Part XI · Reconciliation of net assets $210,564 net assets at year end
XI-1 Total revenue$2,979,911
XI-2 Total expenses$3,003,027
XI-3 Revenue less expenses−$23,116
XI-4 Net assets at start of year$233,680
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$210,564

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

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