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Mfg Foundation EIN 34-1787987 Form 990 (PDF) Claim this org

Mfg Foundation

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A private foundation based in Ashtabula, OH. It reported about $366K in revenue for 2024. For fiscal year 2025 it reported $366K in revenue, $275K in expenses, and $5.1M in net assets.Pt I

Type
Private foundation / grantmaker · Foundations & Grantmakers
Location
Ashtabula, OH
Filings
7 on file (2019–2025)
Revenue
$366KFY2025
Expenses
$275K
Net assets
$5.1M
People
3
Filings
7
Updates
0
More identity details & actions ⌄
EIN  34-1787987 Private foundation / grantmaker Ashtabula, OH
Form 990 (PDF)
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Size
$100K–1M
What they do
A private foundation based in Ashtabula, OH. It reported about $366K in revenue for 2024.
Leadership
Richard Morrison · Trustee
Money in and out
$366K revenue, $275K expenses
Bottom line
—
Grants paid & assets · FY2025
Total revenue
$366K
Pt VIII · Ln 12
Total expenses
$275K
Pt IX · Ln 25
Net assets
$5.1M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $91K
Total assets
5.1M
deployed as grants and operations
Grants paid
232K
in FY2025
Grants made
9grants
total in period
Payout rate
5%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 9 grants · $232K · 2024–2024
Mfg Nc Hurricane Relief Fund of the US Emergency Assistance FoundationFY2024$50,000
Kent State University FoundationOH · FY2024$50,000
Ashtabula County Medical CenterFY2024$27,000
Bridge to MobilityFY2024$25,000
Healthnetwork FoundationOH · FY2024$25,000
City of Independence Kansas Fire and EmsFY2024$20,000
After School Discovery INCOH · FY2024$15,000
Fellowship of Christian AthletesMO · FY2024$10,000
Conneaut Police K-9 FundFY2024$10,000

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV4
Average grantPart XV$26K
Median grantPart XV$25K
Largest grantPart XV$50K
Top cause focusNTEEEducation (22%)

Summary of the Filing

Part I · fiscal year 2025 · Form 990-PF
Revenue
$366K
FY2025▲ +45%
Expenses
$275K
FY2025▲ +67%
Total assets
$5.1M
FY2025▲ +6%
Total liabilities
$0
FY2025
Total revenue
$366K
Pt VIII · Ln 12
Total expenses
$275K
Pt IX · Ln 25
Net assets
$5.1M
Pt X · Ln 32
Total assetsPt II$5.1M

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMfg Foundation
EINHdr · item D34-1787987
Principal addressHdr · item CAshtabula, OH
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MOH
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T22Z)
Ruling yearIRS BMFAug 1995

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 (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
Nancy S Warner
Trustee & President
$0Pt VII · Sec A
See Mfg Foundation executive salaries →

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Statement of Revenue

Part VIII
Investment income100%$366K
Total revenueLn 12$366K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.84 Operating & administrative $0.16
Grants & contributions paid84%$232K
Operating & administrative16%$43K
Total functional expensesLn 25$275K

Balance Sheet

Part X · end of year
CashLn 1$57K
Total assetsLn 16$5.1M
Total liabilitiesLn 26$0
Total net assetsLn 32$5.1M
Months of cash on handcomputed2.5

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $5.1M
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $366K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $366K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $366K · Prior year $252K
+45%
Revenue CAGR
FY2018 $96K · FY2024 $366K
+25%
Net-asset trend (YoY)
End of year $5.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $366K · Expenses $275K
+25%
Liabilities-to-Assets
Total liabilities — · Total assets $5.1M
—
Net-asset ratio
Net assets $5.1M · Total assets $5.1M
100%
People & payroll
Highest Reported Total Compensation
Individual Richard Morrison · Reported title TRUSTEE · Highest reported compensation $0 · Total expenses $275K
0%
Personnel share
not reported
Peer comparison

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

MetricThis orgPeer medianPercentile
Revenue growth 45%——

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.

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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)$366K revenue · viewing · ⤓ 990 PDF
FY2024$252K revenue · ⤓ 990 PDF
FY2023$184K revenue · ⤓ 990 PDF
FY2022$268K revenue · ⤓ 990 PDF
FY2021$221K revenue · ⤓ 990 PDF
FY2020$100K revenue · ⤓ 990 PDF
FY2019$96K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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