Mishawaka Foundation FY2020 filing

Tucson, AZUnknown exempt organization EIN 36-6110163Revenue $176K in FY2020

On file with the IRSmishawakafoundation.org505 N Alvernon Way · Tucson, AZ

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The general purpose of the Foundation is to give financial assistance to worthy persons in obtaining an education; to finance worthy and needy persons at summer camps; and, to provide recreational facilities and programs for community welfare either as original recreational programs or as supplements to already existing recreational programs.

90¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
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
2 of 5
filings with a surplus
Average deficit $163K a year · 126% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
2 mo
of spending, in cash
Plus $1.0M in investments, Pt X · Ln 11–13
Fine: 2.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $1K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$176K
Spent
$150K
To programs
90%
Net assets
$1.1M
By yearFY2020–FY2024
Revenue
$176K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$176K
FY2021$259K
FY2022$131K
FY2023$30K
FY2024$50K
Expenses
$150K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$150K
FY2021$142K
FY2022$362K
FY2023$96K
FY2024$710K
Net assets
$1.1M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.1M
FY2021$1.1M
FY2022$655K
FY2023$660K
FY2024$0

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 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 Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $135K Management & general 10% · $15K

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

8 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Mishawaka 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 15aNo

Programs and updates

Provides financial aid for education and summer camps, and funds community recreational programs.

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Provided by the organization

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1 program · $135K · in their own filed words · FY2020
01

Scholarships provided to needy youths for summer camp tuition.

$135Kprogram 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 · FY2023
Total grants receivedfrom 2 funders$1K
Grants paid · 6 grants · $1.4M · 2020–2024
Camp MishawakaMN · FY2024$705,765
Unitemized GrantFY2023$89,678
Unitemized GrantFY2022$250,000
Unitemized GrantFY2022$104,827
Unitemized GrantFY2021$131,100
Unitemized GrantFY2020$135,300

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$176K
Ln 12
Gifts and grantsLn 1h$126K
Investment incomeLn 3$50K
Money outPt IX
$150K
Ln 25
Programscol B$135K
Managementcol C$15K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$24K
Total assetsLn 16$1.1M
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$126K
Investment incomeLn 3$50K
Total revenueLn 12$176K
Assets in detailPt X, end of year
CashLn 1$24K
Cash and savings togetherLn 1–2$24K
InvestmentsLn 11–13$1.0M
Land, buildings, equipmentLn 10c$22K
Total assetsLn 16$1.1M
LiabilitiesLn 26$0
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
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 FY20End FY20
Cash and savingsLn 1–2$17K$24K
InvestmentsLn 11–13$893K$1.0M
Land, buildings, equipmentLn 10c$22K$22K
Total assetsLn 16$931K$1.1M
LiabilitiesLn 26$0$0
Net assetsLn 32$931K$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$135K$135K
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$750$750
Investment management feesLn 11f$5K$5K
Other fees for servicesLn 11g$1K$1K
Office expensesLn 13$4K$4K
TravelLn 17$418$418
Total functional expensesLn 25$150K$135K$15K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $50K$710K−$660K$0 990 PDF
FY2023 $30K$96K−$66K$660K 990 PDF
FY2022 $131K$362K−$232K$655K 990 PDF
FY2021 $259K$142K$117K$1.1M 990 PDF
FY2020 Viewing $176K$150K$26K$1.1M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $176,178 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $56,545$126,248
I-9 Program service revenue$0
I-10 Investment incomePrior year $60,260$49,930
I-11 Other revenue$0
I-12 Total revenuePrior year $116,805$176,178
I-13 Grants and similar amounts paidPrior year $128,000$135,300
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $12,726$14,822
I-18 Total expensesPrior year $140,726$150,122
I-19 Revenue less expensesPrior year −$23,921$26,056
Part VI · Governance 4 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
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
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $176,178 across 4 lines filed
VIII-1f All other contributions, gifts and grants$126,248
VIII-1h Total contributions, gifts and grants$126,248
VIII-3 Investment incomeExcluded from tax $49,930$49,930
VIII-12 Total revenueExcluded from tax $49,930$176,178
Part IX · Statement of functional expenses $150,122 across 7 lines filed
IX-2 Grants to domestic individualsPrograms $135,300$135,300
IX-11b Legal feesManagement $3,111$3,111
IX-11c Accounting feesManagement $750$750
IX-11f Investment management feesManagement $4,961$4,961
IX-11g Other fees for servicesManagement $1,123$1,123
IX-13 Office expensesManagement $4,459$4,459
IX-17 TravelManagement $418$418
IX-25 Total functional expensesPrograms $135,300 · Management $14,822 · Fundraising $0$150,122
Part X · Balance sheet $1,052,799 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $16,923$24,458
X-10c Land, buildings and equipment, netStart of year $22,000$22,000
X-11 Publicly traded securitiesStart of year $892,516$1,006,341
X-16 Total assetsStart of year $931,439$1,052,799
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $931,439$1,052,799
X-33 Total liabilities and net assetsStart of year $931,439$1,052,799
Part XI · Reconciliation of net assets $1,052,799 net assets at year end
XI-1 Total revenue$176,178
XI-2 Total expenses$150,122
XI-3 Revenue less expenses$26,056
XI-4 Net assets at start of year$931,439
XI-5 Net unrealized gains (losses) on investments$95,304
XI-10 Net assets at end of year$1,052,799

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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