Mrca Foundation INC

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The foundation's purpose is to engage in activities for educational purposes included but not limited to the enhancement of educational opportunities for and withhin the roofing, waterproofing, insulation and siding industry. These include scholarships; support of educational instituions; support of educational programs; and industry research. Scholarships are awarded to students pursuing a cirriculum at an accredited university, college, community college, vocation or trade school, which will lead to a career in the construction industry. One or more awards are made available annually. The number and amount of scholarships awarded is determined by the foundation's directors.

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 43-1495286) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $31K a year · 25% of revenue · last 5 filings
A surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
100% of spending went to programs.
Pt IX · Ln 25 · col B
32.9 mo
of spending, in cash
Plus $532K in investments, Pt X · Ln 11–13
32.9 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
9
of 9 voting members
9 of 9 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$156K
+8% vs prior year
Spent
$104K
To programs
100%
Net assets
$818K
By yearFY2020–FY2024
Revenue
$156K
FY2024▲ +8%
Tap a bar for its year
Revenue by fiscal year
FY2020$50K
FY2021$101K
FY2022$165K
FY2023$145K
FY2024$156K
Expenses
$104K
FY2024▼ -13%
Tap a bar for its year
Expenses by fiscal year
FY2020$37K
FY2021$81K
FY2022$119K
FY2023$120K
FY2024$104K
Net assets
$818K
FY2024▲ +11%
Tap a bar for its year
Net assets by fiscal year
FY2020$673K
FY2021$723K
FY2022$692K
FY2023$736K
FY2024$818K

From the FY2024 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1989.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $104K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Executive Di
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Mrca Foundation INC executive salaries →

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

Provides scholarships and educational support for careers in the construction industry.

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1 program · $33K · in their own filed words · FY2024
01

Scholarships-the recipient of the foundation's scholarships are determined based on the information submitted to the foundation by students interested in careers in the construction industry. The students complete a scholarship award application providing the foundation's directors with relevant information used to make a selection.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 43-1495286) · Dispute this line
$33Kprogram 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 · 7 grants · $378K · 2020–2024
Unitemized GrantFY2024$33,000
Unitemized GrantFY2023$32,000
Unitemized GrantFY2022$100,000
Unitemized GrantFY2021$63,500
Unitemized GrantFY2020$26,200

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$156K
Ln 12
Other incomeLn 4–11$103K
Investment incomeLn 3$30K
Gifts and grantsLn 1h$23K
Money outPt IX
$104K
Ln 25
Programscol B$104K
Owns and owesPt X
$818K
net assets · Ln 32
Cash and savingsLn 1–2$286K
Total assetsLn 16$818K
LiabilitiesLn 26$0
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$23K
Investment incomeLn 3$30K
Other incomeLn 4–11$103K
Gains on assetsLn 7$307
Total revenueLn 12$156K
Assets in detailPt X, end of year
CashLn 1$286K
Cash and savings togetherLn 1–2$286K
InvestmentsLn 11–13$532K
Total assetsLn 16$818K
LiabilitiesLn 26$0
Net assetsLn 32$818K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$261K$286K
InvestmentsLn 11–13$475K$532K
Total assetsLn 16$736K$818K
LiabilitiesLn 26$0$0
Net assetsLn 32$736K$818K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$51K$51K
Grants to domestic individualsLn 2$33K$33K
Management feesLn 11a$3K$3K
Accounting feesLn 11c$2K$2K
Investment management feesLn 11f$4K$4K
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$6K$6K
InsuranceLn 23$922$922
Other expenses (24a–d)Ln 24$4K$4K
Total functional expensesLn 25$104K$104K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Nov 11, 2025 $156K$104K$52K$818K 990 PDF
FY2023Filed with the IRS Nov 11, 2024 $145K$120K$25K$736K 990 PDF
FY2022Filed with the IRS Nov 14, 2023 $165K$119K$46K$692K 990 PDF
FY2021Filed with the IRS Nov 15, 2022 $101K$81K$20K$723K 990 PDF
FY2020Filed with the IRS Nov 4, 2021 $50K$37K$12K$673K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $155,947 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $20,072$23,132
I-9 Program service revenue$0
I-10 Investment incomePrior year $25,451$30,292
I-11 Other revenuePrior year $99,403$102,523
I-12 Total revenuePrior year $144,926$155,947
I-13 Grants and similar amounts paidPrior year $104,466$83,859
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $15,636$20,467
I-18 Total expensesPrior year $120,102$104,326
I-19 Revenue less expensesPrior year $24,824$51,621
Part VI · Governance 9 of 9 board members independent, no flags
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
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 $155,947 across 7 lines filed
VIII-1b Membership dues$5,500
VIII-1f All other contributions, gifts and grants$17,632
VIII-1h Total contributions, gifts and grants$23,132
VIII-3 Investment incomeExcluded from tax $29,985$29,985
VIII-7 Net gain or loss on sales of assetsRelated to mission $307$307
VIII-8 Net income from fundraising eventsExcluded from tax $102,523$102,523
VIII-12 Total revenueRelated to mission $307 · Excluded from tax $132,508$155,947
Part IX · Statement of functional expenses $104,326 across 9 lines filed
IX-1 Grants to domestic organizationsPrograms $50,859$50,859
IX-2 Grants to domestic individualsPrograms $33,000$33,000
IX-11a Management feesPrograms $2,931$2,931
IX-11c Accounting feesPrograms $1,710$1,710
IX-11f Investment management feesPrograms $4,168$4,168
IX-12 Advertising and promotionPrograms $1,064$1,064
IX-13 Office expensesPrograms $6,009$6,009
IX-23 InsurancePrograms $922$922
IX-24 Other expenses (24a–d)Programs $3,663$3,663
IX-25 Total functional expensesPrograms $104,326 · Management $0 · Fundraising $0$104,326
Part X · Balance sheet $817,862 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $260,798$285,998
X-11 Publicly traded securitiesStart of year $336,136$377,467
X-12 Other securitiesStart of year $138,958$154,397
X-16 Total assetsStart of year $735,892$817,862
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $735,892$817,862
X-32 Total net assets or fund balancesStart of year $735,892$817,862
X-33 Total liabilities and net assetsStart of year $735,892$817,862
Part XI · Reconciliation of net assets $817,862 net assets at year end
XI-1 Total revenue$155,947
XI-2 Total expenses$104,326
XI-3 Revenue less expenses$51,621
XI-4 Net assets at start of year$735,892
XI-5 Net unrealized gains (losses) on investments$30,349
XI-10 Net assets at end of year$817,862

Form 990 e-file FY2024 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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