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Mrca Foundation INC FY2020 filing

Tax-deductible

Dayton, OH501(c)(3)EIN 43-1495286Revenue $50K in FY2020

On file with the IRSmrca.org/aws/mrca/pt/sp/fou7250 Poe Ave Ste 410, 45414-2679 · Dayton, OHTax-exempt since Jan 1989Supporting organization — 509(a)(3)

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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.

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

FY2020 · 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
5 of 5
filings with a surplus
Average surplus $31K a year · 25% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
64 mo
of spending, in cash
Looks good: 64.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$50K
Spent
$37K
To programs
100%
Net assets
$673K
By yearFY2020–FY2024
Revenue
$50K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$50K
FY2021$101K
FY2022$165K
FY2023$145K
FY2024$156K
Expenses
$37K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$37K
FY2021$81K
FY2022$119K
FY2023$120K
FY2024$104K
Net assets
$673K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$673K
FY2021$723K
FY2022$692K
FY2023$736K
FY2024$818K

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 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% · $37K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation
Randy Adams
Director
$0Pt VII · Sec A
Greg Bloom
Director
$0Pt VII · Sec A
Kevin Gwaltney
President/Ch
$0Pt VII · Sec A
Fred Horner
President
$0Pt VII · Sec A
Kelly Lea
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
Bob Poutre
Director
$0Pt VII · Sec A
Bill Seibert
Vice Preside
$0Pt VII · Sec A
See Mrca Foundation INC 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

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

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Provided by the organization

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1 program · $37K · in their own filed words · FY2020
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.

$37Kprogram 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
Midwest Roofing Contractors AssocOH · FY2024$50,859
Unitemized GrantFY2024$33,000
Midwest Roofing Contractors AssocOH · FY2023$72,466
Unitemized GrantFY2023$32,000
Unitemized GrantFY2022$100,000
Unitemized GrantFY2021$63,500
Unitemized GrantFY2020$26,200

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$50K
Ln 12
Other incomeLn 4–11$32K
Investment incomeLn 3$8K
Gifts and grantsLn 1h$6K
Money outPt IX
$37K
Ln 25
Programscol B$37K
Owns and owesPt X
$673K
net assets · Ln 32
Cash and savingsLn 1–2$201K
Total assetsLn 16$673K
LiabilitiesLn 26$0
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$6K
Fees for servicesLn 2g$4K
Investment incomeLn 3$8K
Other incomeLn 4–11$32K
Gains on assetsLn 7−$3K
Total revenueLn 12$50K
Assets in detailPt X, end of year
CashLn 1$201K
Cash and savings togetherLn 1–2$201K
InvestmentsLn 11–13$472K
Total assetsLn 16$673K
LiabilitiesLn 26$0
Net assetsLn 32$673K
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 FY20End FY20
Cash and savingsLn 1–2$185K$201K
InvestmentsLn 11–13$443K$472K
Total assetsLn 16$629K$673K
LiabilitiesLn 26$0$0
Net assetsLn 32$629K$673K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$26K$26K
Management feesLn 11a$3K$3K
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$2K$2K
Investment management feesLn 11f$3K$3K
Office expensesLn 13$362$362
InsuranceLn 23$961$961
Other expenses (24a–d)Ln 24$684$684
Total functional expensesLn 25$37K$37K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $156K$104K$52K$818K 990 PDF
FY2023 $145K$120K$25K$736K 990 PDF
FY2022 $165K$119K$46K$692K 990 PDF
FY2021 $101K$81K$20K$723K 990 PDF
FY2020 Viewing $50K$37K$12K$673K 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 FY2020 990 (6 parts)
Part I · Summary $49,727 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,300$6,300
I-9 Program service revenuePrior year $980$4,120
I-10 Investment incomePrior year $27,654$7,699
I-11 Other revenuePrior year $48,036$31,608
I-12 Total revenuePrior year $80,970$49,727
I-13 Grants and similar amounts paidPrior year $22,000$26,200
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $45,378$11,239
I-18 Total expensesPrior year $67,378$37,439
I-19 Revenue less expensesPrior year $13,592$12,288
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 $49,727 across 8 lines filed
VIII-1b Membership dues$3,800
VIII-1f All other contributions, gifts and grants$2,500
VIII-1h Total contributions, gifts and grants$6,300
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,120$4,120
VIII-3 Investment incomeExcluded from tax $10,806$10,806
VIII-7 Net gain or loss on sales of assetsRelated to mission −$3,107−$3,107
VIII-8 Net income from fundraising eventsExcluded from tax $31,608$31,608
VIII-12 Total revenueRelated to mission $1,013 · Excluded from tax $42,414$49,727
Part IX · Statement of functional expenses $37,439 across 8 lines filed
IX-2 Grants to domestic individualsPrograms $26,200$26,200
IX-11a Management feesPrograms $2,552$2,552
IX-11b Legal feesPrograms $1,200$1,200
IX-11c Accounting feesPrograms $2,425$2,425
IX-11f Investment management feesPrograms $3,055$3,055
IX-13 Office expensesPrograms $362$362
IX-23 InsurancePrograms $961$961
IX-24 Other expenses (24a–d)Programs $684$684
IX-25 Total functional expensesPrograms $37,439 · Management $0 · Fundraising $0$37,439
Part X · Balance sheet $673,146 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $185,490$200,699
X-11 Publicly traded securitiesStart of year $228,005$264,779
X-12 Other securitiesStart of year $215,072$207,668
X-16 Total assetsStart of year $628,567$673,146
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $628,567$673,146
X-32 Total net assets or fund balancesStart of year $628,567$673,146
X-33 Total liabilities and net assetsStart of year $628,567$673,146
Part XI · Reconciliation of net assets $673,146 net assets at year end
XI-1 Total revenue$49,727
XI-2 Total expenses$37,439
XI-3 Revenue less expenses$12,288
XI-4 Net assets at start of year$628,567
XI-5 Net unrealized gains (losses) on investments$32,291
XI-10 Net assets at end of year$673,146

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

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