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Mrca Foundation INC FY2022 filing

Tax-deductible

Dayton, OH501(c)(3)EIN 43-1495286Revenue $165K in FY2022

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

FY2022 · 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
24 mo
of spending, in cash
Looks good: 24.1 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
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$165K
+63% vs prior year
Spent
$119K
To programs
100%
Net assets
$692K
By yearFY2020–FY2024
Revenue
$165K
FY2022▲ +63%
Tap a bar for its year
Revenue by fiscal year
FY2020$50K
FY2021$101K
FY2022$165K
FY2023$145K
FY2024$156K
Expenses
$119K
FY2022▲ +47%
Tap a bar for its year
Expenses by fiscal year
FY2020$37K
FY2021$81K
FY2022$119K
FY2023$120K
FY2024$104K
Net assets
$692K
FY2022▼ -4%
Tap a bar for its year
Net assets by fiscal year
FY2020$673K
FY2021$723K
FY2022$692K
FY2023$736K
FY2024$818K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 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% · $119K

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

8 people listed on the 990.

Part VII, Section A · reportable compensation
Greg Bloom
Vice Preside
$0Pt VII · Sec A
Fred Horner
President/Ch
$0Pt VII · Sec A
Kelly Lea
Director
$0Pt VII · Sec A
Laurie Moore
Director
$0Pt VII · Sec A
Bob Pope
Executive Di
$0Pt VII · Sec A
Bob Poutre
Director
$0Pt VII · Sec A
Bill Seibert
Director
$0Pt VII · Sec A
$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 · $119K · in their own filed words · FY2022
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.

$119Kprogram 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 FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$165K
Ln 12
Other incomeLn 4–11$150K
Gifts and grantsLn 1h$15K
Investment incomeLn 3$13K
Money outPt IX
$119K
Ln 25
Programscol B$119K
Owns and owesPt X
$692K
net assets · Ln 32
Cash and savingsLn 1–2$239K
Total assetsLn 16$692K
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$15K
Investment incomeLn 3$13K
Other incomeLn 4–11$150K
Gains on assetsLn 7−$18K
Total revenueLn 12$165K
Assets in detailPt X, end of year
CashLn 1$239K
Cash and savings togetherLn 1–2$239K
InvestmentsLn 11–13$454K
Total assetsLn 16$692K
LiabilitiesLn 26$0
Net assetsLn 32$692K
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 FY22End FY22
Cash and savingsLn 1–2$182K$239K
InvestmentsLn 11–13$541K$454K
Total assetsLn 16$723K$692K
LiabilitiesLn 26$0$0
Net assetsLn 32$723K$692K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$100K$100K
Management feesLn 11a$3K$3K
Accounting feesLn 11c$2K$2K
Investment management feesLn 11f$5K$5K
Advertising and promotionLn 12$700$700
Office expensesLn 13$3K$3K
InsuranceLn 23$940$940
Other expenses (24a–d)Ln 24$5K$5K
Total functional expensesLn 25$119K$119K$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 Viewing $165K$119K$46K$692K 990 PDF
FY2021 $101K$81K$20K$723K 990 PDF
FY2020 $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 FY2022 990 (6 parts)
Part I · Summary $164,699 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $22,739$14,815
I-9 Program service revenuePrior year $100$0
I-10 Investment incomePrior year $43,216−$4,696
I-11 Other revenuePrior year $34,963$154,580
I-12 Total revenuePrior year $101,018$164,699
I-13 Grants and similar amounts paidPrior year $63,500$100,000
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $17,671$19,044
I-18 Total expensesPrior year $81,171$119,044
I-19 Revenue less expensesPrior year $19,847$45,655
Part VI · Governance 8 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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 $164,699 across 7 lines filed
VIII-1b Membership dues$4,300
VIII-1f All other contributions, gifts and grants$10,515
VIII-1h Total contributions, gifts and grants$14,815
VIII-3 Investment incomeExcluded from tax $13,175$13,175
VIII-7 Net gain or loss on sales of assetsRelated to mission −$17,871−$17,871
VIII-8 Net income from fundraising eventsExcluded from tax $154,580$154,580
VIII-12 Total revenueRelated to mission −$17,871 · Excluded from tax $167,755$164,699
Part IX · Statement of functional expenses $119,044 across 8 lines filed
IX-2 Grants to domestic individualsPrograms $100,000$100,000
IX-11a Management feesPrograms $2,657$2,657
IX-11c Accounting feesPrograms $1,850$1,850
IX-11f Investment management feesPrograms $4,936$4,936
IX-12 Advertising and promotionPrograms $700$700
IX-13 Office expensesPrograms $3,008$3,008
IX-23 InsurancePrograms $940$940
IX-24 Other expenses (24a–d)Programs $4,953$4,953
IX-25 Total functional expensesPrograms $119,044 · Management $0 · Fundraising $0$119,044
Part X · Balance sheet $692,270 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $181,606$238,656
X-11 Publicly traded securitiesStart of year $235,048$302,258
X-12 Other securitiesStart of year $305,976$151,356
X-16 Total assetsStart of year $722,630$692,270
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $722,630$692,270
X-32 Total net assets or fund balancesStart of year $722,630$692,270
X-33 Total liabilities and net assetsStart of year $722,630$692,270
Part XI · Reconciliation of net assets $692,270 net assets at year end
XI-1 Total revenue$164,699
XI-2 Total expenses$119,044
XI-3 Revenue less expenses$45,655
XI-4 Net assets at start of year$722,630
XI-5 Net unrealized gains (losses) on investments−$76,015
XI-10 Net assets at end of year$692,270

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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