Mtd Employee Support Foundation

Strongsville, OHUnknown exempt organizationEIN 45-4553898

The mission of the foundation is to provide aid and assistance to employees of mtd products INC and subsidiaries ("mtd") as well as members of their families or households in case of natural of civil disaster emergency hardship, severe economic hardship in the family due to illness, death, or accident, crime, or similar circumstances for reasons beyond their control, where the employee has limited other means to cope with the hardship.

Run by 40 volunteers.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 3
filings with a surplus
Average surplus $225K a year · 77% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Named funders
1
named funder · $214
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
0
of 7 voting members
Concern: none of 7 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$9K
-99% vs prior year
Spent
$5K
To programs
0%
Net assets
$0
By yearFY2020–FY2022
Revenue
$9K
FY2022▼ -99%
Revenue by fiscal year
FY2020$233K
FY2021$630K
FY2022$9K
Expenses
$5K
FY2022▼ -95%
Expenses by fiscal year
FY2020$99K
FY2021$94K
FY2022$5K
Net assets
$0
FY2022▼ -100%
Net assets by fiscal year
FY2020$1.6M
FY2021$25K
FY2022$0

From the FY2022 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022.

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

Where the money goes

What each dollar paid for.

Management & general 100% · $5K

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

Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
See Mtd Employee Support 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers financial aid to MTD employees and families facing hardship from disasters, illness, or accidents.

Provided by the organization

This section is blank until Mtd Employee Support Foundation claims this page.

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1 program service, described in the organization's own filed words · FY2022.
01

The MTD employee support foundation provided aid and assistance to employees of MTD products inc and subsidiaries and affiliates as well as to members of their immediate family and household members in the case of natural or civil disaster, emergency or hardship, for reasons beyond the recipient's control and where the recipient had…

Pt IX · col B

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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 · FY2022
Total grants receivedfrom 1 funder$214
Grants paid · 8 grants · $155K · 2020–2021
Unitemized GrantFY2021$39,205
Unitemized GrantFY2021$16,638
Unitemized GrantFY2021$14,835
Unitemized GrantFY2021$1,200
Unitemized GrantFY2020$36,910
Unitemized GrantFY2020$26,450
Unitemized GrantFY2020$17,500
Unitemized GrantFY2020$2,500

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$9K
Ln 12
Gifts and grantsLn 1h$9K
Investment incomeLn 3$1
Money outPt IX
$5K
Ln 25
Managementcol C$5K
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$9K
Investment incomeLn 3$1
Total revenueLn 12$9K
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 50
VolunteersI 640
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$25K$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$25K$0
LiabilitiesLn 26$0$0
Net assetsLn 32$25K$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$3K$3K
InsuranceLn 23$1K$1K
Total functional expensesLn 25$5K$0$5K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest Viewing $9K$5K$5K$0 990 PDF
FY2021 $630K$94K$536K$25K 990 PDF
FY2020 $233K$99K$135K$1.6M 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 (4 parts)
Part VIII · Statement of revenue $9,105 across 4 lines filed
VIII-1f All other contributions, gifts and grants$9,104
VIII-1h Total contributions, gifts and grants$9,104
VIII-3 Investment incomeExcluded from tax $1$1
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $1$9,105
Part IX · Statement of functional expenses $4,515 across 2 lines filed
IX-11c Accounting feesManagement $3,100$3,100
IX-23 InsuranceManagement $1,415$1,415
IX-25 Total functional expensesPrograms $0 · Management $4,515 · Fundraising $0$4,515
Part X · Balance sheet $0 assets, 17 lines filed
X-1 Cash, non-interest-bearing$0
X-2 Savings and temporary cash investmentsStart of year $24,922$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $24,922$0
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $24,922$0
X-32 Total net assets or fund balancesStart of year $24,922$0
X-33 Total liabilities and net assetsStart of year $24,922$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$9,105
XI-2 Total expenses$4,515
XI-3 Revenue less expenses$4,590
XI-4 Net assets at start of year$24,922
XI-9 Other changes in net assets−$29,512
XI-10 Net assets at end of year$0

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

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