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Mtd Employee Support Foundation FY2020 filing

Strongsville, OHUnknown exempt organization EIN 45-4553898Revenue $233K in FY2020

On file with the IRSPo Box 361661 · Strongsville, OH

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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.

84¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2020 · 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
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
9 mo
of spending, in cash
Plus $1.5M in investments, Pt X · Ln 11–13
Looks good: 8.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $214
Fine: 1 funder names 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
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
$233K
Spent
$99K
To programs
84%
Net assets
$1.6M
By yearFY2020–FY2022
Revenue
$233K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$233K
FY2021$630K
FY2022$9K
Expenses
$99K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$99K
FY2021$94K
FY2022$5K
Net assets
$1.6M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.6M
FY2021$25K
FY2022$0

From the FY2020 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2022) →

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

84 cents of each dollar spent went to programs.

Program services 84% · $83K Management & general 16% · $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

9 people listed on the 990.

Part VII, Section A · reportable compensation
Curtis E Moll
President
$0Pt VII · Sec A
Theodore S Moll
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Steve Baker
Director
$0Pt VII · Sec A
Bill Condo
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Chris Buntura
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.

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Provided by the organization

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1 program · $83K · in their own filed words · FY2020
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…

$83Kprogram 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 · FY2022
Amazonsmile FoundationFY2022$214
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 FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$233K
Ln 12
Investment incomeLn 3$114K
Gifts and grantsLn 1h$113K
Other incomeLn 4–11$7K
Money outPt IX
$99K
Ln 25
Programscol B$83K
Managementcol C$15K
Owns and owesPt X
$1.6M
net assets · Ln 32
Cash and savingsLn 1–2$73K
Total assetsLn 16$1.6M
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$113K
Investment incomeLn 3$114K
Other incomeLn 4–11$7K
Gains on assetsLn 7$77K
Total revenueLn 12$233K
Assets in detailPt X, end of year
SavingsLn 2$73K
Cash and savings togetherLn 1–2$73K
InvestmentsLn 11–13$1.5M
Other assetsLn 15$42
Total assetsLn 16$1.6M
LiabilitiesLn 26$0
Net assetsLn 32$1.6M
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 FY20End FY20
Cash and savingsLn 1–2$57K$73K
InvestmentsLn 11–13$1.4M$1.5M
Total assetsLn 16$1.5M$1.6M
LiabilitiesLn 26$0$0
Net assetsLn 32$1.5M$1.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$83K$83K
Accounting feesLn 11c$4K$4K
Investment management feesLn 11f$8K$8K
Office expensesLn 13$470$470
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$1K$1K
Total functional expensesLn 25$99K$83K$15K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest $9K$5K$5K$0 990 PDF
FY2021 $630K$94K$536K$25K 990 PDF
FY2020 Viewing $233K$99K$135K$1.6M 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 $233,412 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $120,792$112,518
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $50,766$113,694
I-11 Other revenuePrior year $20,158$7,200
I-12 Total revenuePrior year $191,716$233,412
I-13 Grants and similar amounts paidPrior year $126,465$83,360
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $15,660$15,316
I-18 Total expensesPrior year $142,125$98,676
I-19 Revenue less expensesPrior year $49,591$134,736
Part VI · Governance 0 of 7 board members independent, 2 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $233,412 across 7 lines filed
VIII-1d Related organizations$800
VIII-1f All other contributions, gifts and grants$111,718
VIII-1h Total contributions, gifts and grants$112,518
VIII-3 Investment incomeExcluded from tax $36,871$36,871
VIII-7 Net gain or loss on sales of assetsExcluded from tax $76,823$76,823
VIII-8 Net income from fundraising eventsExcluded from tax $7,200$7,200
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $120,894$233,412
Part IX · Statement of functional expenses $98,676 across 6 lines filed
IX-2 Grants to domestic individualsPrograms $83,360$83,360
IX-11c Accounting feesManagement $3,975$3,975
IX-11f Investment management feesManagement $8,037$8,037
IX-13 Office expensesManagement $470$470
IX-23 InsuranceManagement $1,415$1,415
IX-24 Other expenses (24a–d)Management $1,419$1,419
IX-25 Total functional expensesPrograms $83,360 · Management $15,316 · Fundraising $0$98,676
Part X · Balance sheet $1,614,788 assets, 8 lines filed
X-2 Savings and temporary cash investmentsStart of year $56,532$73,252
X-11 Publicly traded securitiesStart of year $1,423,520$1,541,494
X-15 Other assets$42
X-16 Total assetsStart of year $1,480,052$1,614,788
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $1,480,052$1,614,788
X-32 Total net assets or fund balancesStart of year $1,480,052$1,614,788
X-33 Total liabilities and net assetsStart of year $1,480,052$1,614,788
Part XI · Reconciliation of net assets $1,614,788 net assets at year end
XI-1 Total revenue$233,412
XI-2 Total expenses$98,676
XI-3 Revenue less expenses$134,736
XI-4 Net assets at start of year$1,480,052
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,614,788

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

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