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Mansfield Foundation EIN 46-6490107 Form 990 (PDF) Claim this org

Mansfield Foundation FY2023 filing

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A private foundation based in Red Oak, NC. It reported about $299K in revenue for 2023. For fiscal year 2023 it reported $299K in revenue, $395K in expenses, and $2.0M in net assets.Pt I

Type
Private foundation / grantmaker · Foundations & Grantmakers
Location
Red Oak, NC
Filings
5 on file (2020–2023)
Revenue
$299KFY2023
Expenses
$395K
Net assets
$2.0M
People
0
Filings
5
Updates
0
More identity details & actions ⌄
EIN  46-6490107 Private foundation / grantmaker Red Oak, NC
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
A private foundation based in Red Oak, NC. It reported about $299K in revenue for 2023.
Money in and out
$299K revenue, $395K expenses
Bottom line
—
Grants paid & assets · FY2023
Total revenue
$299K
Pt VIII · Ln 12
Total expenses
$395K
Pt IX · Ln 25
Net assets
$2.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$96K
Total assets
2.0M
deployed as grants and operations
Grants paid
393K
in FY2023
Grants made
28grants
total in period
Payout rate
19%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 28 grants · $529K · 2024–2024
First Baptist Church of Rocky MountFY2024$130,000
Baptists on MissionFY2024$61,000
The Salvation ArmyFY2024$50,000
Baptist Children's Homes of Nc INCFY2024$35,000
Agape Village Foundation INCNC · FY2024$30,000
Southside Academy at PeacemakersFY2024$28,000
Essex Community ChurchFY2024$23,000
Arlington Baptist ChurchFY2024$20,000
Midtown ChurchFY2024$15,000
Operation BlessingFY2024$15,000
Your Choice Resource CenterFY2024$15,000
Joyce Meyer Ministries INCMO · FY2024$15,000
Focus on the FamilyCO · FY2024$8,000
Billy Graham Evangelistic AssocFY2024$7,500
J D Greear Ministries INCFY2024$7,500
Peacemakers of Rocky Mount IncorporatedNC · FY2024$7,000
Gideons InternationalTN · FY2024$7,000
Life Action MinistriesMI · FY2024$7,000
See all 28 grants →

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV11
Average grantPart XV$19K
Median grantPart XV$8K
Largest grantPart XV$130K
Top cause focusNTEEReligion (21%)

Summary of the Filing

Part I · fiscal year 2023 · Form 990-PF
Revenue
$299K
FY2023▲ +116%
Expenses
$395K
FY2023▲ +12%
Total assets
$2.0M
FY2023▼ -5%
Total liabilities
$0
FY2023
Total revenue
$299K
Pt VIII · Ln 12
Total expenses
$395K
Pt IX · Ln 25
Net assets
$2.0M
Pt X · Ln 32
Total assetsPt II$2.0M

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMansfield Foundation
EINHdr · item D46-6490107
Principal addressHdr · item CRed Oak, NC
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T22)
Ruling yearIRS BMFMar 2015

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Officers, directors & key employeesPt VII · Sec ANot reported
See Mansfield Foundation executive salaries →

Statement of Revenue

Part VIII
Contributions & grants$220K · 74%
Investment income$79K · 26%
Contributions & grants74%$220K
Investment income26%$79K
Total revenueLn 12$299K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $1.00 Operating & administrative $0.00
Grants & contributions paid100%$393K
Operating & administrative$2K
Total functional expensesLn 25$395K

Balance Sheet

Part X · end of year
CashLn 1$336K
Total assetsLn 16$2.0M
Total liabilitiesLn 26$0
Total net assetsLn 32$2.0M
Months of cash on handcomputed10.2

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $2.0M
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $299K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $299K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $299K · Prior year $139K
+116%
Net-asset trend (YoY)
End of year $2.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $299K · Expenses $395K
-32%
Liabilities-to-Assets
Total liabilities — · Total assets $2.0M
—
Net-asset ratio
Net assets $2.0M · Total assets $2.0M
100%
People & payroll
Highest Reported Total Compensation
Individual — · Reported title — · Highest reported compensation — · Total expenses $395K
No individual compensation reported on this filing
Personnel share
not reported
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth 116%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$313K revenue · ⤓ 990 PDF
FY2023$299K revenue · viewing · ⤓ 990 PDF
FY2022$139K revenue · ⤓ 990 PDF
FY2021$76K revenue · ⤓ 990 PDF
FY2020$85K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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