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McCf INC FY2022 filing

Tax-deductible

Ripley, WV501(c)(3)Foundations & Grantmakers EIN 81-0691618Revenue −$842K in FY2022

On file with the IRSmccfinc.org108 Church St N, 25271-1236 · Ripley, WVTax-exempt since Jan 2016Publicly supported charity — 170(b)(1)(A)(vi)

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The community foundation of mason county mission is to serve mason county, WV by providing leadership to inspire people to build permanent charitable resources that deliver meaningful grants and scholarships to continually improve the community. Our goal is to enhance the quality of life for the people in the mason county, WV community by building permanent funds to serve the broad charitable needs of our community; managing these funds efficiently; and using these funds effectively in response to our area's changing needs and opportunities.

501(c)(3) charity; gifts are tax-deductible.
83¢ 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
4 of 5
filings with a surplus
Average surplus $132K a year · 28% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Plus $5.3M in investments, Pt X · Ln 11–13
Looks good: 7.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$114K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
−$842K
-195% vs prior year
Spent
$470K
To programs
83%
Net assets
$5.5M
By yearFY2020–FY2024
Revenue
−$842K
FY2022▼ -195%
Tap a bar for its year
Revenue by fiscal year
FY2020$742K
FY2021$889K
FY2022−$842K
FY2023$828K
FY2024$769K
Expenses
$470K
FY2022▲ +144%
Tap a bar for its year
Expenses by fiscal year
FY2020$662K
FY2021$192K
FY2022$470K
FY2023$168K
FY2024$234K
Net assets
$5.5M
FY2022▼ -19%
Tap a bar for its year
Net assets by fiscal year
FY2020$6.1M
FY2021$6.8M
FY2022$5.5M
FY2023$6.1M
FY2024$6.7M

From the FY2022 Form 990 · figures checked against the IRS filing · 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 2016.

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

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $390K Management & general 11% · $53K Fundraising 6% · $27K

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

12 people listed on the 990.

Part VII, Section A · reportable compensation
Alex Dickens
Board Member
$0Pt VII · Sec A
Suzanne Dickens
Board Member
$0Pt VII · Sec A
Sandy Dunn
Board Member
$0Pt VII · Sec A
Darlene Haer
Board Member
$0Pt VII · Sec A
Rick Handley
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Bob McMillan
Board Member
$0Pt VII · Sec A
John Musgrave
Board Member
$0Pt VII · Sec A
See McCf 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

Builds permanent charitable resources to fund grants and scholarships improving Mason County, WV.

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Provided by the organization

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1 program · $390K · in their own filed words · FY2022
01

Community grants and scholarships via a competitive grant making and application process from the funds held by the foundation.

$390Kprogram 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 · FY2024
Fidelity Investments Charitable Gift FundFY2024$10K
Total grants receivedfrom 1 funder$10K
Grants paid · 10 grants · $1.3M · 2020–2024
Individual RecipientFY2024$77,446
Unitemized GrantFY2024$58,250
Unitemized GrantFY2023$58,500
Individual RecipientFY2023$31,622
Individual RecipientFY2022$321,083
Unitemized GrantFY2022$53,900
Individual RecipientFY2021$67,985
Unitemized GrantFY2021$45,600
Individual RecipientFY2020$555,120
Unitemized GrantFY2020$45,250

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
−$842K
Ln 12
Gifts and grantsLn 1h$124K
Investment incomeLn 3$98K
Money outPt IX
$470K
Ln 25
Programscol B$390K
Managementcol C$53K
Fundraisingcol D$27K
Owns and owesPt X
$5.5M
net assets · Ln 32
Cash and savingsLn 1–2$277K
Total assetsLn 16$5.6M
LiabilitiesLn 26$114K
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$124K
Noncash giftsLn 1g$2K
Investment incomeLn 3$98K
Gains on assetsLn 7−$1.1M
Total revenueLn 12−$842K
Assets in detailPt X, end of year
CashLn 1$108K
SavingsLn 2$169K
Cash and savings togetherLn 1–2$277K
InvestmentsLn 11–13$5.3M
Total assetsLn 16$5.6M
LiabilitiesLn 26$114K
Net assetsLn 32$5.5M
OperationsPt I, VI
EmployeesI 50
VolunteersI 620
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$313K$277K
InvestmentsLn 11–13$6.6M$5.3M
Total assetsLn 16$6.9M$5.6M
LiabilitiesLn 26$85K$114K
Net assetsLn 32$6.8M$5.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$321K$321K
Grants to domestic individualsLn 2$54K$54K
Pay of disqualified personsLn 6$28K$6K$6K$17K
Other salaries and wagesLn 7$12K$6K$6K
Other employee benefitsLn 9$3K$1K$1K$991
Accounting feesLn 11c$28K$28K
Advertising and promotionLn 12$555$555
Office expensesLn 13$9K$9K
OccupancyLn 16$2K$740$740$697
TravelLn 17$301$301
InsuranceLn 23$4K$1K$1K$1K
Other expenses (24a–d)Ln 24$8K$2K$7K
Total functional expensesLn 25$470K$390K$53K$27K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $769K$234K$535K$6.7M 990 PDF
FY2023 $828K$168K$661K$6.1M 990 PDF
FY2022 Viewing −$842K$470K−$1.3M$5.5M 990 PDF
FY2021 $889K$192K$697K$6.8M 990 PDF
FY2020 $742K$662K$80K$6.1M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary −$842,318 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $157,126$123,998
I-9 Program service revenue$0
I-10 Investment incomePrior year $732,115−$1,011,232
I-11 Other revenue$44,916
I-12 Total revenuePrior year $889,241−$842,318
I-13 Grants and similar amounts paidPrior year $113,585$374,983
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $35,230$43,472
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $43,326$51,292
I-18 Total expensesPrior year $192,141$469,747
I-19 Revenue less expensesPrior year $697,100−$1,312,065
Part VI · Governance 12 of 12 board members independent, 2 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue −$842,318 across 7 lines filed
VIII-1f All other contributions, gifts and grants$123,998
VIII-1g Noncash contributions (included above)$2,177
VIII-1h Total contributions, gifts and grants$123,998
VIII-3 Investment incomeRelated to mission $97,807$97,807
VIII-7 Net gain or loss on sales of assetsRelated to mission −$1,109,039−$1,109,039
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $44,916$44,916
VIII-12 Total revenueRelated to mission −$966,316−$842,318
Part IX · Statement of functional expenses $469,747 across 12 lines filed
IX-1 Grants to domestic organizationsPrograms $321,083$321,083
IX-2 Grants to domestic individualsPrograms $53,900$53,900
IX-6 Pay of disqualified personsPrograms $5,600 · Management $5,600 · Fundraising $16,800$28,000
IX-7 Other salaries and wagesPrograms $6,187 · Management $6,188$12,375
IX-9 Other employee benefitsPrograms $1,053 · Management $1,053 · Fundraising $991$3,097
IX-11c Accounting feesManagement $27,633$27,633
IX-12 Advertising and promotionFundraising $555$555
IX-13 Office expensesManagement $8,689$8,689
IX-16 OccupancyPrograms $740 · Management $740 · Fundraising $697$2,177
IX-17 TravelManagement $301$301
IX-23 InsurancePrograms $1,257 · Management $1,258 · Fundraising $1,184$3,699
IX-24 Other expenses (24a–d)Management $1,534 · Fundraising $6,704$8,238
IX-25 Total functional expensesPrograms $389,820 · Management $52,996 · Fundraising $26,931$469,747
Part X · Balance sheet $5,595,567 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $35,443$108,286
X-2 Savings and temporary cash investmentsStart of year $277,851$168,572
X-4 Accounts receivableStart of year $12,259$39
X-11 Publicly traded securitiesStart of year $6,421,948$5,207,498
X-12 Other securitiesStart of year $131,016$111,172
X-16 Total assetsStart of year $6,878,517$5,595,567
X-17 Accounts payable and accrued expensesStart of year $7,004$3,410
X-18 Grants payableStart of year $22,395$61,558
X-25 Other liabilitiesStart of year $55,424$48,970
X-26 Total liabilitiesStart of year $84,823$113,938
X-27 Net assets without donor restrictionsStart of year $6,699,648$5,399,051
X-28 Net assets with donor restrictionsStart of year $94,046$82,578
X-32 Total net assets or fund balancesStart of year $6,793,694$5,481,629
X-33 Total liabilities and net assetsStart of year $6,878,517$5,595,567
Part XI · Reconciliation of net assets $5,481,629 net assets at year end
XI-1 Total revenue−$842,318
XI-2 Total expenses$469,747
XI-3 Revenue less expenses−$1,312,065
XI-4 Net assets at start of year$6,793,694
XI-10 Net assets at end of year$5,481,629

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

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