McCf INC EIN 81-0691618

McCf INC FY2023 filing

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Builds permanent charitable resources to fund grants and scholarships improving Mason County, WV. For fiscal year 2023 it reported $828K in revenue, $168K in expenses, and $6.1M in net assets.Pt I

Type
Public foundation / grantmaker · Foundations & Grantmakers
Location
Ripley, WV
Website
mccfinc.org
Filings
5 on file (2020–2023)
Revenue
$828KFY2023
Expenses
$168K
Net assets
$6.1M
People
12
Filings
5
Updates
0
More identity details & actions ⌄
EIN  81-0691618 Public foundation / grantmaker Ripley, WV
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
Builds permanent charitable resources to fund grants and scholarships improving Mason County, WV.
Leadership
Alex Dickens · Board Member
Money in and out
$828K revenue, $168K expenses
Bottom line
63% program efficiency
Grants paid & assets · FY2023
Total revenue
$828K
Pt VIII · Ln 12
Total expenses
$168K
Pt IX · Ln 25
Net assets
$6.1M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $661K
Where spending went · Part IX cols B–D
Program services $0.63 Management & general $0.26 Fundraising $0.12
Program efficiency
63%
of spending reaches programs
Operating runway
451.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
+80%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$828K
FY2023▲ +198%
Expenses
$168K
FY2023▼ -64%
Total assets
$6.2M
FY2023▲ +12%
Total liabilities
$98K
FY2023▼ -14%
Total revenue
$828K
Pt VIII · Ln 12
Total expenses
$168K
Pt IX · Ln 25
Net assets
$6.1M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$661K
Total assetsPt X · Ln 16$6.2M
Program-expense ratioPt IX · col B63%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412
Mission & Programs · Part III

Where the work happens

1 program service account for $105K of program spending, described in the organization's own filed words · FY2023.
01

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

$105Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMcCf INC
EINHdr · item D81-0691618
Principal addressHdr · item CRipley, WV
WebsiteHdr · item Jmccfinc.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWV
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T31)
Ruling yearIRS BMFJan 2016

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Investment income$748K · 90%
Contributions & grants$63K · 8%
Other revenue$18K · 2%
Investment income90%$748K
Contributions & grants8%$63K
Other revenue2%$18K
Total revenueLn 12$828K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.63 Management & general $0.26 Fundraising $0.12
Program services63%$105K
Management & general26%$43K
Fundraising12%$20K
Total functional expensesLn 25$168K

Balance Sheet

Part X · end of year
CashLn 1$313K
Total assetsLn 16$6.2M
Total liabilitiesLn 26$98K
Total net assetsLn 32$6.1M
Months of cash on handcomputed22.4

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $6.2M · Operating expenses (Pt IX) $168K · Less non-cash grants $2K · Cash operating expenses/yr $166K
451.0 months
Where the money goes
Program services
Program services $105K · Total expenses $168K
63%
Management & General
Management & general $43K · Total expenses $168K
26%
Fundraising
Fundraising $20K · Total expenses $168K
12%
Cost to raise $1
Fundraising expense (3-yr avg) $22K · Solicited contributions (3-yr avg) $115K
$0.19 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $63K · Total revenue $828K
8%
Government reliance
Government grants — · Total revenue $828K
Earned-income share
Program service revenue $0 · Total revenue $828K
0%
Investment reliance
Investment income $748K · Total revenue $828K
+90%
Program self-sufficiency
Program service revenue $0 · Total expenses $168K
0%
Growth & trend
Revenue growth (YoY)
This year $828K · Prior year $-842K
Prior-year revenue below floor — showing dollar change
Net-asset trend (YoY)
End of year $6.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $828K · Expenses $168K
+80%
Liabilities-to-Assets
Total liabilities — · Total assets $6.2M
Net-asset ratio
Net assets $6.1M · Total assets $6.2M
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $5.7M · Other securities (Pt X, ln 12) $200K · Total assets (Pt X, ln 16) $6.2M
95%
People & payroll
Highest Reported Total Compensation
Individual Alex Dickens · Reported title BOARD MEMBER · Highest reported compensation $0 · Total expenses $168K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $42K · Total expenses $168K
25%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 63%
Overhead ratio 26%
Fundraising cost ratio 31%
Revenue growth 198%
Accounting fee ratio 15%

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.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$10K
Grants paid · 10 grants · $1.3M · 2020–2024
Multiple Grant RecipientsFY2024$77,446
Unitemized GrantFY2024$58,250
Unitemized GrantFY2023$58,500
Multiple Grant RecipientsFY2023$31,622
Multiple Grant RecipientsFY2022$321,083
Unitemized GrantFY2022$53,900
Multiple Grant RecipientsFY2021$67,985
Unitemized GrantFY2021$45,600
Multiple Grant RecipientsFY2020$555,120
Unitemized GrantFY2020$45,250

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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)$769K revenue · ⤓ 990 PDF
FY2023$828K revenue · viewing · ⤓ 990 PDF
FY2022$-842K revenue · ⤓ 990 PDF
FY2021$889K revenue · ⤓ 990 PDF
FY2020$742K 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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