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Mrcc Foundation INC FY2023 filing

Tax-deductible

West Caldwell, NJ501(c)(3)EducationEIN 81-1563864Revenue $238K in FY2023

On file with the IRS713 Passaic Ave, 07006-6409 · West Caldwell, NJTax-exempt since May 2016Publicly supported charity — 170(b)(1)(A)(vi)

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The corporation is formed to (I) establish and administer a fund of monies from which to award scholarships to employees including their family members and service providers of the mountain ridge country club on an objective needs basis as determined by the trustees, (II) to raise funds and make contributions to public charities, including but not limited to, the njsga caddie scholarship Foundation which grants scholarships to caddies, receive donations and grants monies from which to fund the scholarships mentioned in (I) and (II) above, and (IV) any and all things that a nonprofit corporation qualified as a public charity may DO.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
3 of 4
filings with a surplus
Average surplus $44K a year · 17% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
20 mo
of spending, in cash
Looks good: 20.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $1K
Fine: 2 funders name 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
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$238K
-32% vs prior year
Spent
$154K
To programs
100%
Net assets
$264K
By yearFY2020–FY2024
Revenue
$238K
FY2023▼ -32%
Tap a bar for its year
Revenue by fiscal year
FY2020$182K
FY2021$221K
FY2022$348K
FY2023$238K
FY2024$248K
Expenses
$154K
FY2023▼ -61%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021$151K
FY2022$399K
FY2023$154K
FY2024$174K
Net assets
$264K
FY2023▲ +46%
Tap a bar for its year
Net assets by fiscal year
FY2020$161K
FY2021$232K
FY2022$180K
FY2023$264K
FY2024$338K

From the FY2023 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2023 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 May 2016.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $154K

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

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Who runs it and what they're paid

14 people listed on the 990.

Part VII, Section A · reportable compensation
John Fanburg
President
$0Pt VII · Sec A
$0Pt VII · Sec A
James Messina
Secretary
$0Pt VII · Sec A
Penina Barr
Board Member
$0Pt VII · Sec A
Ellen Brener
Board Member
$0Pt VII · Sec A
Jon Maslin
Board Member
$0Pt VII · Sec A
Rob Francis
Board Member
$0Pt VII · Sec A
Dana Friedman
Board Member
$0Pt VII · Sec A
See Mrcc Foundation 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 15aNo

Programs and updates

Awards scholarships to country club employees and their families, and supports public charities.

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Provided by the organization

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1 program · $154K · in their own filed words · FY2023
01

Scholarships to employees including their family members and service providers of mountain ridge country club

$154Kprogram 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 · FY2025
Olesky Family FoundationFY2025$1K
The Miller Family Foundation INCFY2025$300
Total grants receivedfrom 2 funders$1K
Grants paid · 6 grants · $598K · 2021–2024
Unitemized GrantFY2024$141,925
Njsga Caddie ScholarshipNJ · FY2024$20,000
Metropolitan Golf Association FoundationNY · FY2024$7,500
Unitemized GrantFY2023$147,500
Unitemized GrantFY2022$134,682
Unitemized GrantFY2021$146,000

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$238K
Ln 12
Gifts and grantsLn 1h$233K
Investment incomeLn 3$4K
Other incomeLn 4–11$1K
Money outPt IX
$154K
Ln 25
Programscol B$154K
Owns and owesPt X
$264K
net assets · Ln 32
Cash and savingsLn 1–2$264K
Total assetsLn 16$264K
LiabilitiesLn 26$0
PeoplePt VI, VII
14
listed · VII A
PaidVII A0
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$233K
Investment incomeLn 3$4K
Other incomeLn 4–11$1K
Total revenueLn 12$238K
Assets in detailPt X, end of year
CashLn 1$139K
SavingsLn 2$125K
Cash and savings togetherLn 1–2$264K
Total assetsLn 16$264K
LiabilitiesLn 26$0
Net assetsLn 32$264K
OperationsPt I, VI
EmployeesI 50
VolunteersI 614
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$180K$264K
Total assetsLn 16$180K$264K
LiabilitiesLn 26$0$0
Net assetsLn 32$180K$264K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$148K$148K
Other salaries and wagesLn 7$3K$3K
Other expenses (24a–d)Ln 24$4K$4K
Total functional expensesLn 25$154K$154K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $248K$174K$74K$338K 990 PDF
FY2023 Viewing $238K$154K$84K$264K 990 PDF
FY2022 $348K$399K−$51K$180K 990 PDF
FY2021 $221K$151K$70K$232K 990 PDF
FY2020 $182K$161K 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 FY2023 990 (6 parts)
Part I · Summary $237,947 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $348,039$232,976
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$3,505
I-11 Other revenuePrior year $0$1,466
I-12 Total revenuePrior year $348,039$237,947
I-13 Grants and similar amounts paidPrior year $134,682$147,500
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $3,000$3,000
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $261,616$3,758
I-18 Total expensesPrior year $399,298$154,258
I-19 Revenue less expensesPrior year −$51,259$83,689
Part VI · Governance 14 of 14 board members independent, 4 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $237,947 across 5 lines filed
VIII-1f All other contributions, gifts and grants$232,976
VIII-1h Total contributions, gifts and grants$232,976
VIII-3 Investment incomeExcluded from tax $3,505$3,505
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $1,466$1,466
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $4,971$237,947
Part IX · Statement of functional expenses $154,258 across 3 lines filed
IX-2 Grants to domestic individualsPrograms $147,500$147,500
IX-7 Other salaries and wagesPrograms $3,000$3,000
IX-24 Other expenses (24a–d)Programs $3,758$3,758
IX-25 Total functional expensesPrograms $154,258 · Management $0 · Fundraising $0$154,258
Part X · Balance sheet $264,069 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $55,380$139,069
X-2 Savings and temporary cash investmentsStart of year $125,000$125,000
X-16 Total assetsStart of year $180,380$264,069
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $180,380$264,069
X-32 Total net assets or fund balancesStart of year $180,380$264,069
X-33 Total liabilities and net assetsStart of year $180,380$264,069
Part XI · Reconciliation of net assets $264,069 net assets at year end
XI-1 Total revenue$237,947
XI-2 Total expenses$154,258
XI-3 Revenue less expenses$83,689
XI-4 Net assets at start of year$180,380
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$264,069

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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