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Nonprofiteer
← MRCC FOUNDATION INC

Form 990 for tax year 2023

Filed by MRCC FOUNDATION INC.

Totals

Total revenue
$237,947
Total expenses
$154,258
Contributions and grants received
$232,976
Grants paid
$147,500
Program service revenue
$0
Investment income
$3,505
Other revenue
$1,466
Total assets, end of year
$264,069
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$264,069
Program services expenses (Part IX)
$154,258
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$154,258

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $232,976

  • 3 · Investment income

    total $3,505 · excluded $3,505

  • 11a · Other revenue: ESSEX COLLEGE REFUND

    total $1,466 · excluded $1,466

  • 11e · Other revenue, total

    $1,466

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $147,500 · program services $147,500

  • 7 · Other salaries and wages

    total $3,000 · program services $3,000

  • 24a · Other expenses: DUPLICATE DONATION REFU

    total $2,500 · program services $2,500

  • 24b · Other expenses: NETWORK FOR GOOD

    total $1,200 · program services $1,200

  • 24c · Other expenses: ANNUAL REPORT

    total $33 · program services $33

  • 24d · Other expenses: 1099 FORM

    total $25 · program services $25

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $55,380 · end of year $139,069

  • 2 · Savings and temporary cash investments

    beginning of year $125,000 · end of year $125,000

  • 27 · Net assets without donor restrictions

    beginning of year $180,380 · end of year $264,069

Mission and programs · 2023

Mission

THE CORPORATION IS FORMED TO (I) ESTABLISH AND ADMINISTER A FUND OF MONIES FROM WHICH TO AWARD SCHOLARSHIPS TO EMPLOYESS INCLUDING THEIR FAMILY MEMBERS AND SERVICE PROVIDERS OF 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 CORPORTATION QUALIFIED AS A PUBLIC CHARITY MAY DO.

Activities or mission (Part I)

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.

  • SCHOLARSHIPS TO EMPLOYEES INCLUDING THEIR FAMILY MEMBERS AND SERVICE PROVIDERS OF MOUNTAIN RIDGE COUNTRY CLUB

    Expenses $154,258 · Grants $147,500

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • John Fanburg

    PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • Jeremy Halpern

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • James Messina

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • Penina Barr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Ellen Brener

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Jon Maslin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Rob Francis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Dana Friedman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Howard Jacobs

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Ellie Lazarus

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Blair Schachtel

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Bill Wachtel

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Ned Steiner

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Stephen Weinstein

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
11 November 2024
IRS schema version
2023v5.1
Source object
202413199349306526

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