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← MFHA FOUNDATION

Form 990 for tax year 2024

Filed by MFHA FOUNDATION.

Totals

Total revenue
$239,836
Total expenses
$302,201
Contributions and grants received
$38,794
Grants paid
$6,500
Program service revenue
$51,998
Investment income
$171,423
Other revenue
-$22,379
Total assets, end of year
$4,060,753
Total liabilities, end of year
$134,363
Net assets or fund balances, end of year
$3,926,390
Program services expenses (Part IX)
$208,995
Management and general expenses
$88,967
Fundraising expenses
$4,239
Program service expenses (Part III)
$208,995

Program services were 69.2% 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

    $38,794

  • 2a · Program service revenue: Affiliate Rental Income

    total $51,998 · related or exempt $51,998

  • 3 · Investment income

    total $38,387 · related or exempt $38,387

  • 7a · Gross sales of assets other than inventory

    securities $972,289

  • 7b · Less cost or other basis and sales expenses

    securities $839,253

  • 7c · Gain or loss

    securities $133,036

  • 7d · Net gain or loss

    total $133,036 · excluded $133,036

  • 8a · Fundraising events: gross income

    $211,316

  • 8b · Fundraising events: direct expenses

    $234,500

  • 8c · Net income from fundraising events

    total -$23,184 · excluded -$23,184

  • 10a · Gross sales of inventory

    $805

  • 10c · Net income from sales of inventory

    total $805 · related or exempt $805

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $6,500 · program services $6,500

  • 11b · Fees: legal

    total $3,064 · management and general $3,064

  • 11c · Fees: accounting

    total $7,992 · management and general $7,992

  • 11f · Fees: investment management

    total $5,830 · management and general $5,830

  • 12 · Advertising and promotion

    total $7,576 · program services $3,485 · management and general $3,864 · fundraising $227

  • 13 · Office expenses

    total $3,013 · program services $1,386 · management and general $1,537 · fundraising $90

  • 14 · Information technology

    total $8,576 · program services $3,945 · management and general $4,374 · fundraising $257

  • 16 · Occupancy

    total $55,281 · program services $25,429 · management and general $28,193 · fundraising $1,659

  • 19 · Conferences, conventions and meetings

    total $6,144 · program services $6,144

  • 22 · Depreciation, depletion and amortization

    total $82,551 · program services $82,551

  • 23 · Insurance

    total $7,041 · program services $7,041

  • 24a · Other expenses: Shared Payroll Expense

    total $51,971 · program services $23,907 · management and general $26,505 · fundraising $1,559

  • 24b · Other expenses: Education Studies

    total $29,291 · program services $29,291

  • 24c · Other expenses: Publication Printing

    total $6,779 · program services $6,779

  • 24d · Other expenses: Recruitment

    total $12,000 · program services $5,520 · management and general $6,120 · fundraising $360

  • 24e · All other expenses

    total $8,592 · program services $7,017 · management and general $1,488 · fundraising $87

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $22,844 · end of year $173,074

  • 4 · Accounts receivable

    beginning of year $50,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $66,118 · end of year $58,126

  • 10a · Land, buildings and equipment: cost or other basis

    $2,495,559

  • 10b · Land, buildings and equipment: accumulated depreciation

    $438,010

  • 10c · Land, buildings and equipment, net

    beginning of year $2,140,100 · end of year $2,057,549

  • 12 · Investments: other securities

    beginning of year $1,753,890 · end of year $1,772,004

  • 17 · Accounts payable and accrued expenses

    end of year $38,631

  • 19 · Deferred revenue

    beginning of year $63,388 · end of year $95,732

  • 27 · Net assets without donor restrictions

    beginning of year $3,969,564 · end of year $3,926,390

Mission and programs · 2024

Mission

MHFA Foundations Mission is to help preserve the sport of foxhunting for future generations.

  • THE MFHA FOUNDATION IS A 501 (C)(3) ORGANIZATION. MFHA FOUNDATIONS MISSION IS TO HELP PRESERVE THE SPORT OF FOXHUNTING FOR FUTURE GENERATIONS. MFHA FOUNDATION ACCOMPLISHES THIS BY WORKING HAND-IN-HAND WITH MFHA AND MANY OTHER ORGANIZATIONS AND INDIVIDUALS TO PROVIDE INFORMATION AND PROGRAMS DESIGNED TO EDUCATE THE PUBLIC ABOUT THE SPORT OF FOXHUNTING, PROMOTE THE CONSERVATION OF LANDS, FACILITATE THE PRESERVATION OF NATURAL HABITATS, AND SUPPORT AND ENCOURAGE RESEARCH ON HEALTH, WELFARE AND TRAINING OF HOUNDS AND HORSES. IT IS SUPPORTED BY FIVE VOLUNTEER DIRECTORS. FROM THOSE FIVE DIRECTORS, TWO ARE APPOINTED OFFICERS.

    Expenses $208,995

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Andrew Barclay

    Former Executive Director

    Total calculated
    $163,901
    From this org
    $0
    From related orgs
    $163,901
    Other
    $0
    Hours/week
    6 + 40 related

    Schedule J breakdown matched by us · ignoring case and punctuation

    Base
    not reported + $163,901 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $163,901 related
  • C Martin Wood

    Director

    Total calculated
    $0
    Hours/week
    1
  • Penny Denegre

    President

    Total calculated
    $0
    Hours/week
    1
  • Jeff LeHew

    Treasurer

    Total calculated
    $0
    Hours/week
    1
  • Sue Levy

    Secretary

    Total calculated
    $0
    Hours/week
    1
  • Roderick Smith

    Director

    Total calculated
    $0
    Hours/week
    1
  • Linda Taliaferro

    Upcoming Executive Director

    Total calculated
    $0
    Hours/week
    6 + 40 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
15 May 2025
IRS schema version
2024v5.2
Source object
202533149349304143

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