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← MFHA FOUNDATION

Form 990 for tax year 2022

Filed by MFHA FOUNDATION.

Totals

Total revenue
$223,133
Total expenses
$478,747
Contributions and grants received
$70,249
Grants paid
$0
Program service revenue
$72,212
Investment income
$78,172
Other revenue
$2,500
Total assets, end of year
$4,159,565
Total liabilities, end of year
$10,144
Net assets or fund balances, end of year
$4,149,421
Program services expenses (Part IX)
$321,930
Management and general expenses
$148,050
Fundraising expenses
$8,767
Program service expenses (Part III)
$321,930

Program services were 67.2% 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

    $70,249

  • 2a · Program service revenue: EDUCATIONAL SEMINARS

    total $46,299 · related or exempt $46,299

  • 2b · Program service revenue: AFFILIATE RENTAL INCOM

    total $25,913 · related or exempt $25,913

  • 3 · Investment income

    total $23,738 · excluded $23,738

  • 7a · Gross sales of assets other than inventory

    securities $330,172

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

    securities $275,738

  • 7c · Gain or loss

    securities $54,434

  • 7d · Net gain or loss

    total $54,434 · excluded $54,434

  • 11a · Other revenue: MISCELLANEOUS

    total $2,500 · excluded $2,500

  • 11e · Other revenue, total

    $2,500

Functional expenses

Part IX, the statement of functional expenses.

  • 11f · Fees: investment management

    total $5,423 · management and general $5,423

  • 11g · Fees: other

    total $180 · management and general $180

  • 12 · Advertising and promotion

    total $1,120 · program services $1,120

  • 13 · Office expenses

    total $1,000 · program services $500 · management and general $500

  • 16 · Occupancy

    total $17,644 · program services $9,351 · management and general $6,175 · fundraising $2,118

  • 17 · Travel

    total $4,129 · program services $4,129

  • 19 · Conferences, conventions and meetings

    total $97,944 · program services $97,944

  • 22 · Depreciation, depletion and amortization

    total $83,561 · program services $38,438 · management and general $42,616 · fundraising $2,507

  • 24a · Other expenses: SHARED EXPENSES

    total $138,068 · program services $63,511 · management and general $70,415 · fundraising $4,142

  • 24b · Other expenses: EDUCATIONAL STUDIES

    total $37,904 · program services $37,904

  • 24c · Other expenses: PROMOTIONAL CONTRACT WO

    total $26,242 · program services $26,242

  • 24d · Other expenses: PROFESSIONAL DEVELOPMEN

    total $22,085 · program services $22,085

  • 24e · All other expenses

    total $43,447 · program services $20,706 · management and general $22,741

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $8,141 · end of year -$2,256

  • 3 · Pledges and grants receivable

    beginning of year $5,000

  • 4 · Accounts receivable

    beginning of year $32,057 · end of year $32,057

  • 9 · Prepaid expenses and deferred charges

    beginning of year $50,000 · end of year $30,050

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

    $2,495,559

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

    $270,432

  • 10c · Land, buildings and equipment, net

    beginning of year $2,198,024 · end of year $2,225,127

  • 12 · Investments: other securities

    beginning of year $2,556,426 · end of year $1,874,587

  • 25 · Other liabilities

    beginning of year $0 · end of year $10,144

  • 27 · Net assets without donor restrictions

    beginning of year $3,446,715 · end of year $3,045,635

  • 28 · Net assets with donor restrictions

    beginning of year $1,402,933 · end of year $1,103,786

Mission and programs · 2022

Mission

MHFA FOUNDATION'S MISSION IS TO HELP PRESERVE THE SPORT OF FOXHUNTING FOR FUTURE GENERATIONS.

  • THE MFHA FOUNDATION IS A 501 (C)(3) ORGANIZATION. MFHA FOUNDATION'S 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.PROGRAM SERVICE ACCOMPLISHMENTS:NOT ONLY DOES MFHA FOUNDATION CONDUCT ITS OWN ACIVITIES, BUT IT ALSOHAS TAKEN ON THE ROLE OF RAISING FUNDS FOR ALL CHARITABLE AND EDUCATIONAL ACTIVITIES AND ENDEAVORS ASSOCIATED WITH THE MASTERS OF FOXHUNTING GROUP. MFHA FOUNDATION SUPPORTS AND OFFERS PROGRAMS INCLUDING PROVIDING CONSERVATON AND HABITAT-PRESERVATION INFORMATION AND EDUCTONAL MATERIALS; PUBLISHING FOX HUNTING RELATED BOOKS, CDS, TAPES AND VIDEOS; AND CONDUCTING SEMINARS COVERING ALL ELEMENTS OF THE SPORT, INCLUDING THE BREEDING, TRAINING AND HUNTING HOUNDS, SUPPORTING RESEARCH THAT CONTRIBUTES TO HOUND HEALTH AND DISEASE PREVENTION, A CODE OF HUNTING PRACTICES THAT PROVIDED STANDARDS FOR ITS MEMBERS TO ASSURE ALL ASPECTS OF THE SPORT CONTRIBUTE TO GOOD SPORTING PRACTICES AND HUMANE TREATMENT OF DOMESTIC AND WILD ANIMALS, INFORMATION ON THREATS TO FOXHUNTING'S CONTINUED SURVIVAL,GAME MANAGEMENT, HISTORICAL TREATISES, AND HOW TO ENJOY YOURSELF MORE FULLY AS A MEMBER OF THE MOUNTED FIELD. MFHA FOUNDATION REMAINS DEDICATED TO THE EDUCATONAL MISSION AND PROGRAMS STARTED BY MASTERS OF FOXHOUNDS EDUCATIONAL FOUNDATION AND WILL CONTINUE TO PROVIDE AND DEVELOP SUCH PROGRAMS. PROMOTING KNOWLEDGE OF THE BASIS FOR AND THE VALUE OF TRADITONAL FIELD SPORTS IS THE MOST EFFECTIVE WAY TO DEAL WITH PUBLIC MEDIA THAT MIGHT OTHERWISE EXPLOIT IGNORANCE OF FIELD SPORTS BY DISTORTING AND MISREPRESENTING THEM IN STORIES OPPOSED TO MOUNTED FOXHUNTING AND OTHER OUTDOOR PURSUITS.THE MFHA NATIONAL OFFICE SUPPORTS MFHA FOUNDATION'S ACTIVITIES AND MISSIONS. THE MFHA OFFICE STAFF HANDLES COMMUNICATIONS ACCOUNTING AND PUBLICATION FOR MFHA FOUNDATION. MFHA STAFF ALSO HANDLES OTHER ADMINISTRATIVE REQUIREMENTS INCLUDING BUT NOT LIMITED TO, PLANNING AND ARRANGING MEETINGS, PANEL DISCUSSIONS, PUBLISHING EDUCATIONAL MATERIALS ASSOCIATED WITH ALL ASPECTS OF TOPICS IMPORTANT TO FOXHUNTING AND ITS FUTURE, AS WELL AS ENSURING CHARITABLE SOLICITATION REGISTRATIONS ARE COMPLETE. MFHA FOUNDATION PAYS FAIR MARKET VALUE FOR THESE SERVICES.MFHA FOUNDATION PURCHASES SERVICES FROM MFHA, PAYING THE ACTUAL COST OF EMPLOYEE TIME SPENT ON FOUNDATION MATTERS BASED ON THE ACTUAL NUMBER OF HOURS EACH EMPLOYEE SPENDS ON MFHA FOUNDATION ACTIVITIES, AND OTHER EMPLOYEE COSTS. THIS IS DONE USING A RATIO OF THE PERCENTAGE OF TIME EACH EMLOYEE SPENDS ON EACH OF THE ENTITIES'S ACTIITIES.

    Expenses $321,930 · Revenue $72,212

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Leslie Rhett Crosby

    CHAIRMAN/PRESIDENT

    Total calculated
    $0
    Hours/week
    3 + 1 related
  • Mason H Lampton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3 + 1 related
  • C Martin Wood III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Eleanor Menefee Warriner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • William D Haggard IV

    TREASURER

    Total calculated
    $0
    Hours/week
    3 + 1 related
  • Andrew Barclay

    DIRECTOR OF HUNTING

    Total calculated
    $86,969
    From this org
    $0
    From related orgs
    $86,969
    Other
    $0
    Hours/week
    23 + 24 related
  • Billie-Jo Pearl

    OPERATIONS OFFICER

    Total calculated
    $95,704
    From this org
    $0
    From related orgs
    $95,704
    Other
    $0
    Hours/week
    23 + 24 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.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
11 May 2023
IRS schema version
2022v5.0
Source object
202331319349301473

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