Skip to content
Nonprofiteer
← MIDWAY USA FOUNDATION INC

Form 990 for tax year 2023

Filed by MIDWAY USA FOUNDATION INC.

Totals

Total revenue
$24,885,501
Total expenses
$12,546,904
Contributions and grants received
$15,664,764
Grants paid
$9,043,715
Program service revenue
$0
Investment income
$8,954,535
Other revenue
$266,202
Total assets, end of year
$314,377,520
Total liabilities, end of year
$224,910
Net assets or fund balances, end of year
$314,152,610
Program services expenses (Part IX)
$11,304,903
Management and general expenses
$754,972
Fundraising expenses
$487,029
Program service expenses (Part III)
$11,304,903

Program services were 90.1% 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

    $15,664,764

  • 1g · Noncash contributions included above

    $284,616

  • 3 · Investment income

    total $4,260,793 · excluded $4,260,793

  • 6a · Gross rents

    real property $339,240

  • 6b · Less rental expenses

    real property $73,038

  • 6c · Rental income or loss

    real property $266,202

  • 6d · Net rental income or loss

    total $266,202 · excluded $266,202

  • 7a · Gross sales of assets other than inventory

    securities $52,471,713

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

    securities $47,777,971

  • 7c · Gain or loss

    securities $4,693,742

  • 7d · Net gain or loss

    total $4,693,742 · excluded $4,693,742

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $9,043,715 · program services $9,043,715

  • 5 · Compensation of officers, directors and key employees

    total $212,377 · program services $115,597 · management and general $48,868 · fundraising $47,912

  • 7 · Other salaries and wages

    total $1,085,201 · program services $590,675 · management and general $249,705 · fundraising $244,821

  • 8 · Pension plan contributions

    total $31,710 · program services $17,260 · management and general $7,296 · fundraising $7,154

  • 9 · Other employee benefits

    total $138,048 · program services $75,140 · management and general $31,765 · fundraising $31,143

  • 10 · Payroll taxes

    total $89,983 · program services $48,978 · management and general $20,705 · fundraising $20,300

  • 11b · Fees: legal

    total $6,318 · management and general $6,318

  • 11c · Fees: accounting

    total $29,000 · management and general $29,000

  • 11f · Fees: investment management

    total $1,086,138 · program services $1,086,138

  • 11g · Fees: other

    total $24,960 · program services $9,566 · management and general $11,429 · fundraising $3,965

  • 12 · Advertising and promotion

    total $57,842 · program services $31,483 · management and general $13,310 · fundraising $13,049

  • 13 · Office expenses

    total $54,556 · program services $29,695 · management and general $12,553 · fundraising $12,308

  • 14 · Information technology

    total $98,659 · program services $53,701 · management and general $22,701 · fundraising $22,257

  • 16 · Occupancy

    total $118,702 · program services $30,064 · management and general $76,177 · fundraising $12,461

  • 17 · Travel

    total $168,087 · program services $91,490 · management and general $38,677 · fundraising $37,920

  • 19 · Conferences, conventions and meetings

    total $55,788 · program services $30,365 · management and general $12,837 · fundraising $12,586

  • 22 · Depreciation, depletion and amortization

    total $152,055 · management and general $152,055

  • 23 · Insurance

    total $15,385 · program services $8,374 · management and general $3,540 · fundraising $3,471

  • 24a · Other expenses: INCOME TAX EXPENSE

    total $10,590 · program services $5,764 · management and general $2,437 · fundraising $2,389

  • 24b · Other expenses: CREDIT CARD FEES

    total $42,691 · program services $23,237 · management and general $9,823 · fundraising $9,631

  • 24c · Other expenses: EMPLOYMENT EXPENSES

    total $15,106 · program services $8,222 · management and general $3,476 · fundraising $3,408

  • 24d · Other expenses: STATE RENEWAL FEES

    total $8,830 · program services $4,806 · management and general $2,032 · fundraising $1,992

  • 24e · All other expenses

    total $1,163 · program services $633 · management and general $268 · fundraising $262

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,040,668 · end of year $268,755

  • 2 · Savings and temporary cash investments

    beginning of year $10,567,078 · end of year $13,604,177

  • 4 · Accounts receivable

    beginning of year $68,772 · end of year $46,450

  • 9 · Prepaid expenses and deferred charges

    beginning of year $552,125 · end of year $747,667

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

    $8,248,740

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

    $450,958

  • 10c · Land, buildings and equipment, net

    beginning of year $7,709,593 · end of year $7,797,782

  • 11 · Investments: publicly traded securities

    beginning of year $15,775,726 · end of year $19,027,409

  • 12 · Investments: other securities

    beginning of year $25,113,589 · end of year $26,833,876

  • 13 · Investments: program-related

    beginning of year $210,247,001 · end of year $246,051,404

  • 17 · Accounts payable and accrued expenses

    beginning of year $217,420 · end of year $224,910

  • 27 · Net assets without donor restrictions

    beginning of year $236,270,516 · end of year $272,935,234

  • 28 · Net assets with donor restrictions

    beginning of year $36,586,616 · end of year $41,217,376

Mission and programs · 2023

Mission

THE FOUNDATION PROVIDES FINANCIAL SUPPORT TO OTHER NONPROFIT ORGANIZATIONS WITH FUNDS DIRECTED SPECIFICALLY TO SUPPORT EDUCATIONAL PROGRAMS FOCUSING ON FIREARMS SAFETY, SKILL TRAINING FOR SHOOTING, HUNTING AND OUTDOOR ACTIVITIES. THE FOUNDATION EXPLICITLY DIRECTS ITS MISSION FUNDING TOWARD YOUNG PEOPLE THROUGH COLLEGES, UNIVERSIITES, EDUCATIONAL INSTITUTIONS AND YOUTH ORGANIZATIONS THAT OFFER THIS TYPE OF TRAINING; WITH THE PURPOSE OF INSTILLING CONFIDENCE, DISCIPLINE AND LEADERSHIP SKILLS IN YOUTH. THE FOUNDATION ALSO MANAGES DONOR DESIGNATED ENDOWED FUNDS FOR SOME OF THESE ORGANIZATIONS.

Activities or mission (Part I)

WE HELP COMMUNITIES AND ORGANIZATIONS RAISE FUNDS TO SUPPORT THEIR HIGH SCHOOL, COLLEGE, AND/OR OTHER YOUTH SHOOTING TEAM AND RELATED ACTIVITIES. WE ALSO MANAGE DONOR DESIGNATED ENDOWED FUNDS FOR THESE COMMUNITIES AND ORGANIZATIONS.

  • THE MIDWAY USA FOUNDATION SUPPORTS OVER 100,000 YOUTH ON ALMOST 3,000 SHOOTING TEAMS AS WELL AS THE COMMUNITIES THEY REPRESENT. THE FOUNDATION HELPS COMMUNITIES RAISE MONEY TO SUPPORT THEIR YOUTH SHOOTING SPORTS PROGRAMS THROUGH TEAM, AGENCY OR DONOR DESIGNATED ENDOWMENTS FOR STATE, REGIONAL AND NATIONAL YOUTH SHOOTING EDUCATIONAL ORGANIZATIONS. ENDOWMENTS ARE HELD AND INVESTED WITH MATCHING DOLLARS FROM THE FOUNDERS AND GRANTS ARE PAID EACH YEAR TO EVERY TEAM, AGENCY OR DONOR DESIGNATED ENDOWED ORGANIZATION THAT REQUESTS UP TO 5% OF THEIR RESPECTIVE ACCOUNT BALANCE. THE TEAMS MAY USE GRANT MONEY TO FURTHER THEIR EDUCATIONAL AND TRAINING MISSIONS IN YOUTH SHOOTING SPORTS.

    Expenses $11,304,903 · Grants $9,043,715

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

Listed in Part VII

  • RICHARD LEEPER

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • SARA POTTERFIELD

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • TOM SCHAUWECKER

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • LARRY POTTERFIELD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JAMES DUNN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ANA ENGLISH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CYNDI FLANNIGAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SHELDON BENGE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • NANCY BACON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • NICOLE CAPOSSELA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • AARON MAZER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JON ZINNEL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHRIS AGNES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • G SCOTT REYNOLDS

    EXECUTIVE DIRECTOR

    Total calculated
    $212,377
    From this org
    $206,227
    From related orgs
    $0
    Other
    $6,150
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $206,227
    Bonus
    $0
    Other
    $0
    Deferred
    $6,150
    Nontaxable benefits
    $0
    Filer's total
    $212,377

  • JOHN C MCCLATCHEY

    PROGRAM MANAGER

    Total calculated
    $108,359
    From this org
    $105,221
    From related orgs
    $0
    Other
    $3,138
    Hours/week
    40

  • JEFF H MCCLURE

    PROGRAM MANAGER

    Total calculated
    $108,020
    From this org
    $104,882
    From related orgs
    $0
    Other
    $3,138
    Hours/week
    40

  • BRENT D FERRELL

    CONTROLLER

    Total calculated
    $104,513
    From this org
    $101,477
    From related orgs
    $0
    Other
    $3,036
    Hours/week
    40

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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
18 October 2024
IRS schema version
2023v5.1
Source object
202402999349301705

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.