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Nonprofiteer
← MIDLAND FOUNDATION

Form 990 for tax year 2022

Filed by MIDLAND FOUNDATION.

Totals

Total revenue
$789,362
Total expenses
$494,104
Contributions and grants received
$721,657
Grants paid
$187,639
Program service revenue
$0
Investment income
$23,939
Other revenue
$43,766
Total assets, end of year
$2,913,384
Total liabilities, end of year
$194,473
Net assets or fund balances, end of year
$2,718,911
Program services expenses (Part IX)
$187,639
Management and general expenses
$103,452
Fundraising expenses
$203,013
Program service expenses (Part III)
$187,639

Program services were 38.0% 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.

  • 1c · Fundraising events

    $196,035

  • 1f · All other contributions, gifts and grants

    $525,622

  • 1g · Noncash contributions included above

    $9,909

  • 3 · Investment income

    total $91,546 · related or exempt $91,546

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $929,588

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

    securities $997,195

  • 7c · Gain or loss

    securities -$67,607

  • 7d · Net gain or loss

    total -$67,607 · related or exempt -$67,607

  • 8a · Fundraising events: gross income

    $73,107

  • 8a · Fundraising events: contributions included on line 1c

    $196,035

  • 8b · Fundraising events: direct expenses

    $29,341

  • 8c · Net income from fundraising events

    total $43,766 · excluded $43,766

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $187,639 · program services $187,639

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $113,339 · management and general $35,735 · fundraising $77,604

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $66,983 · management and general $21,119 · fundraising $45,864

  • 8 · Pension plan contributions

    total $8,016 · management and general $2,364 · fundraising $5,652

  • 9 · Other employee benefits

    total $22,803 · management and general $2,487 · fundraising $20,316

  • 10 · Payroll taxes

    total $14,361 · management and general $4,808 · fundraising $9,553

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $22,732 · management and general $14,608 · fundraising $8,124

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $14,671 · management and general $2,026 · fundraising $12,645

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $6,393 · management and general $6,239 · fundraising $154

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $5,809 · management and general $5,809

  • 24a · Other expenses: SUPPLIES AND MATERIALS

    total $18,610 · management and general $3,628 · fundraising $14,982

  • 24b · Other expenses: MISCELLANEOUS

    total $12,748 · management and general $4,629 · fundraising $8,119

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $369,184 · end of year $770,686

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $108,299 · end of year $0

  • 4 · Accounts receivable

    beginning of year $6,713 · end of year $27,972

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $14,998 · end of year $10,127

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $2,072,332 · end of year $2,080,538

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $20,028 · end of year $24,061

  • 17 · Accounts payable and accrued expenses

    end of year $100

  • 19 · Deferred revenue

    beginning of year $35,806 · end of year $25,725

  • 25 · Other liabilities

    beginning of year $302,201 · end of year $168,648

  • 27 · Net assets without donor restrictions

    beginning of year $2,213,955 · end of year $2,362,896

  • 28 · Net assets with donor restrictions

    beginning of year $39,592 · end of year $356,015

Mission and programs · 2022

Mission

The Midland Foundation raises funds to support the programs and services of The Midland Corporation. The Foundation does so by grant writing, soliciting individual and corporate donations, estate and planned gifts, and revenue generated by special events. The Midland Foundation also works with scores of volunteers who wish to support Midland and our mission.The Midland Foundation is also the conduit for all Social Media, Public Relation and Press Releases related to significant events and promoting programs within The Midland Corporation.Midlands mission is to promote self-advocacy, personal achievement and foster independence for children and adults with intellectual and developmental disabilities by providing a choice and range of innovative programs, services and supports.Midlands Foundation re-imagined fundraising efforts in the face of the pandemic. We amplified our social media presence, shifted events to virtual platforms and developed new partnerships in our community to fundra

Activities or mission (Part I)

THE MIDLAND FOUNDATION RAISES FUNDS TO SUPPORT THE PROGRAMS AND SERVICES OF THE MIDLAND CORPORATION. MIDLAND PROVIDES A LIFETIME OF CARING FOR INDIVIVUALS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES.

  • TO HELP FOSTER THE EDUCATIONAL AND CHARITABLE PURPOSES OF MIDLAND SCHOOL, INC. AND MIDLAND ADULT SERVICES, INC.; TO AFFIRM FINANCIAL SUPPORT FOR THE IMPROVEMENT AND GROWTH OF THE MIDLAND PROGRAMS AND, THROUGH SOLICITATION OF THE COMMUNITY, PROMOTE THE GOODWILL AND WELFARE OF THE DEVELOPMENTALLY DISABLED.

    Expenses $187,639

As filed on the 2022 return.

Listed in Part VII

  • Gregg Sweetman

    FINANCIAL DIREC

    Total calculated
    $232,923
    From this org
    $0
    From related orgs
    $190,769
    Other
    $42,154
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    not reported + $190,769 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $13,306 related
    Nontaxable benefits
    not reported + $28,848 related
    Filer's total
    not reported + $232,923 related

  • Shawn McInerney

    President/CEO

    Total calculated
    $203,375
    From this org
    $0
    From related orgs
    $197,637
    Other
    $5,738
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    not reported + $197,637 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $5,738 related
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $203,375 related

  • Gail Russell

    DEV. DIRECTOR

    Total calculated
    $135,713
    From this org
    $113,339
    From related orgs
    $0
    Other
    $22,374
    Hours/week
    40

  • Stacey Carr

    Secretary

    Total calculated
    $78,550
    From this org
    $0
    From related orgs
    $60,853
    Other
    $17,697
    Hours/week
    40

  • Geoffrey K Allen

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Peter Lega

    Trustee

    Total calculated
    $0
    Hours/week
    0.5

  • John Cunningham

    Trustee

    Total calculated
    $0
    Hours/week
    0.5

  • Lenore Dunn

    Trustee

    Total calculated
    $0
    Hours/week
    0.5

  • Jenn Johnson

    Trustee

    Total calculated
    $0
    Hours/week
    0.5

  • Krasmira Hristov

    Trustee

    Total calculated
    $0
    Hours/week
    0.5

  • Peter Phillips Sr

    Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • Andy Nowack

    Trustee

    Total calculated
    $0
    Hours/week
    0.5

  • Katherine Valasek

    Trustee

    Total calculated
    $0
    Hours/week
    0.5

  • Mary T Rehus

    Trustee

    Total calculated
    $0
    Hours/week
    0.5

  • Theresa Scheuble

    Trustee

    Total calculated
    $0
    Hours/week
    0.5

  • Frank Settipani

    Trustee

    Total calculated
    $0
    Hours/week
    0.5

  • John Tegeler

    Trustee

    Total calculated
    $0
    Hours/week
    0.5

  • Susan Lodge

    Trustee

    Total calculated
    $0
    Hours/week
    0.5

  • Sharon Stamm-Zeldis

    Trustee

    Total calculated
    $0
    Hours/week
    0.5

  • Sandy Lopiccolo

    Trustee

    Total calculated
    $0
    Hours/week
    0.5

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

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
15 May 2024
IRS schema version
2022v5.0
Source object
202441369349318139

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