Civic Intelligence

Mrcc Foundation Inc.

990EZ • Fiscal year 2019 • EIN 81-1563864

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 11, 2020

713 Passaic AvenueWest Caldwell, NJ 07006

(973) 575-8200

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

80th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • NTEE B82 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

79th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • NTEE B82 • <$500k nonprofits • Source year 2019

Net Margin

70th percentile

30%

Higher net margin than 70% of similar nonprofits.

2019 filings • NTEE B82 • <$500k nonprofits • Source year 2019

Top Officer Pay

93rd percentile

$0

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • NTEE B82 • <$500k nonprofits • Source year 2019

Asset Growth

99th percentile

1726%

Faster asset growth than 99% of similar nonprofits.

2019 filings • NTEE B82 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

73rd percentile

28%

Faster revenue growth than 73% of similar nonprofits.

2019 filings • NTEE B82 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Up

$111,783

Up $105,661 (+1726%) from 2018

Net Assets

Up

$111,783

Up $105,661 (+1726%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue

Up

$194,236

Up $42,666 (+28%) from 2018

Expenses

Up

$135,040

Up $5,315 (+4.1%) from 2018

Net Income

Up

$59,196

Up $37,351 (+171%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400K$300K$200K$100K$0Assets 2016: $39,832Liabilities 2016: $02016Assets 2017: $34,277Liabilities 2017: $02017Assets 2018: $6,122Liabilities 2018: $0Net Assets 2018: $6,1222018Assets 2019: $111,783Liabilities 2019: $0Net Assets 2019: $111,7832019Assets 2020: $161,270Liabilities 2020: $0Net Assets 2020: $161,2702020Assets 2021: $231,639Liabilities 2021: $0Net Assets 2021: $231,6392021Assets 2022: $180,380Liabilities 2022: $0Net Assets 2022: $180,3802022Assets 2023: $264,069Liabilities 2023: $0Net Assets 2023: $264,0692023Assets 2024: $338,358Liabilities 2024: $0Net Assets 2024: $338,3582024

Highlighted filing

2019

Assets$111,783
Liabilities$0
Net Assets$111,783

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$200K$0-$200KRevenue 2016: $117,145Expenses 2016: $77,313Net Income 2016: $39,8322016Revenue 2017: $127,541Expenses 2017: $133,096Net Income 2017: -$5,5552017Revenue 2018: $151,570Expenses 2018: $129,725Net Income 2018: $21,8452018Revenue 2019: $194,236Expenses 2019: $135,040Net Income 2019: $59,1962019Revenue 2020: $181,537Expenses 2020: $132,050Net Income 2020: $49,4872020Revenue 2021: $221,252Expenses 2021: $150,883Net Income 2021: $70,3692021Revenue 2022: $348,039Expenses 2022: $399,298Net Income 2022: -$51,2592022Revenue 2023: $237,947Expenses 2023: $154,258Net Income 2023: $83,6892023Revenue 2024: $248,331Expenses 2024: $174,042Net Income 2024: $74,2892024

Highlighted filing

2019

Revenue$194,236
Expenses$135,040
Net Income$59,196
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 11, 2020
Return Version
2019v5.1
Gross Receipts
$194,236
Mission and Program Overview

Mission

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.

Program Services

DescriptionGrantsExpenses
TO PROVIDE SCHOLARSHIPS FOR ELIGIBLE APPLICANTS$131,500$131,500
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
BLAIR SCHACHTELTrustee-$0--
DANA FRIEDMANTrustee-$0--
ELEANOR LAZARUSTrustee-$0--
ELLEN BRENERTrustee-$0--
JOHN FANBURGPresident-$0--
LOIS SHERWINTrustee-$0--
NED STEINERTrustee-$0--
PENINA BARRTrustee-$0--
ROB FRANCISTrustee-$0--
THOMAS BASSTrustee-$0--
HOWARD JACOBSTrustee-$0--
JAMES MESSINASecretary-$0--
Filing and Contact Details

Filer

Filer Name
Mrcc Foundation Inc
EIN
81-1563864
Phone
9735758200
Address
713 PASSAIC AVENUE, WEST CALDWELL, NJ 07006

Signing Officer

Name
Howard Jacobs
Title
President
Phone
9735758200
Signed
2020-11-11
Discuss with paid preparer
Yes

Preparer

Firm
CONDON O'MEARA MCGINTY & DONNELLY LLP
Address
ONE BATTERY PARK PLAZA, NEW YORK, NY 10004
Preparer
James J Reilly
Phone
2126617777
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 4 - Other Investment Income

Description: . Amount: 892.

Form 990-ez, Part I, Line 10 - Payments to Affiliates

Affiliate name: scholarships under $5,000. Affiliate address: 713 passaic avenue west caldwell, nj 07006. Purpose of payment: scholarships. Amount of payment: 53,500.

Form 990-ez, Part I, Line 10 - Payments to Affiliates

Affiliate name: rutgers newark university. Affiliate address: 249 university ave newark, nj 07102. Purpose of payment: scholarships. Amount of payment: 6,500.

Form 990-ez, Part I, Line 10 - Payments to Affiliates

Affiliate name: quinnipiac university. Affiliate address: 275 mount carmel avenue hamden, ct 06518. Purpose of payment: scholarships. Amount of payment: 8,000.

Form 990-ez, Part I, Line 10 - Payments to Affiliates

Affiliate name: njsga caddie scholarship. Affiliate address: 3 golf drive suite 206 kenilworth, nj 07033. Purpose of payment: scholarships. Amount of payment: 15,000.

Form 990-ez, Part I, Line 10 - Payments to Affiliates

Affiliate name: seton hall university. Affiliate address: 400 south orange ave. South orang, nj 07079. Purpose of payment: scholarships. Amount of payment: 5,500.

Form 990-ez, Part I, Line 10 - Payments to Affiliates

Affiliate name: felician university. Affiliate address: 262 south main street lodi, nj 07644. Purpose of payment: scholarships. Amount of payment: 6,000.

Form 990-ez, Part I, Line 10 - Payments to Affiliates

Affiliate name: laboratory institute of merchandising. Affiliate address: 12 e. 53rd street new york, ny 10022. Purpose of payment: scholarships. Amount of payment: 5,000.

Form 990-ez, Part I, Line 10 - Payments to Affiliates

Affiliate name: rutgers, the state university of nj. Affiliate address: p.o. Box 2021 new brunswick, nj 08903-2021. Purpose of payment: scholarships. Amount of payment: 6,500.

Form 990-ez, Part I, Line 10 - Payments to Affiliates

Affiliate name: william paterson university. Affiliate address: 300 pompton road wayne, nj 07470. Purpose of payment: scholarships. Amount of payment: 7,500.

Form 990-ez, Part I, Line 10 - Payments to Affiliates

Affiliate name: montclair state university. Affiliate address: 1 normal ave montclair, nj 07043. Purpose of payment: scholarships. Amount of payment: 6,500.

Form 990-ez, Part I, Line 10 - Payments to Affiliates

Affiliate name: kean university. Affiliate address: 1000 morris ave. Union, nj 07083. Purpose of payment: scholarships. Amount of payment: 5,500.

Form 990-ez, Part I, Line 10 - Payments to Affiliates

Affiliate name: washington & jefferson college. Affiliate address: 60 s. Lincoln street washington, pa 15301. Purpose of payment: scholarships. Amount of payment: 6,000. Total included on form 990-ez, line 10: 131,500.

Form 990-ez, Part I, Line 16 - Other Expenses

Description: dues & fees. Amount: 1,200.

Form 990-ez, Part I, Line 20 - Other Changes in Net Assets

Description: transfer of funds from cd. Amount: 50,000. Description: prior period adjustment. Amount: -3,535. Total to form 990-ez, line 20: 46,465.

Raw XML Appendix225 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0BLAIR SCHACHTEL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1DANA FRIEDMAN
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3ELLEN BRENER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4JOHN FANBURG
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm10HOWARD JACOBS
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0TRUSTEE
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4PRESIDENT
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IRS990EZ/PrimaryExemptPurposeTxt0THE 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.
IRS990EZ/PrintingPublicationsPostageAmt0615
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: . AMOUNT: 892.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AFFILIATE NAME: SCHOLARSHIPS UNDER $5,000. AFFILIATE ADDRESS: 713 PASSAIC AVENUE WEST CALDWELL, NJ 07006. PURPOSE OF PAYMENT: SCHOLARSHIPS. AMOUNT OF PAYMENT: 53,500.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AFFILIATE NAME: RUTGERS NEWARK UNIVERSITY. AFFILIATE ADDRESS: 249 UNIVERSITY AVE NEWARK, NJ 07102. PURPOSE OF PAYMENT: SCHOLARSHIPS. AMOUNT OF PAYMENT: 6,500.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AFFILIATE NAME: QUINNIPIAC UNIVERSITY. AFFILIATE ADDRESS: 275 MOUNT CARMEL AVENUE HAMDEN, CT 06518. PURPOSE OF PAYMENT: SCHOLARSHIPS. AMOUNT OF PAYMENT: 8,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AFFILIATE NAME: NJSGA CADDIE SCHOLARSHIP. AFFILIATE ADDRESS: 3 GOLF DRIVE SUITE 206 KENILWORTH, NJ 07033. PURPOSE OF PAYMENT: SCHOLARSHIPS. AMOUNT OF PAYMENT: 15,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5AFFILIATE NAME: SETON HALL UNIVERSITY. AFFILIATE ADDRESS: 400 SOUTH ORANGE AVE. SOUTH ORANG, NJ 07079. PURPOSE OF PAYMENT: SCHOLARSHIPS. AMOUNT OF PAYMENT: 5,500.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6AFFILIATE NAME: FELICIAN UNIVERSITY. AFFILIATE ADDRESS: 262 SOUTH MAIN STREET LODI, NJ 07644. PURPOSE OF PAYMENT: SCHOLARSHIPS. AMOUNT OF PAYMENT: 6,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7AFFILIATE NAME: LABORATORY INSTITUTE OF MERCHANDISING. AFFILIATE ADDRESS: 12 E. 53RD STREET NEW YORK, NY 10022. PURPOSE OF PAYMENT: SCHOLARSHIPS. AMOUNT OF PAYMENT: 5,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8AFFILIATE NAME: RUTGERS, THE STATE UNIVERSITY OF NJ. AFFILIATE ADDRESS: P.O. BOX 2021 NEW BRUNSWICK, NJ 08903-2021. PURPOSE OF PAYMENT: SCHOLARSHIPS. AMOUNT OF PAYMENT: 6,500.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9AFFILIATE NAME: WILLIAM PATERSON UNIVERSITY. AFFILIATE ADDRESS: 300 POMPTON ROAD WAYNE, NJ 07470. PURPOSE OF PAYMENT: SCHOLARSHIPS. AMOUNT OF PAYMENT: 7,500.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10AFFILIATE NAME: MONTCLAIR STATE UNIVERSITY. AFFILIATE ADDRESS: 1 NORMAL AVE MONTCLAIR, NJ 07043. PURPOSE OF PAYMENT: SCHOLARSHIPS. AMOUNT OF PAYMENT: 6,500.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11AFFILIATE NAME: KEAN UNIVERSITY. AFFILIATE ADDRESS: 1000 MORRIS AVE. UNION, NJ 07083. PURPOSE OF PAYMENT: SCHOLARSHIPS. AMOUNT OF PAYMENT: 5,500.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12AFFILIATE NAME: WASHINGTON & JEFFERSON COLLEGE. AFFILIATE ADDRESS: 60 S. LINCOLN STREET WASHINGTON, PA 15301. PURPOSE OF PAYMENT: SCHOLARSHIPS. AMOUNT OF PAYMENT: 6,000. TOTAL INCLUDED ON FORM 990-EZ, LINE 10: 131,500.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13DESCRIPTION: DUES & FEES. AMOUNT: 1,200.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14DESCRIPTION: TRANSFER OF FUNDS FROM CD. AMOUNT: 50,000. DESCRIPTION: PRIOR PERIOD ADJUSTMENT. AMOUNT: -3,535. TOTAL TO FORM 990-EZ, LINE 20: 46,465.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 10 - PAYMENTS TO AFFILIATES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART I, LINE 10 - PAYMENTS TO AFFILIATES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART I, LINE 10 - PAYMENTS TO AFFILIATES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART I, LINE 10 - PAYMENTS TO AFFILIATES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART I, LINE 10 - PAYMENTS TO AFFILIATES
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990-EZ, PART I, LINE 10 - PAYMENTS TO AFFILIATES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990-EZ, PART I, LINE 10 - PAYMENTS TO AFFILIATES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990-EZ, PART I, LINE 10 - PAYMENTS TO AFFILIATES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10FORM 990-EZ, PART I, LINE 10 - PAYMENTS TO AFFILIATES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11FORM 990-EZ, PART I, LINE 10 - PAYMENTS TO AFFILIATES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12FORM 990-EZ, PART I, LINE 10 - PAYMENTS TO AFFILIATES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14FORM 990-EZ, PART I, LINE 20 - OTHER CHANGES IN NET ASSETS
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0HOWARD JACOBS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09735758200
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MRCC FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0MRCC
ReturnHeader/Filer/EIN0811563864
ReturnHeader/Filer/PhoneNum09735758200
ReturnHeader/Filer/USAddress/AddressLine1Txt0713 PASSAIC AVENUE
ReturnHeader/Filer/USAddress/CityNm0WEST CALDWELL
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
ReturnHeader/Filer/USAddress/ZIPCd007006
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId06E7FF41942A7D409D7C8B9B6D6B155D83F18E4E4
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt024.188.32.91
ReturnHeader/FilingSecurityInformation/IPDt02020-11-11
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm013:08:11
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0133628255
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CONDON O'MEARA MCGINTY & DONNELLY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0ONE BATTERY PARK PLAZA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010004
ReturnHeader/PreparerPersonGrp/PhoneNum02126617777
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JAMES J REILLY
ReturnHeader/ReturnTs02020-11-12T17:38:00-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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