Civic Intelligence

Mrcc Foundation Inc.

990EZ • Fiscal year 2020 • EIN 81-1563864

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 15, 2021

Organization ProfileN/A
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

76th percentile

0.00x

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

2020 filings • NTEE B82 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

76th percentile

0.00x

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

2020 filings • NTEE B82 • <$500k nonprofits • Source year 2020

Net Margin

69th percentile

27%

Higher net margin than 69% of similar nonprofits.

2020 filings • NTEE B82 • <$500k nonprofits • Source year 2020

Top Officer Pay

94th percentile

$0

Higher top officer pay than 94% of similar nonprofits.

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

2020 filings • NTEE B82 • <$500k nonprofits • Source year 2020

Asset Growth

87th percentile

44%

Faster asset growth than 87% of similar nonprofits.

2020 filings • NTEE B82 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

64th percentile

-6.5%

Faster revenue growth than 64% of similar nonprofits.

2020 filings • NTEE B82 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets76th percentile

Assets

Up

$161,270

Up $49,487 (+44%) from 2019

Net Assets

Up

$161,270

Up $49,487 (+44%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue And Expenses
Liabilities / Revenue76th percentileNet Margin69th percentile

Revenue

Down

$181,537

Down $12,699 (-6.5%) from 2019

Expenses

Down

$132,050

Down $2,990 (-2.2%) from 2019

Net Income

Down

$49,487

Down $9,709 (-16%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth87th percentile

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

2020

Assets$161,270
Liabilities$0
Net Assets$161,270
Open 2020 Filing

Operations Trend

Revenue Growth64th percentile

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

2020

Revenue$181,537
Expenses$132,050
Net Income$49,487
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.1
Gross Receipts
$181,537
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$129,300$129,300
Compensation and Service Providers
Top Officer Pay94th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
JOHN FANBURGPresident-$0--
JEREMY HALPERNTresurer-$0--
JAMES MESSINASecretary-$0--
PENINA BARRTrustee-$0--
THOMAS BASSTrustee-$0--
ELLEN BRENERTrustee-$0--
ROB FRANCISTrustee-$0--
DANA FRIEDMANTrustee-$0--
HOWARD JACOBSTrustee-$0--
ELEANOR LAZARUSTrustee-$0--
BLAIR SCHACHTELTrustee-$0--
LOIS SHERWINTrustee-$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
2021-11-15
Discuss with paid preparer
Yes

Preparer

Firm
CONDON O'MEARA MCGINTY & DONNELLY LLP
Address
ONE BATTERY PARK PLAZA 7TH FL, 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: interest income. Amount: 1,224.”

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: 7,500.”

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: 8,000.”

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: 6,300.”

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: 7,500.”

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: 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: 9,000.”

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: grants under $5,000 . Amount of payment: 69,500. Total included on form 990-ez, line 10: 129,300.”

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

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

Raw XML Appendix216 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/PersonNm0JOHN FANBURG
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2JAMES MESSINA
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm8HOWARD JACOBS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm9ELEANOR LAZARUS
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm11LOIS SHERWIN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1TRESURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2SECRETARY
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4TRUSTEE
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7TRUSTEE
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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/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0TO PROVIDE SCHOLARSHIPS FOR ELIGIBLE APPLICANTS
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INTEREST INCOME. AMOUNT: 1,224.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AFFILIATE NAME: FELICIAN UNIVERSITY. AFFILIATE ADDRESS: 262 SOUTH MAIN STREET LODI, NJ 07644. PURPOSE OF PAYMENT: SCHOLARSHIPS. AMOUNT OF PAYMENT: 7,500.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AFFILIATE NAME: WILLIAM PATERSON UNIVERSITY. AFFILIATE ADDRESS: 300 POMPTON ROAD WAYNE, NJ 07470. PURPOSE OF PAYMENT: SCHOLARSHIPS. AMOUNT OF PAYMENT: 8,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AFFILIATE NAME: KEAN UNIVERSITY. AFFILIATE ADDRESS: 1000 MORRIS AVE. UNION, NJ 07083. PURPOSE OF PAYMENT: SCHOLARSHIPS. AMOUNT OF PAYMENT: 6,300.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AFFILIATE NAME: RUTGERS NEWARK UNIVERSITY. AFFILIATE ADDRESS: 249 UNIVERSITY AVE. NEWARK, NJ 07102. PURPOSE OF PAYMENT: SCHOLARSHIPS. AMOUNT OF PAYMENT: 7,500.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5AFFILIATE NAME: LABORATORY INSTITUTE OF MERCHANDISING. AFFILIATE ADDRESS: 12 E. 53RD STREET NEW YORK, NY 10022. PURPOSE OF PAYMENT: SCHOLARSHIPS. AMOUNT OF PAYMENT: 6,500.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6AFFILIATE NAME: QUINNIPIAC UNIVERSITY. AFFILIATE ADDRESS: 275 MOUNT CARMEL AVENUE HAMDEN, CT 06518. PURPOSE OF PAYMENT: SCHOLARSHIPS. AMOUNT OF PAYMENT: 9,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7AFFILIATE 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/ExplanationTxt8AFFILIATE NAME: GRANTS UNDER $5,000 . AMOUNT OF PAYMENT: 69,500. TOTAL INCLUDED ON FORM 990-EZ, LINE 10: 129,300.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9DESCRIPTION: DUES & FEES. AMOUNT: 1,200.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990-EZ, PART I, LINE 10 - PAYMENTS TO AFFILIATES
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 16 - OTHER EXPENSES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0HOWARD JACOBS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09735758200
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MRCC FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0MRCC
ReturnHeader/Filer/EIN0811563864
ReturnHeader/Filer/PhoneNum09735758200
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0133628255
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CONDON O'MEARA MCGINTY & DONNELLY LLP
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ReturnHeader/PreparerPersonGrp/PhoneNum02126617777
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JAMES J REILLY
ReturnHeader/ReturnTs02021-12-16T20:59:26-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0HOWARD
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0JACOBS
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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Filings

Displayed year

2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$161,270
Liabilities
$0
Net assets
$161,270
Revenue
$181,537
Expenses
$132,050
Net income
$49,487
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.38$0.00$3.38$2.48$1.74$0.74
2023Detailed filing. Detailed filing data is available for this year.$2.64$0.00$2.64$2.38$1.54$0.84
2022Detailed filing. Detailed filing data is available for this year.$1.80$0.00$1.80$3.48$3.99$0.51
2021Detailed filing. Detailed filing data is available for this year.$2.32$0.00$2.32$2.21$1.51$0.70
2020Detailed filing. Detailed filing data is available for this year.$1.61$0.00$1.61$1.82$1.32$0.49
2019Detailed filing. Detailed filing data is available for this year.$1.12$0.00$1.12$1.94$1.35$0.59
2018Detailed filing. Detailed filing data is available for this year.$0.06$0.00$0.06$1.52$1.30$0.22
2017Summary only. Only limited summary data is available for this year.$0.34$0.00$1.28$1.33$0.06
2016Summary only. Only limited summary data is available for this year.$0.40$0.00$1.17$0.77$0.40