MRCC FOUNDATION INC

EIN: 811563864 501(c)(3) Education

WEST CALDWELL, NJ

Total Revenue
$248,331
Total Expenses
$174,042
Total Assets
$338,358
Net Assets
$338,358
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
NJ
Principal Officer
JOHN FANBURG
Phone
9735758200
Tax Period
2024-01-01 to 2024-12-31

MRCC FOUNDATION INC, founded in 2016, is a small nonprofit in the Education sector that reported $248K in total revenue in fiscal year 2024. The organization ran a surplus of $74K, a strong 30% operating margin.

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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $242,795
Program Service Revenue $0
Investment Income $5,536
Other Revenue $0
TOTAL REVENUE $248,331

Expense Breakdown

Grants Paid $169,425
Salaries & Benefits $3,000
Fundraising Expenses $0
Program Expenses $174,042
Other Expenses $1,617
TOTAL EXPENSES $174,042

Year-over-Year Comparison

2024 2023 Change
Revenue $248,331 $237,947 +0.0%
Expenses $174,042 $154,258 +0.1%
Net Income $74,289 $83,689 -0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
14
Independent Members
14
Employees
N/A
Volunteers
14

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN FANBURG PRESIDENT 3.00
Officer Director
$0 $0 $0
JEREMY HALPERN TREASURER 3.00
Officer Director
$0 $0 $0
JAMES MESSINA SECRETARY 3.00
Officer Director
$0 $0 $0
JON MANN BOARD MEMBER 3.00
Director
$0 $0 $0
ELLEN BRENER BOARD MEMBER 3.00
Director
$0 $0 $0
JON MASLIN BOARD MEMBER 3.00
Director
$0 $0 $0
ROB FRANCIS BOARD MEMBER 3.00
Director
$0 $0 $0
DANA FRIEDMAN BOARD MEMBER 3.00
Director
$0 $0 $0
HOWARD JACOBS BOARD MEMBER 3.00
Director
$0 $0 $0
ELLIE LAZARUS BOARD MEMBER 3.00
Director
$0 $0 $0
BLAIR SCHACHTEL BOARD MEMBER 3.00
Director
$0 $0 $0
BILL WACHTEL BOARD MEMBER 3.00
Director
$0 $0 $0
NED STEINER BOARD MEMBER 3.00
Director
$0 $0 $0
STEPHEN WEINSTEIN BOARD MEMBER 3.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $248,331 $174,042 $338,358 $74,289
2023 $237,947 $154,258 $264,069 $83,689
2022 $348,039 $399,298 $180,380 $-51,259
2021 $221,252 $150,883 $231,639 $70,369
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