Public Charity

MRCC FOUNDATION INC

Based in WEST CALDWELL, NJ, MRCC FOUNDATION INC operates as a Public Charity. The organization reported $248K in revenue, $174K in expenses, $338K in total assets for fiscal year 2024. Imperigo tracks 21 reported grant relationships connected to this organization totaling approximately $580K.

EIN: 811563864 WEST CALDWELL, NJ Latest filing: 2024
Total Revenue$248K
Total Expenses$174K
Total Assets$338K
Grant Records21
Funding Total$580K
Filing Years2019–2024

Mission

THE CORPORATION IS FORMED TO (I) ESTABLISH AND ADMINISTER A FUND OF MONIES FROM WHICH TO AWARD SCHOLARSHIPS TO EMPLOYESS INCLUDING THEIR FAMILY MEMBERS AND SERVICE PROVIDERS OF 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 CORPORTATION QUALIFIED AS A PUBLIC CHARITY MAY DO.

Officers & Directors

BOARD MEMBER Bill Wachtel
BOARD MEMBER Blair Schachtel
BOARD MEMBER Dana Friedman
BOARD MEMBER Ellen Brener
BOARD MEMBER Ellie Lazarus
BOARD MEMBER Howard Jacobs

Officer compensation and complete director data available with membership.

Top Grant Purposes

UNRESTRICTED
$337,695 4 grants
Unrestricted
$67,352 2 grants
Social Services/Social Benefits
$50,900 1 grant
EDUCATION
$49,800 5 grants
For grant recipient's exempt purposes
$38,930 4 grants

Financial Trends

Year Revenue Expenses Assets
2024 $248K $174K $338K
2023 $238K $154K $264K
2022 $348K $399K $180K
2020 $182K $132K $161K
2019 $194K $135K $112K

Between 2019 and 2024, reported annual revenue grew from $194K to $248K (+28%), with total assets most recently reported at $338K.

Interactive year-over-year charts and full filing details available with membership.

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