Munsell Family Foundation
- Assets
- $441.8k
- Revenue
- $137.7k
- Investments
- $390.8k
- Employees
- 0
- Location
- Ellsworth, ME
- Founding
- 12/2000
- Data as of
- 12/2023
- EIN
- 03-0368072
Organization Overview
Munsell Family Foundation is located in Ellsworth, ME. The organization was established in 2000. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Munsell Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Munsell Family Foundation generated $137.7k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 23.0% each year . All expenses for the organization totaled $21.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Munsell Family Foundation has awarded 170 individual grants totaling $145,238. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark L Munsell Officer | 0 | $0 | |
Georgia M Munsell Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $90,428 |
| Interest on Savings | $592 |
| Dividends & Interest | $6,874 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $39,845 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $137,739 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $62 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $66 |
| Total operating and administrative expenses | $533 |
| Contributions, gifts, grants paid | $20,700 |
| Total expenses and disbursements | $21,233 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,963 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $390,822 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $441,785 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Munsell Family Foundation has awarded $20,700 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
ACADIA REPERTORY THEATRE PURPOSE: CHARITABLE PURPOSE | $250 |
ACLU PURPOSE: FOR CHARITABLE PURPOSES | $2,000 |
BUILD A MIRACLE PURPOSE: CHARITABLE PURPOSES | $1,000 |
FRENCHMAN BAY CONSERVANCY PURPOSE: FOR CHARITABLE PURPOSES | $10,000 |
CHI OMEGA FOUNDATION PURPOSE: FOR CHARITABLE PURPOSES | $1,000 |
FRIENDS OF FOOD RUNNERS PURPOSE: FOR CHARITABLE PURPOSES | $100 |