Michael R Stedman Foundation
- Assets
- $19.9k
- Revenue
- $57.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Blaine, MN
- Founding
- 09/2007
- Data as of
- 12/2023
- EIN
- 20-5044565
Organization Overview
Michael R Stedman Foundation is located in Blaine, MN. The organization was established in 2007. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Michael R Stedman 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, Michael R Stedman Foundation generated $57.0k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 24.3% each year . All expenses for the organization totaled $38.4k during the year ending 12/2023. While expenses have increased by 11.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Michael R Stedman Foundation has awarded 66 individual grants totaling $218,000. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $57,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $57,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $107 |
| Total operating and administrative expenses | $357 |
| Contributions, gifts, grants paid | $38,000 |
| Total expenses and disbursements | $38,357 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,923 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $19,923 |
| 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, Michael R Stedman Foundation has awarded $38,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
ACHIEVE SERVICES PURPOSE: ACHIEVEMENTSERVICES | $20,000 |
BENET HILL MONASTERY PURPOSE: RELIGIOUS STUDY | $5,000 |
COMO PARK CONSERVATORY PURPOSE: PARK & ZOOUPKEEP | $1,500 |
CONFIDENCE LEARNING CENTER PURPOSE: BEHAVORIAL STUDY | $5,000 |
ALS FUNDRAISER PURPOSE: ALS | $500 |
VITREO RETINAL SURGERY FOUNDATION PURPOSE: SCHOOL | $5,000 |