M Lazy M Foundation
- Assets
- $1.4m
- Revenue
- $150.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Salt Lake City, UT
- Founding
- 08/2007
- Data as of
- 12/2023
- EIN
- 20-5513725
Organization Overview
M Lazy M Foundation is located in Salt Lake City, UT. The organization was established in 2007. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. M Lazy M 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, M Lazy M Foundation generated $150.1k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $124.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, M Lazy M Foundation has awarded 182 individual grants totaling $962,300. 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 |
|---|---|---|---|
Michael Ferro President | 1 | $0 | |
Muffy Mead Sec/treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,217 |
| Interest on Savings | $2,101 |
| Dividends & Interest | $16,651 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $127,120 |
| Capital Gain Net Income | $127,120 |
| Net ST Capital Gain | $4,085 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $150,089 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,151 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $19,267 |
| Contributions, gifts, grants paid | $105,100 |
| Total expenses and disbursements | $124,367 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,388,905 |
| 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 | $1,388,905 |
| 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, M Lazy M Foundation has awarded $105,100 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
UTAH MUSEUM OF NATURAL HISTORY PURPOSE: CHARITABLE | $11,000 |
WASATCH COMMUNITY GARDENS PURPOSE: CHARITABLE | $10,000 |
AUDREY RIGHTER PURPOSE: SCHOLARSHIP | $10,000 |
COMMUNITY FOUNDATION OF TETON VALLEY PURPOSE: CHARITABLE | $7,000 |
GIRLS ON THE RUN PURPOSE: CHARITABLE | $2,000 |
4TH STREET CLINIC PURPOSE: CHARITABLE | $5,000 |