Lester W Mittelstaedt Foundation
- Assets
- $359.0k
- Revenue
- $9.7k
- Investments
- $357.8k
- Employees
- 0
- Location
- Issaquah, WA
- Founding
- 01/1970
- Data as of
- 11/2023
- EIN
- 23-7001609
Organization Overview
Lester W Mittelstaedt Foundation is located in Issaquah, WA. The organization was established in 1970. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lester W Mittelstaedt 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 11/2023, Lester W Mittelstaedt Foundation generated $9.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $18.0k during the year ending 11/2023. While expenses have increased by 11.6% per year over the past 7 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen D Mittelstaedt President | 1 | $0 | |
Grant Mittelstaedt Secretary | 1 | $0 | |
Matthew Mittelstaedt Director | 1 | $0 | |
Blake Mittelstaedt Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $9,705 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $16 |
| Capital Gain Net Income | $16 |
| Net ST Capital Gain | $16 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $9,721 |
| 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 | $0 |
| Total operating and administrative expenses | $3,982 |
| Contributions, gifts, grants paid | $14,000 |
| Total expenses and disbursements | $17,982 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,217 |
| 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 | $359,032 |
| 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, Lester W Mittelstaedt Foundation has awarded $14,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
CARE NET PURPOSE: FINANCIAL SUPPORT | $2,500 |
NEW HORIZONS PURPOSE: FINANCIAL SUPPORT | $2,000 |
TELEIOS PURPOSE: FINANCIAL SUPPORT | $2,000 |
SAMARITANS PURSE PURPOSE: FINANCIAL SUPPORT | $3,000 |
VINE MAPLE PLACE PURPOSE: FINANCIAL SUPPORT | $2,500 |
IN TOUCH MINISTRIES PURPOSE: FINNACIAL SUPPORT | $2,000 |