Michael And Nancy Keller Familyfoundation
- Assets
- $19.1k
- Revenue
- $2.7k
- Investments
- $17.4k
- Employees
- 0
- Location
- Owatonna, MN
- Founding
- 11/2008
- Data as of
- 12/2023
- EIN
- 26-0429838
Organization Overview
Michael And Nancy Keller Familyfoundation is located in Owatonna, MN. The organization was established in 2008. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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. Michael And Nancy Keller Familyfoundation 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 And Nancy Keller Familyfoundation generated $2.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $10.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (18.1%) per year over the past 5 years. 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 |
|---|---|---|---|
Nancy Keller President | 0.5 | $0 | |
Michael Keller Treasurer | 0.5 | $0 | |
Daniel Keller Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $368 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $321 |
| Capital Gain Net Income | $321 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,689 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $1,779 |
| Contributions, gifts, grants paid | $8,550 |
| Total expenses and disbursements | $10,329 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,677 |
| Savings and temporary cash investments | $17 |
| 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 | $17,433 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $19,127 |
| 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 And Nancy Keller Familyfoundation has awarded $8,550 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
BEDS FOR KIDS PURPOSE: TO PROVIDE ASSISTANCE TO FURTHER PROGRAM MISSION | $50 |
JUNIOR ACHIEVEMENT OF THE UPPER MIDWEST INC PURPOSE: TO PROVIDE ASSISTANCE TO FURTHER PROGRAM MISSION | $1,500 |
BIG BROTHERS BIG SISTERS OF SOUTHERN MINNESOTA PURPOSE: TO PROVIDE ASSISTANCE TO FURTHER PROGRAM MISSION | $50 |
ST JUDE'S RESEARCH HOSPITAL PURPOSE: TO PROVIDE ASSISTANCE TO FURTHER PROGRAM MISSION | $200 |
WALLIN EDUCATION PARTNERS PURPOSE: TO PROVIDE ASSISTANCE TO FURTHER PROGRAM MISSION | $5,750 |
BREAST CANCER RESEARCH FOUNDATION PURPOSE: TO PROVIDE ASSISTANCE TO FURTHER PROGRAM MISSION | $50 |