Monaco Air Foundation Inc
- Assets
- $54.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Duluth, MN
- Founding
- 06/2008
- Data as of
- 12/2022
- EIN
- 26-1211672
Organization Overview
Monaco Air Foundation Inc is located in Duluth, MN. The organization was established in 2008. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Monaco Air Foundation Inc 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 12/2022, Monaco Air Foundation Inc generated $186.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (62.5%) each year. All expenses for the organization totaled $974.0 during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (54.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
NO SERVICES WERE PROVIDED IN 2022 DUE TO THE COVID-19 PANDEMIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dave Gaddie Director | 0.25 | $0 | |
Don Monaco President And Director | 0.25 | $0 | |
Greg Fox Director | 0.25 | $0 | |
Mike Magni Vice-President, Secretary-Treasurer, And Director | 0.25 | $0 | |
Bill King Director | 0.25 | $0 | |
Pat Mullen Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $186 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $186 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $974 |
| Total expenses | $974 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $54,676 |
| Other assets | $0 |
| Total assets | $54,676 |
| Total liabilities | $0 |
| Net assets or fund balances | $54,676 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Monaco Air Foundation Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Usg Foundation Inc Chicago, IL PURPOSE: COMMUNITY SUPPORT | $1,000 |
Peer Organizations
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|---|---|---|
Lucy Burns Institute Inc Middleton, WI | $4,314,081 | $6,584,157 |
Coalition Of Greater Minnesota Cities Moorhead, MN | $718,799 | $1,339,638 |
Family Promise Of Ozaukee County Inc Port Washington, WI | $1,137,941 | $1,281,709 |
Maccanon Brown Homeless Sanctuary Inc Milwaukee, WI | $1,667,381 | $1,143,258 |
Sead Project Minneapolis, MN | $374,334 | $668,371 |
Samaritans Hand Inc Sheboygan, WI | $618,340 | $423,589 |
Ox Building Corporation West Des Moines, IA | $1,894,401 | $302,333 |
Arena Fire Board Arena, WI | $72,453 | $283,344 |
Options For Women Mankato Mankato, MN | $615,927 | $396,763 |
Main Line Cycle Center St Paul, MN | $282,828 | $226,065 |
Kamm Family Charitable Tr Bayside, WI | $0 | $85,147 |
Celebrate Me Week Mapleton, MN | $126,420 | $262,487 |