Mahle Family Foundation
- Assets
- $2.1m
- Revenue
- $560.5k
- Investments
- $1.6m
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 09/2011
- Data as of
- 12/2022
- EIN
- 27-4219898
Organization Overview
Mahle Family Foundation is located in Minneapolis, MN. The organization was established in 2011. 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. Mahle Family 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 12/2022, Mahle Family Foundation generated $560.5k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 67.3% each year . All expenses for the organization totaled $326.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Mahle Family Foundation has awarded 23 individual grants totaling $883,000. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen H Mahle President | 1 | $0 | |
Katherine A Mahle Treasurer | 1 | $0 | |
Anne E Mahle Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $540,025 |
| Interest on Savings | $0 |
| Dividends & Interest | $39,060 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$18,538 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $560,547 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,282 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $17,699 |
| Total operating and administrative expenses | $36,669 |
| Contributions, gifts, grants paid | $290,000 |
| Total expenses and disbursements | $326,669 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $414,944 |
| 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 | $1,642,848 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,057,792 |
| 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, Mahle Family Foundation has awarded $290,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
ACHIEVE MINNEAPOLIS PURPOSE: EDUCATIONAL | $25,000 |
CENTER FOR VICTIMS OF TORTURE PURPOSE: GENERAL | $40,000 |
COLLEGE POSSIBLE PURPOSE: GENERAL | $25,000 |
FRIENDS OF THE HENNEPIN COUNTY LIBRARY PURPOSE: GENERAL | $25,000 |
SECOND HARVEST HEARTLAND PURPOSE: GENERAL | $15,000 |
IDEA PUBLIC SCHOOLS PURPOSE: EDUCATIONAL | $90,000 |