M L E Foundation Inc
- Assets
- $5.4m
- Revenue
- $440.0k
- Investments
- $5.3m
- Employees
- 0
- Location
- New Canaan, CT
- Founding
- 05/2010
- Data as of
- 12/2023
- EIN
- 30-0517812
Organization Overview
M L E Foundation Inc is located in New Canaan, CT. The organization was established in 2010. 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. M L E 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 12/2023, M L E Foundation Inc generated $440.0k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $1.7m during the year ending 12/2023. While expenses have increased by 12.4% per year over the past 9 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.
Since 2015, M L E Foundation Inc has awarded 514 individual grants totaling $6,857,212. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emily B Nissley Director | 1 | $0 | |
Thomas W Nissley Director | 1 | $0 | |
Marie Creaturo Director | 1 | $6,847 | |
Isabel Mckay Director | 1 | $0 | |
Robert B Mckay Director | 1 | $0 | |
Ruth Mckay Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,383 |
| Dividends & Interest | $284,356 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $151,256 |
| Capital Gain Net Income | $151,256 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $439,995 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $6,847 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $5,473 |
| Interest | $0 |
| Taxes | $3,488 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $695 |
| Total operating and administrative expenses | $46,157 |
| Contributions, gifts, grants paid | $1,618,750 |
| Total expenses and disbursements | $1,664,907 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $106,829 |
| 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 | $4,100,896 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,376 |
| Total assets | $5,386,951 |
| 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 L E Foundation Inc has awarded $1,618,750 in support to 98 organizations.
| Grant Recipient | Amount |
|---|---|
ABC HOUSE OF NEW CANAAN PURPOSE: GENERAL PURPOSE | $5,000 |
ACT OF CONNECTICUT PURPOSE: GENERAL PURPOSE | $5,000 |
AMERICAN BIRD CONSERVANCY PURPOSE: GENERAL PURPOSE | $35,000 |
AUDUBON CONNECTICUT PURPOSE: GENERAL PURPOSE | $55,000 |
ALEXANDER LOWEN FOUNDATION PURPOSE: GENERAL PURPOSE | $2,000 |
CARBONE CANCER CENTER PURPOSE: GENERAL PURPOSE | $8,000 |