Mylander Foundation-2001
- Assets
- $25.3m
- Revenue
- $1.1m
- Investments
- $23.7m
- Employees
- 0
- Location
- Sandusky, OH
- Founding
- 02/2001
- Data as of
- 12/2022
- EIN
- 34-1945747
Organization Overview
Mylander Foundation-2001 is located in Sandusky, OH. The organization was established in 2001. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Mylander Foundation-2001 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, Mylander Foundation-2001 generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (7.9%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Mylander Foundation-2001 has awarded 175 individual grants totaling $4,268,645. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee | 10 | $145,761 | |
Name Not Listed Distribuiton Committee Member | 1 | $0 | |
Dennis Murrary Jr Distribution Committee Member | 1 | $250 | |
Charles Pascoe Distribution Committee Advisor | 1 | $500 | |
Barbara Gravengaard Distribution Committee Member | 1 | $500 | |
Mark Bravo Distribution Committee Member | 1 | $250 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $177 |
| Interest on Savings | $25,747 |
| Dividends & Interest | $541,211 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $509,791 |
| Capital Gain Net Income | $509,791 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,595 |
| Total Revenue | $1,078,521 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $150,011 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $45,500 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,197 |
| Total operating and administrative expenses | $264,173 |
| Contributions, gifts, grants paid | $1,156,715 |
| Total expenses and disbursements | $1,420,888 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,539,854 |
| 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 | $36,524 |
| Total assets | $25,319,217 |
| 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, Mylander Foundation-2001 has awarded $1,156,715 in support to 58 organizations.
| Grant Recipient | Amount |
|---|---|
FIRELANDS REGIONAL MEDICAL CENTER PURPOSE: FUNDS FOR SUCH PURPOSESAS ITS GOVERNING BODYDETERMINES | $197,685 |
GRACE EPISCOPAL CHURCH PURPOSE: FUNDS FOR SUCH PURPOSESAS ITS GOVERNING BODY DETERMINES | $65,895 |
SANDUSKY BOARD OF EDUCATION PURPOSE: FUNDS FOR THE OPERATING EXPENSES OFTHE SANDUSKY ELEMENTARY SCHOOLS | $105,432 |
BOWLING GREEN STATE UNIVERSITY FOUNDATION INC PURPOSE: SCHOLARSHIPS FOR ERIE CTYRESIDENTS ATTENDING BGSU | $105,432 |
CITY OF SANDUSKY PURPOSE: PURCHASE TREES OR OTHER IMPROVEMENTS TO CITY PARKS AND OAKLAND CEMETERY | $105,432 |
FIRELANDS SYMPHONY ORCHESTRA PURPOSE: FUNDS FOR SUCH PURPOSESAS ITS GOVERNING BODYDETERMINES | $39,537 |