Clement O Miniger Memorial Foundation
- Assets
- $9.8m
- Revenue
- $999.8k
- Investments
- $9.4m
- Employees
- 0
- Location
- Toledo, OH
- Founding
- 03/1954
- Data as of
- 12/2022
- EIN
- 34-6523024
Organization Overview
Clement O Miniger Memorial Foundation is located in Toledo, OH. The organization was established in 1954. 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. Clement O Miniger Memorial 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, Clement O Miniger Memorial Foundation generated $999.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.3% each year . All expenses for the organization totaled $1.1m during the year ending 12/2022. While expenses have increased by 5.4% per year over the past 7 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 2016, Clement O Miniger Memorial Foundation has awarded 208 individual grants totaling $5,348,300. 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
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William F Buckley Trustee | 0.2 | $0 | |
John H Burson Secretary | 0.2 | $0 | |
Steve Staelin Trustee | 0.2 | $0 | |
Marna Ramnath Trustee | 0.2 | $0 | |
Justice Johnson Trustee | 0.2 | $0 | |
Sara Bowen Pres/treas/t | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $433,614 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $566,181 |
| Capital Gain Net Income | $566,181 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $999,795 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $18,436 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $172 |
| Total operating and administrative expenses | $88,572 |
| Contributions, gifts, grants paid | $976,800 |
| Total expenses and disbursements | $1,065,372 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,297 |
| Savings and temporary cash investments | $331,061 |
| 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 | $5,707 |
| Total assets | $9,792,242 |
| Accounts payable and accrued expenses | $13,826 |
| 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 | $13,826 |
Grants Awarded
Over the last fiscal year, Clement O Miniger Memorial Foundation has awarded $976,800 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
ADVOCATES FOR BASIC LEGAL EQUALITY PURPOSE: GENERAL | $60,000 |
ADVOCATING OPPORTUNITY PURPOSE: GENERAL | $10,000 |
BOWLING GREEN STATE UNIVERSITY PURPOSE: GENERAL | $5,000 |
BOY SCOUTS OF AMERICA PURPOSE: GENERAL | $15,000 |
BOYS GIRLS CLUBS OF TOL PURPOSE: GENERAL | $85,000 |
CONNECTING KIDS TO MEALS PURPOSE: GENERAL | $30,000 |