Mutual Federal Savings Bank Charitable Foundation Inc
- Assets
- $0.0
- Revenue
- $387.0k
- Investments
- $7.1m
- Employees
- 0
- Location
- Muncie, IN
- Founding
- 02/1999
- Data as of
- 06/2021
- EIN
- 35-2064221
Organization Overview
Mutual Federal Savings Bank Charitable Foundation Inc is located in Muncie, IN. The organization was established in 1999. 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. Mutual Federal Savings Bank Charitable 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 06/2021, Mutual Federal Savings Bank Charitable Foundation Inc generated $387.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $378.6k during the year ending 06/2021. While expenses have increased by 5.8% 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 2015, Mutual Federal Savings Bank Charitable Foundation Inc has awarded 354 individual grants totaling $3,868,750. 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 |
|---|---|---|---|
Sara Shade Hamilton Director | 1 | $750 | |
Melissa Greer Secretary | 1 | $0 | |
R Donn Roberts Chairman | 1 | $0 | |
Linn Crull Director | 1 | $0 | |
Dave Heeter President | 1 | $0 | |
Dr Sam Abram Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $89 |
| Dividends & Interest | $386,905 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $386,994 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $750 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $17,624 |
| Contributions, gifts, grants paid | $361,000 |
| Total expenses and disbursements | $378,624 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,923 |
| Investments—mortgage loans | $0 |
| Investments—other | $647 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Mutual Federal Savings Bank Charitable Foundation Inc has awarded $407,000 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
Muncie, IN PURPOSE: FURTHER EXEMPT PURPOSE OF RECIPIENT | $80,000 |
MUNCIE HABITAT FOR HUMANITY PURPOSE: FURTHER EXEMPT PURPOSE OF RECIPIENT | $51,000 |
UWAY- DELAWARE PURPOSE: FURTHER EXEMPT PURPOSE OF RECIPIENT | $41,000 |
Indianapolis, IN PURPOSE: FURTHER EXEMPT PURPOSE OF RECIPIENT | $30,000 |
VISION PURPOSE: FURTHER EXEMPT PURPOSE OF RECIPIENT | $30,000 |
Muncie, IN PURPOSE: FURTHER EXPEMPT PURPOSE OF RECIPIENT | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lumina Foundation For Education Inc Indianapolis, IN | $0 | $124,727,424 |
Fulk Family Foundation Inc Chicago, IL | $111,507,856 | $5,187,231 |
The Robert D And Patricia E Kern Family Foundation Inc Waukesha, WI | $717,991,169 | $43,480,423 |
Grainger Foundation Inc Lake Forest, IL | $184,158,239 | $17,016,007 |
Crawford Taylor Foundation St Louis, MO | $738,101,888 | $69,635,068 |
Zell Family Foundation Chicago, IL | $0 | $76,843,080 |
Enterprise Holdings Foundation Saint Louis, MO | $398,583,830 | $68,157,541 |
Abbvie Foundation North Chicago, IL | $72,211,109 | $4,010,058 |
Hall Family Foundation Kansas City, MO | $1,171,646,854 | $87,869,006 |
Caterpillar Foundation Peoria, IL | $93,606,659 | $54,411,827 |
Circle Of Service Foundation Chicago, IL | $697,372,085 | $55,153,209 |
Allstate Foundation Northbrook, IL | $112,475,932 | $31,277,614 |