Mithun Family Foundation
- Assets
- $45.6m
- Revenue
- $2.6m
- Investments
- $44.2m
- Employees
- 0
- Location
- Wayzata, MN
- Founding
- 03/1987
- Data as of
- 12/2022
- EIN
- 36-3495071
Organization Overview
Mithun Family Foundation is located in Wayzata, MN. The organization was established in 1987. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mithun 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, Mithun Family Foundation generated $2.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (5.0%) each year. All expenses for the organization totaled $4.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Mithun Family Foundation has awarded 389 individual grants totaling $14,739,549. 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 |
|---|---|---|---|
Lewis M Mithun Director | 1 | $0 | |
John C Mithun Director | 1 | $0 | |
Raymond O Mithun Jr Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $70,223 |
| Dividends & Interest | $925,079 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,525,615 |
| Capital Gain Net Income | $1,525,615 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $45,215 |
| Total Revenue | $2,566,132 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $158,187 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $776,957 |
| Contributions, gifts, grants paid | $3,297,333 |
| Total expenses and disbursements | $4,074,290 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,363,816 |
| 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 | $3,539,934 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $45,559,719 |
| 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, Mithun Family Foundation has awarded $3,297,333 in support to 83 organizations.
| Grant Recipient | Amount |
|---|---|
BLAKE SCHOOL PURPOSE: GENERAL FUND | $25,000 |
ANCHOR HOUSE PURPOSE: GENERAL FUND | $10,100 |
BOCA MUSEUM OF ART PURPOSE: GENERAL FUND | $15,000 |
CAMP TIMBERLINE PURPOSE: GENERAL FUND | $25,000 |
BOCA GRANDE WOMEN'S CLUB PURPOSE: GENERAL FUND | $75,000 |
BOCA WEST CHILDREN'S FOUNDATION PURPOSE: GENERAL FUND | $15,000 |