Mrb Foundation Inc
- Assets
- $20.7m
- Revenue
- $1.4m
- Investments
- $20.5m
- Employees
- 0
- Location
- Lake Geneva, WI
- Founding
- 03/1994
- Data as of
- 12/2022
- EIN
- 36-3920061
Organization Overview
Mrb Foundation Inc is located in Lake Geneva, WI. The organization was established in 1994. 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. Mrb 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 12/2022, Mrb Foundation Inc generated $1.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $1.8m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Mrb Foundation Inc has awarded 706 individual grants totaling $7,266,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen P Bent President And Director | 0 | $0 | |
John P Bent III Vice President And Directo | 0 | $0 | |
Walter W Bell Treas./sec. And Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $900,668 |
| Interest on Savings | $19,749 |
| Dividends & Interest | $314,033 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $210,294 |
| Capital Gain Net Income | $210,294 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,444,744 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $63,959 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $87,877 |
| Total operating and administrative expenses | $273,521 |
| Contributions, gifts, grants paid | $1,556,000 |
| Total expenses and disbursements | $1,829,521 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $259,017 |
| 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 | $12,529,441 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $20,722,613 |
| 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, Mrb Foundation Inc has awarded $1,556,000 in support to 149 organizations.
| Grant Recipient | Amount |
|---|---|
ALEXANDER DAWSON FOUNDATION PURPOSE: EDUCATIONAL | $25,000 |
BARNARD COLLEGE PURPOSE: EDUCATIONAL | $1,000 |
AUDUBON CANYON RANCH PURPOSE: EDUCATIONAL | $2,000 |
AUTISM SPEAKS PURPOSE: EDUCATIONAL | $10,000 |
BOCA RATON REGIONAL HOSPITAL INC PURPOSE: MEDICAL | $2,000 |
BOULDER PUBLIC LIBRARY FOUNDATION PURPOSE: EDUCATIONAL | $1,000 |