Michelmann Foundation
- Assets
- $243.4k
- Revenue
- $20.3k
- Investments
- $239.1k
- Employees
- 0
- Location
- Quincy, IL
- Founding
- 04/1953
- Data as of
- 12/2022
- EIN
- 37-6032944
Organization Overview
Michelmann Foundation is located in Quincy, IL. The organization was established in 1953. 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. Michelmann 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, Michelmann Foundation generated $20.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (13.9%) each year. All expenses for the organization totaled $16.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clara Ehrhart Director | 0 | $0 | |
Laura G Ehrhart Dir/pres/tre | 0 | $0 | |
Barbara G Gerdes Director | 0 | $0 | |
Richard M Ehrhart Director | 0 | $0 | |
William F Gerdes IV Director/sec | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,000 |
| Interest on Savings | $86 |
| Dividends & Interest | $11,849 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,608 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $20,327 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $555 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $580 |
| Contributions, gifts, grants paid | $15,519 |
| Total expenses and disbursements | $16,099 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $233 |
| Savings and temporary cash investments | $4,067 |
| 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 | $0 |
| Total assets | $243,373 |
| 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, Michelmann Foundation has awarded $15,519 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
CHADDOCK CHILDREN'S FOUNDATION PURPOSE: GENERAL SUPPORT | $100 |
BLESSING FOUNDATION PURPOSE: TERESA ADAMS HOUSE | $1,250 |
BELLA EASETEEN REACH PURPOSE: SUPPORT | $250 |
CULVER-STOCKTON COLLEGE PURPOSE: GERDES/MICHELMANN SCHOLARSHIP | $2,000 |
BLESSING FOUNDATION PURPOSE: SUPPORT | $250 |
ENCORE PURPOSE: FAIRY TALE TEA | $500 |