Mojo Foundation
- Assets
- $36.7m
- Revenue
- $6.9m
- Investments
- $31.5m
- Employees
- 0
- Location
- Grand Rapids, MI
- Founding
- 04/1998
- Data as of
- 12/2021
- EIN
- 38-3325750
Organization Overview
Mojo Foundation is located in Grand Rapids, MI. The organization was established in 1998. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Mojo 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 12/2021, Mojo Foundation generated $6.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $2.8m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Mojo Foundation has awarded 329 individual grants totaling $10,046,800. 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 |
|---|---|---|---|
Michael R Mcgraw Vice President/secretary/treasurer | 0 | $0 | |
Joshua D Mcgraw Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,441,702 |
| Interest on Savings | $6,507 |
| Dividends & Interest | $506,427 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $990,765 |
| Capital Gain Net Income | $1,367,921 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $6,945,401 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $96 |
| Taxes | $184 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $40 |
| Total operating and administrative expenses | $307,143 |
| Contributions, gifts, grants paid | $2,488,000 |
| Total expenses and disbursements | $2,795,143 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,174,182 |
| 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 | $484,872 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $36,719,797 |
| 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, Mojo Foundation has awarded $2,488,000 in support to 49 organizations.
| Grant Recipient | Amount |
|---|---|
Bourbonnais, IL PURPOSE: GENERAL SUPPORT | $1,000,000 |
GRAND RAPIDS INTERNATIONAL FELLOWSHIP PURPOSE: GENERAL SUPPORT | $400,000 |
I LIKE GIVING PURPOSE: GENERAL SUPPORT | $100,000 |
STREAMS OF HOPE PURPOSE: GENERAL SUPPORT | $100,000 |
HOMES FOR HOPE PURPOSE: GENERAL SUPPORT | $100,000 |
COMMUNITY FOOD CLUB OF GREATER GRAND RAPIDS PURPOSE: GENERAL SUPPORT | $75,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mary G Stange Charitable Trust Ann Arbor, MI | $495,498 | $4,941,394 |
William F Vilas Estate Oregon, WI | $133,759,429 | $14,905,447 |
Stanley Frankel And Judith Frankel Support Foundation Bloomfield Hills, MI | $0 | $41,274 |
Ferris Foundation Big Rapids, MI | $118,188,680 | $12,993,679 |
William H Davis & Dorothy M Davis & William C Davis Foundation Columbus, OH | $50,622,304 | $3,999,336 |
Traditions At Mill Run Columbus, OH | $9,179,158 | $5,528,068 |
Gordon Christian Trust Grand Rapids, MI | $67,207,482 | $18,378,082 |
Lang Rachel Boyce Charitable Trust Xxx-Xx-Xxxx Youngstown, OH | $0 | $17,968 |
Stanita Foundation Greenwood, IN | $37,315,806 | $4,060,296 |
College Properties Of Lorain County Inc Oberlin, OH | $42,105,647 | $1,116,823 |
Ethel And James Flinn Foundation Detroit, MI | $60,556,693 | $4,592,274 |
Andrew Squire Testamentary Tr Brooklyn, OH | $55,206,125 | $2,759,650 |