Northwestern Mutual Life Foundation Inc
- Assets
- $106.3m
- Revenue
- $38.4m
- Investments
- $102.3m
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 06/2015
- Data as of
- 06/2022
- EIN
- 39-1728908
Organization Overview
Northwestern Mutual Life Foundation Inc is located in Milwaukee, WI. The organization was established in 2015. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Northwestern Mutual Life 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 06/2022, Northwestern Mutual Life Foundation Inc generated $38.4m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $24.8m during the year ending 06/2022. While expenses have increased by 6.6% per year over the past 4 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven M Radke President & Director | 0 | $0 | |
Scott J Morris Secretary | 0 | $0 | |
John E Schlifske Chairman & Director | 0 | $0 | |
Don J Robertson Director | 0 | $0 | |
Raymond J Manista Director | 0 | $0 | |
Aditi J Gokhale Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $31,722,000 |
| Interest on Savings | $11,799 |
| Dividends & Interest | $1,891,620 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,728,546 |
| Capital Gain Net Income | $4,728,546 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$124 |
| Total Revenue | $38,353,841 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,881,708 |
| Total operating and administrative expenses | $1,881,708 |
| Contributions, gifts, grants paid | $22,889,385 |
| Total expenses and disbursements | $24,771,093 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,789,946 |
| Savings and temporary cash investments | $0 |
| 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 | $245,819 |
| Total assets | $106,326,341 |
| 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 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Merit Scholarship Corporation Evanston, IL | $183,825,978 | $50,191,294 |
Northstar Education Finance Inc Eagan, MN | $1,293,468,719 | $40,177,777 |
Evans Scholars Foundation Glenview, IL | $101,873,087 | $62,566,812 |
Skillman Foundation Detroit, MI | $412,503,854 | $53,699,386 |
Northwestern Mutual Life Foundation Inc Milwaukee, WI | $106,326,341 | $38,353,841 |
Scholarship America Inc Minneapolis, MN | $219,130,905 | $29,933,482 |
Kalamazoo Promise Kalamazoo, MI | $7,251,327 | $23,596,440 |
Future Leaders Of Americafoundation Inc Chicago, IL | $0 | $13,517,008 |
Des Moines Golf And Country Club West Des Moines, IA | $24,329,403 | $13,657,003 |
Ruth Mott Foundation Flint, MI | $290,091,185 | $30,117,543 |
Professional Convention Management Association Chicago, IL | $13,503,434 | $11,522,188 |
Sigma Chi Foundation Evanston, IL | $40,441,719 | $12,690,646 |