Northwestern Mutual Life Foundation Inc
- Assets
- $89.5m
- Revenue
- $7.1m
- Investments
- $84.5m
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 06/2015
- Data as of
- 06/2023
- 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 06/2023, Northwestern Mutual Life Foundation Inc generated $7.1m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 12.6% each year . All expenses for the organization totaled $27.7m during the year ending 06/2023. While expenses have increased by 6.3% 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 | |
John E Schlifske Chairman & Director | 0 | $0 | |
Scott J Morris Secretary | 0 | $0 | |
Grady Crosby Director | 0 | $0 | |
Joe Mandacina Director | 0 | $0 | |
Raymond J Manista Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $98,542 |
| Interest on Savings | $197,724 |
| Dividends & Interest | $1,991,079 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,832,091 |
| Capital Gain Net Income | $4,832,091 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$248 |
| Total Revenue | $7,119,188 |
| 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 | $2,261,319 |
| Total operating and administrative expenses | $2,261,319 |
| Contributions, gifts, grants paid | $25,418,833 |
| Total expenses and disbursements | $27,680,152 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,306,954 |
| 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 | $3,747,517 |
| Total assets | $89,532,935 |
| 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 |