Maihaugen Foundation Inc
- Assets
- $4.7m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- La Crosse, WI
- Founding
- 08/1996
- Data as of
- 12/2021
- EIN
- 39-1857836
Organization Overview
Maihaugen Foundation Inc is located in La Crosse, WI. The organization was established in 1996. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maihaugen 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 12/2021, Maihaugen Foundation Inc generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 34.6% each year . All expenses for the organization totaled $222.3k during the year ending 12/2021. While expenses have increased by 1.4% per year over the past 7 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.
Since 2016, Maihaugen Foundation Inc has awarded 179 individual grants totaling $1,009,035. 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 Burton President & Treasurer | 1 | $26,498 | |
Frances M Burton Vice President | 1 | $1,500 | |
Carolyn Burton Secretary | 1 | $500 | |
Trust Point Inc Investment Manager | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $838,165 |
| Interest on Savings | $182 |
| Dividends & Interest | $108,191 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $548,217 |
| Capital Gain Net Income | $548,217 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,767 |
| Total Revenue | $1,498,522 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $28,498 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,336 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $116 |
| Total operating and administrative expenses | $42,011 |
| Contributions, gifts, grants paid | $180,310 |
| Total expenses and disbursements | $222,321 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $137,988 |
| 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 | $4,560,953 |
| Total assets | $4,698,941 |
| 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, Maihaugen Foundation Inc has awarded $180,310 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
Henderson, CO PURPOSE: HUMAN SERVICE ORGANIZATION | $10,000 |
DOOR COUNTY MEDICAL CENTER FOUNDATION PURPOSE: OPERATING CLINIC EXPENSES | $10,000 |
Sturgeon Bay, WI PURPOSE: ARCHAEOLOGICAL PROJECT | $10,000 |
Cross Plains, WI PURPOSE: PRESERVATION | $9,000 |
Nederland, CO PURPOSE: HISTORICAL | $5,040 |
MILWAUKEE BALLET PURPOSE: SCHOLARSHIPS FOR FINANCIAL | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John E Fetzer Institute Inc Kalamazoo, MI | $713,343,604 | $26,097,700 |
Bethany Lutheran Homes Inc La Crosse, WI | $102,810,906 | $37,603,425 |
St Paul Elder Services Inc Kaukauna, WI | $41,952,287 | $25,919,489 |
Benedictine Health Center Minneapolis, MN | $49,837,016 | $24,199,647 |
Vista Maria Dearborn Heights, MI | $39,850,667 | $30,314,517 |
Life Action Ministries Buchanan, MI | $13,761,466 | $20,860,658 |
Veap Inc Bloomington, MN | $8,119,973 | $16,891,199 |
Good Neighbor Society Manchester, IA | $17,383,047 | $14,618,459 |
Our Lady Of Angels Retirement Home Joliet, IL | $4,374,771 | $9,679,285 |
Mount St Joseph Lake Zurich, IL | $18,625,069 | $8,392,155 |
Fabricators & Manufacturers Association International Elgin, IL | $36,664,883 | $10,492,496 |
St Josephs Home Of Springfield Springfield, IL | $6,765,138 | -$5,947,093 |