Maihaugen Foundation Inc
- Assets
- $4.4m
- Revenue
- -$11.5k
- Investments
- $0.0
- Employees
- 0
- Location
- La Crosse, WI
- Founding
- 08/1996
- Data as of
- 12/2022
- 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.
Since 2016, Maihaugen Foundation Inc has awarded 220 individual grants totaling $1,252,035. 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 | $1,500 | |
Frances M Burton Vice President | 1 | $0 | |
Carolyn Burton Secretary | 1 | $500 | |
Trust Point Inc Investment Manager | 1 | $26,591 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $132 |
| Dividends & Interest | $96,013 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$109,136 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,465 |
| Total Revenue | -$11,526 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $28,591 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15,357 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $48,889 |
| Contributions, gifts, grants paid | $243,000 |
| Total expenses and disbursements | $291,889 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $79,090 |
| 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 | $4,313,238 |
| Total assets | $4,392,328 |
| 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 $243,000 in support to 41 organizations.
| Grant Recipient | Amount |
|---|---|
OLD WORLD WISCONSIN FOUNDATION PURPOSE: HERITAGE BREED LIVESTOCK | $5,000 |
CROSSROADS AT BIG CREEK PURPOSE: ARCHAEOLOGICAL PROJECT | $5,000 |
MILWAUKEE BALLET PURPOSE: SCHOLARSHIPS FOR FINANCIAL | $5,000 |
MILWAUKEE PUBLIC MUSEUM PURPOSE: EARLY LEARNING PROGRAMS | $5,000 |
BOYS AND GIRLS CLUB OF DOOR COUNTY INC PURPOSE: SUPPORT YOUTH | $5,000 |
DOOR COUNTY MEMORIAL HOSPITAL FOUNDATION PURPOSE: HUMANITARIAN | $10,000 |