Dale R & Ruth L Michels Family Foundation
- Assets
- $10.8m
- Revenue
- $925.0k
- Investments
- $10.4m
- Employees
- 0
- Location
- Brownsville, WI
- Founding
- 04/1999
- Data as of
- 12/2021
- EIN
- 39-1949453
Organization Overview
Dale R & Ruth L Michels Family Foundation is located in Brownsville, WI. The organization was established in 1999. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, 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. Dale R & Ruth L Michels Family 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, Dale R & Ruth L Michels Family Foundation generated $925.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $1.7m during the year ending 12/2021. While expenses have increased by 15.3% 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 2014, Dale R & Ruth L Michels Family Foundation has awarded 317 individual grants totaling $18,496,310. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick D Michels Trustee | 1 | $0 | |
Timothy J Michels Trustee | 1 | $0 | |
Steven R Michels Trustee | 1 | $0 | |
Kevin P Michels Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100 |
| Interest on Savings | $7,711 |
| Dividends & Interest | $189,834 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $719,603 |
| Capital Gain Net Income | $726,546 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7,760 |
| Total Revenue | $925,008 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $6,466 |
| Taxes | $11,699 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $852 |
| Total operating and administrative expenses | $50,522 |
| Contributions, gifts, grants paid | $1,654,000 |
| Total expenses and disbursements | $1,704,522 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $339,308 |
| Savings and temporary cash investments | $117,380 |
| 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 | $1,454,031 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,831,002 |
| 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, Dale R & Ruth L Michels Family Foundation has awarded $2,241,000 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
AGNESIAN HEALTHCARE FOUNDATION PURPOSE: GENERAL SUPPORT | $600,000 |
ASTOP PURPOSE: GENERAL SUPPORT | $1,000 |
BIG BROTHERS BIG SISTERS OF FOND DU LAC COUNTY PURPOSE: GENERAL SUPPORT | $5,000 |
BADGERLAND YOUTH FOR CHRIST PURPOSE: GENERAL SUPPORT | $3,000 |
BOYS & GIRLS CLUB OF FOND DU LAC PURPOSE: GENERAL SUPPORT | $5,000 |
BYRON CEMETERY ASSOCIATION PURPOSE: GENERAL SUPPORT | $500 |