Mmg Foundation Inc
- Assets
- $1.9m
- Revenue
- $1.5m
- Investments
- $1.1m
- Employees
- 0
- Location
- Kimberly, WI
- Founding
- 06/1994
- Data as of
- 12/2023
- EIN
- 39-6571237
Organization Overview
Mmg Foundation Inc is located in Kimberly, WI. The organization was established in 1994. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, 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. Mmg 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 12/2023, Mmg Foundation Inc generated $1.5m in total revenue. All expenses for the organization totaled $909.4k during the year ending 12/2023. While expenses have increased by 4.0% per year over the past 5 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 2020, Mmg Foundation Inc has awarded 138 individual grants totaling $3,510,833. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia Stiehl President | 8 | $0 | |
Daniel J Peterich Treasurer | 1 | $0 | |
Judith A Kantelberg Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $994,715 |
| Interest on Savings | $0 |
| Dividends & Interest | $14,524 |
| Net Rental Income | -$1,162 |
| Net Gain on Sale of Assets | $479,277 |
| Capital Gain Net Income | $1,399,330 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,097 |
| Total Revenue | $1,489,613 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $335 |
| Taxes | $7,185 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $53,972 |
| Total operating and administrative expenses | $68,029 |
| Contributions, gifts, grants paid | $841,350 |
| Total expenses and disbursements | $909,379 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,302 |
| Savings and temporary cash investments | $3,054 |
| 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 | $1,139,406 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $801,316 |
| Total assets | $1,949,078 |
| 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, Mmg Foundation Inc has awarded $841,350 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
ALTRUSA OF DOOR COUNTY PURPOSE: BACK TO SCHOOL FAIR | $2,500 |
AMERICAN RED CROSS PURPOSE: HEROES MUSICALES/DISASTER RELIEF | $10,000 |
BIRCH CREEK MUSIC PERFORMANCE PURPOSE: PLAY IT FORWARD CAMPAIGN | $93,400 |
DOOR COMMUNITY AUDITORIUM PURPOSE: AUDITORIUM SOCIETY ANNUAL FUND | $46,000 |
DOOR COUNTY HOUSING PARTNERSHIP PURPOSE: HOUSING PARTNERSHIP PLEDGE | $20,000 |
DOOR COUNTY MEDICAL CENTER FOUNDATION PURPOSE: DENTAL CLINC | $3,000 |