Martinson Foundation
- Assets
- $825.8k
- Revenue
- $44.6k
- Investments
- $713.8k
- Employees
- 0
- Location
- Appleton, MN
- Founding
- 09/1983
- Data as of
- 11/2022
- EIN
- 41-1454653
Organization Overview
Martinson Foundation is located in Appleton, MN. The organization was established in 1983. 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. Martinson 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 11/2022, Martinson Foundation generated $44.6k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $62.8k during the year ending 11/2022. While expenses have increased by 2.7% per year over the past 6 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 2015, Martinson Foundation has awarded 157 individual grants totaling $403,395. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
REFER TO SECTION XV WHICH LISTS ALL CHARITABLE ORGANIZATIONS WHICH HAVE RECEIVED GRANTS AND THE USE TO WHICH THE FUNDS WERE PUT TO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Sec/treas | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $15,100 |
| Interest on Savings | $5,862 |
| Dividends & Interest | $13,504 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,162 |
| Capital Gain Net Income | $10,162 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $44,628 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $380 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $443 |
| Total operating and administrative expenses | $2,023 |
| Contributions, gifts, grants paid | $60,741 |
| Total expenses and disbursements | $62,764 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,957 |
| Savings and temporary cash investments | $101,000 |
| 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 | $713,826 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $825,783 |
| 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, Martinson Foundation has awarded $60,741 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
Appleton, MN PURPOSE: GENERAL | $15,500 |
APPLETON AREA HEALTH SERVICES PURPOSE: GENERAL | $13,433 |
LAC QUI PARLE VALLEY SCHOOLS PURPOSE: GENERAL | $8,500 |
DOLLARS FOR SCHOLARS PURPOSE: GENERAL | $6,500 |
APPLETON RECREATION ASSOCIATION PURPOSE: GENERAL | $5,000 |
APPLETONMILAN ELEMENTARY PURPOSE: GENERAL | $2,881 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
We Energies Foundation Inc Milwaukee, WI | $74,423,525 | $6,027,785 |
3m Foundation St Paul, MN | $11,832,463 | $7,120,220 |
Richard O Jacobson Foundation Inc Des Moines, IA | $24,841,991 | $13,826,505 |
The Ceres Trust Milwaukee, WI | $8,473,497 | $7,541,315 |
New Jci Foundation Inc Milwaukee, WI | $45,616,522 | $3,307,387 |
Hugh J Andersen Foundation Bayport, MN | $156,260,583 | $11,255,430 |
Hall-Perrine Foundation Cedar Rapids, IA | $140,581,654 | $14,980,430 |
Dohmen Company Foundation Inc Milwaukee, WI | $0 | $9,439,356 |
Xcel Energy Foundation Minneapolis, MN | $11,307,736 | $67,424 |
Patrick & Aimee Butler Family Foundation St Paul, MN | $109,951,624 | $8,639,825 |
Mead Witter Foundation Inc Wisconsin Rapids, WI | $51,357,757 | $5,357,467 |
Comer Science And Education Foundation Waukesha, WI | $78,906,538 | $1,965,731 |