C Paul & Irene G Venables Foundation Est Local I-M
- Assets
- $1.4m
- Revenue
- $93.8k
- Investments
- $1.4m
- Employees
- 0
- Location
- Winona, MN
- Founding
- 08/1988
- Data as of
- 12/2023
- EIN
- 41-1596060
Organization Overview
C Paul & Irene G Venables Foundation Est Local I-M is located in Winona, MN. The organization was established in 1988. 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. C Paul & Irene G Venables Foundation Est Local I-M 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, C Paul & Irene G Venables Foundation Est Local I-M generated $93.8k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $97.6k during the year ending 12/2023. While expenses have increased by 1.3% per year over the past 9 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, C Paul & Irene G Venables Foundation Est Local I-M has awarded 37 individual grants totaling $647,000. 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 |
|---|---|---|---|
Larry Sutton Director/secretary | 5 | $0 | |
Vicki Decker Director/vp | 5 | $0 | |
Masood Dehnavifar Director/president | 5 | $0 | |
Susan Althoff Director | 5 | $0 | |
Martin Oines Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $990 |
| Dividends & Interest | $35,925 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $56,864 |
| Capital Gain Net Income | $56,864 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $93,779 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $397 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $172 |
| Total operating and administrative expenses | $11,609 |
| Contributions, gifts, grants paid | $86,000 |
| Total expenses and disbursements | $97,609 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $25,663 |
| 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 | $0 |
| Total assets | $1,410,372 |
| 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, C Paul & Irene G Venables Foundation Est Local I-M has awarded $86,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
WESLEY UNITED METHODIST CHURCH PURPOSE: GENERAL RELIGIOUS SUPPORT | $36,000 |
WINONA COMMUNITY FOUNDATION PURPOSE: GENERAL PROGRAM SUPPORT | $17,500 |
UNIVERSITY OF MINNESOTA PURPOSE: MEDICAL RESEARCH | $15,000 |
MAYO FOUNDATION PURPOSE: MEDICAL RESEARCH | $17,500 |