Glen A Taylor Foundation
- Assets
- $4.8m
- Revenue
- $1.6m
- Investments
- $4.7m
- Employees
- 0
- Location
- North Mankato, MN
- Founding
- 04/1993
- Data as of
- 12/2022
- EIN
- 41-1737411
Organization Overview
Glen A Taylor Foundation is located in North Mankato, MN. The organization was established in 1993. 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. Glen A Taylor 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 12/2022, Glen A Taylor Foundation generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.7% each year . All expenses for the organization totaled $505.4k during the year ending 12/2022. While expenses have increased by 10.2% 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 2016, Glen A Taylor Foundation has awarded 223 individual grants totaling $2,425,901. 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 |
|---|---|---|---|
Glen Taylor Trustee | 0.5 | $0 | |
Larry Taylor Trustee | 0.5 | $0 | |
William Kozitza Trustee | 0.5 | $0 | |
Jean M Taylor Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,123,391 |
| Interest on Savings | $13,746 |
| Dividends & Interest | $100,273 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $315,281 |
| Capital Gain Net Income | $315,281 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,552,691 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $270 |
| Taxes | $10,871 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $225 |
| Total operating and administrative expenses | $13,451 |
| Contributions, gifts, grants paid | $491,900 |
| Total expenses and disbursements | $505,351 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $102,675 |
| 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 | $4,678,065 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,138 |
| Total assets | $4,782,878 |
| 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, Glen A Taylor Foundation has awarded $491,900 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
BLUE EARTH COUNTY LIBRARY PURPOSE: OPERATIONS | $7,500 |
BRIDGES ADVISORY COMMITTEE PURPOSE: OPERATIONS | $650 |
CHILDREN'S MUSEUM OF SOUTHERN MINNESOTA PURPOSE: OPERATIONS | $40,000 |
CITY OF NORTH MANKATO PURPOSE: OPERATIONS | $10,000 |
EAGLE LAKE ELEMENTARY PURPOSE: OPERATIONS | $1,200 |
ECHO FOOD SHELF PURPOSE: OPERATIONS | $2,000 |