Moravian Care Foundation
- Assets
- $2.0m
- Revenue
- $91.4k
- Investments
- $18.6k
- Employees
- 0
- Location
- Chaska, MN
- Founding
- 03/1994
- Data as of
- 12/2023
- EIN
- 41-1773220
Organization Overview
Moravian Care Foundation is located in Chaska, MN. The organization was established in 1994. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Moravian Care 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 12/2023, Moravian Care Foundation generated $91.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (7.5%) each year. All expenses for the organization totaled $133.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
INVESTMENT AND DISTRIBUTION OF THE DONATED FUNDS OF THE MORAVIAN FAMILY OF NONPROFIT ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION MANAGES AND INVESTS THE ASSETS OF ITS TAX-EXEMPT AFFILIATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael J Senden President/ceo | OfficerTrustee | 1.8 | $0 |
Bruce Shogger Chair | OfficerTrustee | 1 | $0 |
Dan Hokeness Vice Chair | OfficerTrustee | 1 | $0 |
Arvin Zwart Treasurer | OfficerTrustee | 1 | $0 |
Steve Battis Secretary | OfficerTrustee | 1 | $0 |
Dale Beimer Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $130,832 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,328 |
| Noncash contributions included in lines 1a–1f | $13,020 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $145,160 |
| Total Program Service Revenue | $0 |
| Investment income | $7,875 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,162 |
| Net Income from Fundraising Events | -$60,458 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $91,415 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,224 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,315 |
| Pension plan accruals and contributions | $77 |
| Other employee benefits | $5,997 |
| Payroll taxes | $0 |
| Fees for services: Management | $65,000 |
| Fees for services: Legal | $3,185 |
| Fees for services: Accounting | $15,269 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,029 |
| Advertising and promotion | $0 |
| Office expenses | $16,279 |
| Information technology | $7,950 |
| Royalties | $0 |
| Occupancy | $206 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,631 |
| All other expenses | $0 |
| Total functional expenses | $133,407 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $221 |
| Savings and temporary cash investments | $203,371 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $23,160 |
| Investments—other securities | $18,615 |
| Investments—program-related | $42,025 |
| Intangible assets | $0 |
| Other assets | $1,761,582 |
| Total assets | $2,048,974 |
| Accounts payable and accrued expenses | $9,843 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $9,843 |
| Net assets without donor restrictions | $1,154,827 |
| Net assets with donor restrictions | $884,304 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,048,974 |
Grants Awarded
Over the last fiscal year, Moravian Care Foundation has awarded $38,353 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
AUBURN MANOR PURPOSE: GENERAL SUPPORT | $22,066 |
AUBURN HOME IN WACONIA PURPOSE: GENERAL SUPPORT | $16,287 |