The M & L Foundation Inc
- Assets
- $1.5m
- Revenue
- $219.4k
- Investments
- $1.4m
- Employees
- 0
- Location
- Rogers, MN
- Founding
- 09/1995
- Data as of
- 12/2022
- EIN
- 41-1814419
Organization Overview
The M & L Foundation Inc is located in Rogers, MN. The organization was established in 1995. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. M & L 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 12/2022, M & L Foundation Inc generated $219.4k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $153.9k during the year ending 12/2022. While expenses have increased by 9.0% per year over the past 4 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, M & L Foundation Inc has awarded 31 individual grants totaling $354,926. 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
DISTRIBUTION OF BIBLES IN AFRICA, ORPHANAGE SUPPORT, MISSIONS, OUTREACH
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maurice Kapsner President | 2 | $0 | |
John Kapsner Secretary | 1 | $0 | |
Lannie Cragg Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $146,600 |
| Interest on Savings | $0 |
| Dividends & Interest | $50,179 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $22,657 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $219,436 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $621 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $14,902 |
| Total operating and administrative expenses | $16,883 |
| Contributions, gifts, grants paid | $137,050 |
| Total expenses and disbursements | $153,933 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $122,887 |
| Savings and temporary cash investments | $0 |
| 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 | $1,474,588 |
| 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, The M & L Foundation Inc has awarded $137,050 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
PENTACOSTAL CHURCH OF BURUNDI PURPOSE: COMPUTER DISCIPLESHIP | $20,350 |
FRIENDS OF BUKWO GLOBAL PURPOSE: MEDICAL, HOSPETAL BLD | $48,500 |
UGANDA HOSPITAL PURPOSE: MEDICAL, HOSPETAL BLD | $500 |
ANTANANARIVO MISSION PURPOSE: DISCIPLESHIP | $12,000 |
PROSPER COMMUNITY BILBLE STUDY PURPOSE: EDUCATION/EVANGELISM | $12,000 |
ANGLICAN CHURCH OF UGANDA PURPOSE: EDUCATION/EVANGELISM | $20,000 |