Marlu Foundation
- Assets
- $0.0
- Revenue
- $247.3k
- Investments
- $3.4m
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 03/1998
- Data as of
- 12/2019
- EIN
- 41-1850047
Organization Overview
Marlu Foundation is located in Minneapolis, MN. The organization was established in 1998. 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. Marlu 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 12/2019, Marlu Foundation generated $247.3k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 15.6% each year . All expenses for the organization totaled $312.1k during the year ending 12/2019. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Stitzer Vice President & Director | 0.25 | $0 | |
Lucy Stitzer President & Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $13,819 |
| Dividends & Interest | $145,166 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,054 |
| Total Revenue | $247,331 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $7,033 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $77,067 |
| Contributions, gifts, grants paid | $235,000 |
| Total expenses and disbursements | $312,067 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $134,424 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Marlu Foundation has awarded $145,353 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Reston, VA PURPOSE: UNRESTRICTED | $80,210 |
Eagles Mere, PA PURPOSE: SWEET SHOPPE RENOVATIONS | $35,000 |
Greenwich, CT PURPOSE: TRACK & FIELD INITIATIVE | $30,126 |
PASSTHROUGH ENTERPRISE PRODUCTS PARTNERS LP PURPOSE: FROM PASSTHROUGH | $17 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Otto Bremer Trust St Paul, MN | $1,543,197,073 | $135,875,116 |
The Robert D And Patricia E Kern Family Foundation Inc Waukesha, WI | $717,991,169 | $43,480,423 |
The Richard M Schulze Family Foundation Minneapolis, MN | $250,424,427 | $45,882,285 |
Fred C And Katherine B Andersen Foundation Bayport, MN | $1,210,701,778 | $63,445,932 |
Manitou Fund White Bear Lake, MN | $1,003,593,689 | $40,882,622 |
Lynne & Andrew Redleaf Foundation Minneapolis, MN | $127,717,345 | $981,960 |
Northwest Area Foundation St Paul, MN | $512,755,007 | $38,144,816 |
U S Bancorp Foundation Milwaukee, WI | $68,350,907 | $6,892,078 |
Medtronic Communities Foundation Minneapolis, MN | $54,271,830 | $230,239 |
General Mills Foundation Minneapolis, MN | $0 | -$304,053 |
J A Wedum Foundation Plymouth, MN | $141,295,178 | $28,441,684 |
Bader Philanthropies Inc Milwaukee, WI | $26,809,232 | $30,829,351 |