Dennis K And Vivian D Siemer Foundation Inc
- Assets
- $143.4k
- Revenue
- $22.4k
- Investments
- $143.1k
- Employees
- 0
- Location
- Mankato, MN
- Founding
- 03/2000
- Data as of
- 12/2022
- EIN
- 41-1957558
Organization Overview
Dennis K And Vivian D Siemer Foundation Inc is located in Mankato, MN. The organization was established in 2000. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dennis K And Vivian D Siemer 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, Dennis K And Vivian D Siemer Foundation Inc generated $22.4k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $9.4k during the year ending 12/2022. While expenses have increased by 5.1% per year over the past 8 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis K Siemer President | 0.5 | $0 | |
Vivian D Siemer Secretary/treasurer | 0.5 | $0 | |
Peter Kuhlman Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $13,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,212 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,221 |
| Capital Gain Net Income | $4,221 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $22,433 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $190 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $2,694 |
| Contributions, gifts, grants paid | $6,700 |
| Total expenses and disbursements | $9,394 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2 |
| Savings and temporary cash investments | $349 |
| 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 | $143,063 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $143,414 |
| 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, Dennis K And Vivian D Siemer Foundation Inc has awarded $6,700 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MINNESOTA STATE UNIVERSITY MANKATO FOUNDATION INC PURPOSE: TO PROVIDE ASSISTANCE TO FURTHER PROGRAM MISSION | $5,000 |
SOUTH CENTRAL SERVICE COOPERATIVE PURPOSE: TO PROVIDE ASSISTANCE TO FURTHER PROGRAM MISSION | $1,700 |