Athwin Foundation
- Assets
- $3.0m
- Revenue
- $375.2k
- Investments
- $2.7m
- Employees
- 0
- Location
- Wayzata, MN
- Founding
- 06/1958
- Data as of
- 12/2022
- EIN
- 41-6021773
Organization Overview
Athwin Foundation is located in Wayzata, MN. The organization was established in 1958. 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. Athwin 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, Athwin Foundation generated $375.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $438.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (10.3%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Athwin Foundation has awarded 312 individual grants totaling $3,657,858. 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 |
|---|---|---|---|
Bruce W Bean Trustee | 2 | $0 | |
Mary F Bean Trustee | 2 | $0 | |
Glen Bean Trustee | 0.5 | $0 | |
Andrew D Bean Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $141,451 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $233,770 |
| Capital Gain Net Income | $233,770 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $375,221 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,685 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $79,829 |
| Total operating and administrative expenses | $130,620 |
| Contributions, gifts, grants paid | $308,250 |
| Total expenses and disbursements | $438,870 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $303,831 |
| Net Accounts receivable | $2,275 |
| 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 | $239,609 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,957,833 |
| 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, Athwin Foundation has awarded $308,250 in support to 42 organizations.
| Grant Recipient | Amount |
|---|---|
ALL-SQUARE MINNEAPOLIS PURPOSE: GENERAL OPERATING | $5,000 |
CHANGE INC PURPOSE: GENERAL OPERATING | $5,000 |
CHILDREN'S DENTAL SERVICES PURPOSE: GENERAL OPERATING | $2,000 |
DIVISION OF INDIAN WORK PURPOSE: GENERAL OPERATING | $5,000 |
CUYUNA RANGE YOUTH CENTER PURPOSE: GENERAL OPERATING | $5,000 |
CIVIC CAUCUS PURPOSE: GENERAL OPERATING | $1,000 |