The Mike & Linda Fiterman Family Foundation
- Assets
- $31.6m
- Revenue
- $4.2m
- Investments
- $25.8m
- Employees
- 0
- Location
- St Louis Park, MN
- Founding
- 12/1967
- Data as of
- 05/2024
- EIN
- 41-6058465
Organization Overview
The Mike & Linda Fiterman Family Foundation is located in St Louis Park, MN. The organization was established in 1967. 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. Mike & Linda Fiterman Family 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 05/2024, Mike & Linda Fiterman Family Foundation generated $4.2m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $3.3m during the year ending 05/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Mike & Linda Fiterman Family Foundation has awarded 535 individual grants totaling $8,459,864. 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 |
|---|---|---|---|
Michael Fiterman President | 4 | $0 | |
David Lenzen Secretary | 8 | $0 | |
Linda Fiterman Treasurer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,850,000 |
| Interest on Savings | $413,480 |
| Dividends & Interest | $338,330 |
| Net Rental Income | $15,652 |
| Net Gain on Sale of Assets | $607,365 |
| Capital Gain Net Income | $429,712 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,224,827 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $53,344 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $171,988 |
| Total operating and administrative expenses | $225,332 |
| Contributions, gifts, grants paid | $3,035,750 |
| Total expenses and disbursements | $3,261,082 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200,725 |
| Savings and temporary cash investments | $5,682,191 |
| 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 | $987,164 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $31,634,126 |
| 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 Mike & Linda Fiterman Family Foundation has awarded $3,035,750 in support to 114 organizations.
| Grant Recipient | Amount |
|---|---|
ADATH JESHURUN CONGREGATION PURPOSE: PUBLIC SUPPORT | $6,100 |
ALZHEIMER'S ASSOCIATION PURPOSE: PUBLIC SUPPORT | $1,000 |
AMERICAN DIABETES ASSOCITIO PURPOSE: PUBLIC SUPPORT | $1,500 |
AMERICAN FRIENDS OF JORDAN RIVER VILLAGE FOUNDATION PURPOSE: PUBLIC SUPPORT | $2,500 |
AMERICAN FRIENDS OF MIGDAL TORAH INC PURPOSE: PUBLIC SUPPORT | $1,000 |
AMERICAN RED CROSS PURPOSE: PUBLIC SUPPORT | $5,000 |