Wildey H Mitchell Family Foundation
- Assets
- $5.0m
- Revenue
- $644.1k
- Investments
- $4.6m
- Employees
- 0
- Location
- Duluth, MN
- Founding
- 10/1980
- Data as of
- 12/2021
- EIN
- 41-6222997
Organization Overview
Wildey H Mitchell Family Foundation is located in Duluth, MN. The organization was established in 1980. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Wildey H Mitchell 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 12/2021, Wildey H Mitchell Family Foundation generated $644.1k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 54.3% each year . All expenses for the organization totaled $448.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Wildey H Mitchell Family Foundation has awarded 38 individual grants totaling $767,000. 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 S Altman Director | 1 | $0 | |
Steve Krmpotich Director | 1 | $0 | |
Robert J Zallar Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $134,231 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $509,144 |
| Capital Gain Net Income | $509,144 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $709 |
| Total Revenue | $644,084 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,248 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $60,016 |
| Contributions, gifts, grants paid | $388,000 |
| Total expenses and disbursements | $448,016 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $430,160 |
| 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 | $1,040,736 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,989,988 |
| 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, Wildey H Mitchell Family Foundation has awarded $388,000 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS AND GIRLS CLUBS OF THE NORTHLAND PURPOSE: CHARITABLE | $75,000 |
Duluth, MN PURPOSE: CHARITABLE | $40,000 |
Duluth, MN PURPOSE: CHARITABLE | $25,000 |
AMERICAN NATIONAL RED CROSS PURPOSE: CHARITABLE | $25,000 |
Duluth, MN PURPOSE: CHARITABLE | $25,000 |
Duluth, MN PURPOSE: CHARITABLE | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Und Aerospace Foundation Grand Forks, ND | $87,259,673 | $35,764,126 |
South Dakota State University Foundation Brookings, SD | $287,960,105 | $54,798,337 |
Und Alumni Association And Foundation Grand Forks, ND | $413,170,247 | $55,226,015 |
North Dakota State University Foundation Fargo, ND | $450,450,295 | $29,663,255 |
Northern State University Foundation Aberdeen, SD | $84,974,607 | $23,577,331 |
University Of South Dakota Foundation Vermillion, SD | $352,818,128 | $49,591,248 |
Ics Support Organization Inc Franklin, WI | $552,959,577 | $28,861,342 |
University Of Northern Iowa Foundation Cedar Falls, IA | $173,378,893 | $31,725,389 |
National Assistance Foundation Des Moines, IA | $16,519,301 | $16,875,706 |
Sioux Falls Christian Schools Association Sioux Falls, SD | $33,580,780 | $15,294,565 |
University Research Park Inc Madison, WI | $162,117,796 | $19,527,506 |
Grinnell College Medical Benefit Plan Trust Agreement Grinnell, IA | $11,174,588 | $9,791,771 |