Lyman & Wilma Wakefield Family Foundation Cmm-78022101
- Assets
- $496.7k
- Revenue
- $88.5k
- Investments
- $486.0k
- Employees
- 0
- Location
- Glencoe, MN
- Founding
- 12/2002
- Data as of
- 12/2021
- EIN
- 41-6494372
Organization Overview
Lyman & Wilma Wakefield Family Foundation Cmm-78022101 is located in Glencoe, MN. The organization was established in 2002. According to its NTEE Classification (T30) the organization is classified as: Public 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. Lyman & Wilma Wakefield Family Foundation Cmm-78022101 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, Lyman & Wilma Wakefield Family Foundation Cmm-78022101 generated $88.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 30.4% each year . All expenses for the organization totaled $50.8k during the year ending 12/2021. While expenses have increased by 2.3% per year over the past 7 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.
Since 2016, Lyman & Wilma Wakefield Family Foundation Cmm-78022101 has awarded 53 individual grants totaling $236,500. 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 |
|---|---|---|---|
Security Bank Trust Co Trustee | 1 | $4,353 | |
Sonny F Miller Co-Trustee | 1 | $1,536 | |
Gerald P Brost Co-Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,110 |
| Dividends & Interest | $11,568 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $73,848 |
| Capital Gain Net Income | $73,848 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $88,526 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,889 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,170 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $8,289 |
| Contributions, gifts, grants paid | $42,500 |
| Total expenses and disbursements | $50,789 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,533 |
| Net Accounts receivable | $130 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $496,708 |
| 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, Lyman & Wilma Wakefield Family Foundation Cmm-78022101 has awarded $42,500 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
ORONO FOUNDATION FOR EDUCATION PURPOSE: $10,000 PERSONAL ACADEMIC FUND AND $2,500 BULLYING PROGRAM FUND | $12,500 |
Golden Valley, MN PURPOSE: $1,000 HORSE RESCUE AND $4,000 GENERAL SUPPORT | $5,000 |
GUILD INCORPORATED PURPOSE: UNRESTRICTED GENERAL SUPPORT | $5,000 |
Bridgeville, PA PURPOSE: UNRESTRICTED GENERAL SUPPORT | $5,000 |
ABBOTT NORTHWESTERN HOSPITAL FOUNDATION PURPOSE: JACKIE AND TIM OVEROM BREAST CANCER EMERGENCY ASSISTANCE FUND | $4,000 |
Center City, MN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
David Lynch Foundation For Consciousness-Based Education And Fairfield, IA | $9,280,358 | $8,736,448 |
Steve Stricker American Family Insurance Foundation Inc Madison, WI | $5,745,517 | $4,719,862 |
Hope Gospel Mission Inc Eau Claire, WI | $10,860,307 | $6,194,588 |
Community Foundation Of Johnson Coralville, IA | $45,550,796 | $9,673,780 |
The American Center For Philanthropy Inc Northfield, MN | $38,336,369 | $9,301,432 |
Lyon County Riverboat Foundation Inc Rock Rapids, IA | $2,226,608 | $3,365,358 |
Morgan Memorial Foundation Inc Morgan, MN | $3,017,509 | $3,804,451 |
Believers Stewardship Services Inc Dubuque, IA | $18,487,302 | $3,760,622 |
Nexus Community Partners Saint Paul, MN | $15,080,839 | $10,294,112 |
Caseys Charities Ankeny, IA | $167,680 | $3,051,265 |
Frances L Nelson Foundation Ltd Madison, WI | $5,074 | -$19,273 |
Laboure Society Eagan, MN | $5,263,561 | $3,075,426 |