Lyman & Wilma Wakefield Family Foundation Cmm-78022101
- Assets
- $460.5k
- Revenue
- $16.6k
- Investments
- $448.3k
- Employees
- 0
- Location
- Glencoe, MN
- Founding
- 12/2002
- Data as of
- 12/2022
- 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 12/2022, Lyman & Wilma Wakefield Family Foundation Cmm-78022101 generated $16.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.4%) each year. All expenses for the organization totaled $52.8k during the year ending 12/2022. 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 64 individual grants totaling $275,000. 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 |
|---|---|---|---|
Security Bank Trust Co Trustee | 1 | $4,055 | |
Gerald P Brost Co-Trustee | 1 | $0 | |
Sonny F Miller Co-Trustee | 1 | $1,677 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,042 |
| Dividends & Interest | $14,094 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$583 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $16,553 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,732 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,774 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $8,796 |
| Contributions, gifts, grants paid | $44,000 |
| Total expenses and disbursements | $52,796 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $11,809 |
| Net Accounts receivable | $313 |
| 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 | $460,465 |
| 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 $44,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
ABBOTT NORTHWESTERN HOSPITAL FOUNDATION PURPOSE: JACKIE AND TIM OVEROM BREAST CANCER EMERGENCY ASSISTANCE FUND | $4,000 |
ALWAYS B SMILING PURPOSE: UNRESTRICTED GENERAL SUPPORT | $2,500 |
ANIMAL HUMANE SOCIETY PURPOSE: $1,000 HORSE RESCUE AND $4,000 GENERAL SUPPORT | $5,000 |
BLAKE SCHOOL PURPOSE: UNRESTRICTED GENERAL SUPPORT | $2,000 |
FRIENDS OF THE CHESSIE TRAIL PURPOSE: UNRESTRICTED GENERAL SUPPORT | $500 |
GUILD INCORPORATED PURPOSE: UNRESTRICTED GENERAL SUPPORT | $3,500 |