Mayflower Homes Foundation
- Assets
- $6.0m
- Revenue
- $235.3k
- Investments
- $3.9m
- Employees
- 0
- Location
- Grinnell, IA
- Founding
- 08/1986
- Data as of
- 03/2022
- EIN
- 42-1250939
Organization Overview
Mayflower Homes Foundation is located in Grinnell, IA. The organization was established in 1986. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mayflower Homes 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 03/2022, Mayflower Homes Foundation generated $235.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $170.2k during the year ending 03/2022. While expenses have increased by 1.3% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION STRIVES TO ENLIGHTEN THE PUBLIC CONCERNING THE MISSION AND MINISTRY OF MAYFLOWER HOMES, INC. USING INCREASED AWARENESS AS THE BACKDROP, SPECIFIC FUND RAISING ACTIVITIES ARE PROJECTED TO HELP MEET THE ONGOING NEEDS AMONG MAYFLOWER RESIDENTS. CONTRIBUTIONS RECEIVED ARE PRUDENTLY INVESTED, CONSISTENT WITH THE DONOR'S WISHES, IN ORDER TO ASSURE THE FUTURE WELL-BEING OF THIS SENIOR ADULT COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT THE MISSION OF MAYFLOWER HOMES, INC.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Yungclas President | OfficerTrustee | 1 | $0 |
Nicole Brua-Behrens Secretary/treasurer | OfficerTrustee | 1 | $0 |
Joann Becker Vice President | OfficerTrustee | 1 | $0 |
Steven Langerud Executive Director | Officer | 40 | $0 |
Pam Vosburg Chief Financial Officer | Officer | 40 | $0 |
Bill Ferguson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $27,712 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,712 |
| Total Program Service Revenue | $0 |
| Investment income | $202,047 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,585 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $235,344 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $168,126 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,087 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $13 |
| Total functional expenses | $170,226 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $112,866 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,125,143 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,894,319 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $839,377 |
| Total assets | $5,971,705 |
| Accounts payable and accrued expenses | $2,192 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,192 |
| Net assets without donor restrictions | $3,422,776 |
| Net assets with donor restrictions | $2,546,737 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,971,705 |
Endowment Analysis
| Beg. Balance | $2,489,374 |
| Earnings | -$20,370 |
| Net Contributions | $27,512 |
| Ending Balance | $2,496,516 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Father Flanagans Fund For Needy Children Boys Town, NE | $1,113,854,804 | $60,806,118 |
Avivo Minneapolis, MN | $27,736,019 | $39,599,118 |
Midwest Senior Ministries Inc St Louis, MO | $12,712,163 | $13,139,984 |
Friends Of Flance Center St Louis, MO | $0 | $160,628 |
Catholic Charities Foundation St Louis, MO | $17,905,767 | $7,836,283 |
Lutheran Senior Services Endowment Fund St Louis, MO | $77,808,847 | $9,810,393 |
Jewish Home And Care Center Foundation Inc Milwaukee, WI | $195,682,199 | $22,064,054 |
Planned Parenthood Minnesota North Dakota South Dakota Fund St Paul, MN | $74,688,900 | $2,513,382 |
Aitkin Health Services Aitkin, MN | $7,612,800 | $5,336,098 |
Cradle Foundation Evanston, IL | $14,544,905 | $2,396,350 |
Cedars Home For Children Foundation Inc Lincoln, NE | $40,209,739 | $4,351,634 |
Community Y Endowment Foundation Muscatine, IA | $0 | $293,511 |