The John C Mithun Foundation
- Assets
- $53.3m
- Revenue
- $17.1m
- Investments
- $50.9m
- Employees
- 0
- Location
- Santa Barbara, CA
- Founding
- 04/2012
- Data as of
- 12/2022
- EIN
- 45-4228213
Organization Overview
The John C Mithun Foundation is located in Santa Barbara, CA. The organization was established in 2012. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. John C Mithun 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 12/2022, John C Mithun Foundation generated $17.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $3.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, John C Mithun Foundation has awarded 293 individual grants totaling $9,687,373. 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 |
|---|---|---|---|
John C Mithun President | 1 | $0 | |
Mercedes M Millington Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $12,096,595 |
| Interest on Savings | $25,204 |
| Dividends & Interest | $1,101,942 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,833,138 |
| Capital Gain Net Income | $15,883,893 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $17,056,879 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $264,337 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $200 |
| Total operating and administrative expenses | $738,452 |
| Contributions, gifts, grants paid | $2,635,307 |
| Total expenses and disbursements | $3,373,759 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $96,958 |
| Savings and temporary cash investments | $2,290,466 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $53,292,508 |
| 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 John C Mithun Foundation has awarded $2,635,307 in support to 59 organizations.
| Grant Recipient | Amount |
|---|---|
MID-PACIFIC PURPOSE: GENERAL | $10,000 |
LOTUSLAND PURPOSE: GENERAL | $25,000 |
MISSION SCHOLARS PURPOSE: GENERAL | $25,000 |
MONTECITO TRAILS FOUNDATION PURPOSE: GENERAL | $10,000 |
MOXI PURPOSE: GENERAL | $15,000 |
MUSIC ACADEMY OF THE WEST PURPOSE: GENERAL | $30,000 |