Mighty Acorn Foundation Inc

Organization Overview

Mighty Acorn Foundation Inc is located in Elkhart, IN. The organization was established in 2014. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Mighty Acorn Foundation Inc 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 12/2023, Mighty Acorn Foundation Inc generated $579.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $527.5k during the year ending 12/2023. While expenses have increased by 0.4% per year over the past 8 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO OFFER, CONDUCT, SUPPORT, ENCOURAGE AND/OR ASSIST EDUCATIONAL, CHARITABLE, RELIGIOUS, AND OTHER PROGRAMS AND PROJECTS THAT ARE DIRECTED TOWARDS THE ADVANCEMENT OF EDUCATION, THE RELIEF OF THE POOR AND OTHER CHARITABLE ACTIVITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO OFFER, CONDUCT, SUPPORT, ENCOURAGE AND/OR ASSIST EDUCATIONAL, CHARITABLE, RELIGIOUS, AND OTHER PROGRAMS AND PROJECTS THAT ARE DIRECTED TOWARDS THE ADVANCEMENT OF EDUCATION, THE RELIEF OF THE POOR AND OTHER CHARITABLE ACTIVITIES.


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Board, Officers & Key Employees

Name (title)Compensation
Denise Walsh
President
$43,700
David Demarchis
Board Member
$0
Jennifer Brea Freeman
Board Member
$0
Jonathan Freeman
Board Member
$0
Charlie Heiny
Board Member
$0
Lynette Heisler
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $14,000
All other contributions, gifts, grants, and similar amounts not included above$565,162
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$579,162
Total Program Service Revenue$0
Investment income $696
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
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 $579,858

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