Leonard J Mikulay Foundation
- Assets
- $7.6m
- Revenue
- $755.5k
- Investments
- $7.3m
- Employees
- 0
- Location
- Burnsville, MN
- Founding
- 09/2013
- Data as of
- 12/2021
- EIN
- 46-3026002
Organization Overview
Leonard J Mikulay Foundation is located in Burnsville, MN. The organization was established in 2013. 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. Leonard J Mikulay 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 12/2021, Leonard J Mikulay Foundation generated $755.5k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 49.4% each year . All expenses for the organization totaled $637.0k during the year ending 12/2021. While expenses have increased by 5.8% per year over the past 4 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PURCHASE OF 4 REAL ESTATE LOTS FOR MINNESOTA ASSISTANCE COUNCIL FOR VETERANS (MACV) WHICH REAL ESTATE LOTS ARE ACQUIRED FOR THE FUTURE BUILDING OF RESIDENTIAL HOUSING UNITS FOR MILITARY VETERANS
PROVIDE MATCHING FUNDS FOR MINNESOTA ASSISTANCE COUNCIL FOR VETERANS (MACV) TO FUND THE MACV HOME FOR THE HOLIDAYS FUND RAISER
FINANCIAL ASSISTANCE TO LITTLE SISTERS OF THE POOR FOR RENOVATION OF 32 APARTMENT AND LIVING UNITS IN A FACILITY MANAGED BY LITTLE SISTERS OF THE POOR
FUNDING TO SHARING AND CARING HANDS TO PROVIDE HELP AND FINANCIAL ASSISTANCE FOR THE POOR AND NEEDY AND ALSO FOR COVID 19 RELIEF ASSISTANCE
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $165,852 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $589,604 |
| Capital Gain Net Income | $589,604 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $755,456 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $27,996 |
| Other employee salaries and wages | $12,000 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,337 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,593 |
| Total operating and administrative expenses | $130,904 |
| Contributions, gifts, grants paid | $506,125 |
| Total expenses and disbursements | $637,029 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $290,343 |
| 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 | $7,636,135 |
| 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, Leonard J Mikulay Foundation has awarded $506,125 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Saint Paul, MN PURPOSE: HOUSING PROGRAMS AND GENERAL OPERATING EXPENSES | $222,950 |
LITTLE SISTERS OF THE POOR PURPOSE: PROVIDE ASSISTANCE FOR RENOVATION OF HOUSING UNITS FOR THE HOMELESS | $200,000 |
Minneapolis, MN PURPOSE: OPERATING EXPENSES AND PROVISIONS FOR HOUSING OF HOMELESS | $50,000 |
HEARTS AND HAMMERS PURPOSE: PROVIDE HOME IMPROVEMENT ASSISTANCE FOR LOW INCOME SENIORS | $15,000 |
Minneapolis, MN PURPOSE: OPERATING EXPENSES OF HOMELESS SHELTER | $12,175 |
MINNESOTA ADULT AND TEEN CHALLENGE PURPOSE: PROVIDE FUNDING FOR OPERATING EXPENSES OF ORGANIZATIONS | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Childrens Fund Inc Neenah, WI | $1,153,019 | $79,562,043 |
Ghr Foundation Minneapolis, MN | $0 | $118,752,892 |
Alfred And Isabel Bader 2014 Charitable Trust Milwaukee, WI | $88,717,556 | $62,553,918 |
Goodman Family Operating Foundation Chaska, MN | $298,216,479 | $15,439,155 |
Robert And Adele Schiff Family Foundation Inc Milwaukee, WI | $226,331,394 | $18,541,997 |
Wca Foundation C/O The Minneapolis Foundation Minneapolis, MN | $0 | $1,050,329 |
Esther And Harold Mertz Foundation Sioux Falls, SD | $674,132,608 | $21,835,940 |
Larson Foundation Sioux Falls, SD | $23,259,212 | -$633,184 |
John T Vucurevich Foundation Rapid City, SD | $151,565,692 | $20,798,188 |
Fund For Wisconsin Scholars Inc Madison, WI | $273,321,225 | $22,010,196 |
Pohlad Family Foundation Minneapolis, MN | $102,001,164 | $18,381,775 |
Roy J Carver Charitable Tr Muscatine, IA | $235,043,756 | $22,231,044 |