Mansfield Family Foundation
- Assets
- $5.0m
- Revenue
- $195.7k
- Investments
- $4.8m
- Employees
- 0
- Location
- East Lansing, MI
- Founding
- 09/2015
- Data as of
- 10/2023
- EIN
- 46-4006987
Organization Overview
Mansfield Family Foundation is located in East Lansing, MI. The organization was established in 2015. 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. Mansfield Family 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 10/2023, Mansfield Family Foundation generated $195.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (23.8%) each year. All expenses for the organization totaled $307.7k during the year ending 10/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mansfield Family Foundation has awarded 79 individual grants totaling $1,475,247. 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 |
|---|---|---|---|
William L Mansfield III Director, CEO | 20 | $71,000 | |
Patricia S Mansfield Director | 1 | $0 | |
Erin F Mansfield Director | 1 | $0 | |
William L Mansfield Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $106,134 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $89,612 |
| Capital Gain Net Income | $89,612 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $195,746 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $71,000 |
| Other employee salaries and wages | $17,583 |
| Pension plans, employee benefits | $8,302 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,109 |
| Total operating and administrative expenses | $102,712 |
| Contributions, gifts, grants paid | $205,000 |
| Total expenses and disbursements | $307,712 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $165,383 |
| Savings and temporary cash investments | $39,063 |
| 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 | $5,031,447 |
| 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, Mansfield Family Foundation has awarded $205,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
CAPE FEAR HABITAT FOR HUMANITY INC PURPOSE: GENERAL OPERATIONS | $10,000 |
CHALLENGE MOUNTAIN PURPOSE: GENERAL OPERATIONS | $1,000 |
CHARLEVOIX COUNTY COMMUNITY FOUNDATION PURPOSE: GENERAL OPERATIONS | $5,000 |
ELE'S PLACE PURPOSE: GENERAL OPERATIONS | $10,000 |
CROOKED TREE ART CENTER PURPOSE: GENERAL OPERATIONS | $10,000 |
GET TO FOUNDATION PURPOSE: GENERAL OPERATIONS | $2,500 |