Malark Foundation
- Assets
- $1.3m
- Revenue
- $242.1k
- Investments
- $1.0m
- Employees
- 0
- Location
- Elk River, MN
- Founding
- 08/2014
- Data as of
- 12/2021
- EIN
- 46-4903223
Organization Overview
Malark Foundation is located in Elk River, MN. The organization was established in 2014. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Malark 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, Malark Foundation generated $242.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.5% each year . All expenses for the organization totaled $70.5k during the year ending 12/2021. While expenses have increased by 12.6% 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.
Since 2015, Malark Foundation has awarded 83 individual grants totaling $187,318. 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 |
|---|---|---|---|
Ethan Malark President | 1 | $0 | |
Doug Malark Treasurer | 1 | $0 | |
Elliot Malark Secretary | 1 | $0 | |
Sheryl Malark Chairman | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $200,000 |
| Interest on Savings | $34 |
| Dividends & Interest | $17,764 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $21,569 |
| Capital Gain Net Income | $21,569 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $2,746 |
| Other Income | $0 |
| Total Revenue | $242,113 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $746 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,875 |
| Total operating and administrative expenses | $5,921 |
| Contributions, gifts, grants paid | $64,620 |
| Total expenses and disbursements | $70,541 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,239 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $467 |
| 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 | $1,039,088 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $238,858 |
| Total assets | $1,300,652 |
| Accounts payable and accrued expenses | $246 |
| 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 | $246 |
Grants Awarded
Over the last fiscal year, Malark Foundation has awarded $64,620 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
Rochester, MN PURPOSE: SUPPORT FOR OPERATIONS. | $15,000 |
SECOND HARVEST HEARTLAND PURPOSE: SUPPORT FOR OPERATIONS. | $10,000 |
ANIMAL HUMANE SOCIETY PURPOSE: SUPPORT FOR OPERATIONS. | $5,000 |
Coon Rapids, MN PURPOSE: SUPPORT FOR OPERATIONS. | $5,000 |
THE SALVATION ARMY PURPOSE: SUPPORT FOR OPERATIONS. | $5,000 |
ASCPA PURPOSE: SUPPORT FOR OPERATIONS. | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
We Energies Foundation Inc Milwaukee, WI | $74,423,525 | $6,027,785 |
3m Foundation St Paul, MN | $11,832,463 | $7,120,220 |
Richard O Jacobson Foundation Inc Des Moines, IA | $24,841,991 | $13,826,505 |
The Ceres Trust Milwaukee, WI | $8,473,497 | $7,541,315 |
New Jci Foundation Inc Milwaukee, WI | $45,616,522 | $3,307,387 |
Hugh J Andersen Foundation Bayport, MN | $156,260,583 | $11,255,430 |
Hall-Perrine Foundation Cedar Rapids, IA | $140,581,654 | $14,980,430 |
Dohmen Company Foundation Inc Milwaukee, WI | $0 | $9,439,356 |
Xcel Energy Foundation Minneapolis, MN | $11,307,736 | $67,424 |
Patrick & Aimee Butler Family Foundation St Paul, MN | $109,951,624 | $8,639,825 |
Mead Witter Foundation Inc Wisconsin Rapids, WI | $51,357,757 | $5,357,467 |
Comer Science And Education Foundation Waukesha, WI | $78,906,538 | $1,965,731 |