The Mike Zimmer Foundation
- Assets
- $205.3k
- Revenue
- $312.1k
- Investments
- $0.0
- Employees
- 1
- Location
- Bloomington, MN
- Founding
- 07/2016
- Data as of
- 12/2021
- EIN
- 47-4670992
Organization Overview
The Mike Zimmer Foundation is located in Bloomington, MN. The organization was established in 2016. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mike Zimmer 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, Mike Zimmer Foundation generated $312.1k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 20.4% each year . All expenses for the organization totaled $219.7k during the year ending 12/2021. While expenses have increased by 19.3% per year over the past 6 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO BETTER THE LIVES OF CHILDREN IN NEED BY HELPING THEM CHASE THEIR DREAMS, MOTIVATING THEM TO DO SO AND PROMOTE A HEALTHY AND ACTIVE WAY OF LIVING AS WELL AS STRESS THE IMPORTANCE OF EDUCATION, HARD WORK, AND TEAMWORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPSSTUDENTS SUBMIT AN APPLICATION, RESUME, AND ESSAY EXPLAINING HOW THE MONEY WILL HELP THEM TOWARDS THEIR GOALS AND HOW ATHLETICS HAVE IMPACTED THEIR LIVES. EACH STUDENT MUST BE A SENIOR GRADUATING FROM A MINNESOTA HIGH SCHOOL IN 2021, MUST HAVE PARTICIPATED IN A VARSITY SPORT IN HIGH SCHOOL, BE IN ACADEMIC STANDING WITH A 2.75 OR HIGHER GPA, MUST PLAN TO ATTEND AN ACCREDITED COLLEGE, UNIVERSITY, OR COMMUNITY COLLEGE AND MUST HAVE PARTICIPATED IN AN EXTRACURRICULAR ACTIVITY OR VOLUNTEERED IN THE COMMUNITY TO BE QUALIFIED.
BACK TO SCHOOL BACKPACKS: IN 2021 THE MIKE ZIMMER FOUNDATION SHOPPED, FILLED, AND DONATED 500 BACKPACKS WITH SCHOOL SUPPLIES TO THE SALVATION ARMY HOMELESS UNITS WHICH INCLUDED: BACKPACK, LUNCHBOX, SPIRAL NOTEBOOK, 2 POCKET FOLDERS, RULER, WASHABLE MARKERS, PENCIL BAG, COLORED PENCILS, CRAYONS, SCISSORS, 2 GLUE STICKS, PENCILS, ERASER, PENCIL SHARPENER, AND HAND SANITIZER.FUNDING CHRISTMAS FOR SALVATION ARMY FAMILIES: MIKE ZIMMER FOUNDATION SHOPPED AND FUNDED CHRISTMAS FOR HOMELESS FAMILIES IN THE SALVATION ARMY HOUSING UNITS USING WISH LISTS AND PERSONAL NEEDS. ITEMS INCLUDED EVERYTHING FROM CLOTHES, HOUSEHOLD ITEMS, TOYS, BEDS, BIKES, AND GIFT CERTIFICATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Corri Zimmer White Executive Director | OfficerTrustee | 40 | $130,543 |
Loy White Treasurer | OfficerTrustee | 1 | $0 |
Mike Zimmer President | OfficerTrustee | 1 | $0 |
Mary Redmond Secretary | OfficerTrustee | 1 | $0 |
Adam Zimmer Planning/ Events | Trustee | 1 | $0 |
Marki Zimmer Events | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $293,764 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $128,926 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $422,690 |
| Total Program Service Revenue | $0 |
| Investment income | $8 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$109,118 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$1,495 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $312,085 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $31,483 |
| Grants and other assistance to domestic individuals. | $22,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $130,543 |
| Compensation of current officers, directors, key employees. | $52,217 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,067 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $9,775 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $12,262 |
| Total functional expenses | $219,730 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $205,278 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $205,278 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $205,278 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $205,278 |
Grants Awarded
Over the last fiscal year, The Mike Zimmer Foundation has awarded $28,483 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Roseville, MN PURPOSE: TO PROVIDE KIDS WITH NEEDS FOR SCHOOL; TO GRANT FAMILIES WITH NEEDS AT CHRISTMAS; TO PROVIDE FAMILIES HOLIDAY MEALS | $22,217 |
Minneapolis, MN PURPOSE: TO SPREAD JOY TO KIDS GOING THROUGH TREATMENTS IN THE HOSPITAL | $6,266 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that The Mike Zimmer Foundation has recieved totaling $33,431.
| Awarding Organization | Amount |
|---|---|
Lynch Family Foundation Ltd Waucoma, IA PURPOSE: DONATION | $33,142 |
C H Robinson Worldwide Foundation Sioux Falls, SD PURPOSE: GENERAL OPERATING FUND | $289 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Davids Center Minnetonka, MN | $22,036,571 | $23,440,337 |
Iowa Jag Inc Des Moines, IA | $8,216,251 | $8,843,429 |
Achieve Twin Cities Minneapolis, MN | $9,710,050 | $5,735,316 |
Boys And Girls Club Of Dane County Inc Madison, WI | $16,863,189 | $11,374,930 |
Life Promotions Inc Appleton, WI | $2,405,715 | $5,603,353 |
The Sanneh Foundation Inc St Paul, MN | $8,014,398 | $5,568,906 |
Minnesota Alliance With Youth Minneapolis, MN | $2,129,148 | $3,889,585 |
Circus Of The Star St Paul, MN | $2,488,927 | $3,369,220 |
Kellogg Programs Inc Milwaukee, WI | $40,506,593 | $21,606,757 |
Juxtaposition Inc Minneapolis, MN | $8,534,205 | $7,058,900 |
Cheyenne River Youth Project Inc Eagle Butte, SD | $6,953,670 | $4,891,646 |
Hope 4 Youth Coon Rapids, MN | $3,066,603 | $1,492,363 |