M3 Insurance Foundation Inc
- Assets
- $863.3k
- Revenue
- $457.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Madison, WI
- Founding
- 02/2016
- Data as of
- 12/2022
- EIN
- 47-4842422
Organization Overview
M3 Insurance Foundation Inc is located in Madison, WI. The organization was established in 2016. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. M3 Insurance 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 12/2022, M3 Insurance Foundation Inc generated $457.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 45.5% each year . All expenses for the organization totaled $527.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, M3 Insurance Foundation Inc has awarded 151 individual grants totaling $1,309,170. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
(SEE SCHEDULE O)THE FOUNDATION WAS ORGANIZED TO PROMOTE THE CHARITABLE ATTITUDES OF THE EMPLOYEES AT M3 SOLUTIONS, INC. THE FOUNDATION WILL FOCUS ON THE AREAS OF HEALTH CARE, SAFETY IMPROVEMENT, CATASTROPHIC EVENT RELIEF, FINANCIAL EDUCATION AND LITERACY, AND THE PROMOTION OF CAREERS IN THE INSURANCE INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION DONATES TO LOCAL ORGANIZATIONS FOCUSING ON HEALTH CARE, SAFETY IMPROVEMENT, CATASTROPHIC EVENT RELIEF, FINANCIAL EDUCATION AND LITERACY, AND THE PROMOTION OF CAREERS IN THE INSURANCE INDUSTRY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bec Kurzynske Director | Trustee | 0.6 | $0 |
Candice Roth Director | Trustee | 0.6 | $0 |
Jesse Maas Director | Trustee | 0.6 | $0 |
Kelsey Stacks Director | Trustee | 0.6 | $0 |
Danae Dorsey Termed In 22 Director | Trustee | 0.6 | $0 |
Amber Seitz Director | Trustee | 0.6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $454,569 |
| Noncash contributions included in lines 1a–1f | $49,704 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $454,569 |
| Total Program Service Revenue | $0 |
| Investment income | $6,384 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,065 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $457,888 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $511,070 |
| Grants and other assistance to domestic individuals. | $1,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,945 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,728 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $594 |
| All other expenses | $0 |
| Total functional expenses | $527,724 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $529,222 |
| 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 | $334,108 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $863,330 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $300,167 |
| Deferred revenue | $200,000 |
| 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 | $500,167 |
| Net assets without donor restrictions | $363,163 |
| 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 | $863,330 |
Grants Awarded
Over the last fiscal year, M3 Insurance Foundation Inc has awarded $463,070 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
UNITED WAY OF DANE COUNTY PURPOSE: GENERAL SUPPORT | $35,000 |
MACC FUND PURPOSE: GENERAL SUPPORT | $22,500 |
EDGEWOOD COLLEGE PURPOSE: GENERAL SUPPORT | $25,000 |
HABITAT FOR HUMANITY OF DANE COUNTY PURPOSE: GENERAL SUPPORT | $15,000 |
UNITED LUTHERAN PROGRAM FOR THE AGING INC PURPOSE: GENERAL SUPPORT | $15,000 |
BOYS & GIRLS OF GREATER CHIPPEWA VALLEY PURPOSE: GENERAL SUPPORT | $6,000 |