Michael And Renee Minogue Foundation
- Assets
- $19.1m
- Revenue
- $815.8k
- Investments
- $13.1m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 07/2015
- Data as of
- 12/2023
- EIN
- 47-7045385
Organization Overview
Michael And Renee Minogue Foundation is located in Boston, MA. The organization was established in 2015. 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. Michael And Renee Minogue 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 12/2023, Michael And Renee Minogue Foundation generated $815.8k 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 (5.2%) each year. All expenses for the organization totaled $4.1m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Michael And Renee Minogue Foundation has awarded 253 individual grants totaling $7,806,226. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
NONE
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 |
|---|---|---|---|
Michael Minogue Trustee | 1 | $0 | |
Renee Minogue Trustee | 12 | $110,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $322,890 |
| Dividends & Interest | $524,982 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$32,132 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $20 |
| Total Revenue | $815,760 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $110,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $166,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,276 |
| Total operating and administrative expenses | $375,161 |
| Contributions, gifts, grants paid | $3,691,361 |
| Total expenses and disbursements | $4,066,522 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,035,609 |
| Savings and temporary cash investments | $0 |
| 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 | $13,069,668 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $19,105,277 |
| 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, Michael And Renee Minogue Foundation has awarded $3,691,361 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
BOSTON CHILDREN'S HOSPITAL PURPOSE: TO SUPPORT THE ACTIVITIES AND MISSION OF THE HOSPITAL | $375,000 |
CATHOLIC SCHOOLS FOUNDATION PURPOSE: TO SUPPORT CATHOLIC SCHOOL EDUCATION. | $150,000 |
COMPASSION INTERNATIONAL PURPOSE: TO SUPPORT CHILDREN AND THE CHURCH. | $456 |
COVENANT CHRISTIAN ACADEMY PURPOSE: TO SUPPORT CHRISTIAN EDUCATION. | $92,875 |
HOLY SPIRIT PARISH & SCHOOL PURPOSE: TO SUPPORT THE ACTIVITIES OF THE PARISH & SCHOOL. | $1,000 |
LAWRENCE CATHOLIC ACADEMY PURPOSE: TO SUPPORT THE EDUCATIONAL ACTIVITIES OF THE ACADEMY. | $500,000 |