Mankato Endowment Association Inc
- Assets
- $907.9k
- Revenue
- $54.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Mankato, KS
- Founding
- 03/1965
- Data as of
- 12/2021
- EIN
- 48-0697426
Organization Overview
Mankato Endowment Association Inc is located in Mankato, KS. The organization was established in 1965. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Mankato Endowment Association 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 12/2021, Mankato Endowment Association Inc generated $54.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.8%) each year. All expenses for the organization totaled $91.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.5%) per year over the past 7 years. 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
SCHOLARSHIPS AND COMMUNITY HELP
Describe the Organization's Program Activity:
Part 3 - Line 4a
HIGHER EDUCATION SCHOLARSHIPS $ 65,195JEWELL COUNTY HOSPITAL $ 10,000 ENTREPRENEURSHIP & ROZ FUND $ 3,000SOLOMON VALLEY TRANSPORTATION $ 1,000MANKATO POOL PROJECT $ 2,770MANKATO HELPING HANDS $ 8,000ROCK HILLS HIGH SCHOOL BANNERS $ 882
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Autumn Loomis Secretarytreasurer | Officer | 5 | $0 |
Christina Jeffery President | Officer | 0 | $0 |
Jason Ortman Trustee | Trustee | 0 | $0 |
Brian R Shulda Trustee | Trustee | 0 | $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 | $42,922 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $42,922 |
| Total Program Service Revenue | $0 |
| Investment income | $11,111 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $54,033 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,652 |
| Grants and other assistance to domestic individuals. | $65,195 |
| 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 | $350 |
| 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 | $63 |
| 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 | $40 |
| Total functional expenses | $91,300 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,048 |
| Savings and temporary cash investments | $900,874 |
| 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 | $907,922 |
| 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 | $0 |
| 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 | $907,922 |
| Total liabilities and net assets/fund balances | $907,922 |
Grants Awarded
Over the last fiscal year, Mankato Endowment Association Inc has awarded $14,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
JEWELL COUNTY HOSPITAL | | | $10,000 |
JEWELL COUNTY ROZ FUND | | | $3,000 |
Beloit, KS | | $1,000 |
Mankato, KS | | $0 |
Mankato, KS | | $0 |
CITY OF ESBON | | | $0 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mankato Endowment Association Inc has recieved totaling $1,500.
| Awarding Organization | Amount |
|---|---|
Land O L Foundation St Paul, MN PURPOSE: MEMBER CO-OP MATCHES | $1,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Caring For Colorado Centennial Fund Denver, CO | $31,808,788 | $10,829,484 |
Business Technology Career Opportunities Inc Wichita, KS | $9,779,338 | $4,681,972 |
Barton Institute For Community Action Denver, CO | $34,619,921 | $16,322,072 |
Jefferson City Parks And Recreation Foundation Jefferson City, MO | $842,423 | $291,038 |
Dreiseszun Family Foundation Overland Park, KS | $64,188,669 | $5,783,291 |
Marvin And Virgina Schmid Foundation Bellevue, NE | $28,131,628 | $2,731,281 |
The Enrichment Foundation Omaha, NE | $53,133,352 | $2,887,034 |
Colorado State Patrol Family Foundation Lakewood, CO | $3,544,334 | $2,358,520 |
Youth Learning Center St Louis, MO | $2,909,307 | $1,332,334 |
Paz Family Foundation Clayton, MO | $18,321,417 | $3,334,380 |
Ozarks Technical Community College Foundation Springfield, MO | $14,300,820 | $6,624,207 |
Hale Family Foundation Tulsa, OK | $20,115,804 | $847,493 |