Miner Charitable Foundation Inc
- Assets
- $3.3m
- Revenue
- $3.0m
- Investments
- $1.1m
- Employees
- 0
- Location
- Watseka, IL
- Founding
- 08/2003
- Data as of
- 12/2023
- EIN
- 51-0476676
Organization Overview
Miner Charitable Foundation Inc is located in Watseka, IL. The organization was established in 2003. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Miner Charitable 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.
Since 2015, Miner Charitable Foundation Inc has awarded 1,040 individual grants totaling $1,756,790. 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
DIRECT ASSISTANCE TO OTHER ORGANIZATIONS. DIRECT ASSISTANCE WAS PROVIDED TO 21 OTHER ORGANIZATIONS IN 2023.
SCHOLARSHIP PROGRAM: DIRECT GRANTS TO STUDENTS AND ORGANIZATIONS ON BEHALF OF STUDENTS, FOR POST-SECONDARY EDUCATION. DIRECT ASSISTANCE TO 25 STUDENTS IN 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darrin Fischer President | 10 | $37,500 | |
Charles Hopskins Secretary | 2 | $7,000 | |
Michael Dooley Director | 2 | $17,000 | |
Julie Fischer Director | 2 | $25,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $35 |
| Dividends & Interest | $26,495 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$3,933 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,954,708 |
| Total Revenue | $2,977,305 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $86,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $8,389 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $186 |
| Total operating and administrative expenses | $139,918 |
| Contributions, gifts, grants paid | $758,100 |
| Total expenses and disbursements | $898,018 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,216,655 |
| Savings and temporary cash investments | $1,000,000 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,288,595 |
| 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, Miner Charitable Foundation Inc has awarded $758,100 in support to 46 organizations.
| Grant Recipient | Amount |
|---|---|
TIMOTHY ANDERSON PURPOSE: SCHOLARSHIP | $1,000 |
TY BERRY PURPOSE: SCHOLARSHIP | $1,000 |
ADDISON EDWARDS PURPOSE: SCHOLARSHIP | $1,000 |
TEAGAN CAWTHON PURPOSE: SCHOLARSHIP | $1,000 |
MITCHELL GALYEN PURPOSE: SCHOLARSHIP | $1,000 |
MADISON HARDWICK PURPOSE: SCHOLARSHIP | $1,000 |