Mlrc Foundation
- Assets
- $1.4m
- Revenue
- $139.6k
- Investments
- $1.4m
- Employees
- 0
- Location
- Maple Lake, MN
- Founding
- 03/2013
- Data as of
- 12/2022
- EIN
- 80-0873112
Organization Overview
Mlrc Foundation is located in Maple Lake, MN. The organization was established in 2013. According to its NTEE Classification (F22) the organization is classified as: Substance Abuse Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mlrc 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 12/2022, Mlrc Foundation generated $139.6k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 25.7% each year . All expenses for the organization totaled $482.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CONTRIBUTING AND PROVIDING FINANCIAL SUPPORT FOR ADOLESCENTS WITH SUBSTANCE ABUSE DISORDERS SO THAT THEY MAY PARTICIPATE IN RECOVERY PROGRAMS AND SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FINANCIAL SUPPORT FOR RECIPIENTS OF YOUTH SUBSTANCE ABUSE RECOVERY PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Happ CFO | 1 | $0 | |
Dan Tveite Board Member | 1 | $0 | |
John Kostouros Board Member | 1 | $0 | |
Bill Gullicksen President | 1 | $0 | |
Scott Schwab Board Member | 1 | $0 | |
Butch Donahue Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $12,014 |
| Dividends & Interest | $39,167 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $88,416 |
| Capital Gain Net Income | $88,416 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $139,597 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,393 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $22,946 |
| Contributions, gifts, grants paid | $460,000 |
| Total expenses and disbursements | $482,946 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,674 |
| Savings and temporary cash investments | $19,266 |
| 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 | $1,407,204 |
| 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 |