Mlrc Foundation
- Assets
- $1.7m
- Revenue
- $198.9k
- Investments
- $1.5m
- Employees
- 0
- Location
- Maple Lake, MN
- Founding
- 03/2013
- Data as of
- 12/2021
- 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 12/2021, Mlrc Foundation generated $198.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 36.7% each year . All expenses for the organization totaled $367.3k during the year ending 12/2021. While expenses have increased by 40.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2021
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 Director | 1 | $0 | |
Dan Tveite Sec/treas | 1 | $0 | |
John Donahue Director | 1 | $0 | |
John Kostouros Director | 1 | $0 | |
Bill Gullicksen President | 1 | $0 | |
Scott Schwab Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $13,385 |
| Dividends & Interest | $35,424 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $150,115 |
| Capital Gain Net Income | $150,115 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $198,924 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $356 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $27,317 |
| Contributions, gifts, grants paid | $340,000 |
| Total expenses and disbursements | $367,317 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $177,047 |
| Savings and temporary cash investments | $11,659 |
| 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 | $1,737,249 |
| 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 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nu-Way House Inc Minneapolis, MN | $41,535,538 | $48,907,875 |
Area Substance Abuse Council Cedar Rapids, IA | $11,919,914 | $12,188,379 |
Tubman Minneapolis, MN | $17,800,603 | $11,842,964 |
Reverence For Life & Concern For People Inc Granite Falls, MN | $32,754,729 | $12,373,698 |
Center For Alcohol & Drug Treatment Inc Duluth, MN | $7,223,543 | $9,794,445 |
Heartview Foundation Bismarck, ND | $12,961,123 | $10,576,696 |
Prelude Behavioral Services Iowa City, IA | $7,107,907 | $7,728,524 |
Mooring Programs Incorporated Neenah, WI | $2,098,833 | $6,922,837 |
House Of Mercy Des Moines, IA | $3,800,476 | $8,298,538 |
Minnesota Indian Primary Residental Treatment Center Inc Sawyer, MN | $12,554,536 | $7,543,605 |
Nuway Recovery Foundation Minneapolis, MN | $2,836,058 | $6,551,015 |
Share House Inc Fargo, ND | $8,286,212 | $7,856,343 |