Mble Foundation
- Assets
- $4.1m
- Revenue
- $114.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Renville, MN
- Founding
- 07/2016
- Data as of
- 12/2022
- EIN
- 81-2743272
Organization Overview
Mble Foundation is located in Renville, MN. The organization was established in 2016. 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. Mble 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, Mble Foundation generated $114.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (44.7%) each year. All expenses for the organization totaled $365.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Mble Foundation has awarded 82 individual grants totaling $863,000. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MBLE FOUNDATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION (C)(2) AND 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FOUNDATION WILL MAKE GRANTS AND DONATIONS TO SUPPORT 501(C)(3) PUBLICLY SUPPORTED ORGANIZATIONS, CHURCHES, AND COMMUNITY BASED GOVERNMENT ORGANIZATIONS IN RURAL MINNESOTA. PROGRAM INTERESTS INCLUDE IMPROVING THE QUALITY OF LIFE IN RURAL MINNESOTA COMMUNITIES, REGIONAL COMMUNITY DEVELOPMENT, AND YOUTH DEVELOPMENT. THE FOUNDATION WILL PURSUE THESE INTERESTS THROUGH FUNDING THE PROJECTS AND ACTIVITIES OF QUALIFYING ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jill Marcus Chairman | 7 | $73,750 | |
Dawn Mertens Secretary/tr | 2 | $63,750 | |
Lauren Marcus Vice-Chair | 2 | $63,750 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6,150 |
| Dividends & Interest | $91,452 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $16,815 |
| Capital Gain Net Income | $16,815 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $114,417 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $201,250 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $14,267 |
| Interest | $0 |
| Taxes | $3,294 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $480 |
| Total operating and administrative expenses | $249,965 |
| Contributions, gifts, grants paid | $115,000 |
| Total expenses and disbursements | $364,965 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $186,680 |
| Savings and temporary cash investments | $3,948,435 |
| 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 | $2,500 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $5 |
| Total assets | $4,137,620 |
| 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, Mble Foundation has awarded $115,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
RENVILLE COUNTY WALK IN THE PARK PURPOSE: MAINTENANCE | $7,500 |
SACRED HEART FIRE DEPT PURPOSE: EQUIPMENT | $100,000 |
SACRED HEART FIRE DEPT PURPOSE: BENEFIT | $5,000 |
BACK THE PACK PURPOSE: BACK THE PACK | $2,500 |