Mnm Foundation is located in Walpole, MA. The organization was established in 2017. 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. Mnm 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 06/2023, Mnm Foundation generated $87.5k 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 (33.4%) each year.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Samir Desai Trustee | 1 | $0 | |
Nilima Desai Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $3,058 |
Dividends & Interest | $38,063 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $46,385 |
Capital Gain Net Income | $46,385 |
Net ST Capital Gain | $53,118 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $0 |
Total Revenue | $87,506 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $0 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $368 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $5,367 |
Total operating and administrative expenses | $5,735 |
Contributions, gifts, grants paid | $77,000 |
Total expenses and disbursements | $82,735 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $1,845 |
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 | $1,439,935 |
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 |
Over the last fiscal year, Mnm Foundation has awarded $40,015 in support to 3 organizations.
Grant Recipient | Amount |
---|---|
COLLINGS FOUNDATION PURPOSE: GENERAL SUPPORT | $7,000 |
BERKLEE COLLEGE OF MUSIC PURPOSE: GENERAL SUPPORT | $1,000 |
DESAI FOUNDATION PURPOSE: GENERAL SUPPORT | $32,015 |