Manning Foundation Inc
- Assets
- $1.7m
- Revenue
- $980.3k
- Investments
- $1.5m
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 06/2019
- Data as of
- 06/2022
- EIN
- 83-2967695
Organization Overview
Manning Foundation Inc is located in Louisville, KY. The organization was established in 2019. 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. Manning 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.
For the year ending 06/2022, Manning Foundation Inc generated $980.3k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 49.7% each year . All expenses for the organization totaled $199.0k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John S Lueken Secretary | 2 | $4,000 | |
Mary K Clift Treasurer | 2 | $4,000 | |
Brice Westhusing Vice Preside | 2 | $4,000 | |
E Daniel Clift President | 2 | $4,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $925,500 |
| Interest on Savings | $10 |
| Dividends & Interest | $41,929 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $12,873 |
| Capital Gain Net Income | $12,873 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $980,312 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $16,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,078 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $500 |
| Total operating and administrative expenses | $56,472 |
| Contributions, gifts, grants paid | $142,500 |
| Total expenses and disbursements | $198,972 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $209 |
| Savings and temporary cash investments | $251,596 |
| 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 | $1,731,760 |
| 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, Manning Foundation Inc has awarded $142,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
SCHWAB CHARITABLE FUND PURPOSE: SUPPORTING MISSION OF THE FOUNDATION | $60,000 |
SCHWAB CHARITABLE FUND PURPOSE: SUPPORTING MISSION OF THE FOUNDATION | $7,500 |
SCHWAB CHARITABLE FUND PURPOSE: SUPPORTING MISSION OF THE FOUNDATION | $75,000 |