M & M Foundation Inc
- Assets
- $17.3m
- Revenue
- $881.6k
- Investments
- $10.7m
- Employees
- 0
- Location
- Menominee, MI
- Founding
- 09/2019
- Data as of
- 12/2021
- EIN
- 83-4140310
Organization Overview
M & M Foundation Inc is located in Menominee, MI. The organization was established in 2019. According to its NTEE Classification (T30) the organization is classified as: Public 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. M & M 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 12/2021, M & M Foundation Inc generated $881.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (67.4%) each year. All expenses for the organization totaled $2.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, M & M Foundation Inc has awarded 69 individual grants totaling $8,446,370. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Hofer Executive Director | 15 | $44,172 | |
Edward Harding Chairperson; Director | 1 | $0 | |
Terri Derusha Vice-Chair; Director (through August) | 0.2 | $0 | |
Marc Jamo Secretary; Director | 0.1 | $0 | |
Greta Hodge Treasurer; Director | 0.2 | $0 | |
Dan Cook Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $15,299 |
| Interest on Savings | $17,430 |
| Dividends & Interest | $294,179 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $552,670 |
| Capital Gain Net Income | $552,670 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,029 |
| Total Revenue | $881,607 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $44,172 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $9,677 |
| Travel, conferences, and meetings | $332 |
| Printing and publications | $0 |
| Other expenses | $19,035 |
| Total operating and administrative expenses | $131,341 |
| Contributions, gifts, grants paid | $2,260,540 |
| Total expenses and disbursements | $2,391,881 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,644,492 |
| 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 | $17,325,027 |
| 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, M & M Foundation Inc has awarded $2,260,540 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
AURORA MEDICAL CENTER-BAY AREA PURPOSE: HOSPITAL OPERATIONS | $2,047,602 |
Menominee, MI PURPOSE: TO PROVIDE A SOCIAL EMOTIONAL BEHAVIORAL LEARNING STAFF MEMBER ON STAFF AT THE DAR TO HELP MEET THE SOCIAL/EMOTIONAL AND BEHAVIORAL NEEDS OF THE CHILDREN IN DAR PROGRAMMING AND TO PROVIDE THE DAR WITH THE OPPORTUNITY TO CONTRACT NORTH POINTE BEHAVIORAL CENTER'S SOCIAL BEHAVIORAL COUNSELING FOR THE CHILDREN IN DAR PROGRAMMING. | $35,000 |
CASA BROWN COUNTYMARINETTE COUNTY PURPOSE: TO TRAIN ADDITIONAL COURT APPOINTED SPECIAL ADVOCATES THAT PROVIDE FREE SERVICES TO CHILDREN IN FOSTER CARE AND UNDER THE SUPERVISION OF THE COURT DUE TO NO FAULT OF THEIR OWN IN MARINETTE COUNTY. | $21,000 |
Menominee, MI PURPOSE: TO TRAIN ADDITIONAL COURT APPOINTED SPECIAL ADVOCATES THAT PROVIDE FREE SERVICES TO CHILDREN IN FOSTER CARE AND UNDER THE SUPERVISION OF THE COURT DUE TO NO FAULT OF THEIR OWN IN MENOMINEE COUNTY. | $19,250 |
HEALTHY YOUTH COALITION PURPOSE: TO CONTINUE SUBSTANCE ABUSE PREVENTION PROGRAMMING IN MARINETTE AND MENOMINEE SCHOOLS. | $15,000 |
Crivitz, WI PURPOSE: TO PROVIDE WEEKLY, HEALTHY SNACKS AS WELL AS NUTRITION EDUCATION TO THE STUDENTS OF CRIVITZ ELEMENTARY SCHOOL. | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Communtiy Foundation Of The Holland Zeeland Area Holland, MI | $102,848,837 | $16,439,772 |
Comerica Charitable Tr Detroit, MI | $75,789,432 | $13,296,605 |
New Albany Community Foundation New Albany, OH | $19,894,351 | $7,914,986 |
Porter County Government Charitable Nonprofit Foundation Inc Valparaiso, IN | $195,277,590 | $7,720,193 |
The Wayne And Joan Webber Foundation Clinton Township, MI | $34,958,708 | $9,275,748 |
United Way Of Greater Stark County Inc Canton, OH | $15,976,372 | $6,358,831 |
Steve Stricker American Family Insurance Foundation Inc Madison, WI | $5,745,517 | $4,719,862 |
Licking County Foundation Newark, OH | $148,770,755 | $12,459,784 |
Hope Gospel Mission Inc Eau Claire, WI | $10,860,307 | $6,194,588 |
Detroit Childrens Fund Detroit, MI | $4,764,612 | $6,678,705 |
Foundations Of East Chicago Inc East Chicago, IN | $37,687,185 | $5,519,397 |
Sisters Of Charity Foundation Of South Carolina Cleveland, OH | $112,898,417 | $3,663,141 |