Mikkelson Foundation
- Assets
- $2.1m
- Revenue
- $250.1k
- Investments
- $1.2m
- Employees
- 0
- Location
- Monument, CO
- Founding
- 01/2000
- Data as of
- 09/2024
- EIN
- 84-1519112
Organization Overview
Mikkelson Foundation is located in Monument, CO. The organization was established in 2000. 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. Mikkelson 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 09/2024, Mikkelson Foundation generated $250.1k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 42.5% each year . All expenses for the organization totaled $102.3k during the year ending 09/2024. While expenses have increased by 4.8% per year over the past 5 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.
Since 2020, Mikkelson Foundation has awarded 117 individual grants totaling $655,963. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLEGE SCHOLARSHIPS FOR 11 STUDENTSS
SCINECE EQUIPMENT GRANTS FOR ELEMENTARY SCHOOLS 11 SCHOOLS SUPPORTED
CHALLENGER LEARNING CENTER SUMMER PROGRAMS SUPPORT FOR TEACHERS AND STUDENTS
ELEMENTARY SCHOOL SCIENCE FAIR COLORADO SPRINGS SCHOOL DISTRICT 11
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James M Mikkelson President Treasurer | 4 | $0 | |
Ronald Furstenau Vice President | 1 | $0 | |
Cathleen M Mikkelson Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $190,090 |
| Interest on Savings | $14,064 |
| Dividends & Interest | $56,902 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$11,365 |
| Capital Gain Net Income | $178,614 |
| Net ST Capital Gain | $178,614 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $412 |
| Total Revenue | $250,103 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,750 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $573 |
| Total operating and administrative expenses | $9,951 |
| Contributions, gifts, grants paid | $92,398 |
| Total expenses and disbursements | $102,349 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $653 |
| Savings and temporary cash investments | $937,566 |
| 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 | $2,137,455 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $90,000 |
| 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 | $90,000 |
Grants Awarded
Over the last fiscal year, Mikkelson Foundation has awarded $137,399 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
NORTH MESA ELEMENTARY PURPOSE: SCIENCE EQUIPMENT | $3,025 |
MCAULIFFE ELEMENTARY SCHOOL PURPOSE: SCIENCE EQUIPMENT | $220 |
BRISTOL ELEMENTARY SCHOOL PURPOSE: SCIENCE EQUIPMENT | $2,293 |
FOOTHILLS ELEMENTARY SCHOOL PURPOSE: SCIENCE EQUIPMENT | $3,549 |
DISTRICT 20 SCIENCE CENTER PURPOSE: SCIENCE EQUIPMENT | $1,647 |
SPRINGS RANCH ELEMENTARY SCHOOL PURPOSE: SCIENCE EQUIPMENT | $3,400 |