Molgaard Family Foundation Inc
- Assets
- $1.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Bristol, WI
- Founding
- Data as of
- 12/2023
- EIN
- 85-1168065
Organization Overview
Molgaard Family Foundation Inc is located in Bristol, WI. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Molgaard Family 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 12/2023, Molgaard Family Foundation Inc generated $117.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (5.2%) each year. All expenses for the organization totaled $126.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
ADMINISTRATIVE EXPENSES
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jake Molgaard Director | 0 | $0 | |
Zachary Molgaard Director | 0 | $0 | |
Lindsay Molgaard Director | 0 | $0 | |
Kristin Molgaard Director | 0 | $0 | |
Daniel Molgaard Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $117,470 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $240 |
| Total Revenue | $117,710 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $750 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $41 |
| Total expenses | $126,641 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $1,407 |
| Other assets | $0 |
| Total assets | $1,407 |
| Total liabilities | $0 |
| Net assets or fund balances | $1,407 |