The Mk Owens Foundation
- Assets
- $61.5k
- Revenue
- $2.7k
- Investments
- $58.0k
- Employees
- 0
- Location
- Scottsdale, AZ
- Founding
- 04/2002
- Data as of
- 12/2022
- EIN
- 86-1011670
Organization Overview
The Mk Owens Foundation is located in Scottsdale, AZ. The organization was established in 2002. 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. Mk Owens 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 12/2022, Mk Owens Foundation generated $2.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (30.0%) each year. All expenses for the organization totaled $9.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mk Owens Foundation has awarded 34 individual grants totaling $113,602. 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 |
|---|---|---|---|
Michael L Owens President | 0.5 | $0 | |
Kristin K Owens Vice President | 0.5 | $0 | |
Jennifer Owens Secretary | 0.5 | $0 | |
Brent Owens Treasurer | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,012 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$832 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $552 |
| Total Revenue | $2,732 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $65 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,082 |
| Total operating and administrative expenses | $3,527 |
| Contributions, gifts, grants paid | $5,850 |
| Total expenses and disbursements | $9,377 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,444 |
| 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 | $1,082 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $61,524 |
| Accounts payable and accrued expenses | $49 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $75 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $124 |
Grants Awarded
Over the last fiscal year, The Mk Owens Foundation has awarded $5,850 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
BROADCASTERS FOUNDATION OF AMERICA PURPOSE: HELP BROADCASTERS IN TIME OF NEED | $2,000 |
HOUSE OF BROADCASTING PURPOSE: SUPPORT THE TELEVISION AND BROADCASTING MUSEUM | $2,635 |
FEED OUR NATIONS PURPOSE: TRIP TO GAMBELLA, ETHIOPIA TO BUILD THE GUEST HOUSES FOR IN-NEED FAMILIES. | $200 |
AMERICAN CANCER SOCIETY PURPOSE: SUPPORT CURRENT CANCER PATIENTS AS WELL AS VARIOUS PROGRAMS FOR CANCER SURVIVORS. | $500 |
HE INTENDS VICTORY PURPOSE: CONTRIBUTE TO THOSE INFECTED AND AFFECTED BY HIV/AIDS. | $515 |