Melvin R Mooty & Sally R Mooty Foundation
- Assets
- $1.1m
- Revenue
- $119.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Edina, MN
- Founding
- Data as of
- 12/2022
- EIN
- 86-3633647
Organization Overview
Melvin R Mooty & Sally R Mooty Foundation is located in Edina, MN. 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. Melvin R Mooty & Sally R Mooty 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, Melvin R Mooty & Sally R Mooty Foundation generated $119.7k 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 (68.3%) each year. All expenses for the organization totaled $243.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Melvin R Mooty & Sally R Mooty Foundation has awarded 14 individual grants totaling $235,524. 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 |
|---|---|---|---|
Paul R Mooty Trustee | 0.25 | $0 | |
Jean Mooty Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $416 |
| Interest on Savings | $268 |
| Dividends & Interest | $2,841 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $116,195 |
| Capital Gain Net Income | $116,195 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $119,720 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,561 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $8,218 |
| Contributions, gifts, grants paid | $235,524 |
| Total expenses and disbursements | $243,742 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2 |
| Savings and temporary cash investments | $25,167 |
| 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 | $1,040,798 |
| Total assets | $1,065,967 |
| 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 | $5,000 |
| Total liabilities | $5,000 |
Grants Awarded
Over the last fiscal year, Melvin R Mooty & Sally R Mooty Foundation has awarded $235,524 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
EDINA CHAMBER OF COMMERCE PURPOSE: INNOVATION LAB | $100,000 |
GREATER TWIN CITIES UNITED WAY PURPOSE: GENERAL OPERATING | $10,524 |
UNIVERSITY OF MINNESOTA FOUNDATION PURPOSE: ATHLETICS | $10,000 |
EDINA COMMUNITY FOUNDATION PURPOSE: GENERAL OPERATING | $3,000 |
SALVATION ARMY PURPOSE: GENERAL OPERATING | $1,000 |
GIANNA HOMES PURPOSE: GENERAL OPERATING | $5,000 |