Mitch Thune Memorial Foundation Inc
- Assets
- $55.2k
- Revenue
- $46.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Le Sueur, MN
- Founding
- Data as of
- 12/2023
- EIN
- 87-1443632
Organization Overview
Mitch Thune Memorial Foundation Inc is located in Le Sueur, MN. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mitch Thune Memorial 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, Mitch Thune Memorial Foundation Inc generated $46.4k 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 (5.3%) each year. All expenses for the organization totaled $32.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (20.8%) per year over the past 2 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDATION HOSTS AN ANNUAL CHARITY GOLF TOURNAMENT TO RAISE FUNDS FOR HIGH SCHOOL SCHOLARSHIPS AND SJU RUGBY CLUB BLUE COAT SOCIETY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kent Thune Director | 2 | $0 | |
Kathy Thune Director | 2 | $0 | |
Daniel Fahning Director | 2 | $0 | |
Amy Melby Director | 2 | $0 | |
Matthew Thune Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $402 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $46,017 |
| Total Revenue | $46,419 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $23,111 |
| Total operating and administrative expenses | $23,636 |
| Contributions, gifts, grants paid | $8,410 |
| Total expenses and disbursements | $32,046 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,153 |
| Savings and temporary cash investments | $0 |
| 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 | $55,153 |
| 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, Mitch Thune Memorial Foundation Inc has awarded $8,410 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
DOLLARS FOR SCHOLARS PURPOSE: SCHOLARSHIP | $3,000 |
LSH SKI CLUB PURPOSE: DONATION | $210 |
JONI GOROSKI PURPOSE: GRANT | $1,200 |
BRYAN SKAVNAK PURPOSE: GRANT | $3,000 |
SJU RUGBY PURPOSE: DONATION | $1,000 |