Mika Foundation Inc
- Assets
- $1.9m
- Revenue
- $77.2k
- Investments
- $758.9k
- Employees
- 0
- Location
- Wake Forest, NC
- Founding
- Data as of
- 12/2023
- EIN
- 87-3438359
Organization Overview
Mika Foundation Inc is located in Wake Forest, NC. 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. Mika 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, Mika Foundation Inc generated $77.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (66.8%) each year. All expenses for the organization totaled $94.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Mika Foundation Inc has awarded 27 individual grants totaling $238,112. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPLICABLE
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angela Zacherl Officer President | 8 | $45,000 | |
Joseph A Zacherl Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $59,974 |
| Dividends & Interest | $17,237 |
| 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 | $0 |
| Total Revenue | $77,211 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $45,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $765 |
| Taxes | $3,781 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $628 |
| Total operating and administrative expenses | $53,106 |
| Contributions, gifts, grants paid | $41,695 |
| Total expenses and disbursements | $94,801 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $74,277 |
| Savings and temporary cash investments | $1,021,426 |
| 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 | $2,208 |
| Total assets | $1,856,832 |
| 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, Mika Foundation Inc has awarded $41,695 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
TRIANGLE RABBITS PURPOSE: ANIMAL SHELTER | $6,340 |
POSSUMWOOD ACRES WILDLIFE SANCTUARY PURPOSE: WILDLIFE SANCTUARY | $3,840 |
ADOPT AN ANGEL PURPOSE: ANIMAL SHELTER | $3,835 |
CENTER FOR GREAT APES PURPOSE: WILD LIFE SANCTUARY | $2,501 |
BOWMANS HILL WILDFLOWER PRESERVE PURPOSE: FLOWER PRESERVE | $2,500 |
ANIMALKIND PURPOSE: ANIMAL RESCUE | $2,501 |