Mainsl Foundation
- Assets
- $1.4m
- Revenue
- $88.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Brooklyn Park, MN
- Founding
- Data as of
- 12/2023
- EIN
- 87-4173823
Organization Overview
Mainsl Foundation is located in Brooklyn Park, 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. Mainsl 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 12/2023, Mainsl Foundation generated $88.4k 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 (58.1%) each year. All expenses for the organization totaled $149.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Teresa Carol Williams Director | 1 | $0 | |
John Walter Jakway Iiii Director | 1 | $0 | |
Austa Andreen Jakway Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $82,352 |
| Interest on Savings | $0 |
| Dividends & Interest | $6,036 |
| 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 | $88,388 |
| 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 | $8,425 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $176 |
| Total operating and administrative expenses | $11,489 |
| Contributions, gifts, grants paid | $137,500 |
| Total expenses and disbursements | $148,989 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $439,230 |
| Savings and temporary cash investments | $1,000,000 |
| 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 | $1,439,230 |
| 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, Mainsl Foundation has awarded $137,500 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
5 STONE MEDIA GROUP PURPOSE: GENERAL SUPPORT | $7,500 |
ALEXANDRA HOUSE INC PURPOSE: GENERAL SUPPORT | $2,500 |
ARC MINNESOTA PURPOSE: GENERAL SUPPORT | $25,000 |
H2O FOR LIFE PURPOSE: GENERAL SUPPORT | $12,500 |
IMPACTLIVES INC PURPOSE: GENERAL SUPPORT | $2,500 |
MATTER PURPOSE: GENERAL SUPPORT | $25,000 |