Mother Lode Foundation Inc
- Assets
- $307.1k
- Revenue
- $2.8k
- Investments
- $275.6k
- Employees
- 0
- Location
- Auburn, CA
- Founding
- 06/1955
- Data as of
- 12/2023
- EIN
- 94-1480593
Organization Overview
Mother Lode Foundation Inc is located in Auburn, CA. The organization was established in 1955. 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. Mother Lode 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, Mother Lode Foundation Inc generated $2.8k 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 (30.1%) each year. All expenses for the organization totaled $21.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Mother Lode Foundation Inc has awarded 46 individual grants totaling $139,584. 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
THE MOTHER LODE FOUNDATION PROVIDES GRANTS TO ORGANIZATIONS AND INDIVIDUALS IN SUPPORT OF HUMAN SERVICE NEEDS AND ACTIVITIES WTHIN PLACER COUNTY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicholas Willick President | 1 | $0 | |
Fred Vitas Vice President | 1 | $0 | |
Don Ferretti Secretary | 1 | $0 | |
Bridget Powers Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000 |
| Interest on Savings | $262 |
| Dividends & Interest | $11,414 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$9,964 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $201 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $50 |
| Total Revenue | $2,762 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $642 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,366 |
| Total operating and administrative expenses | $7,858 |
| Contributions, gifts, grants paid | $13,556 |
| Total expenses and disbursements | $21,414 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $153 |
| Savings and temporary cash investments | $31,425 |
| 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 | $90,897 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $307,148 |
| 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, Mother Lode Foundation Inc has awarded $13,556 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
THE GATHERING INN PURPOSE: FINANCIAL SUPPORT FOR HOMELESS IN PLACER CTY | $3,000 |
AUBURN RECREATION DIST PURPOSE: PROVIDE FUNDS FOR UPKEEP & IMPROVE PARK LAND | $3,500 |
CHRISTMAS CHARITY PROGRAM PURPOSE: PROVIDE FOOD & TOYS AT CHRISTMAS FOR THE NEEDY | $5,917 |
BARBARA COWLEY PURPOSE: TO HELP A NEEDY PERSON WITH HER CAR REPAIR | $1,139 |