Mardi Gras Fund
- Assets
- $1.6m
- Revenue
- $82.9k
- Investments
- $317.2k
- Employees
- 0
- Location
- Ann Arbor, MI
- Founding
- 05/1996
- Data as of
- 12/2023
- EIN
- 05-0464995
Organization Overview
Mardi Gras Fund is located in Ann Arbor, MI. The organization was established in 1996. 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. Mardi Gras Fund 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, Mardi Gras Fund generated $82.9k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $56.7k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (6.5%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mardi Gras Fund has awarded 145 individual grants totaling $547,813. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margaret L Northrup President | 0 | $0 | |
Robert Northrup Jr Treasurer | 0 | $0 | |
Anne L Northrup Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $481 |
| Dividends & Interest | $9,023 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $22,011 |
| Capital Gain Net Income | $22,011 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $51,338 |
| Total Revenue | $82,853 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $8,647 |
| Taxes | $987 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $14,670 |
| Contributions, gifts, grants paid | $42,000 |
| Total expenses and disbursements | $56,670 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $26,084 |
| 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 | $1,273,422 |
| Total assets | $1,616,692 |
| 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 | $165,862 |
| Other liabilities | $0 |
| Total liabilities | $165,862 |
Grants Awarded
Over the last fiscal year, Mardi Gras Fund has awarded $42,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
ALBANY PARK THEATRE PROJECT PURPOSE: GENERAL SUPPORT | $4,000 |
CHICAGO JAZZ PHILHARMONIC PURPOSE: GENERAL SUPPORT | $3,000 |
HANDS ON SPORTS FOUNDATION INC PURPOSE: GENERAL SUPPORT | $3,000 |
GIRLS GROUP PURPOSE: GENERAL SUPPORT | $3,000 |
CHICAGO DANZTHEATRE ENSEMBLE PURPOSE: GENERAL SUPPORT | $3,000 |
UNIVERSITY MUSICAL SOCIETY PURPOSE: GENERAL SUPPORT | $3,000 |