M Bonnie Axthelm Charitable Foundation
- Assets
- $187.2k
- Revenue
- $20.7k
- Investments
- $185.8k
- Employees
- 0
- Location
- Westport, CT
- Founding
- 04/1997
- Data as of
- 12/2023
- EIN
- 06-6444196
Organization Overview
M Bonnie Axthelm Charitable Foundation is located in Westport, CT. The organization was established in 1997. According to its NTEE Classification (J32) the organization is classified as: Goodwill Industries, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. M Bonnie Axthelm Charitable 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, M Bonnie Axthelm Charitable Foundation generated $20.7k 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 (5.3%) each year. All expenses for the organization totaled $49.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, M Bonnie Axthelm Charitable Foundation has awarded 72 individual grants totaling $256,175. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Megan A Brown Trustee | 10 | $0 | |
Nancy Axthelm Trustee | 10 | $0 | |
Stephen Axthelm Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $12 |
| Dividends & Interest | $7,280 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $13,396 |
| Capital Gain Net Income | $8,646 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $20,688 |
| 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 | $0 |
| Total operating and administrative expenses | $4,952 |
| Contributions, gifts, grants paid | $44,250 |
| Total expenses and disbursements | $49,202 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,429 |
| 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 | $84,474 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $187,205 |
| 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, M Bonnie Axthelm Charitable Foundation has awarded $44,250 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
CENTER FOR HOPE PURPOSE: UNRESTRICTED | $7,500 |
UNITARIAN CHURCH PURPOSE: UNRESTRICTED | $2,000 |
MARQUETTE UNIVERSITY PURPOSE: UNRESTRICTED | $20,000 |
WESTPORT LIBRARY PURPOSE: UNRESTRICTED | $0 |
DIOCESE OF BRIDGEPORT PURPOSE: RESTRICTED | $0 |
UUSC PURPOSE: RESTRICTED | $0 |