Merrill & Patricia Kirschcharitable Foundation
- Assets
- $613.8k
- Revenue
- $17.7k
- Investments
- $580.5k
- Employees
- 0
- Location
- Waconia, MN
- Founding
- 07/2007
- Data as of
- 12/2023
- EIN
- 20-8105609
Organization Overview
Merrill & Patricia Kirschcharitable Foundation is located in Waconia, MN. The organization was established in 2007. 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. Merrill & Patricia Kirschcharitable 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, Merrill & Patricia Kirschcharitable Foundation generated $17.7k 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 (34.6%) each year. All expenses for the organization totaled $45.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Merrill & Patricia Kirschcharitable Foundation has awarded 30 individual grants totaling $164,000. 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 |
|---|---|---|---|
Patrick L Kirsch President, Director | 1 | $0 | |
Anthony A Kirsch Treasurer, Director | 1 | $0 | |
Catherine A Seck Secretary, Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $14,692 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,983 |
| Capital Gain Net Income | $2,984 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $17,675 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $958 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,236 |
| Total operating and administrative expenses | $10,179 |
| Contributions, gifts, grants paid | $35,500 |
| Total expenses and disbursements | $45,679 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,301 |
| Savings and temporary cash investments | $9,052 |
| 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 | $580,477 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $613,830 |
| 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, Merrill & Patricia Kirschcharitable Foundation has awarded $35,500 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
CATHOLIC SCHOOLS CENTER OF EXCELLENCE PURPOSE: GENERAL CHARITABLE PURPOSES | $2,000 |
FR GREG SCHAFFER CO ARCHDIOCESE OF ST PAUL AND MINNEAPOLIS PURPOSE: GENERAL CHARITABLE PURPOSES | $3,500 |
MAYO CLINIC PURPOSE: GENERAL CHARITABLE PURPOSES | $500 |
HOLY FAMILY CATHOLIC HIGH SCHOOL PURPOSE: GENERAL CHARITABLE PURPOSES | $5,000 |
TUNNELS TO TOWERS PURPOSE: GENERAL CHARITABLE PURPOSES | $2,000 |
ST JOSEPH CATHOLIC SCHOOL PURPOSE: GENERAL CHARITABLE PURPOSES | $5,500 |