Arthur K Muselman Family Foundation Inc
- Assets
- $2.1m
- Revenue
- $46.8k
- Investments
- $2.0m
- Employees
- 0
- Location
- Berne, IN
- Founding
- 10/1978
- Data as of
- 12/2022
- EIN
- 31-0941468
Organization Overview
Arthur K Muselman Family Foundation Inc is located in Berne, IN. The organization was established in 1978. 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. Arthur K Muselman Family 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 12/2022, Arthur K Muselman Family Foundation Inc generated $46.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.0%) each year. All expenses for the organization totaled $175.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (7.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Arthur K Muselman Family Foundation Inc has awarded 92 individual grants totaling $1,778,945. 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 |
|---|---|---|---|
Roger C Muselman President | 1 | $0 | |
Karen E Thomas Vice Preside | 1 | $0 | |
Naomi A Muselman Secretary | 1 | $0 | |
David R Thomas Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $73,818 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$27,052 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $46,766 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,146 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $21,249 |
| Contributions, gifts, grants paid | $153,750 |
| Total expenses and disbursements | $174,999 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $43,711 |
| 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 | $34,050 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,136,724 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,106,646 |
| 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, Arthur K Muselman Family Foundation Inc has awarded $153,750 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
ALPHA MINISTRIES PURPOSE: PROGRAM SUPPORT | $5,000 |
AMERSON MUSIC MINISTRIES PURPOSE: PROGRAM SUPPORT | $5,000 |
APARTMENT LIFE PURPOSE: PROGRAM SUPPORT | $5,000 |
ASBURY THEOLOGICAL SEMINARY PURPOSE: PROGRAM SUPPORT | $5,000 |
ARISE CHURCH PURPOSE: PROGRAM SUPPORT | $5,000 |
GLOBAL DISCIPLES PURPOSE: PROGRAM SUPPORT | $15,000 |