Mutual Federal Savings Bank Charitable Foundation Inc

Organization Overview

Mutual Federal Savings Bank Charitable Foundation Inc is located in Muncie, IN. The organization was established in 1999. 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. Mutual Federal Savings Bank Charitable 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 06/2021, Mutual Federal Savings Bank Charitable Foundation Inc generated $387.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $378.6k during the year ending 06/2021. While expenses have increased by 5.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Mutual Federal Savings Bank Charitable Foundation Inc has awarded 354 individual grants totaling $3,868,750. 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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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $89
Dividends & Interest $386,905
Profit on Inventory Sales $0
Other Income $0
Total Revenue $386,994

Grants Awarded

Over the last fiscal year, Mutual Federal Savings Bank Charitable Foundation Inc has awarded $407,000 in support to 31 organizations.

Grant RecipientAmount

MUNCIE CHILDREN'S MUSEUM

Org PageRecipient Profile

Muncie, IN

PURPOSE: FURTHER EXEMPT PURPOSE OF RECIPIENT

$80,000

MUNCIE HABITAT FOR HUMANITY

PURPOSE: FURTHER EXEMPT PURPOSE OF RECIPIENT

$51,000

UWAY- DELAWARE

PURPOSE: FURTHER EXEMPT PURPOSE OF RECIPIENT

$41,000

IVY TECH FOUNDATION

Org PageRecipient Profile

Indianapolis, IN

PURPOSE: FURTHER EXEMPT PURPOSE OF RECIPIENT

$30,000

VISION

PURPOSE: FURTHER EXEMPT PURPOSE OF RECIPIENT

$30,000

CARDINAL GREENWAYS

Org PageRecipient Profile

Muncie, IN

PURPOSE: FURTHER EXPEMPT PURPOSE OF RECIPIENT

$25,000
View Grant Profile

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