Mobel Foundation Inc
- Assets
- $1.5m
- Revenue
- $118.9k
- Investments
- $1.5m
- Employees
- 0
- Location
- Ferdinand, IN
- Founding
- 02/2001
- Data as of
- 09/2023
- EIN
- 35-2126479
Organization Overview
Mobel Foundation Inc is located in Ferdinand, IN. The organization was established in 2001. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Mobel 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 09/2023, Mobel Foundation Inc generated $118.9k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $97.6k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Mobel Foundation Inc has awarded 18 individual grants totaling $441,500. 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 |
|---|---|---|---|
Phillip A Ruhe Director | 0 | $0 | |
Francis J Schipp Director | 0 | $0 | |
Stanley J Ruhe Director | 0 | $0 | |
Paul A Ruhe Director | 0 | $0 | |
Kenneth J Lamkin Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $84,776 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $34,150 |
| Capital Gain Net Income | $34,150 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $118,926 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,573 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15,511 |
| Total operating and administrative expenses | $20,084 |
| Contributions, gifts, grants paid | $77,500 |
| Total expenses and disbursements | $97,584 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $24,836 |
| 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 | $0 |
| Total assets | $1,482,903 |
| 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, Mobel Foundation Inc has awarded $77,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
FERDINAND AMERICAN LEGION PURPOSE: GENERAL | $20,000 |
FERDINAND TOWN POLICE DEPARTMENT PURPOSE: GENERAL | $20,000 |
FERDINAND VOLUNTEER FIRE DEPARTMENT PURPOSE: GENERAL | $37,500 |