Mithun Family Foundation
- Assets
- $47.1m
- Revenue
- $8.1m
- Investments
- $44.5m
- Employees
- 0
- Location
- Wayzata, MN
- Founding
- 03/1987
- Data as of
- 12/2021
- EIN
- 36-3495071
Organization Overview
Mithun Family Foundation is located in Wayzata, MN. The organization was established in 1987. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mithun Family 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 12/2021, Mithun Family Foundation generated $8.1m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 35.8% each year . All expenses for the organization totaled $3.7m during the year ending 12/2021. While expenses have increased by 4.1% per year over the past 5 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 2018, Mithun Family Foundation has awarded 306 individual grants totaling $11,442,216. 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 |
|---|---|---|---|
Lewis M Mithun Director | 1 | $0 | |
Raymond O Mithun Jr Director | 1 | $0 | |
John C Mithun Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $87,546 |
| Dividends & Interest | $637,868 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,071,598 |
| Capital Gain Net Income | $7,071,598 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $288,268 |
| Total Revenue | $8,085,280 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $23,185 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $46,325 |
| Total operating and administrative expenses | $695,644 |
| Contributions, gifts, grants paid | $3,018,083 |
| Total expenses and disbursements | $3,713,727 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,561,022 |
| 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 | $3,392,075 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $47,067,877 |
| 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, Mithun Family Foundation has awarded $3,018,083 in support to 81 organizations.
| Grant Recipient | Amount |
|---|---|
LIVING DESERT ZOO GARDENS PURPOSE: GENERAL FUND | $252,500 |
ST JOHN'S UNITED CHURCH OF CHRIST PURPOSE: GENERAL FUND | $250,000 |
HABITAT FOR HUMANITY OF JACKSON PURPOSE: GENERAL FUND | $185,000 |
Santa Barbara, CA PURPOSE: GENERAL FUND | $145,000 |
SANTA BARBARA PUBLIC LIBRARY FOUNDATION PURPOSE: GENERAL FUND | $125,000 |
Wayzata, MN PURPOSE: GENERAL FUND | $117,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Northern Iowa Foundation Cedar Falls, IA | $173,378,893 | $31,725,389 |
National Assistance Foundation Des Moines, IA | $16,519,301 | $16,875,706 |
Sioux Falls Christian Schools Association Sioux Falls, SD | $33,580,780 | $15,294,565 |
University Research Park Inc Madison, WI | $162,117,796 | $19,527,506 |
Grinnell College Medical Benefit Plan Trust Agreement Grinnell, IA | $11,174,588 | $9,791,771 |
University Of Wisconsin-Eau Claire Foundation Inc Eau Claire, WI | $103,402,476 | $22,599,486 |
Iowa State University Research Park Corp Ames, IA | $68,199,725 | $11,124,615 |
Minnesota State University Mankato Foundation Incorporated Mankato, MN | $77,015,205 | $9,285,148 |
University Gateway Corporation Minneapolis, MN | $78,655,248 | $6,023,242 |
Charles & Ellora Alliss Educational Foundation Milwaukee, WI | $87,576,345 | $9,781,011 |
Iowa High School Athleticassociation Boone, IA | $17,327,220 | $5,760,245 |
St Cloud State University Foundation Inc St Cloud, MN | $54,919,652 | $10,818,973 |