Michael Donnewald Foundation
- Assets
- $1.4m
- Revenue
- $31.9k
- Investments
- $1.2m
- Employees
- 0
- Location
- Aviston, IL
- Founding
- 02/2000
- Data as of
- 12/2023
- EIN
- 37-1392792
Organization Overview
Michael Donnewald Foundation is located in Aviston, IL. The organization was established in 2000. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Michael Donnewald 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, Michael Donnewald Foundation generated $31.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (51.2%) each year. All expenses for the organization totaled $65.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION DONATED FUNDS TO VARIOUS LOCAL ORGANIZATIONS IN SUPPORT OF THEIR LOCAL MISSIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael J Donnewald President / | 0 | $0 | |
Robert J Donnewald Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,515 |
| Interest on Savings | $10,241 |
| Dividends & Interest | $106,261 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$135,449 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $352 |
| Total Revenue | $31,920 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $19,130 |
| Contributions, gifts, grants paid | $46,000 |
| Total expenses and disbursements | $65,130 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $223,994 |
| 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 | $1,395,444 |
| 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, Michael Donnewald Foundation has awarded $46,000 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
ALL SAINTS ACADEMY SAINTS PURPOSE: DONATION IN SUPPORT OF MISSION | $15,500 |
BCMW COMMUNITY SERVICES PURPOSE: DONATION IN SUPPORT OF MISSION | $5,000 |
BCMW COMMUNITY SERVICES PURPOSE: DONATION IN SUPPORT OF MISSION | $5,000 |
ALTON MEMORIAL HEALTH SERVICE PURPOSE: DONATION IN SUPPORT OF MISSION | $2,000 |
OPERATION GIVING BACK MISSION BOHOL PURPOSE: DONATION IN SUPPORT OF MISSION | $500 |
TOYS FOR JOY INC PURPOSE: DONATION IN SUPPORT OF LOCAL MISSION | $5,000 |