Mark B And Carol S Muller Charitable Fund
- Assets
- $4.9m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Grand Rapids, MI
- Founding
- 07/1999
- Data as of
- 12/2021
- EIN
- 38-3443809
Organization Overview
Mark B And Carol S Muller Charitable Fund is located in Grand Rapids, MI. 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. Mark B And Carol S Muller Charitable Fund 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, Mark B And Carol S Muller Charitable Fund generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $739.7k during the year ending 12/2021. While expenses have increased by 0.2% 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 2014, Mark B And Carol S Muller Charitable Fund has awarded 53 individual grants totaling $370,383. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PASTOR SPIRITUAL RETREAT CENTER AND CURRICULUM
RESOURCING SEMINARIES IN THE GLOBAL SOUTH
PASTOR LITURGIST AND BOARD LEADERSHIP
PRISON MINISTRY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Muller Pres., Treas. | 2.5 | $0 | |
Carol Muller V. Pres., Sec. | 30 | $13,305 | |
Sandra Cooper Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $19,701 |
| Interest on Savings | $978 |
| Dividends & Interest | $3,288 |
| Net Rental Income | $422,708 |
| Net Gain on Sale of Assets | $206,100 |
| Capital Gain Net Income | $206,100 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,085,586 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $13,997 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $90,494 |
| Taxes | $27,647 |
| Depreciation | $199,088 |
| Occupancy | $25,806 |
| Travel, conferences, and meetings | $79 |
| Printing and publications | $0 |
| Other expenses | $303,377 |
| Total operating and administrative expenses | $700,438 |
| Contributions, gifts, grants paid | $39,273 |
| Total expenses and disbursements | $739,711 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $244,506 |
| Savings and temporary cash investments | $0 |
| 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 | $55,866 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $513,798 |
| Net Investments - land, buildings, equipment | $3,186,560 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $879,319 |
| Other assets | $6,712 |
| Total assets | $4,886,761 |
| 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 | $1,956,494 |
| Other liabilities | $2,605 |
| Total liabilities | $1,959,099 |
Grants Awarded
Over the last fiscal year, Mark B And Carol S Muller Charitable Fund has awarded $70,138 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
CELEBRATION FELLOWSHIP CHURCH PURPOSE: ANNUAL SUPPORT | $20,780 |
CRC MINISTRIES PURPOSE: RELIGIOUS | $1,624 |
FULLER THEOLOGICAL SEMINARY PURPOSE: ANNUAL SUPPORT | $12,713 |
GRAND RAPIDS CHRISTIAN SCHOOLS PURPOSE: EDUCATION | $10,000 |
LIVING STONES ACADEMY PURPOSE: EDUCATION | $250 |
THEOLOGICAL BOOK NETWORK PURPOSE: RELIGIOUS | $15,000 |