Melvin F Wagner Foundation
- Assets
- $7.6m
- Revenue
- $1.0m
- Investments
- $5.9m
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 04/1970
- Data as of
- 12/2021
- EIN
- 39-6129125
Organization Overview
Melvin F Wagner Foundation is located in Milwaukee, WI. The organization was established in 1970. 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. Melvin F Wagner 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, Melvin F Wagner Foundation generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.9% each year . All expenses for the organization totaled $554.9k during the year ending 12/2021. While expenses have increased by 1.1% 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 2016, Melvin F Wagner Foundation has awarded 55 individual grants totaling $2,187,427. 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 |
|---|---|---|---|
Us Bank N A Trustee | 1 | $63,491 | |
Tim Ellis Co-Trustee | 20 | $3,060 | |
Robin J Callan Co-Trustee | 20 | $3,060 | |
Jim Kitzinger Co-Trustee | 20 | $3,060 | |
Delores Slesrick Co-Trustee | 20 | $2,295 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $225,024 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $807,662 |
| Capital Gain Net Income | $807,662 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,863 |
| Total Revenue | $1,034,549 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $74,966 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,851 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,047 |
| Total operating and administrative expenses | $82,364 |
| Contributions, gifts, grants paid | $472,582 |
| Total expenses and disbursements | $554,946 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,650 |
| Savings and temporary cash investments | $1,703,842 |
| 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 | $2,001,343 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $500 |
| Total assets | $7,609,057 |
| 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, Melvin F Wagner Foundation has awarded $472,582 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDREN'S HOSPITAL & HEALTH PURPOSE: GENERAL OPERATING | $42,962 |
Sheboygan, WI PURPOSE: GENERAL OPERATING | $42,962 |
Plymouth, WI PURPOSE: SCHOLARSHIP | $42,962 |
ALZHEIMERS ASSOCIATION PURPOSE: GENERAL OPERATING | $42,962 |
MUSCULAR DYSTROPHY ASSOCIATION PURPOSE: GENERAL OPERATING | $42,962 |
ST JAMES UNITED CHURCH OF CHRIST PURPOSE: GENERAL OPERATING | $42,962 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Otto Bremer Trust St Paul, MN | $1,543,197,073 | $135,875,116 |
Fulk Family Foundation Inc Chicago, IL | $111,507,856 | $5,187,231 |
The Robert D And Patricia E Kern Family Foundation Inc Waukesha, WI | $717,991,169 | $43,480,423 |
Grainger Foundation Inc Lake Forest, IL | $184,158,239 | $17,016,007 |
Zell Family Foundation Chicago, IL | $0 | $76,843,080 |
The Richard M Schulze Family Foundation Minneapolis, MN | $250,424,427 | $45,882,285 |
Fred C And Katherine B Andersen Foundation Bayport, MN | $1,210,701,778 | $63,445,932 |
Abbvie Foundation North Chicago, IL | $72,211,109 | $4,010,058 |
Caterpillar Foundation Peoria, IL | $93,606,659 | $54,411,827 |
Circle Of Service Foundation Chicago, IL | $697,372,085 | $55,153,209 |
Allstate Foundation Northbrook, IL | $112,475,932 | $31,277,614 |
The Meijer Foundation Grand Rapids, MI | $118,103,895 | $43,970,388 |