Mmg Foundation Inc
- Assets
- $1.9m
- Revenue
- $510.2k
- Investments
- $1.0m
- Employees
- 0
- Location
- Kimberly, WI
- Founding
- 06/1994
- Data as of
- 12/2021
- EIN
- 39-6571237
Organization Overview
Mmg Foundation Inc is located in Kimberly, WI. The organization was established in 1994. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, 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. Mmg 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 12/2021, Mmg Foundation Inc generated $510.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $849.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Mmg Foundation Inc has awarded 69 individual grants totaling $1,843,233. 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
NOT APPLICABLE
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia Stiehl President | 8 | $0 | |
Daniel J Peterich Treasurer | 1 | $0 | |
William D Calkins Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $254,549 |
| Interest on Savings | $0 |
| Dividends & Interest | $34,179 |
| Net Rental Income | -$1,222 |
| Net Gain on Sale of Assets | $220,531 |
| Capital Gain Net Income | $467,842 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $952 |
| Total Revenue | $510,211 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $246 |
| Taxes | $4,844 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $67,372 |
| Total operating and administrative expenses | $82,631 |
| Contributions, gifts, grants paid | $767,100 |
| Total expenses and disbursements | $849,731 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,017 |
| Savings and temporary cash investments | $12,349 |
| 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 | $1,025,192 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $803,651 |
| Total assets | $1,873,209 |
| 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, Mmg Foundation Inc has awarded $767,100 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
Sturgeon Bay, WI PURPOSE: CAPITAL CAMPAIGN | $174,000 |
THE COMMUNITY FOUNDATION FOX VALLEY REGION INC PURPOSE: SCHOLARSHIP FUND | $145,000 |
Fish Creek, WI PURPOSE: CAPITAL CAMPAIGN | $125,000 |
Egg Harbor, WI PURPOSE: PLAY IT FORWARD CAMPAIGN | $91,000 |
Fish Creek, WI PURPOSE: AUDITORIUM SOCIETY ANNUAL FUND | $42,000 |
Sturgeon Bay, WI PURPOSE: CAPITAL CAMPAIGN | $40,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Jewish Foundation Bloomfield Hills, MI | $617,807,734 | $98,304,951 |
United Way Of Greater Milwaukee & Waukesha County Inc Milwaukee, WI | $57,056,595 | $64,052,238 |
Heart Of West Michigan United Way Grand Rapids, MI | $33,929,267 | $56,856,308 |
United Way Of Metropolitan Chicago Inc Chicago, IL | $58,068,035 | $46,184,540 |
Greater Twin Cities United Way Minneapolis, MN | $131,397,199 | $56,166,906 |
Jewish Federation Of Metropolitan Detroit Bloomfield Hills, MI | $47,934,420 | $53,063,745 |
Aurora Health Care Foundation Inc Milwaukee, WI | $332,167,553 | $7,899,285 |
United Way Of Central Iowa Des Moines, IA | $37,480,917 | $26,442,012 |
Minneapolis Jewish Federation Minneapolis, MN | $195,630,681 | $22,381,825 |
Milwaukee Jewish Federation Inc Milwaukee, WI | $275,238,952 | $33,191,987 |
United Way Of Dane County Inc Madison, WI | $25,467,311 | $22,528,941 |
Crown Family Foundation Chicago, IL | $468,729,562 | $19,005,366 |