Winds Of Peace Foundation
- Assets
- $9.2m
- Revenue
- $346.5k
- Investments
- $6.7m
- Employees
- 0
- Location
- Hastings, MN
- Founding
- 07/1979
- Data as of
- 12/2023
- EIN
- 41-1343012
Organization Overview
Winds Of Peace Foundation is located in Hastings, MN. The organization was established in 1979. 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. Winds Of Peace 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, Winds Of Peace Foundation generated $346.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (23.4%) each year. All expenses for the organization totaled $643.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Winds Of Peace Foundation has awarded 52 individual grants totaling $1,117,724. 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 |
|---|---|---|---|
Mark Lester Ceo/interim | 40 | $92,000 | |
Mary Alice Mccabe Member | 1 | $0 | |
Joel Mugge Member | 1 | $0 | |
John Zobitz Member | 1 | $0 | |
Sara Nelson-Pallmeyer Member | 1 | $0 | |
Michael Troutman Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $25,000 |
| Interest on Savings | $60,285 |
| Dividends & Interest | $153,484 |
| Net Rental Income | $9,964 |
| Net Gain on Sale of Assets | -$168,322 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $34,164 |
| Total Revenue | $346,481 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $92,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $11,464 |
| Interest | $0 |
| Taxes | $1,262 |
| Depreciation | $44,423 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1 |
| Printing and publications | $0 |
| Other expenses | $275,507 |
| Total operating and administrative expenses | $553,809 |
| Contributions, gifts, grants paid | $89,834 |
| Total expenses and disbursements | $643,643 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $830,528 |
| 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 | $500,392 |
| Inventories for sale or use | $124,108 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $7,920 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $1,008,496 |
| Other assets | $0 |
| Total assets | $9,212,506 |
| Accounts payable and accrued expenses | $16,329 |
| 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 | $16,329 |
Grants Awarded
Over the last fiscal year, Winds Of Peace Foundation has awarded $89,834 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
UCA TEACHING & LEARNING PROGRAM PURPOSE: READING/WRITING PROGRAMS | $20,000 |
FE Y ALGERIA LIBRARY PROJECT PURPOSE: IMPROVE LITERACY | $35,000 |
FE Y ALGERIA TEACHER TRAINING PURPOSE: READING/WRITING PROGRAMS | $34,834 |