Widows Mite Foundation
- Assets
- $146.9k
- Revenue
- $9.9k
- Investments
- $123.2k
- Employees
- 0
- Location
- Grey Eagle, MN
- Founding
- 06/1986
- Data as of
- 11/2021
- EIN
- 41-1550301
Organization Overview
Widows Mite Foundation is located in Grey Eagle, MN. The organization was established in 1986. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Widows Mite 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 11/2021, Widows Mite Foundation generated $9.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.4%) each year. All expenses for the organization totaled $36.8k during the year ending 11/2021. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVISION OF CHAPLAINCY SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan A Anderson President, Secretary, Trea | 30 | $25,000 | |
John Gronseth Vice President | 1 | $0 | |
John Drecshel Vice President | 1 | $0 | |
Jon Lokhorst Vice President | 1 | $0 | |
Roger Christensen Vice President | 1 | $0 | |
John Delich Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $398 |
| Dividends & Interest | $1,466 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,974 |
| Capital Gain Net Income | $7,974 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $100 |
| Total Revenue | $9,938 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $25,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,203 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $114 |
| Total operating and administrative expenses | $31,834 |
| Contributions, gifts, grants paid | $5,000 |
| Total expenses and disbursements | $36,834 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,679 |
| 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 | $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 | $146,899 |
| 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 | $3,119 |
| Total liabilities | $3,119 |
Grants Awarded
Over the last fiscal year, Widows Mite Foundation has awarded $5,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
LOVE FOR KENYA PURPOSE: SPREAD THE GOSPEL OF JESUS CHRIST | $1,000 |
Long Prairie, MN PURPOSE: SPREAD THE GOSPEL OF JESUS CHRIST | $1,000 |
AFRICAN INLAND MISSION PURPOSE: SPREAD THE GOSPEL OF JESUS CHRIST | $1,000 |
Minneapolis, MN PURPOSE: SPREAD THE GOSPEL OF JESUS CHRIST | $1,000 |
FELLOWSHIP OF CHRISTIAN ATHELETES PURPOSE: SPREAD THE GOSPEL OF JESUS CHRISTSPREAD THE GOSPEL OF JESUS CHRIST | $500 |
MINNISTRY DEVELOPERS NETWORK PURPOSE: SPREAD THE GOSPEL OF JESUS CHRIST | $500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Widows Mite Foundation has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Damson Family Foundation Huntsville, AL PURPOSE: OPERATIONAL SUPPORT | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Grinnell College Medical Benefit Plan Trust Agreement Grinnell, IA | $11,174,588 | $9,791,771 |
University Of Wisconsin-Eau Claire Foundation Inc Eau Claire, WI | $103,402,476 | $22,599,486 |
Iowa State University Research Park Corp Ames, IA | $68,199,725 | $11,124,615 |
Minnesota State University Mankato Foundation Incorporated Mankato, MN | $77,015,205 | $9,285,148 |
University Gateway Corporation Minneapolis, MN | $78,655,248 | $6,023,242 |
Charles & Ellora Alliss Educational Foundation Milwaukee, WI | $87,576,345 | $9,781,011 |
Iowa High School Athleticassociation Boone, IA | $17,327,220 | $5,760,245 |
St Cloud State University Foundation Inc St Cloud, MN | $54,919,652 | $10,818,973 |
Hmong Education Reform Company St Paul, MN | $74,819,992 | $9,901,803 |
Isu Veterinary Services Corporation Des Moines, IA | $3,723,871 | $7,166,183 |
University Of Wisconsin Green Bay Foundation Inc Green Bay, WI | $63,454,275 | $9,667,784 |
University Of Minnesota Foundation Investment Advisors Minneapolis, MN | $2,748,098 | $5,244,210 |