Mardag Foundation
- Assets
- $63.5m
- Revenue
- $1.9m
- Investments
- $63.2m
- Employees
- 0
- Location
- St Paul, MN
- Founding
- 07/1991
- Data as of
- 12/2023
- EIN
- 41-1698990
Organization Overview
Mardag Foundation is located in St Paul, MN. The organization was established in 1991. 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. Mardag 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, Mardag Foundation generated $1.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (17.4%) each year. All expenses for the organization totaled $3.7m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Mardag Foundation has awarded 650 individual grants totaling $13,517,676. 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 |
|---|---|---|---|
Armando Camacho Secretary | 0.75 | $0 | |
Gretchen Davidson Member | 0.75 | $0 | |
Samuel Eberhart President | 0.75 | $0 | |
Kimberly Faust Member | 0.75 | $0 | |
Pat Medure Member | 0.75 | $0 | |
Cory Ober Member | 0.75 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,188,259 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $579,209 |
| Capital Gain Net Income | $1,348,483 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $166,011 |
| Total Revenue | $1,933,479 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $94,321 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $7,092 |
| Printing and publications | $0 |
| Other expenses | $287,416 |
| Total operating and administrative expenses | $665,444 |
| Contributions, gifts, grants paid | $2,999,659 |
| Total expenses and disbursements | $3,665,103 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $265,724 |
| 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 | $11,000 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $63,206,992 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $63,483,716 |
| Accounts payable and accrued expenses | $54,738 |
| Grants payable | $757,473 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $121,505 |
| Total liabilities | $933,716 |
Grants Awarded
Over the last fiscal year, Mardag Foundation has awarded $3,564,686 in support to 146 organizations.
| Grant Recipient | Amount |
|---|---|
AMHERST H WILDER FOUNDATION PURPOSE: ACTIVATE OPPORTUNITY: WILDER'S CAMPAIGN FOR FAMILIES | $20,000 |
VICTORIA THEATER ARTS CENTER PURPOSE: VICTORIA THEATER ARTS CENTER CAPITAL CAMPAIGN | $25,000 |
180 DEGREES INC PURPOSE: CAPITAL SUPPORT FOR ST. CLOUD YOUTH SHELTER | $25,000 |
AIN DAH YUNG OUR HOME CENTER PURPOSE: AIN DAH YUNG CENTER - GENERAL OPERATING | $25,000 |
OPEN CUPBOARD PURPOSE: INCREASING ACCESS TO FRESH AND HEALTHY FOOD IN THE EAST METRO | $25,000 |
CENTRO TYRONE GUZMAN PURPOSE: "MI PEQUENO MUNDO" MONTESSORI HOME VISITING PROGRAM | $7,500 |