The M & L Foundation Inc
- Assets
- $1.6m
- Revenue
- $421.4k
- Investments
- $1.5m
- Employees
- 0
- Location
- Rogers, MN
- Founding
- 09/1995
- Data as of
- 12/2021
- EIN
- 41-1814419
Organization Overview
The M & L Foundation Inc is located in Rogers, MN. The organization was established in 1995. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. M & L 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, M & L Foundation Inc generated $421.4k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 31.5% each year . All expenses for the organization totaled $143.7k during the year ending 12/2021. While expenses have increased by 34.6% per year over the past 4 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 2020, M & L Foundation Inc has awarded 45 individual grants totaling $409,836. 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
DISTRIBUTION OF BIBLES IN AFRICA, ORPHANAGE SUPPORT, MISSIONS, OUTREACH
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lannie Cragg Treasurer | 1 | $0 | |
John Kapsner Secretary | 1 | $0 | |
Maurice Kapsner President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $262,200 |
| Interest on Savings | $0 |
| Dividends & Interest | $60,083 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $99,135 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $421,418 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $25 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20,402 |
| Total operating and administrative expenses | $21,777 |
| Contributions, gifts, grants paid | $121,896 |
| Total expenses and disbursements | $143,673 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $124,887 |
| 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 | $1,636,327 |
| 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, The M & L Foundation Inc has awarded $121,896 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
Colorado Springs, CO PURPOSE: EDUCATION/EVANGELISM | $30,936 |
CROSSROADS GOSPEL ASSOCIATION PURPOSE: EDUCATION | $30,000 |
Scottsdale, AZ PURPOSE: MEDICAL | $25,000 |
PENTACOSTAL CHURCH OF BURUNDI PURPOSE: DISCIPLESHIP | $10,060 |
Alpharetta, GA PURPOSE: HUMAN TRAFFICING | $10,000 |
ANTANANARIVO MISSION PURPOSE: DISCIPLESHIP | $6,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The M & L Foundation Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Organization Name not Listed PURPOSE: GIFT TO CHRISTIAN VOLUNTEER ORGANIZATION | | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Metropolitan Consortium Of Community Developers Minneapolis, MN | $14,565,346 | $14,747,823 |
Wisconsin Womens Business Initiative Corporation Milwaukee, WI | $42,014,379 | $10,583,804 |
Women Venture St Paul, MN | $7,708,341 | $8,474,014 |
Urban Ventures Leadership Foundation Minneapolis, MN | $23,559,763 | $6,521,879 |
Bioconnect Iowa Des Moines, IA | $1,127,931 | $1,803,790 |
Startingblock Madison Inc Madison, WI | $3,788,993 | $962,585 |
Lakota Fund Kyle, SD | $17,004,625 | $4,059,450 |
Central Minnesota Development Company Andover, MN | $3,109,444 | $999,166 |
Northeast South Dakota Economic Corporation Sisseton, SD | $28,795,164 | $2,763,514 |
Beta Group Minneapolis, MN | $157,595 | $502,721 |
Women In Progress Inc Minneapolis, MN | $458,547 | $441,350 |
Iowa Community Capital Boone, IA | $2,471,585 | $1,776,388 |