Matrix Foundation
- Assets
- $1.5m
- Revenue
- $65.2k
- Investments
- $1.5m
- Employees
- 0
- Location
- Mendota Heights, MN
- Founding
- 07/1998
- Data as of
- 12/2022
- EIN
- 41-1906360
Organization Overview
Matrix Foundation is located in Mendota Heights, MN. The organization was established in 1998. 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. Matrix 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 12/2022, Matrix Foundation generated $65.2k 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 (12.2%) each year. All expenses for the organization totaled $83.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Matrix Foundation has awarded 19 individual grants totaling $215,400. 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 |
|---|---|---|---|
Dale E Peterson President | 0 | $0 | |
Jeri L Peterson Vp, Sec, Treas | 0 | $0 | |
Dana Peterson Asst. VP | 0 | $0 | |
Tracy L Peterson Asst. VP | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $297 |
| Dividends & Interest | $33,701 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $31,073 |
| Capital Gain Net Income | $31,073 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $86 |
| Total Revenue | $65,157 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,457 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $23,542 |
| Contributions, gifts, grants paid | $59,500 |
| Total expenses and disbursements | $83,042 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,171 |
| Savings and temporary cash investments | $16,633 |
| 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 | $1,539,005 |
| 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, Matrix Foundation has awarded $59,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
MINNESOTA ZOO FOUNDATION PURPOSE: EDUCATION | $7,500 |
MAYO CLINIC PURPOSE: RESEARCH | $30,000 |
ACES PURPOSE: EDUCATION | $10,750 |
NORTHERN STAR SCOUTING PURPOSE: EDUCATION | $3,000 |
MISCELLANEOUS 2500 PURPOSE: MISCELLANEOUS | $8,250 |