Grinnell Mutual Group Foundation
- Assets
- $1.3k
- Revenue
- $310.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Grinnell, IA
- Founding
- Data as of
- 12/2022
- EIN
- 42-1308146
Organization Overview
Grinnell Mutual Group Foundation is located in Grinnell, IA. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grinnell Mutual Group 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, Grinnell Mutual Group Foundation generated $310.1k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $311.6k during the year ending 12/2022. While expenses have increased by 3.5% per year over the past 5 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, Grinnell Mutual Group Foundation has awarded 232 individual grants totaling $886,078. 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 |
|---|---|---|---|
Jeffrey Menary President | 0.5 | $0 | |
Lauren Augustin Vice President | 0.5 | $0 | |
Michelle Papendick Treasurer | 0.5 | $0 | |
Kami Holmes Director | 0.5 | $0 | |
David Miller Director | 0.5 | $0 | |
Todd Milburn Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $310,000 |
| Interest on Savings | $70 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $310,070 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $311,578 |
| Total expenses and disbursements | $311,578 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,329 |
| 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 | $1,329 |
| 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, Grinnell Mutual Group Foundation has awarded $311,578 in support to 82 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF IOWA FOUNDATION PURPOSE: 2022-2023 SCHOLARSHIPS | $10,000 |
IOWA STATE UNIVERSITY FOUNDATION PURPOSE: ANNUAL GMG FOUNDATION SCHOLARSHIPS 2022-2023 | $10,000 |
IOWA COLLEGE FOUNDATION PURPOSE: SCHOLARSHIP PROGRAM FOR 2022-2023 | $18,000 |
UNIVERSITY OF IOWA FOUNDATION PURPOSE: HOLDEN COMP. CANCER CENTER-'22 PLEDGE | $10,000 |
K9SENSUS FOUNDATION PURPOSE: K-9 TRAINING | $2,500 |
GREATER POWESHIEK COMM FOUNDATION PURPOSE: GRINNELL VETERANS MEMORIAL CAMPAIGN | $25,000 |