Myra Foundation
- Assets
- $12.2m
- Revenue
- $446.5k
- Investments
- $12.0m
- Employees
- 0
- Location
- Grand Forks, ND
- Founding
- 01/1964
- Data as of
- 12/2022
- EIN
- 45-0215088
Organization Overview
Myra Foundation is located in Grand Forks, ND. The organization was established in 1964. 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. Myra 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, Myra Foundation generated $446.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (56.8%) each year. All expenses for the organization totaled $880.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Myra Foundation has awarded 219 individual grants totaling $2,275,837. 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 |
|---|---|---|---|
John Botsford President | 5 | $22,400 | |
Emily Montgomery Sec-Treas | 1 | $2,400 | |
Tracy Kennedy Director | 1 | $1,200 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $47,147 |
| Dividends & Interest | $310,296 |
| Net Rental Income | $7,597 |
| Net Gain on Sale of Assets | $73,533 |
| Capital Gain Net Income | $81,633 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,000 |
| Total Revenue | $446,473 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $26,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $17,288 |
| Depreciation | $2,559 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $246 |
| Printing and publications | $0 |
| Other expenses | $91,287 |
| Total operating and administrative expenses | $149,500 |
| Contributions, gifts, grants paid | $730,878 |
| Total expenses and disbursements | $880,378 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $240,667 |
| 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 | $12,550 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $8,102 |
| Net Land, buildings, and equipment | $12,066 |
| Other assets | $2,074 |
| Total assets | $12,245,773 |
| 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, Myra Foundation has awarded $730,878 in support to 77 organizations.
| Grant Recipient | Amount |
|---|---|
ALTRU FAMILY YMCA PURPOSE: RANGES FOR THE CHILDCARE KITCHEN | $1,058 |
ALTRU HEALTH FOUNDATION FOR SAFE KIDS GRAND FORKS PURPOSE: SAFE KIDS GRAND FORKS COMMUNITY SAFETY EDUCATION | $10,000 |
COMMUNITY VIOLENCE INTERVENTION CENTER PURPOSE: CVIC KIDS FIRST RECEPTION AREA UPDATE: WELCOMING FAMILIES IN | $4,500 |
ART MATTERS CO GRAND FORKS COMMUNITY FOUNDATION PURPOSE: SUPPLIES FOR ART PACKS, PRINTING EQUPMENTS, MARKETING MATERICAL AND POP UP ART EVENTS. | $2,500 |
DAKOTA SCIENCE CENTER PURPOSE: FRC TEAM 8188 ROBOTIC COMPETITION SUPPLIES AND EVENT REGISTRATION | $4,000 |
EMERADO RURAL VOLUNTEER FIRE DEPARTMENT PURPOSE: EMERADO FIRE EQUIPMENT EFFICIENCY PROJECT | $12,125 |