Myra Foundation
- Assets
- $15.6m
- Revenue
- $941.8k
- Investments
- $15.4m
- Employees
- 0
- Location
- Grand Forks, ND
- Founding
- 01/1964
- Data as of
- 12/2021
- 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 12/2021, Myra Foundation generated $941.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 23.1% each year . All expenses for the organization totaled $961.4k during the year ending 12/2021. While expenses have increased by 20.6% 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, Myra Foundation has awarded 142 individual grants totaling $1,544,959. 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 | |
Kent Cronquist Director | 1 | $2,400 | |
Emily Montgomery Sec-Treas | 1 | $2,400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $36,105 |
| Dividends & Interest | $341,428 |
| Net Rental Income | $1,742 |
| Net Gain on Sale of Assets | $543,825 |
| Capital Gain Net Income | $543,825 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $11,824 |
| Total Revenue | $941,815 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $27,200 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $13,879 |
| Depreciation | $4,359 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $47 |
| Printing and publications | $0 |
| Other expenses | $84,257 |
| Total operating and administrative expenses | $141,333 |
| Contributions, gifts, grants paid | $820,111 |
| Total expenses and disbursements | $961,444 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $197,012 |
| 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 | $8,102 |
| Net Land, buildings, and equipment | $22,725 |
| Other assets | $0 |
| Total assets | $15,585,409 |
| 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 | $6,274 |
| Total liabilities | $6,274 |
Grants Awarded
Over the last fiscal year, Myra Foundation has awarded $820,111 in support to 73 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF NORTH DAKOTA FOUNDATION PURPOSE: MYRA FOUNDATION SCHOLARSHIPS | $54,000 |
VETERANS MEMORIAL PARK PURPOSE: VETERANS MEMORIAL PARK, INSTALLATIONOF THE STATIC DISPLAY AIRCRAFT( 3 | $50,000 |
GRAND FORKS CHILDREN'S MUSEUM PURPOSE: GF CHILDREN'SMUSEUM FOR AG RELATED PROJECT | $50,000 |
THOMPSON PUBLIC SCHOOL PURPOSE: THOMPSON PUBLIC SCHOOL PLAYGROUND PROJECT | $50,000 |
Grand Forks, ND PURPOSE: VALLEY SENIOR LIVING ON CHERRY - TUFTE MANOR OUTDOOR LIVING PROJEC | $30,000 |
Grand Forks, ND PURPOSE: SIGHT & SOUND UPGRADES AT THE EMPIRE | $28,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Otto Bremer Trust St Paul, MN | $1,543,197,073 | $135,875,116 |
The Richard M Schulze Family Foundation Minneapolis, MN | $250,424,427 | $45,882,285 |
Dennis R Washington Foundation Inc Missoula, MT | $1,024,973,213 | $135,352,040 |
Fred C And Katherine B Andersen Foundation Bayport, MN | $1,210,701,778 | $63,445,932 |
Manitou Fund White Bear Lake, MN | $1,003,593,689 | $40,882,622 |
Lynne & Andrew Redleaf Foundation Minneapolis, MN | $127,717,345 | $981,960 |
Northwest Area Foundation St Paul, MN | $512,755,007 | $38,144,816 |
Medtronic Communities Foundation Minneapolis, MN | $54,271,830 | $230,239 |
General Mills Foundation Minneapolis, MN | $0 | -$304,053 |
J A Wedum Foundation Plymouth, MN | $141,295,178 | $28,441,684 |
Target Foundation Minneapolis, MN | $85,335,634 | $55,020,175 |
Wem Foundation Minneapolis, MN | $121,487,044 | $26,370,141 |