Fred And Mary Maas Private Foundation
- Assets
- $2.1m
- Revenue
- $176.1k
- Investments
- $1.5m
- Employees
- 0
- Location
- Gettysburg, SD
- Founding
- 11/2001
- Data as of
- 12/2021
- EIN
- 46-0458582
Organization Overview
Fred And Mary Maas Private Foundation is located in Gettysburg, SD. The organization was established in 2001. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fred And Mary Maas Private 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, Fred And Mary Maas Private Foundation generated $176.1k in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $199.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (20.9%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Fred And Mary Maas Private Foundation has awarded 19 individual grants totaling $403,448. 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 |
|---|---|---|---|
Lila Hericks Secretary/tr | 2 | $3,500 | |
Monty Harer President | 2 | $500 | |
Kim Sheehan Member | 2 | $500 | |
Chip Sundberg Member | 2 | $400 | |
Austin Lake Vice Preside | 2 | $300 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,096 |
| Dividends & Interest | $49,955 |
| Net Rental Income | $68,642 |
| Net Gain on Sale of Assets | $39,071 |
| Capital Gain Net Income | $11,783 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $176,122 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,200 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $276 |
| Interest | $0 |
| Taxes | $362 |
| Depreciation | $0 |
| Occupancy | $6,375 |
| Travel, conferences, and meetings | $69 |
| Printing and publications | $0 |
| Other expenses | $9,083 |
| Total operating and administrative expenses | $41,042 |
| Contributions, gifts, grants paid | $158,000 |
| Total expenses and disbursements | $199,042 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,187 |
| Savings and temporary cash investments | $26,746 |
| 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 | $620,458 |
| Other assets | $0 |
| Total assets | $2,144,728 |
| 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 | $459 |
| Total liabilities | $459 |
Grants Awarded
Over the last fiscal year, Fred And Mary Maas Private Foundation has awarded $158,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
GETTYSBURG SCHOOL PURPOSE: TEACHER ASSISTANCE, PLAYGROUND EQUIP | $65,000 |
Gettysburg, SD PURPOSE: SUPPORT | $30,000 |
POTTER COUNTY PURPOSE: PUBLIC IMPROVEMENTS | $22,000 |
UNITED METHODIST CHURCH PURPOSE: LOCAL HUMANITARIAN AID | $10,000 |
Gettysburg, SD PURPOSE: LOCAL HUMANITARIAN AID | $10,000 |
GRACE BIBLE MENNONITE BRETHREN CHUR PURPOSE: LOCAL HUMANITARIAN AID | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iowa Student Loan Liquidity Corp West Des Moines, IA | $1,230,053,718 | $45,688,659 |
Northstar Education Finance Inc Eagan, MN | $1,293,468,719 | $40,177,777 |
Scholarship America Inc Minneapolis, MN | $219,130,905 | $29,933,482 |
Nebraska Student Loan Program Inc Lincoln, NE | $230,624,169 | $45,453,979 |
Montana Higher Education Student Assistance Corporation Helena, MT | $454,297,151 | $15,047,614 |
Des Moines Golf And Country Club West Des Moines, IA | $24,329,403 | $13,657,003 |
Waitt Foundation North Sioux City, SD | $157,175,219 | $6,009,824 |
Team Makers Club Inc Fargo, ND | $24,927,572 | $16,460,437 |
Bentson Foundation Wayzata, MN | $107,689,978 | $6,021,397 |
Rsm Us Foundation Davenport, IA | $13,920,904 | $7,669,329 |
Foundation For Educational Funding Lincoln, NE | $161,530,703 | $9,132,107 |
Western States Learning Corporation Cheyenne, WY | $7,278,085 | $6,097,150 |