Mellowhood Foundation Inc
- Assets
- $27.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 24
- Location
- Madison, WI
- Founding
- 10/2014
- Data as of
- 12/2023
- EIN
- 47-1796358
Organization Overview
Mellowhood Foundation Inc is located in Madison, WI. The organization was established in 2014. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 12/2023, Mellowhood Foundation Inc employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mellowhood Foundation Inc 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 12/2023, Mellowhood Foundation Inc generated $147.3k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $143.4k during the year ending 12/2023. While expenses have increased by 9.4% per year over the past 6 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
YOUTH SUPPORT AND ENRICHMENT. PROVIDE ACADEMIC GUIDANCE AND PERSONAL SUPPORT THROUGH WEEKLY STIPENDS TO STUDENTS AGES 15-18 IN HIGH SCHOOL WHO ATTENDED CLASSES AND HANDED IN HOMEWORK ON A SATISFACTORY BASIS TO THEIR TEACHERS OR OTHER ADULT SUPPORTERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Touss Assad Chief Executive Officer | 40 | $72,000 | |
Joe Muellenburg President/chair | 2 | $0 | |
David Bray Treasurer | 2 | $0 | |
Devon Hamilton Vice President | 2 | $0 | |
Elizabeth Borchardt Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $140,212 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $1 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $7,062 |
| Total Revenue | $147,275 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $98,158 |
| Professional fees and other payments to independent contractors | $19,258 |
| Occupancy, rent, utilities, and maintenance | $7,468 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $12,761 |
| Total expenses | $143,367 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $11,329 |
| Other assets | $0 |
| Total assets | $27,704 |
| Total liabilities | $1,367 |
| Net assets or fund balances | $26,337 |