Mommsen Foundation
- Assets
- $583.3k
- Revenue
- $11.8k
- Investments
- $270.2k
- Employees
- 0
- Location
- Pittsboro, NC
- Founding
- 12/2000
- Data as of
- 12/2023
- EIN
- 77-0549283
Organization Overview
Mommsen Foundation is located in Pittsboro, NC. The organization was established in 2000. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Mommsen 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 12/2023, Mommsen Foundation generated $11.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (29.5%) each year. All expenses for the organization totaled $59.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR PRIMARY CHARITABLE ACTIVITIES CONSIST OF PAYING INDEPENDENT RESEARCHERS/SCHOLARS TO WRITE SCHOLARLY DOCUMENTARY ARTICLES THAT COMPRISE THE INDIVIDUAL PUBLISHED VOLUMES OF THE MULTI-VOLUME SERIES 'THE ORIGINS OF GOETHE'S WORKS IN DOCUMENTS' ('DIE ENTSTEHUNG VON GOETHES WERKEN IN DOKUMENTEN'). AS THIS PROJECT IS NEARING COMPLETION, WE ARE STARTING TO SHIFT A PORTION OF OUR FUNDING TO THE FONDATION GEORGES ROUAULT (A FRENCH PUBLIC CHARITY) IN FURTHERANCE OF OUR MISSION TO ADVANCE WORLD CULTURE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katharina Mommsen Director/pres | 65 | $0 | |
David Pike Exec. Dir/cf | 20 | $0 | |
Jane Pike Dir./secretary | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $12,341 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$573 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $11,768 |
| 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 | $3,968 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $39,527 |
| Total operating and administrative expenses | $59,843 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $59,843 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,750 |
| Savings and temporary cash investments | $68,549 |
| 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 | $6,427 |
| Other assets | $229,406 |
| Total assets | $583,297 |
| 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 |