Mark M Welter Foundation
- Assets
- $7.0m
- Revenue
- $1.2m
- Investments
- $7.0m
- Employees
- 0
- Location
- Le Sueur, MN
- Founding
- 06/2019
- Data as of
- 12/2022
- EIN
- 83-2783030
Organization Overview
Mark M Welter Foundation is located in Le Sueur, MN. The organization was established in 2019. 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. Mark M Welter 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, Mark M Welter Foundation generated $1.2m in total revenue. All expenses for the organization totaled $549.1k during the year ending 12/2022.
Since 2020, Mark M Welter Foundation has awarded 25 individual grants totaling $1,490,247. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Skubitz Officer | 0 | $0 | |
Peter Schoeppner Officer | 0 | $0 | |
Chrietina R Welter Officer | 0 | $0 | |
David Muzic Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $8,437 |
| Dividends & Interest | $161,419 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $997,989 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,167,845 |
| 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 | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $50,430 |
| Contributions, gifts, grants paid | $498,700 |
| Total expenses and disbursements | $549,130 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,684 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $7,045,044 |
| 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, Mark M Welter Foundation has awarded $498,700 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
LEAD MN PURPOSE: GRANT | $70,000 |
ST ANNE SCHOOL PURPOSE: GRANT | $6,000 |
GREATER MN CHRISIS NURSERY PURPOSE: DOANTION | $20,000 |
MANKATO LOYOLA SCHOOL PURPOSE: SCHOLARSHIPS | $5,200 |
VARIOUS OTHERS PURPOSE: DONATIONS | $88,500 |
ISD 2397 PURPOSE: SCHOOL FUNDING | $4,000 |