R-4 Foundation Inc
- Assets
- $541.1k
- Revenue
- $99.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Nisswa, MN
- Founding
- Data as of
- 06/2024
- EIN
- 85-3742355
Organization Overview
R-4 Foundation Inc is located in Nisswa, MN. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. R-4 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 06/2024, R-4 Foundation Inc generated $99.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (31.8%) each year. All expenses for the organization totaled $64.9k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Gross President | 2 | $0 | |
Nita Gross Vice Preside | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $80,300 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | -$11,230 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $99,800 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $4,319 |
| Taxes | $25 |
| Depreciation | $12,671 |
| Occupancy | $9,180 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,740 |
| Total operating and administrative expenses | $33,332 |
| Contributions, gifts, grants paid | $31,541 |
| Total expenses and disbursements | $64,873 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,266 |
| 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 | $503,859 |
| Other assets | $0 |
| Total assets | $541,125 |
| 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 | $101,574 |
| Other liabilities | $1,500 |
| Total liabilities | $103,074 |
Grants Awarded
Over the last fiscal year, R-4 Foundation Inc has awarded $22,764 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
HIGH PRAISE BRAINERD LAKES PURPOSE: SUPPORT CHURCH IN BAXTER | $10,000 |
YOUTH FOR CHRIST PURPOSE: CHRISTIAN YOUTH PROGRAM SUPPORT | $500 |
THE MUSIC GENERAL PURPOSE: CHILDRENS DANCE PROGRAM SUPPORT | $1,264 |
AWAKENING HOPE MINISTRIES PURPOSE: CHRISTIAN MINISTRY SUPPORT | $11,000 |