Mals Foundation
- Assets
- $17.7k
- Revenue
- $42.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Waterford, MI
- Founding
- Data as of
- 12/2022
- EIN
- 87-1801845
Organization Overview
Mals Foundation is located in Waterford, MI. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mals 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, Mals Foundation generated $42.8k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 28.0% each year . All expenses for the organization totaled $37.1k during the year ending 12/2022. While expenses have increased by 19.6% per year over the past 2 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDRAISING EVENT TO RAISE AWARENESS AND FUNDS FOR THE TREATMENT/DIAGNOSIS OF METASTATIC MELANOMA
FUNDRAISING EVENT TO RAISE AWARENESS AND FUNDS FOR THE TREATMENT/DIAGNOSIS OF METASTATIC MELANOMA
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rachel Clippard President | 5 | $0 | |
Brent Opiela CFO | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,095 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| 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 | $40,750 |
| Total Revenue | $42,845 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $32,330 |
| Total operating and administrative expenses | $32,350 |
| Contributions, gifts, grants paid | $4,703 |
| Total expenses and disbursements | $37,053 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,337 |
| Savings and temporary cash investments | $5 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $2,381 |
| 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 | $17,723 |
| 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 | $11,685 |
| Total liabilities | $11,685 |
Grants Awarded
Over the last fiscal year, Mals Foundation has awarded $4,703 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
DEBORAH WALSH PURPOSE: TREATMENT/DIAGNOSIS-METASTATIC MELAN | $2,500 |
MICHAEL NOWICKI PURPOSE: TREATMENT/DIAGNOSIS-METASTATIC MELAN | $2,203 |