Forster Muhlenkamp Foundation
- Assets
- $305.3k
- Revenue
- $142.9k
- Investments
- $290.7k
- Employees
- 0
- Location
- Ponte Vedra Beach, FL
- Founding
- Data as of
- 12/2023
- EIN
- 87-6876764
Organization Overview
Forster Muhlenkamp Foundation is located in Ponte Vedra Beach, FL. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Forster Muhlenkamp 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, Forster Muhlenkamp Foundation generated $142.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (33.5%) each year.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
CULVER ACADEMY
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter H Forster Trustee | 2 | $0 | |
Caroline E Muhlenkamp Trustee | 2 | $0 | |
Matthew N Muhlenkamp Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $9,893 |
| Interest on Savings | $16 |
| Dividends & Interest | $12,193 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $120,748 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $142,850 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $168 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $768 |
| Contributions, gifts, grants paid | $8,380 |
| Total expenses and disbursements | $9,148 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,536 |
| 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 | $305,281 |
| 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, Forster Muhlenkamp Foundation has awarded $8,380 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
FIRST BAPTIST CHURCH PURPOSE: SHARE THE GOSPEL | $300 |
CULVER EDUCATION FOUNDATION PURPOSE: SCHOOL SUPPORT | $2,500 |
ST ANDREWS DOG PARK INITIATIVE PURPOSE: GENERAL SUPPORT | $5,000 |
WILLOW POINT VOLUNTEER FIRE DEPT PURPOSE: GENERAL SUPPORT | $480 |
COLBY'S CREW RESCUE PURPOSE: GENERAL SUPPORT | $100 |