ROGERS, MN
The M & L Foundation Inc.
Quick Facts
- EIN
- 411814419
- Location
- ROGERS, MN
- Category
- Community Development
- Total Assets
- $2M
- Annual Income
- $923K
- IRS Ruling Year
- 1995
- Organization Type
- Corporation
- Tax Deductibility
- Contributions are deductible
About This Foundation
The M & L Foundation Inc. is a private corporation based in ROGERS, MN. The foundation received its IRS ruling in 1995. It holds total assets of $2M. Annual income is reported at $923K. The foundation operates in the area of community development. Contributions to this foundation are tax-deductible.
View 990 FilingsFinancial Overview
Total Giving
$170K
2023+10%
Total Assets
$1.9M
2023+26%
Fair Market Value
$1.9M
2023
Net Worth
$1.9M
2023
Grants Paid
$152K
2023
Contributions
$465K
2023
Net Investment Income
$65K
2023
Distribution Amount
$0
2023
Total Giving by Year
$76K
11$83K
12$81K
13$33K
14$44K
15$109K
19$124K
20$144K
21$154K
22$170K
23Asset Growth
$300K
11$351K
12$401K
13$618K
14$701K
15$1.4M
19$1.4M
20$1.6M
21$1.5M
22$1.9M
23Investment Portfolio (2023)
Total: $1.8M
Corporate Stock: $1.8M
Cash: $31K
Corporate Stock (98%)
Cash (2%)
Expense Breakdown (2023)
Grants Paid$152K
Accounting Fees$1K
Revenue Sources (2023)
- Contributions
- $465K
- Dividends
- $82K
- Capital Gains (Net)
- $-9,791
Financial Details (2023)
- Total Revenue
- $537K
- Total Expenses
- $170K
- Exempt Purpose Expenses
- $171K
- Required Distribution
- $0
- Undistributed Income
- $0
- Total Liabilities
- $1
- Excise Tax
- $897
- Tax Due
- $916
Foundation Classification (2023)
Operating FoundationGrants to IndividualsNon-Charity GrantsLobbying ActivityExcess Business Holdings
Grantmaking Insights
Total Grants
30
Total Giving
$385K
Average Grant
$13K
Median Grant
$6K
Total Giving by Year
$96K (12 grants)
20$137K (10 grants)
22$152K (8 grants)
23Grant Range
Min$242
Max$93K
Median: $6K
Smallest grantLargest grant
Openness to New Grantees (2023)
38%
of 2023 grantees were first-time recipients
Geographic Distribution of Grants
AK
ME
VT
NH
WA
ID
MT
ND
MN
MN: $20K (3)
WI
MI
NY
MA
CT
RI
OR
NV
WY
SD
IA
IL
IL: $242 (1)
IN
OH
PA
NJ
CA
CA: $6K (1)
UT
CO
CO: $20K (3)
NE
MO
KY
WV
VA
MD
DE
DC
AZ
NM
KS
AR
TN
TN: $5K (1)
NC
SC
OK
LA
MS
AL
GA
FL
FL: $3K (1)
HI
TX
CO$20K (3)
MN$20K (3)
CA$6K (1)
TN$5K (1)
FL$3K (1)
IL$242 (1)
Past Grantees
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Friends Of Bukwo GlobalMEDICAL, HOSPETAL BLD | Bukwo | $93K | 2023 |
| Pentacostal Church Of BurundiEDUCATION ORPHANAGE | Burkuri | $27K | 2023 |
| Anglican Church Of UgandaEDUCATION/EVANGELISM | Masindi | $10K | 2023 |
| St Johns AbbyEDUCATION | Collegeville, MN | $6K | 2023 |
| Community Bible StudyEDUCATION/EVANGELISM | Colorado Springs, CO | $6K | 2023 |
| Parole ChurchFOOD PROGRAM | Quagadougou | $5K | 2023 |
| Orphanos FoundationEDUCATION | Cordova, TN | $5K | 2023 |
| Good News PublicationEVANGELISM | Wheaton, IL | $242 | 2023 |
| Friends Of Bukwo GlobalMEDICAL, HOSPETAL BLD | Bukwo | $49K | 2022 |
| Pentacostal Church Of BurundiCOMPUTER DISCIPLESHIP | Burkuri | $20K | 2022 |
| Anglican Church Of UgandaEDUCATION/EVANGELISM | Masindi | $20K | 2022 |
| Antananarivo MissionDISCIPLESHIP | Antananarivo | $12K | 2022 |
| Prosper Community Bilble StudyEDUCATION/EVANGELISM | Lagos | $12K | 2022 |
| Community Bible StudyEDUCATION/EVANGELISM | Colorado Springs, CO | $10K | 2022 |
| Horn Of AfricaEVANGELISM | Mountain View, CA | $6K | 2022 |
| St Johns AbbyEDUCATION | Collegeville, MN | $6K | 2022 |
| Bible Festival Of EgyphEDUCATION | Cairo | $2K | 2022 |
| Uganda HospitalMEDICAL, HOSPETAL BLD | Bukwo | $500 | 2022 |
| Crossroads Gospel AssicationSCHOOL | Ancon | $25K | 2020 |
| Anglican Alliance Of RwandaHUMANITARIAN AID | Kigal | $15K | 2020 |
| Pentecosal Church Of BurundiORPHANGE/SCHOOL | Burkuri | $14K | 2020 |
| Wedum HospiceHOSPICE CARE | Brooklyn Park, MN | $8K | 2020 |
| Madagascar Antananriro MissionMINISTRY CENTER | Antananarivo | $6K | 2020 |
| Evangelical Alliance Of RwandaHUMANITARIAN AID | Rwandese | $5K | 2020 |
| Amany Farhat Mission Of EgyptRUFUGEE AID | Cairo | $5K | 2020 |
| Faith Of God MinistriesCONFERENCE | Blantyre | $5K | 2020 |
| Community Bible StudyDISCIPLESHIP | Colorado Springs, CO | $4K | 2020 |
| Anglican Church UgandaSCHOOL | Masindi | $4K | 2020 |
| Youth With A MissionEDUCATION/EVANGELISM | Montverde, FL | $3K | 2020 |
| Cbsi Burkina FasoCOMPUTER DISCIPLESHIP | Burkina | $2K | 2020 |
990-PF Filings
| Tax Period | Return Type | View |
|---|---|---|
| 2023-12 | 990PF | View Filing |
| 2022-12 | 990PF | View Filing |
| 2021-12 | 990PF | View Filing |
| 2020-12 | 990PF | View Filing |
Filings sourced from IRS e-file index. View all on ProPublica