The M & L Foundation Inc
Only null% goes to programs Strong reserves
The M & L Foundation Inc is a 501(c)(3) organization based in Rogers, Minnesota, registered in 1995, with $392,810 in FY2024 revenue. CharityIndex grades it C+.
23001 Industrial Blvd, Rogers, MN, 55374 EIN 41-1814419 Since 1995
Revenue (FY2024)
$393K
▼ 26.9% vs prior year
Community median: $184K
Expenses (FY2024)
$264K
Net assets
$2.0M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for The M & L Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating91 mo reserves · +33% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For The M & L Foundation Inc: 91 mo reserves · +33% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for The M & L Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For The M & L Foundation Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 23001 Industrial Blvd, Rogers, MN, 55374
- City
- Rogers
- State
- Minnesota
- Subcategory
- Business & Industry Associations
Financial trends
Revenue grew from $215K (FY2019) to $393K (FY2024) across 6 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $2.0M
Operating margin
32.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$2.0M
Total liabilities
$0
Net assets
$2.0M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $392,810▼26.9% | $263,895▲55.7% | $1,992,179▲7.6% | $1,992,179▲7.6% | 990PF |
| 2023 | $537,141▲145% | $169,540▲10.1% | $1,851,335▲25.5% | $1,851,335▲25.5% | 990PF |
| 2022 | $219,436▼47.9% | $153,933▲7.1% | $1,474,588▼9.9% | $1,474,588▼9.9% | 990PF |
| 2021 | $421,418▲272% | $143,673▲15.8% | $1,636,327▲21.0% | $1,636,327▲21.0% | 990PF |
| 2020 | $113,413▼47.2% | $124,101▲13.6% | $1,352,450 | $1,352,450 | 990PF |
| 2019 | $214,671 | $109,219 | $1,352,524 | $1,352,524 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is The M & L Foundation Inc a legitimate nonprofit?
- Yes. The M & L Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 41-1814419, based in Rogers, Minnesota. Donations are tax-deductible.
- What is The M & L Foundation Inc's EIN?
- The M & L Foundation Inc's Employer Identification Number (EIN) is 41-1814419.
- How much revenue does The M & L Foundation Inc report?
- The M & L Foundation Inc reported $392,810 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does The M & L Foundation Inc have?
- CharityIndex grades The M & L Foundation Inc C+, based on financial health (reserves and operating margin).
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Data for The M & L Foundation Inc (EIN 41-1814419) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.