Albany Mutual Telephone Foundation
Albany Mutual Telephone Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ALBANY, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.5M in total assets. In 2024, it awarded 8 grants totaling $142K. Net investment income was $194K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.5M
+3.2% YoY
Annual Giving
$142K
-2.1% YoY
Grant Count
8
+0.0% YoY
Avg Grant Size
$18K
-2.1% YoY
Under IRS private-foundation payout rules, Albany Mutual Telephone Foundation reported a distributable amount of $171K for 2024 — the minimum it must pay out in qualifying distributions.
About Albany Mutual Telephone Foundation
Based on IRS filings
Albany Mutual Telephone Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ALBANY, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.5M in total assets. In 2024, it awarded 8 grants totaling $142K. Net investment income was $194K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,511,036 | $3,400,975 | $3,394,066 |
| Revenue | $276,183 | $172,053 | $278,112 |
| Expenses | $166,122 | $165,144 | $207,100 |
| Qualifying Distributions | $146,150 | $148,500 | $181,525 |
| Net Investment Income | $193,507 | $127,072 | $211,949 |
| Distributable Amount | $170,842 | $156,909 | $159,915 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
Grant Size Distribution
47 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Stearns County Pioneer Club ($40,000), Albany Area Jaycees ($30,000), Sacred Heart School ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ALBANY AREA JAYCEES ALBANY, MN | SECURITY POST & LIGHTS WITH CAMERA SYSTEM FOR NEW SHELTER AND SPLASH PAD FOR THE ALBANY AREA JAYCEE'S | $30,000 |
| ALBANY-AVON SOCCER CLUB AVON, MN | PROGRAM FUNDING SUPPORT | $2,000 |
| CATHOLIC CHARITIES OF ST CLOUD ST CLOUD, MN | ALBANY MEALS ON WHEELS OVEN REPAIRS | $1,000 |
| CHURCH OF THE IMMACULATE CONCEPTION NEW MUNICH, MN | NEW HEATING SYSTEM | $10,000 |
| HOLY FAMILY SCHOOL ALBANY, MN | RENOVATING EXISTING BUILDING | $19,000 |
| MOTHER OF MERCY FOUNDATION ALBANY, MN | NEW SIDING AND DECKS ON ASSISTED LIVING AREA. REMODEL TUB/SPA ROOM | $15,000 |
| SACRED HEART SCHOOL FREEPORT, MN | REMODEL BASEMENT FOR PRESCHOOL | $25,000 |
| STEARNS COUNTY PIONEER CLUB ALBANY, MN | RELOCATION AND RECONSTRUCTION OF WATER WHEEL DISPLAY AND MILL BUILDING | $40,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DANIEL TOMSCHE | PRESIDENT | 1 | — |
| JOSEPH HENNEN | VICE PRESIDENT | 1 | — |
| GARY WINKELS | SECRETARY/TREASURER | 1 | — |
| JAMES BEUNING | DIRECTOR | 1 | — |
| STEVEN KLAPHAKE | DIRECTOR | 1 | — |
| JOSEPH PETERNELL | DIRECTOR | 1 | — |
| JOHN WILWERDING | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Albany Mutual Telephone Foundation?
Albany Mutual Telephone Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ALBANY, MN. It holds $3.5M in total assets as of 2024.
How large is Albany Mutual Telephone Foundation?
As of 2024, Albany Mutual Telephone Foundation holds $3.5M in total assets with $276K in annual revenue. It awarded 8 grants totaling $142K in 2024.
Where does Albany Mutual Telephone Foundation operate?
Albany Mutual Telephone Foundation has awarded grants in Minnesota.
What size grants does Albany Mutual Telephone Foundation award?
In 2024, Albany Mutual Telephone Foundation awarded 8 grants totaling $142K — an average of about $18K per grant, based on its IRS Form 990 filings.
How much is Albany Mutual Telephone Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Albany Mutual Telephone Foundation reported a distributable amount of $171K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Albany Mutual Telephone Foundation's EIN?
Albany Mutual Telephone Foundation's EIN (Employer Identification Number) is 26-1561849. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Albany Mutual Telephone Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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