Albany Mutual Telephone Foundation

ALBANY, MN EIN: 26-1561849

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

+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

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Minnesota $809K (100%)

States

Minnesota

Cities

AlbanyAvonFreeportLittle FallsMelroseNew MunichSt Cloud

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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

Philanthropy, Voluntarism & Grantmaking

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.