Munich Area Development Corp
THE ENTITY OPERATES A LOW-INCOME APARTMENT COMPLEX AND OPERATES VIDEO GAMING MACHINES WITH THE PROCEEDS USED FOR VARIOUS CIVIC NEEDS IN MUNICH ND AND NEIGHBORING COMMUNITIES.
Financial Overview
From 2024 IRS Form 990-PF
Total Assets
$1.1M
+11.2% YoY
Annual Giving
$113K
-24.1% YoY
Grant Count
5
-28.6% YoY
Avg Grant Size
$23K
+6.2% YoY
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Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,119,228 | $1,006,074 | $981,364 |
| Revenue | $290,391 | $223,983 | $200,111 |
| Expenses | $171,191 | $193,875 | $107,639 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $12,388 | $3,662 | $1,668 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
29 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Who else does Munich Area Development Corp fund?
Explore the funder–grantee relationships behind this foundation, powered by GrantGraph™ — our database of 11 million+ funding connections.
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Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| GALEN FETSCH | PRESIDENT (CURRENT) | 1 | — |
| RICHARD ZIMMER | PRESIDENT (PAST) | 1 | — |
| BRIAN HOFFMAN | VICE PRESIDENT | 1 | — |
| ROGER WIRTH | TREASURER | 1 | — |
| MATT MITZEL | DIRECTOR | 1 | — |
| BOBBY FOSTER | DIRECTOR | 1 | — |
| DEBI ZAVALNEY | DIRECTOR | 1 | — |
Geographic Focus
Where this funder has awarded grants
Grant Distribution by State
States
Cities
Data last updated March 2026. Sourced from IRS Form 990-PF filings.
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