Cloverfields Foundation
- Assets
- $45.4m
- Revenue
- $27.9m
- Investments
- $36.5m
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 01/2005
- Data as of
- 12/2021
- EIN
- 20-1919362
Organization Overview
Cloverfields Foundation is located in Minneapolis, MN. The organization was established in 2005. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cloverfields Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2014, Cloverfields Foundation has awarded 249 individual grants totaling $20,814,522. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen J Hemsley Dir, President & Treas | 1 | $0 | |
Barbara K Hemsley Director, Secretary | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $23,302,080 |
| Interest on Savings | $0 |
| Dividends & Interest | $976,671 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,574,714 |
| Capital Gain Net Income | $3,574,714 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $27,853,465 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $58,087 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $229,703 |
| Total operating and administrative expenses | $292,658 |
| Contributions, gifts, grants paid | $2,710,700 |
| Total expenses and disbursements | $3,003,358 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,242,803 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $4,607,141 |
| Investments—mortgage loans | $0 |
| Investments—other | $5,116,349 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $45,399,718 |
| Accounts payable and accrued expenses | $800,000 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $800,000 |
Grants Awarded
Over the last fiscal year, Cloverfields Foundation has awarded $2,710,700 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
GEORGETOWN UNIVERSITY PURPOSE: GENERAL OPERATING FUND | $1,100,000 |
Minneapolis, MN PURPOSE: GENERAL OPERATING FUND | $450,000 |
San Francisco, CA PURPOSE: GENERAL OPERATING FUND | $400,000 |
Plymouth, MN PURPOSE: GENERAL OPERATING FUND | $250,000 |
ALLIANCE FRANCAISE PURPOSE: GENERAL OPERATING FUND | $75,000 |
NORTHERN STAR SCOUTING PURPOSE: GENERAL OPERATING FUND | $60,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Goodman Family Operating Foundation Chaska, MN | $298,216,479 | $15,439,155 |
Robert And Adele Schiff Family Foundation Inc Milwaukee, WI | $226,331,394 | $18,541,997 |
Wca Foundation C/O The Minneapolis Foundation Minneapolis, MN | $0 | $1,050,329 |
Esther And Harold Mertz Foundation Sioux Falls, SD | $674,132,608 | $21,835,940 |
Larson Foundation Sioux Falls, SD | $23,259,212 | -$633,184 |
John T Vucurevich Foundation Rapid City, SD | $151,565,692 | $20,798,188 |
Fund For Wisconsin Scholars Inc Madison, WI | $273,321,225 | $22,010,196 |
Pohlad Family Foundation Minneapolis, MN | $102,001,164 | $18,381,775 |
Roy J Carver Charitable Tr Muscatine, IA | $235,043,756 | $22,231,044 |
F R Bigelow Foundation Trust 555 St Paul, MN | $202,026,485 | $23,166,449 |
Lewis W Hyer Trust 098310c Milwaukee, WI | $167,937,358 | $18,090,828 |
Charles E Lakin Foundation Inc Council Bluffs, IA | $146,415,136 | $18,758,116 |