Mary Ingebrand-Pohlad Foundation
- Assets
- $0.0
- Revenue
- $326.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 06/2006
- Data as of
- 12/2022
- EIN
- 20-3927309
Organization Overview
Mary Ingebrand-Pohlad Foundation is located in Minneapolis, MN. The organization was established in 2006. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Mary Ingebrand-Pohlad Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Mary Ingebrand-Pohlad Foundation generated $326.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (26.0%) each year. All expenses for the organization totaled $2.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Mary Ingebrand-Pohlad Foundation has awarded 32 individual grants totaling $3,838,412. 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 |
|---|---|---|---|
Mary Ingebrand-Pohlad President | 3 | $0 | |
Mary Ingebrand-Pohlad Secretary | 1 | $0 | |
Mary Ingebrand-Pohlad Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $37,514 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $288,802 |
| Capital Gain Net Income | $288,802 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $13 |
| Total Revenue | $326,329 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,389 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $20,307 |
| Contributions, gifts, grants paid | $2,185,512 |
| Total expenses and disbursements | $2,205,819 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Mary Ingebrand-Pohlad Foundation has awarded $2,185,512 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
THE MINNEAPOLIS FOUNDATION PURPOSE: TO ESTABLISH THE MARY INGEBRAND-POHLAD FUND | $2,005,512 |
PALM SPRINGS ART MUSEUM PURPOSE: GENERAL SUPPORT | $100,000 |
MINNEAPOLIS INSTITUTE OF ARTS PURPOSE: GENERAL SUPPORT | $52,500 |
TWIN CITIES PUBLIC TELEVISION PURPOSE: GENERAL SUPPORT | $25,000 |
MCCALLUM THEATRE PURPOSE: GENERAL SUPPORT | $2,500 |