Greater Denfeld Foundation Incorporated
- Assets
- $8.7m
- Revenue
- $589.1k
- Investments
- $8.7m
- Employees
- 0
- Location
- Duluth, MN
- Founding
- 02/1974
- Data as of
- 04/2022
- EIN
- 23-7182610
Organization Overview
Greater Denfeld Foundation Incorporated is located in Duluth, MN. The organization was established in 1974. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Denfeld Foundation Incorporated 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 04/2022, Greater Denfeld Foundation Incorporated generated $589.1k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $515.3k during the year ending 04/2022. While expenses have increased by 8.6% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Greater Denfeld Foundation Incorporated has awarded 132 individual grants totaling $417,408. 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 |
|---|---|---|---|
Mark Matuseski Director | 1 | $0 | |
Gary Tangen Director | 1 | $0 | |
Louie St George Director | 1 | $0 | |
Kerry Anderson Garthus Director | 1 | $0 | |
Nancy Anderson Director | 1 | $0 | |
Lane Harstad Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $33,951 |
| Interest on Savings | $0 |
| Dividends & Interest | $156,619 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $395,530 |
| Capital Gain Net Income | $395,530 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,000 |
| Total Revenue | $589,100 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,001 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12,702 |
| Total operating and administrative expenses | $97,929 |
| Contributions, gifts, grants paid | $417,408 |
| Total expenses and disbursements | $515,337 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,242 |
| 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 | $1,464 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $8,656,730 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $10,094 |
| Total assets | $8,692,530 |
| Accounts payable and accrued expenses | $6,251 |
| 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 | $2,506 |
| Total liabilities | $8,757 |
Grants Awarded
Over the last fiscal year, Greater Denfeld Foundation Incorporated has awarded $417,408 in support to 132 organizations.
| Grant Recipient | Amount |
|---|---|
DENFELD HIGH SCHOOL PURPOSE: SCHOOL ACTIVITY SUPPORT | $13,000 |
KEEGAN CHASTEY PURPOSE: EDUCATIONAL SCHOLARSHIP | $8,500 |
LINDSAY JOHNSON PURPOSE: EDUCATIONAL SCHOLARSHIP | $6,000 |
PHOENIX OCEAN PURPOSE: EDUCATIONAL SCHOLARSHIP | $5,500 |
JOSEPH MCCORMICK PURPOSE: EDUCATIONAL SCHOLARSHIP | $5,500 |
ISAAC FINK PURPOSE: EDUCATIONAL SCHOLARSHIP | $4,604 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Und Aerospace Foundation Grand Forks, ND | $87,259,673 | $35,764,126 |
South Dakota State University Foundation Brookings, SD | $287,960,105 | $54,798,337 |
Und Alumni Association And Foundation Grand Forks, ND | $413,170,247 | $55,226,015 |
North Dakota State University Foundation Fargo, ND | $450,450,295 | $29,663,255 |
Northern State University Foundation Aberdeen, SD | $84,974,607 | $23,577,331 |
University Of South Dakota Foundation Vermillion, SD | $352,818,128 | $49,591,248 |
Ics Support Organization Inc Franklin, WI | $552,959,577 | $28,861,342 |
University Of Northern Iowa Foundation Cedar Falls, IA | $173,378,893 | $31,725,389 |
National Assistance Foundation Des Moines, IA | $16,519,301 | $16,875,706 |
Sioux Falls Christian Schools Association Sioux Falls, SD | $33,580,780 | $15,294,565 |
University Research Park Inc Madison, WI | $162,117,796 | $19,527,506 |
Grinnell College Medical Benefit Plan Trust Agreement Grinnell, IA | $11,174,588 | $9,791,771 |