Thomas E & Edna D Carpenter Foundation
- Assets
- $17.4m
- Revenue
- $2.5m
- Investments
- $9.2m
- Employees
- 0
- Location
- Hastings, MN
- Founding
- 03/1973
- Data as of
- 09/2022
- EIN
- 23-7275337
Organization Overview
Thomas E & Edna D Carpenter Foundation is located in Hastings, MN. The organization was established in 1973. 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. Thomas E & Edna D Carpenter 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 09/2022, Thomas E & Edna D Carpenter Foundation generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 18.1% each year . All expenses for the organization totaled $1.3m during the year ending 09/2022. While expenses have increased by 4.6% per year over the past 6 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
CARPENTER NATURE CENTER FOSTERS LIFELONG APPRECIATION OF THE NATURAL WORLD THROUGH ENVIRONMENTAL EDUCATION, HABITAT CONSERVATION, AND OUTDOOR EXPERIENCES. THE NATURE CENTER'S 725-ACRES OF PROTECTED NATURAL HABITAT IS OPEN TO THE PUBLIC FREE-OF-CHARGE 361 DAYS A YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Vieth Executive Di | 40 | $85,869 | |
Mayme Johnson Program Dire | 40 | $65,405 | |
Marty Lynch Maintenance | 40 | $56,852 | |
Alan Maloney Interpretive | 40 | $56,638 | |
Tim Power Past Vice Pr | 1 | $0 | |
Don Kern Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,846,445 |
| Interest on Savings | $4,227 |
| Dividends & Interest | $515,442 |
| Net Rental Income | $5,851 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $90,154 |
| Other Income | $39,103 |
| Total Revenue | $2,504,579 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $85,869 |
| Other employee salaries and wages | $476,522 |
| Pension plans, employee benefits | $68,648 |
| Interest | $0 |
| Taxes | $39,957 |
| Depreciation | $163,512 |
| Occupancy | $26,858 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $384,746 |
| Total operating and administrative expenses | $1,282,336 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,282,336 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $401,392 |
| Net Accounts receivable | $2,159 |
| Net Pledges Receivable | $123,370 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $9,970 |
| Prepaid expenses and deferred charges | $56,314 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $9,166,632 |
| Net Land, buildings, and equipment | $7,593,583 |
| Other assets | $0 |
| Total assets | $17,353,420 |
| Accounts payable and accrued expenses | $59,057 |
| Grants payable | $0 |
| Deferred revenue | $1,570 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $60,627 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Thomas E & Edna D Carpenter Foundation has recieved totaling $146,134.
| Awarding Organization | Amount |
|---|---|
Minneapolis Foundation Minneapolis, MN PURPOSE: DONOR-RECOMMENDED, PHILANTHROPY | $62,000 |
The American Center For Philanthropy Inc Northfield, MN PURPOSE: MULTIPLE GRANTS FOR MULTIPLE PURPOSES | $20,700 |
American Endowment Foundation Hudson, OH PURPOSE: ENVIRONMENTAL | $20,000 |
Saint Paul & Minnesota Foundation Saint Paul, MN PURPOSE: MULTIPLE GRANTS FOR MULTIPLE PURPOSES | $10,250 |
Xcel Energy Foundation Minneapolis, MN PURPOSE: ENVIRONMENT GRANT | $10,000 |
Mightycause Charitable Foundation Marianna, FL PURPOSE: UNRESTRICTED | $9,534 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charles K Blandin Foundation Grand Rapids, MN | $0 | $24,073,238 |
Reiman Foundation Inc Pewaukee, WI | $64,480,239 | $12,529,672 |
American Family Insurance Dreams Foundation Inc Madison, WI | $10,733,127 | $6,580,229 |
Joseph And Vera Zilber Charitable Foundation Inc Milwaukee, WI | $301,880,639 | $24,555,392 |
Argosy Foundation Milwaukee, WI | $36,932,110 | $41,277,914 |
Cargill Foundation Minneapolis, MN | $286,172,868 | $105,535,102 |
Schoeneckers Foundation Minneapolis, MN | $145,295,949 | $7,540,866 |
The Curtis L Carlson Family Foundation Minnetonka, MN | $300,826,673 | $21,132,663 |
Principal Financial Group Foundation Inc Des Moines, IA | $217,742,870 | $19,396,180 |
Herbert H Kohl Charities Inc Milwaukee, WI | $19,332,679 | $4,430,173 |
Andreas Foundation Mankato, MN | $70,794,995 | $28,410,107 |
Frechette Family Foundation Minneapolis, MN | $167,055,978 | $9,430,765 |