Foley & Mansfield Charitable Foundation
- Assets
- $2.0k
- Revenue
- $7.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 01/2011
- Data as of
- 12/2023
- EIN
- 27-0557246
Organization Overview
Foley & Mansfield Charitable Foundation is located in Minneapolis, MN. The organization was established in 2011. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Foley & Mansfield Charitable 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 12/2023, Foley & Mansfield Charitable Foundation generated $7.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (27.2%) each year. All expenses for the organization totaled $7.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (29.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Foley & Mansfield Charitable Foundation has awarded 278 individual grants totaling $416,339. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTIONS TO OTHER 501(C)(3) ORGANIZATIONS IN SUPPORT OF THEIR EXEMPT PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kyle Mansfield President | 1 | $0 | |
Thomas Pahl Director | 1 | $0 | |
Robert Brummond Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,801 |
| Interest on Savings | $4 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $7,805 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $2,078 |
| Contributions, gifts, grants paid | $5,250 |
| Total expenses and disbursements | $7,328 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,977 |
| 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 | $1,977 |
| 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, Foley & Mansfield Charitable Foundation has awarded $5,250 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
COATED IN LOVE PURPOSE: UNRESTRICTED CHARITABLE GRANT | $1,000 |
THE UNIVERSITY OF CHICAGO PURPOSE: SUPPORT MESOTHELIOMA RESEARCH | $1,000 |
THE QUEER BIG APPLE CORPS PURPOSE: UNRESTRICTED CHARITABLE GRANT | $1,500 |
LACBA COUNSEL FOR JUSTICE PURPOSE: VETERANS LEGAL SERVICE PROJECT | $1,500 |
ST LOUIS CHILDREN'S HOSPITAL FOUNDATION PURPOSE: KIDSTRUCTION 2023 SPONSORSHIP | $250 |