Kitchi Gammi Club Foundation Inc
- Assets
- $1.6m
- Revenue
- $171.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Duluth, MN
- Founding
- 10/2000
- Data as of
- 12/2021
- EIN
- 35-1663615
Organization Overview
Kitchi Gammi Club Foundation Inc is located in Duluth, MN. The organization was established in 2000. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kitchi Gammi Club Foundation Inc 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 12/2021, Kitchi Gammi Club Foundation Inc generated $171.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $117.4k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT AND MAINTAIN THE BUILDING AND GROUNDS OF THE KITCHI GAMMI CLUB, A SECTION 501(C)(7) ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT AND MAINTENANCE OF THE KITCHI GAMMI CLUB BUILDING AND GROUNDS IN 2021 INCLUDED GRANTS TO:- COMPLETE THE EAST ENTRY PROJECT, TERRACE AND SIDEWALKS - $40,636- PURCHASE A LATERAL ARM AWNING FOR THE EAST TERRACE - $5,375- MAINTAIN THE GROUNDS - $14,967- RESTORATION OF THE COURTYARD GARDEN SITE - $38,715
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cheryl Meese Secretary/treasurer Until 09/21 | OfficerTrustee | 1.5 | $0 |
Jo Ann Hoag Secretary/treasurer Beg 10/21 | OfficerTrustee | 1.5 | $0 |
Mark Melhus Board Chair | OfficerTrustee | 3 | $0 |
Robert Owens Vice Chair | OfficerTrustee | 0.5 | $0 |
Dan Hartman Director | Trustee | 0.5 | $0 |
Robert Meierhoff Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $110,356 |
| Noncash contributions included in lines 1a–1f | $4,941 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $110,356 |
| Total Program Service Revenue | $0 |
| Investment income | $29,476 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $31,430 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $171,262 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $99,894 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $707 |
| Fees for services: Accounting | $5,310 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,278 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,514 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,200 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $701 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $787 |
| All other expenses | $25 |
| Total functional expenses | $117,416 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,286 |
| Savings and temporary cash investments | $73,437 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,257 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $250,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,210,727 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,580,707 |
| Accounts payable and accrued expenses | $570 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $570 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,580,137 |
| Total liabilities and net assets/fund balances | $1,580,707 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Kitchi Gammi Club Foundation Inc has recieved totaling $6,640.
| Awarding Organization | Amount |
|---|---|
American Gift Fund Wilmington, DE PURPOSE: OPERATIONS | $6,000 |
Wallin Foundation Minneapolis, MN PURPOSE: TO FURTHER CHARITABLE PURPOSES | $640 |
Endowment Analysis
| Beg. Balance | $1,359,357 |
| Earnings | $131,429 |
| Admin Expense | $4,278 |
| Net Contributions | $55,000 |
| Grants | $12,200 |
| Ending Balance | $1,529,308 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Spire Credit Union Falcon Heights, MN | $1,948,614,361 | $81,305,193 |
Serveminnesota Minneapolis, MN | $9,195,680 | $42,573,491 |
Arrowhead Economic Opportunity Agency Incorporated Virginia, MN | $33,957,216 | $39,136,123 |
Minnesota Valley Action Council Inc Mankato, MN | $12,018,161 | $29,353,976 |
Tri-Valley Opportunity Council Inc Crookston, MN | $15,068,505 | $26,983,244 |
United Community Action Partnership Inc Marshall, MN | $18,347,423 | $25,415,099 |
Des Moines Performing Arts Des Moines, IA | $53,428,793 | $29,638,099 |
Community Action Of Eastern Iowa Davenport, IA | $4,145,446 | $19,807,458 |
Mahube-Otwa Community Action Partnership Inc Detroit Lakes, MN | $6,691,451 | $20,228,935 |
Upper Des Moines Opportunity Inc Graettinger, IA | $5,376,639 | $17,208,548 |
Community Action Agency Of Siouxland Sioux City, IA | $5,735,581 | $15,017,682 |
Mid-Iowa Community Action -Mica- Incorporated Marshalltown, IA | $3,849,705 | $14,587,976 |