Midcontinent Foundation
- Assets
- $34.0k
- Revenue
- $240.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 02/1988
- Data as of
- 12/2021
- EIN
- 36-3556764
Organization Overview
Midcontinent Foundation is located in Minneapolis, MN. The organization was established in 1988. 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. Midcontinent 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 12/2021, Midcontinent Foundation generated $240.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $273.5k during the year ending 12/2021. While expenses have increased by 2.1% per year over the past 7 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 2017, Midcontinent Foundation has awarded 1,165 individual grants totaling $1,404,372. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pat Mcadaragh President/director - Thru 5/2021 | 1 | $0 | |
Sandeep Bowenapally Director - Thru 5/2021 | 1 | $0 | |
Will Butler Director - As Of 8/2021 | 1 | $0 | |
Ann Mcglennen Director | 1 | $0 | |
Lance Mullen Director - Thru 5/2021 | 1 | $0 | |
Brian Standridge Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $240,000 |
| Interest on Savings | $0 |
| 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 | $240,000 |
| 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 | $750 |
| Total operating and administrative expenses | $11,466 |
| Contributions, gifts, grants paid | $261,985 |
| Total expenses and disbursements | $273,451 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,018 |
| 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 | $34,018 |
| Accounts payable and accrued expenses | $2,277 |
| Grants payable | $7,000 |
| 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 | $9,277 |
Grants Awarded
Over the last fiscal year, Midcontinent Foundation has awarded $256,585 in support to 226 organizations.
| Grant Recipient | Amount |
|---|---|
Redfield, SD PURPOSE: FUNDS WILL GO TOWARD BUILDING A 80X40 EMS CENTER TO PROVIDE A SLEEPING ROOM WITH SHOWERS AND KITCHEN FOR THEM WHEN THEY COME TO COVER CALL.THE EMS CENTER WOULD PROVIDE THIS AND OFFICE SPACE, STORAGE AND A TRAINING ROOM. | $5,000 |
Vermillion, SD PURPOSE: PROVIDE A FREE AFTER SCHOOL AND EVENING PROGRAM THAT USES ROBOTICS TO INTRODUCE CHILDREN TO SCIENCE, TECHNOLOGY, ENGINEERING, MATH, AND TEAMWORK AS THEY BUILD AND CODE THEIR ROBOTS FOR COMPETITION. | $4,500 |
Sioux Falls, SD PURPOSE: DONATION TO SUPPORT ABUSE COUNSELLING PROGRAMS. | $4,000 |
Lawrence, KS PURPOSE: OFFICE SET-UP FOR 15-20 NEW EMPLOYEES, INCLUDING DESKS, CHAIRS, AND OTHER PARTS OF A CUBICLE OFFICE. THE ESTIMATE IS $1000/EMPLOYEE. | $3,500 |
Fargo, ND PURPOSE: FUNDS USED TO OBTAIN PROGRAM SUPPLIES TO RESUME THEIR SUMMER PROGRAMS IN A TEMPORARY LOCATION AFTER A FIRE IN THEIR FACILITIES. | $3,000 |
Fargo, ND PURPOSE: PURCHASE STOCK PICKER CARTS FOR THE DONATION CENTER FOR INCOMING MEDICAL EQUIPMENT. | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Otto Bremer Trust St Paul, MN | $1,543,197,073 | $135,875,116 |
The Robert D And Patricia E Kern Family Foundation Inc Waukesha, WI | $717,991,169 | $43,480,423 |
The Richard M Schulze Family Foundation Minneapolis, MN | $250,424,427 | $45,882,285 |
Fred C And Katherine B Andersen Foundation Bayport, MN | $1,210,701,778 | $63,445,932 |
Manitou Fund White Bear Lake, MN | $1,003,593,689 | $40,882,622 |
Lynne & Andrew Redleaf Foundation Minneapolis, MN | $127,717,345 | $981,960 |
Northwest Area Foundation St Paul, MN | $512,755,007 | $38,144,816 |
U S Bancorp Foundation Milwaukee, WI | $68,350,907 | $6,892,078 |
Medtronic Communities Foundation Minneapolis, MN | $54,271,830 | $230,239 |
General Mills Foundation Minneapolis, MN | $0 | -$304,053 |
J A Wedum Foundation Plymouth, MN | $141,295,178 | $28,441,684 |
Bader Philanthropies Inc Milwaukee, WI | $26,809,232 | $30,829,351 |