Minneapolis Area Board Of Realtors Foundation Inc
- Assets
- $2.1m
- Revenue
- $82.9k
- Investments
- $1.8m
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 07/1988
- Data as of
- 12/2023
- EIN
- 36-3575705
Organization Overview
Minneapolis Area Board Of Realtors Foundation Inc is located in Minneapolis, MN. The organization was established in 1988. According to its NTEE Classification (S47) the organization is classified as: Real Estate Associations, 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. Minneapolis Area Board Of Realtors 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 12/2023, Minneapolis Area Board Of Realtors Foundation Inc generated $82.9k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $206.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Minneapolis Area Board Of Realtors Foundation Inc has awarded 132 individual grants totaling $929,812. 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 |
|---|---|---|---|
Sarah Huffman Chair | 2 | $0 | |
Matt Wandzel Immediate Past Chair | 1 | $0 | |
Leah Drury Vice Chair | 2 | $0 | |
Kenneth Colston Treasurer | 1 | $0 | |
Leroy Bendickson Trustee | 1 | $0 | |
Melanie Dunker Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $364,780 |
| Interest on Savings | $0 |
| Dividends & Interest | $44,143 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$326,071 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $82,852 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $415 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $85,902 |
| Total operating and administrative expenses | $109,332 |
| Contributions, gifts, grants paid | $97,500 |
| Total expenses and disbursements | $206,832 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $259,871 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $11,106 |
| 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 | $450 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $99,547 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,097,303 |
| Accounts payable and accrued expenses | $2,114 |
| Grants payable | $45,000 |
| 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 | $47,114 |
Grants Awarded
Over the last fiscal year, Minneapolis Area Board Of Realtors Foundation Inc has awarded $67,500 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
DAMASCUS WAY RE-ENTRY CENTER PURPOSE: GENERAL OPERATIONS | $7,500 |
AGATE HOUSING & SERVICES INC PURPOSE: GENERAL OPERATIONS | $7,500 |
ANGEL FOUNDATION PURPOSE: GENERAL OPERATIONS | $7,500 |
HEARTS & HAMMERS - TWIN CITIES INC PURPOSE: GENERAL OPERATIONS | $7,500 |
PRG INC PURPOSE: GENERAL OPERATIONS | $7,500 |
JEREMIAH PROGRAM PURPOSE: GENERAL OPERATIONS | $15,000 |