Northwest Area Foundation
- Assets
- $512.8m
- Revenue
- $38.1m
- Investments
- $485.7m
- Employees
- 0
- Location
- St Paul, MN
- Founding
- 10/1947
- Data as of
- 12/2020
- EIN
- 41-0719221
Organization Overview
Northwest Area Foundation is located in St Paul, MN. The organization was established in 1947. 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. Northwest Area 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 12/2020, Northwest Area Foundation generated $38.1m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $33.9m during the year ending 12/2020. While expenses have increased by 3.9% per year over the past 5 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, Northwest Area Foundation has awarded 1,060 individual grants totaling $119,865,578. 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
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
ESTABLISHED IN 1934, THE NORTHWEST AREA FOUNDATION SUPPORTS GRANTEES ACROSS ITS REGION OF EIGHT STATES AND 76 NATIVE NATIONS WHO LEAD WITH COURAGE, WISDOM, AND VISION. THEY ARE ADVANCING LONG-OVERDUE CHANGE IN DEEP CONNECTION WITH THE LAND THEY INHABIT AND COMMUNITIES THEY SERVE - NATIVE AMERICANS, COMMUNITIES OF COLOR, IMMIGRANTS, REFUGEES, AND PEOPLE IN RURAL AREAS. THE ORGANIZATIONS WE SUPPORT ARE ON A JOURNEY OF BUILDING SOCIAL, RACIAL, AND ECONOMIC JUSTICE - HELPING COMMUNITIES THRIVE ON THEIR OWN TERMS.OUR GRANTEE PARTNERS HAVE BEEN DOING THIS WORK FOR DECADES. WE TRUST THEM TO LEAD THE WAY. WE LEARN FROM THEM AND SHARE LEARNING WITH FELLOW FUNDERS AND OTHERS WHO CAN SUPPORT THEIR JOURNEYS. WE CONNECT THEM TO RESOURCES, INFORMATION, AND OTHER LEADERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Walker President & Secretary | 40 | $456,183 | |
Milosava Acamovic VP Of Finance & Admin/cfo | 40 | $229,648 | |
Karla Miller Program Director | 40 | $194,328 | |
Paul Bachleitner Communications Direc | 40 | $164,715 | |
Karen Appelbaum Director Of Operatio | 40 | $145,294 | |
Alli Naithani Dir. Of Org Effectiv | 40 | $140,927 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fsg Inc | 12/30/21 | $107,031 |
Synergistic Transformations Llc | 12/30/21 | $95,147 |
Evology | 12/30/21 | $83,786 |
Nepc Llc | 12/30/21 | $321,786 |
Faegre Drinker Biddle & Reath Llp | 12/30/21 | $96,323 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $633,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,752,918 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $33,365,047 |
| Capital Gain Net Income | $33,891,793 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $393,851 |
| Total Revenue | $38,144,816 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $953,647 |
| Other employee salaries and wages | $2,342,202 |
| Pension plans, employee benefits | $1,012,200 |
| Interest | $0 |
| Taxes | $810,057 |
| Depreciation | $106,449 |
| Occupancy | $499,341 |
| Travel, conferences, and meetings | $60,227 |
| Printing and publications | $0 |
| Other expenses | $577,725 |
| Total operating and administrative expenses | $14,585,045 |
| Contributions, gifts, grants paid | $19,293,752 |
| Total expenses and disbursements | $33,878,797 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,189,512 |
| Net Accounts receivable | $3,372 |
| Net Pledges Receivable | $0 |
| Grants receivable | $150,000 |
| 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 | $141,308 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $104,936,171 |
| Net Land, buildings, and equipment | $329,486 |
| Other assets | $17,286,664 |
| Total assets | $512,755,007 |
| Accounts payable and accrued expenses | $438,223 |
| Grants payable | $6,793,614 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $2,147,778 |
| Total liabilities | $9,379,615 |
Grants Awarded
Over the last fiscal year, Northwest Area Foundation has awarded $28,157,529 in support to 200 organizations.
| Grant Recipient | Amount |
|---|---|
Astoria, OR PURPOSE: UPLIFT AMERICA FUND | $720,000 |
Porcupine, SD PURPOSE: FOSTERING HEALING THROUGH LAKOTA LIFEWAYS TO PROMOTE A REIMAGINED REGENERATIVE ECONOMY | $700,000 |
FIRST PEOPLES FUND PURPOSE: GROWING A THRIVING INDIGENOUS ARTS ECOLOGY | $600,000 |
Des Moines, IA PURPOSE: ONE ECONOMY IN ACTION | $550,000 |
Seattle, WA PURPOSE: EMPOWERING LOW-INCOME ENTREPRENEURS RECOVERY FROM COVID-19 TO HELP ADVANCE ECONOMIC AND RACIAL JUSTICE | $500,000 |
Minneapolis, MN PURPOSE: GENERAL OPERATING SUPPORT FOR THE GROW AND THRIVE NORTHSIDE CAMPAIGN | $500,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Northwest Area Foundation has recieved totaling $42,500.
| Awarding Organization | Amount |
|---|---|
Kawasaki Good Times Foundation Lincoln, NE PURPOSE: GENERAL SUPPORT | $42,500 |
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 |