Minnesota Community Foundation
- Assets
- $0.0
- Revenue
- $0.0
- Investments
- $124.0m
- Employees
- 0
- Location
- Saint Paul, MN
- Founding
- 07/1959
- Data as of
- 01/2020
- EIN
- 41-0832480
Organization Overview
Minnesota Community Foundation, operating under the name Minnesota Philanthropy Partners, is located in Saint Paul, MN. The organization was established in 1959. According to its NTEE Classification (T31) the organization is classified as: Community 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. Minnesota Philanthropy Partners is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2015, Minnesota Philanthropy Partners has awarded 2,069 individual grants totaling $117,150,057. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
WE INSPIRE GENEROSITY, ADVOCATE FOR EQUITY AND INVEST IN COMMUNITY-LED SOLUTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE ARE A PERMANENT RESOURCE DEDICATED TO ADDRESSING CHANGING NEEDS IN MINNESOTA - FOREVER. WE HELP PEOPLE AND ORGANIZATIONS TO RESOLVE PROBLEMS AND ADDRESS COMMUNITY NEEDS BY WORKING WITH DONORS, PROFESSIONAL AND LEGAL ADVISORS, NONPROFIT ORGANIZATIONS AND LOCAL LEADERS TO IDENTIFY AND SUPPORT CRITICAL NEEDS ACROSS MINNESOTA. WE INVEST CHARITABLE ASSETS ENTRUSTED TO US TO ADDRESS LONG-TERM COMMUNITY NEEDS AND HELP DONORS ACHIEVE THEIR CHARITABLE GIVING GOALS TO CREATE A LASTING LEGACY FOR THEIR COMMUNITY. THANKS TO THE GENEROSITY OF OUR DONORS, WE SUPPORT INITIATIVES AND PROJECTS DESIGNED TO ADDRESS COMPLEX COMMUNITY ISSUES AND BUILD CAPACITY TO MEET IMMEDIATE AND LONG-TERM NEEDS AND TO INSPIRE INNOVATION AND FRESH APPROACHES TO ADDRESS CHANGING COMMUNITY NEEDS.
MINNESOTA COMMUNITY FOUNDATION IS A LONGTIME SUPPORTER AND PROPONENT OF INNOVATIVE COMMUNITY INITIATIVES THAT SERVE MINNESOTA. THE FOUNDATION ALSO SERVES 13 GEOGRAPHIC COMMUNITY AFFILIATES WITH GRANT MAKING, FUNDRAISING AND TRAINING SUPPORT. EACH AFFILIATE HAS A COMMUNITY ENDOWMENT FUND AND IS LED BY COMMUNITY ADVISORS. TOGETHER, THE AFFILIATES HAVE MADE OVER 20 MILLION IN GRANTS OVER THE PAST 25 YEARS THAT ADDRESS ISSUES SELECTED BY PEOPLE IN THE COMMUNITIES THEY REPRESENT.
INSPIRING GENEROSITY TO STRENGTHEN MINNESOTA COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janice Angell Board Vice C | OfficerTrustee | $0 | |
Paul Snyder Board Chair | OfficerTrustee | $0 | |
Scott Zastoupil CFO | Officer | $0 | |
Shannon O'leary Cio Interim Trea | Officer | 5 | $0 |
Shannon O'leary Interim Trea | Officer | $0 | |
Eric Jolly President Secretary | Officer | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Catchafire Inc Prog Consultant | 12/30/19 | $260,000 |
The Saint Paul Foundation Administrative | 12/30/19 | $2,208,770 |
Whittier Advertising Inc Communications | 12/30/19 | $202,823 |
Minnesota Public Radio Program Consult | 12/30/19 | $123,048 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $54,709 |
| Related organizations | $1,056,259 |
| Government grants | $20,100 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,530,818 |
| Noncash contributions included in lines 1a–1f | $4,169,788 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,661,886 |
| Total Program Service Revenue | $158,437 |
| Investment income | $6,684,874 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $22,443,571 |
| Net Income from Fundraising Events | -$5,255 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $0 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $31,132,050 |
| 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 | $2,405,639 |
| Fees for services: Legal | $2,044 |
| Fees for services: Accounting | $16,978 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,023,522 |
| Fees for services: Other | $393,283 |
| Advertising and promotion | $56,363 |
| Office expenses | $70,072 |
| Information technology | $30,538 |
| Royalties | $0 |
| Occupancy | $5,502 |
| Travel | $4,679 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $49,835 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,852 |
| All other expenses | $127,326 |
| Total functional expenses | $0 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $20,842,285 |
| Pledges and grants receivable | $2,191,506 |
| Accounts receivable, net | $27,805 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $174,500,407 |
| Investments—other securities | $124,041,278 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $718,528 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $655,880 |
| Grants payable | $869,229 |
| 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 | $0 |
| Net assets without donor restrictions | $319,524,188 |
| Net assets with donor restrictions | $1,272,512 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $0 |
Grants Awarded
Over the last fiscal year, Minnesota Community Foundation has awarded $30,748,079 in support to 421 organizations.
| Grant Recipient | Amount |
|---|---|
St Paul, MN PURPOSE: MULTIPLE GRANTS | $2,100,000 |
St Paul, MN PURPOSE: MULTIPLE GRANTS | $1,599,474 |
San Francisco, CA PURPOSE: MULTIPLE GRANTS | $1,526,422 |
Washington, DC PURPOSE: MULTIPLE GRANTS | $1,500,000 |
St Paul, MN PURPOSE: MULTIPLE GRANTS | $1,220,859 |
Minneapolis, MN PURPOSE: MULTIPLE GRANTS | $1,129,537 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Minnesota Community Foundation has recieved totaling $10,876.
| Awarding Organization | Amount |
|---|---|
Northfield Shares Northfield, MN PURPOSE: 50% ANN FUND 50%END | $10,876 |
Endowment Analysis
| Beg. Balance | $217,027,968 |
| Earnings | $31,354,947 |
| Admin Expense | $217,027,968 |
| Net Contributions | $3,775,443 |
| Grants | $9,778,163 |
| Ending Balance | $217,027,968 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oshkosh Area Community Foundation Corporation Oshkosh, WI | $140,509,815 | $17,534,681 |
Community Foundation Of Greater Dubuque Dubuque, IA | $145,486,240 | $37,640,315 |
Community Foundation Of Northeast Iowa Cedar Falls, IA | $163,015,524 | $24,241,546 |
West Central Initiative Fergus Falls, MN | $80,928,029 | $10,157,757 |
North Dakota Community Foundation Bismarck, ND | $128,952,115 | $14,760,573 |
South Central Iowa Community Foundation Chariton, IA | $15,877,246 | $5,307,597 |
Waukesha County Community Foundation Inc Waukesha, WI | $76,894,981 | $24,718,378 |
Community Foundation Of North Central Wisconsin Inc Wausau, WI | $90,468,531 | $15,305,164 |
Rochester Area Foundation Rochester, MN | $45,116,721 | $11,703,419 |
Womens Foundation Of Minnesota Minneapolis, MN | $30,253,405 | $5,522,981 |
St Croix Valley Foundation Hudson, WI | $77,504,280 | $14,379,195 |
Lacrosse Community Foundation La Crosse, WI | $69,726,999 | $8,261,750 |