Roseville Area Community Foundation
- Assets
- $1.8m
- Revenue
- $196.7k
- Investments
- $0.0
- Employees
- 1
- Location
- Roseville, MN
- Founding
- 12/1983
- Data as of
- 06/2022
- EIN
- 41-1408909
Organization Overview
Roseville Area Community Foundation is located in Roseville, MN. The organization was established in 1983. 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. Roseville Area Community 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 06/2022, Roseville Area Community Foundation generated $196.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $96.6k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Roseville Area Community Foundation has awarded 149 individual grants totaling $457,137. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
COMMUNITY FUND; CONDUIT FOR CHARITABLE DONATIONS; DISTRIBUTION OF CITY OF ROSEVILLE'S SHARE OF CHARITABLE GAMBLING PROCEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BY AGREEMENT WITH THE CITY OF ROSEVILLE, MINNESOTA, THE FOUNDATION DISTRIBUTES ONE-HALF OF THE CITY'S DISBURSEMENT OF CHARITABLE GAMBLING PROCEEDS. THE OTHER HALF IS RETAINED FOR AT LEAST ONE CALENDAR YEAR. A BOARD OF 8 RESIDENTS OF ROSEVILLE OR ISD623 MEETS WITH COMMUNITY REPRESENTATIVES AND MAKES ALLOCATION DECISIONS BASED ON POTENTIAL COMMUNITY IMPACT, NEED, PROJECT VIABILITY AND RESOURCES AVAILABLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald Riach Vice President | OfficerTrustee | 5 | $0 |
June Stewart Secretary | OfficerTrustee | 10 | $0 |
Dawne Brown White President | OfficerTrustee | 10 | $0 |
Beth Salzl Treasurer | OfficerTrustee | 5 | $0 |
Donald Salverda Board Member | Trustee | 5 | $0 |
Sara Ernst Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $130,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $132,000 |
| Total Program Service Revenue | $0 |
| Investment income | $64,670 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $196,670 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $82,000 |
| 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 | $1,778 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $157 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,063 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $282 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $96,567 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $300,539 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $1,546,536 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,847,075 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $938,979 |
| Net assets with donor restrictions | $908,096 |
| 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 | $1,847,075 |
Grants Awarded
Over the last fiscal year, Roseville Area Community Foundation has awarded $82,000 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
NEW DAY PREGNANCY CENTER PURPOSE: TO FUND GENERAL OPERATIONS | $5,000 |
COMMUNITY DENTAL CARE PURPOSE: TO FUND GENERAL OPERATIONS | $5,000 |
KEYSTONE FOOD SHELVES PURPOSE: TO FUND GENERAL OPERATIONS | $5,000 |
AEON SIENNA GREEN AFFORDABLE HOUSING PURPOSE: TO FUND GENERAL OPERATIONS | $5,000 |
TUBMAN PURPOSE: TO FUND GENERAL OPERATIONS | $5,000 |
GIRLS ON THE RUN PURPOSE: TO FUND GENERAL OPERATIONS | $5,000 |
Endowment Analysis
| Beg. Balance | $1,011,594 |
| Earnings | -$10,550 |
| Net Contributions | $66,000 |
| Grants | $82,000 |
| Ending Balance | $985,044 |
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 |