Duluth Superior Area Community Foundation Inc
- Assets
- $108.8m
- Revenue
- $11.0m
- Investments
- $0.0
- Employees
- 15
- Location
- Duluth, MN
- Founding
- 09/1982
- Data as of
- 12/2021
- EIN
- 41-1429402
Organization Overview
Duluth Superior Area Community Foundation Inc is located in Duluth, MN. The organization was established in 1982. 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. As of 12/2021, Duluth Superior Area Community Foundation Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Duluth Superior Area Community 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 12/2021, Duluth Superior Area Community Foundation Inc generated $11.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $4.0m during the year ending 12/2021. While expenses have increased by 3.6% 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 2015, Duluth Superior Area Community Foundation Inc has awarded 667 individual grants totaling $11,945,919. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE DULUTH SUPERIOR AREA COMMUNITY FOUNDATION PROMOTES PRIVATE GIVING FOR THE PUBLIC GOOD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, THE COMMUNITY FOUNDATION AWARDED $2,485,091 IN GRANTS AND $383,395 IN SCHOLARSHIPS. TOTAL GRANTS AWARDED (INCLUDING INTERFUND GRANTS) FOR ALL PROGRAM AREAS WAS $2,868,486 COMPRISED OF: 29% UNRESTRICTED FUNDS, 8% DESIGNATED, 22% FIELD OF INTEREST, 11% ORGANIZATIONAL ENDOWMENTS, 13% SCHOLARSHIPS AND 17% DONOR ADVISED. THE LARGEST PROGRAM AREA SUPPORTED WAS HUMAN SERVICES WITH 40% OF GRANT FUNDS, FOLLOWED BY, 21% IN SCHOLARSHIPS, 14% IN EDUCATION, 7% IN COMMUNITY ECONOMIC DEVELOPMENT, 7% IN ENVIRONMENT, 5% IN ARTS, AND 1% IN OTHER. IN 2021, THE COMMUNITY FOUNDATION AWARDED $318,145 SCHOLARSHIPS FROM ENDOWED FUNDS AND $65,250 FROM 9 TEMPORARY SCHOLARSHIP FUNDS THAT THE FOUNDATION PROVIDES SCHOLARSHIP SERVICES. IN ADDITION, THE FOUNDATION PROVIDED ADMINISTRATIVE SERVICES FOR TWO AFFILIATED SCHOLARSHIPS TOTALING $302,500 WHERE ALL OF THE FUNDS ARE HELD BY A LOCAL BANK.
IN 2021, DSACF COLLABORATED WITH MANY PARTNERS TO RESPOND TO COMMUNITY NEEDS WHICH CONTINUED TO BE EXACERBATED THROUGH THE COVID PANDEMIC. FOR EXAMPLE, DSACF PARTNERED WITH NATIONAL AND LOCAL FUNDERS AND SEVERAL ORGANIZATIONS THROUGHOUT THE NORTHLAND TO INCREASE FAMILIES' ACCESS TO THE EXPANDED CHILD TAX CREDIT. DSACF FACILITATED READY NORTH, A LOCAL DISASTER RESILIENCE-BUILDING NETWORK, IN ADDRESSING GAPS IN AWARENESS OF SERVICES AND SUPPORT FOR MENTAL-WELLBEING. GRANT AND SCHOLARSHIP FUNDING CONTINUED TO SUPPORT THE OPPORTUNITY RISING INITIATIVE. THE PURPOSE OF OPPORTUNITY RISING IS TO BRING TOGETHER PEOPLE FROM ALL BACKGROUNDS, INCOMES, ETHNICITIES, BELIEFS AND NEIGHBORHOODS TO FORGE A PATH TO REAL AND MEANINGFUL EQUITABLE OPPORTUNITIES FOR EVERY CHILD IN DULUTH AND SUPERIOR. THE ATTRACT AND RETAIN YOUNG ADULTS INITIATIVE CONTINUED ITS MISSION OF INCREASING QUALITY OF LIFE AND CIVIC ENGAGEMENT OF YOUNG ADULTS IN THE TWIN PORTS OF DULUTH AND SUPERIOR THROUGH GRANTMAKING. THIS PROGRAMMING IS IN ADDITION TO DSACF'S ON-GOING GRANT AND SCHOLARSHIP ACTIVITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shaun Floerke President/ceo | Officer | 40 | $159,337 |
Michelle Wallerstein Finance Director | Officer | 40 | $89,303 |
Joscelyn Skandel Chair | OfficerTrustee | 1 | $0 |
Bethany Owen Secretary, Vice Chair (thru May) | OfficerTrustee | 1 | $0 |
Daniel Lew Secretary | OfficerTrustee | 1 | $0 |
David Montgomery Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,454,949 |
| Noncash contributions included in lines 1a–1f | $2,682,339 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,454,949 |
| Total Program Service Revenue | $0 |
| Investment income | $1,832,506 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,741,689 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,039,912 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,298,847 |
| Grants and other assistance to domestic individuals. | $383,395 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $273,212 |
| Compensation of current officers, directors, key employees. | $77,374 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $471,087 |
| Pension plan accruals and contributions | $22,860 |
| Other employee benefits | $59,849 |
| Payroll taxes | $53,564 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,376 |
| Fees for services: Accounting | $18,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $48,294 |
| Fees for services: Other | $60,655 |
| Advertising and promotion | $3,491 |
| Office expenses | $16,662 |
| Information technology | $4,678 |
| Royalties | $0 |
| Occupancy | $36,377 |
| Travel | $38 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,944 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $43,015 |
| Insurance | $6,206 |
| All other expenses | $31,189 |
| Total functional expenses | $3,990,376 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,728,464 |
| Pledges and grants receivable | $195,092 |
| 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 | $261,986 |
| Investments—publicly traded securities | $105,156,533 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,437,293 |
| Total assets | $108,779,368 |
| Accounts payable and accrued expenses | $82,931 |
| Grants payable | $132,280 |
| 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 | $177,607 |
| Other liabilities | $6,494,256 |
| Total liabilities | $6,887,074 |
| Net assets without donor restrictions | $27,699,870 |
| Net assets with donor restrictions | $74,192,424 |
| 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 | $108,779,368 |
Grants Awarded
Over the last fiscal year, Duluth Superior Area Community Foundation Inc has awarded $1,946,453 in support to 92 organizations.
| Grant Recipient | Amount |
|---|---|
St Paul, MN PURPOSE: BETHANY CRISIS SHELTER; BETHANY AREA CRISIS NURSERY | $125,000 |
REGENTS OF THE UNIVERSITY OF MINNESOTA - DULUTH PURPOSE: GIKINAWAABIWAG (THEY LEARN BY OBSERVING); MITIGATING ACES THROUGH COMMUNITY TRANSFORMATION; ECONOMIC EFFECTS OF FREEWAY REMOVAL IN DULUTH; THE WORLD OUTSIDE OUR BORDERS; OSHKII AYAAWAG (OUR YOUTH) YOUTH COUNCIL | $71,558 |
Duluth, MN PURPOSE: PROGRAM SUPPORT | $67,632 |
Duluth, MN PURPOSE: OUTSIDE THE BOX TRANSFORMATION; BUILDING OPPORTUNITIES AND ASSETS TOGETHER (BOAT) | $65,000 |
Duluth, MN PURPOSE: LAYING THE GROUNDWORK FOR A COMMUNITY STRATEGIC PLAN; PROGRAM SUPPORT; FOOD SHELVES; JAIL MINISTRY; GROW UP GROUP; SHELTERING PEOPLE AND THEIR PETS WHO ARE HOMELESS; SUMMER 2021 OUTDOOR PROGRAM | $63,316 |
Duluth, MN PURPOSE: FAMILY RISE TOGETHER; 2021 TOUCHSTONE CELEBRATION; AFRICAN HERITAGE HUB | $54,500 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Duluth Superior Area Community Foundation Inc has recieved totaling $266,851.
| Awarding Organization | Amount |
|---|---|
The Funders Network Inc Coral Gables, FL PURPOSE: PPREP | $77,250 |
Otto Bremer Trust St Paul, MN PURPOSE: CAPACITY BUILDING | $71,300 |
Ordean Foundation Duluth, MN PURPOSE: UNITY FUND - 2021 SUPPLEMENTAL GIVING FUND AND CRAWFORD AWARD | $50,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $25,701 |
Minnesota Power Foundation Duluth, MN PURPOSE: POSITIVELY POWERFUL SCHOLARSHIPS | $18,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $11,100 |
Endowment Analysis
| Beg. Balance | $86,146,487 |
| Earnings | $12,823,051 |
| Admin Expense | $76,366 |
| Net Contributions | $4,182,596 |
| Grants | $3,402,377 |
| Ending Balance | $99,673,391 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Communitygiving St Cloud, MN | $193,103,222 | $46,523,540 |
Quad Cities Community Foundation Bettendorf, IA | $165,771,747 | $15,098,956 |
Greater Cedar Rapids Community Foundation Cedar Rapids, IA | $223,368,352 | $26,493,454 |
3m Open Fund Blaine, MN | $2,792,523 | $13,492,516 |
Fargo-Moorhead Area Foundation Corporation Fargo, ND | $123,601,833 | $30,025,035 |
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 |