Knute Nelson Foundation
- Assets
- $3.8m
- Revenue
- $430.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Alexandria, MN
- Founding
- 10/1984
- Data as of
- 09/2021
- EIN
- 41-1451486
Organization Overview
Knute Nelson Foundation is located in Alexandria, MN. The organization was established in 1984. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Knute Nelson 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 09/2021, Knute Nelson Foundation generated $430.0k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $406.3k during the year ending 09/2021. While expenses have increased by 1.9% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE SUPPORT TO KNUTE NELSON.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE KNUTE NELSON FOUNDATION SUPPORTS KNUTE NELSON BY SECURING PHILANTHROPIC FUNDS TO ADVANCE THE MISSION OF "ENRICHING THE LIVES OF EVERYONE WE SERVE". GENEROUS INDIVIDUALS AND ORGANIZATIONS HAVE HELPED TO INVEST IN THE MISSION OF KNUTE NELSON TO INTRODUCE AND EXPAND INNOVATIVE APPROACHES TO OUR DELIVERY OF CARE FOR AGING ADULTS THROUGHOUT OUR CONTINUUM OF SERVICES. IT IS THROUGH THE TREMENDOUS GIVING OF OUR DONORS AND VOLUNTEERS THAT KNUTE NELSON HAS BEEN ABLE TO ACCOMPLISH A VARIETY OF INITIATIVES THROUGH THE KNUTE NELSON FOUNDATION. (CONTINUED ON SCHEDULE O) IN THIS LAST FISCAL YEAR, SEVERAL INITIATIVES THAT WERE REALIZED AS A RESULT OF CHARITABLE SUPPORT INCLUDE:--HOSPICE SERVICES: PROVIDING ENRICHING SERVICES AND ESSENTIAL CARE AND SUPPORT TO THOSE WHO ARE TERMINALLY ILL AND FOR THEIR FAMILIES. --CERTIFIED NURSING ASSISTANT EDUCATION: PROVIDING INDUSTRY RECOGNIZED TRAINING TO HIGH SCHOOL STUDENTS AT THE ALEXANDRIA AREA HIGH SCHOOL TO ENCOURAGE THEM TO CONSIDER HEALTH CARE CAREERS. --WELLNESS AND CLINICAL EQUIPMENT: PROVIDING A VARIETY OF EQUIPMENT TO ENHANCE THE QUALITY OF CARE AND WELLNESS SERVICES TO RESIDENTS AND MEMBERS.--RESIDENT ACTIVITIES: PROVIDING ENTERTAINMENT OPPORTUNITIES AND BUILDING COMMUNITY FOR RESIDENTS. EXAMPLES INCLUDE HAPPY HOUR, MUSICAL ENTERTAINERS, STYLE SHOWS AND MORE. --ENDOWMENT/UNRESTRICTED: GIVING TO THE ENDOWMENT FUND TO ALLOW KNUTE NELSON TO ALLOCATE FUNDS WHERE THEY ARE MOST NEEDED TO MEET OUR MISSION. --CHAPLAINCY AND SPIRITUAL CARE PROGRAM: SUPPORTING RESIDENTS ON THEIR FAITH JOURNEY WITH ESSENTIAL PROGRAMMING. --CAREGIVER SCHOLARSHIPS: FUNDING DIRECTED FOR CAREGIVING STAFF TO PURSUE THEIR EDUCATION WITHIN THE FIELD OF HEALTH CARE. --EQUIPPING LEADERS WITH SCHOLARSHIPS: SUPPORTING ALL EMPLOYEES WITH VITAL LEARNING OPPORTUNITIES AND EDUCATION --BENEVOLENCE CARE: SUPPORTING THOSE WHO HAVE OUTLIVED THEIR RESOURCES TO ENSURE THE HIGHEST QUALITY CARE AND SERVICES IS PROVIDED TO THEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terri Bursch Vice Chair | OfficerTrustee | 1 | $0 |
Elliot Christensen Chair | OfficerTrustee | 1 | $0 |
Richard Moen Treasurer | OfficerTrustee | 1 | $0 |
Pam Carlson Secretary | OfficerTrustee | 1 | $0 |
Mark Anderson President/ceo | Officer | 5 | $0 |
Marnie Gugisbergsr Vp Chief Financial Officer | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $22,965 |
| Related organizations | $0 |
| Government grants | $59,594 |
| All other contributions, gifts, grants, and similar amounts not included above | $232,061 |
| Noncash contributions included in lines 1a–1f | $36,161 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $314,620 |
| Total Program Service Revenue | $0 |
| Investment income | $107,339 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $8,007 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $429,966 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $174,910 |
| Grants and other assistance to domestic individuals. | $56,769 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $138,722 |
| Advertising and promotion | $3,080 |
| Office expenses | $2,703 |
| Information technology | $15,514 |
| 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 | $713 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $223 |
| Total functional expenses | $406,302 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $214,379 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $210,228 |
| 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 | $5,500 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,402,553 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,832,660 |
| 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 | $75,000 |
| Other liabilities | $0 |
| Total liabilities | $75,000 |
| Net assets without donor restrictions | $3,757,660 |
| Net assets with donor restrictions | $0 |
| 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 | $3,832,660 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Knute Nelson Foundation has recieved totaling $18,105.
| Awarding Organization | Amount |
|---|---|
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $10,000 |
Communitygiving St Cloud, MN PURPOSE: GEN/OPER SUPPORT | $8,050 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $55 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
William F Vilas Estate Oregon, WI | $133,759,429 | $14,905,447 |
Woodbourne Charitable Trust Plymouth, MN | $1,142,964 | $10,020,932 |
James M Stanton Foundation Bloomington, MN | $29,105,685 | $38,323,984 |
Cokato Charitable Trust Cokato, MN | $9,103,416 | $8,785,306 |
Jay And Rose Phillips Family Foundation Of Minnesota Minneapolis, MN | $65,545,808 | $6,097,586 |
Hennessey Charitable Trust Dubuque, IA | $69,986,391 | $0 |
Marie H Bechtel Charitable Trust Davenport, IA | $48,721,172 | $1,150,391 |
Henry J Predolin Foundation Inc Madison, WI | $69,057,848 | $691,560 |
Ciresi Walburn Foundation For Children Minneapolis, MN | $31,215,919 | $1,296,068 |
Holthues Tr Muscatine, IA | $22,886,855 | $2,685,899 |
Murphy Charitable Family Foundation Ankeny, IA | $6,139,720 | $12,111 |
Conrad Heskin Charitable Trust Grand Forks, ND | $0 | $281,368 |