Takeaction Minnesota Education Fund
- Assets
- $26.7m
- Revenue
- $8.7m
- Investments
- $0.0
- Employees
- 0
- Location
- St Paul, MN
- Founding
- 12/1989
- Data as of
- 06/2021
- EIN
- 41-1635130
Organization Overview
Takeaction Minnesota Education Fund is located in St Paul, MN. The organization was established in 1989. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Takeaction Minnesota Education Fund 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 06/2021, Takeaction Minnesota Education Fund generated $8.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 28.2% each year . All expenses for the organization totaled $16.6m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Takeaction Minnesota Education Fund has awarded 97 individual grants totaling $13,257,355. 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
TAKEACTION MINNESOTA ENVISIONS A MINNESOTA DEDICATED TO THE PRINCIPLES OF STRONG COMMUNITIES, DEMOCRACY, AND EQUAL OPPORTUNITY FOR ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TAKEACTION MINNESOTA EDUCATION FUND IS AN ALLIANCE OF INSTITUTIONS AND INDIVIDUALS WHO COME TOGETHER TO BUILD THE POWER OF DIVERSE PEOPLE, COMMUNITIES, AND ORGANIZATIONS IN ACTIVE GRASSROOTS DEMOCRACY THAT ADVANCES RACIAL, SOCIAL, AND ECONOMIC JUSTICE. WE WORK TOWARD A STATE THAT RECOGNIZES THE INHERENT WORTH AND DIGNITY OF EVERY PERSON, AND WHOSE GOVERNMENT AND ECONOMY OPERATE BY US AND FOR US. TAKEACTION MINNESOTA EDUCATION FUND TOOK A LEADERSHIP ROLE IN KEEPING RENT DOWN FOR MINNEAPOLIS AND ST. PAUL RESIDENTS. VOTERS IN BOTH CITIES ADOPTED RENT STABILIZATION MEASURES WITH 53% OF THE VOTE. ST. PAUL PASSED ONE OF THE STRONGEST RENT CONTROL LAWS IN THE COUNTRY, AND MORE OF OUR NEIGHBORS IN BOTH CITIES WILL NOW BE ABLE TO STAY IN THEIR HOMES. TAKEACTION MINNESOTA EDUCATION FUND ALSO WORKED IN COALITION TO TRANSFORM PUBLIC SAFETY IN MINNEAPOLIS. OUR WORK RESULTED IN WINNING $3.75 MILLION FOR THE MINNEAPOLIS OFFICE OF VIOLENCE PREVENTION TO INVEST IN COMMUNITY SAFETY PRACTICES THAT DO NOT RELY ON AN ARMED RESPONSE. IN 2021, TAKEACTION MINNESOTA EDUCATION FUND MOBILIZED 444 VOLUNTEERS, PARTNERED WITH 158 ORGANIZATIONS AND PUBLISHED OVER 100 BLOG POSTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Greenfield Chair | OfficerTrustee | 2 | $0 |
Elianne Farhat Executive Director | Officer | 8.5 | $0 |
Monica Meyer Director - Thru May | Trustee | 2 | $0 |
Ben Goldfarb Director | Trustee | 2 | $0 |
Luchelle Stevens Director - After May | Trustee | 2 | $0 |
Francisco Segovia Director - Thru April | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $105 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,608,601 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,608,706 |
| Total Program Service Revenue | $125,188 |
| Investment income | $4,161 |
| 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 | $8,738,055 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,032,589 |
| Grants and other assistance to domestic individuals. | $424,817 |
| 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 | $30,839 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $16,591,895 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,521,657 |
| Savings and temporary cash investments | $1,362,284 |
| Pledges and grants receivable | $1,018,750 |
| Accounts receivable, net | $24,663 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $22,774,762 |
| Total assets | $26,702,116 |
| Accounts payable and accrued expenses | $2,389,384 |
| 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 | $284,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $22,772,922 |
| Total liabilities | $25,446,306 |
| Net assets without donor restrictions | -$327,804 |
| Net assets with donor restrictions | $1,583,614 |
| 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 | $26,702,116 |
Grants Awarded
Over the last fiscal year, Takeaction Minnesota Education Fund has awarded $10,009,933 in support to 44 organizations.
| Grant Recipient | Amount |
|---|---|
Saint Paul, MN PURPOSE: COMMUNITY SAFETY GRANT FROM BLACKVISION/RECLAIM THE BLOCK | $7,192,500 |
St Paul, MN PURPOSE: COMMUNITY SAFETY GRANT FROM BLACKVISION/RECLAIM THE BLOCK | $725,000 |
St Paul, MN PURPOSE: COMMUNITY SAFETY GRANT FROM BLACKVISION/RECLAIM THE BLOCK AND RFF/MCKNIGHT REGRANTS | $183,333 |
Minneapolis, MN PURPOSE: COMMUNITY SAFETY GRANT FROM BLACKVISION/RECLAIM THE BLOCK | $150,000 |
Minneapolis, MN PURPOSE: COMMUNITY SAFETY GRANT FROM BLACKVISION/RECLAIM THE BLOCK | $150,000 |
Minneapolis, MN PURPOSE: COMMUNITY SAFETY GRANT FROM BLACKVISION/RECLAIM THE BLOCK | $100,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Takeaction Minnesota Education Fund has recieved totaling $3,000.
| Awarding Organization | Amount |
|---|---|
W James And Jane K Truettner Foundation Crested Butte, CO PURPOSE: GENERAL SUPPORT | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Black River Electric Cooperative Fredericktown, MO | $138,131,330 | $49,558,459 |
Credit Unions Chartered In The State Of Michigan Frankenmuth, MI | $1,071,337,170 | $67,769,311 |
Tri-County Electric Cooperative Mount Vernon, IL | $133,948,921 | $48,522,537 |
Credit Unions Chartered In The State Of Michigan Grand Blanc, MI | $1,236,875,968 | $71,459,461 |
New Mac Electric Cooperative Inc Neosho, MO | $135,294,797 | $45,962,047 |
Three Rivers Electric Cooperative Linn, MO | $111,680,117 | $44,711,641 |
Blue Earth Nicollet Faribault Cooperative Electric Association Mankato, MN | $118,260,844 | $45,959,324 |
Semo Electric Cooperative Sikeston, MO | $155,297,219 | $43,598,236 |
Credit Unions Chartered In The State Of Michigan Midland, MI | $2,159,950,542 | $56,115,396 |
Credit Unions Chartered In The State Of Michigan Traverse City, MI | $896,646,295 | $51,854,069 |
Capital Electric Cooperative Inc Bismarck, ND | $133,692,620 | $42,124,624 |
Oakdale Electric Cooperative Oakdale, WI | $108,949,694 | $41,848,166 |