Episcopal Homes Foundation Of Minnesota
- Assets
- $22.7m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- St Paul, MN
- Founding
- 01/2011
- Data as of
- 12/2021
- EIN
- 41-1703612
Organization Overview
Episcopal Homes Foundation Of Minnesota is located in St Paul, MN. The organization was established in 2011. According to its NTEE Classification (L12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Episcopal Homes Foundation Of Minnesota 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, Episcopal Homes Foundation Of Minnesota generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.3% each year . All expenses for the organization totaled $1.0m during the year ending 12/2021. While expenses have increased by 12.6% 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 2014, Episcopal Homes Foundation Of Minnesota has awarded 16 individual grants totaling $4,270,026. 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
CARRY OUT THE PURPOSES OF THE AFFILIATES OF EPISCOPAL HOMES OF MINNESOTA TO SERVE THE NEEDS OF ELDERLY PERSONS IN MINNESOTA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES GRANTS TO EPISCOPAL CHURCH HOME OF MINNESOTA AND OTHER AFFILIATES OF EPISCOPAL HOMES OF MINNESOTA FOR THE PURPOSE OF SUPPORTING THOSE ORGANIZATIONS IN THEIR PURPOSE OF PROVIDING SKILLED NURSING CARE AND HOUSING FOR THE ELDERLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Gove Chair | OfficerTrustee | 0.1 | $0 |
Melissa Gilbertson Vice-Chair | OfficerTrustee | 0.1 | $0 |
Carol Forbes Secretary | OfficerTrustee | 0.1 | $0 |
Brian Ostenso Treasurer | OfficerTrustee | 0.1 | $0 |
Steven Mork COO | Officer | 3 | $0 |
John T Henry CFO | Officer | 3 | $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 | $551,045 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $551,045 |
| Total Program Service Revenue | $374,903 |
| Investment income | $208,190 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $302,343 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,436,533 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $533,852 |
| Grants and other assistance to domestic individuals. | $65,279 |
| 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 | $221,190 |
| Pension plan accruals and contributions | $4,179 |
| Other employee benefits | $25,370 |
| Payroll taxes | $15,663 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,960 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $55,693 |
| Fees for services: Other | $61,845 |
| Advertising and promotion | $201 |
| Office expenses | $0 |
| Information technology | $10,646 |
| 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 | $14,346 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $42 |
| Insurance | $0 |
| All other expenses | $42 |
| Total functional expenses | $1,017,246 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $795,449 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $196,028 |
| Accounts receivable, net | $19,355 |
| 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 | $4,653 |
| Net Land, buildings, and equipment | $649 |
| Investments—publicly traded securities | $18,420,833 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,245,296 |
| Total assets | $22,682,263 |
| Accounts payable and accrued expenses | $45,601 |
| 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 | $6,237,726 |
| Total liabilities | $6,283,327 |
| Net assets without donor restrictions | $13,033,295 |
| Net assets with donor restrictions | $3,365,641 |
| 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 | $22,682,263 |
Grants Awarded
Over the last fiscal year, Episcopal Homes Foundation Of Minnesota has awarded $533,852 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Saint Paul, MN PURPOSE: OPERATIONAL SUPPORT | $375,473 |
St Paul, MN PURPOSE: OPERATIONAL SUPPORT | $144,005 |
St Paul, MN PURPOSE: OPERATIONAL SUPPORT | $14,374 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Episcopal Homes Foundation Of Minnesota has recieved totaling $38,100.
| Awarding Organization | Amount |
|---|---|
Saint Paul & Minnesota Foundation Saint Paul, MN PURPOSE: MULTIPLE GRANTS FOR MULTIPLE PURPOSES | $27,000 |
Minneapolis Foundation Minneapolis, MN PURPOSE: DONOR-RECOMMENDED, HEALTH | $6,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $5,100 |
Endowment Analysis
| Beg. Balance | $1,258,567 |
| Earnings | $156,330 |
| Ending Balance | $1,414,897 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lss Foundation Inc West Allis, WI | $32,868,828 | $1,061,850 |
Edward And Hannah M Rutledge Charities Inc Chippewa Falls, WI | $0 | $2,022,116 |
Episcopal Homes Foundation Of Minnesota St Paul, MN | $22,682,263 | $1,436,533 |
Wheda Foundation Inc Madison, WI | $1,008,183 | $1,000,000 |
Housing Action Coalition Of Waukesha County Inc Waukesha, WI | $1,671,468 | $1,634,041 |
Western Home Foundation Cedar Falls, IA | $4,665,350 | $1,131,480 |
Southwest Iowa Housing Trust Fund Inc Atlantic, IA | $249,762 | $246,759 |
Waterloo Housing Trust Fund Waterloo, IA | $75,553 | $195,062 |
Porchlight Foundation Inc Madison, WI | $729,391 | $66,302 |
Genesis Homes Charitable Organization Waukee, IA | $0 | $0 |
Anawim Housing Foundation Des Moines, IA | $0 | $0 |