Pohlad Family Foundation
- Assets
- $89.9m
- Revenue
- $4.3m
- Investments
- $71.9m
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 06/1994
- Data as of
- 12/2023
- EIN
- 41-1768558
Organization Overview
Pohlad Family Foundation is located in Minneapolis, MN. The organization was established in 1994. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Pohlad Family 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 12/2023, Pohlad Family Foundation generated $4.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (25.8%) each year. All expenses for the organization totaled $15.0m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Pohlad Family Foundation has awarded 2,199 individual grants totaling $81,494,135. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE IN 2023
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James O Pohlad Director/vice President | 0 | $0 | |
Robert C Pohlad Director/vice President | 0 | $0 | |
William M Pohlad Director/president | 0 | $0 | |
Susan Bass Roberts Executive Director | 40 | $360,269 | |
Pamela E Omann Secretary/treasurer | 0 | $0 | |
Carl R Pohlad Deceased 152009 Na | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,010,732 |
| Interest on Savings | $362,436 |
| Dividends & Interest | $644,416 |
| Net Rental Income | $120 |
| Net Gain on Sale of Assets | -$2,672,776 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,344,928 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $360,269 |
| Other employee salaries and wages | $897,953 |
| Pension plans, employee benefits | $178,798 |
| Interest | $0 |
| Taxes | $75,455 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $862,805 |
| Total operating and administrative expenses | $2,405,318 |
| Contributions, gifts, grants paid | $12,630,318 |
| Total expenses and disbursements | $15,035,636 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,846,620 |
| Savings and temporary cash investments | $9,011,513 |
| Net Accounts receivable | $128 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $40,375,777 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $7,150,691 |
| Total assets | $89,941,706 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Pohlad Family Foundation has awarded $24,567,818 in support to 527 organizations.
| Grant Recipient | Amount |
|---|---|
AGAPE OASIS PURPOSE: PROGRAM | $75,000 |
AIN DAH YUNG CENTER PURPOSE: PROGRAM | $200,000 |
ALL SQUARE PURPOSE: PROGRAM | $100,000 |
AMALGAMATED CHARITABLE FOUNDATION PURPOSE: PROGRAM | $400,000 |
AMERICAN INDIAN FAMILY CENTER PURPOSE: PROGRAM | $175,000 |
ASIAN WOMEN UNITED OF MINNESOTA PURPOSE: GENERAL OPERATING | $100,000 |