Batc Foundation
- Assets
- $1.8m
- Revenue
- $773.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Roseville, MN
- Founding
- 05/1997
- Data as of
- 12/2021
- EIN
- 41-1802616
Organization Overview
Batc Foundation, operating under the name Housing First Minnesota Foundation, is located in Roseville, MN. The organization was established in 1997. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Housing First Minnesota 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 12/2021, Housing First Minnesota Foundation generated $773.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $580.0k during the year ending 12/2021. While expenses have increased by 3.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO WORK IN PARTNERSHIP WITH OTHERS TO PROVIDE SAFE, DURABLE, AFFORDABLE HOUSING FOR MINNESOTA'S HOMELESS, VETERANS AND OTHERS IN NEED. AS THE CHARITABLE ARM OF BATC-HOUSING FIRST MINNESOTA, THE FOUNDATION PARTNERS WITH LOCAL HOMELESS SERVICE PROVIDERS AND TAPS THE TALENTS AND RESOURCES OF THE ASSOCIATION'S MEMBER BUILDERS, REMODELERS, SUPPLIERS, AND VOLUNTEERS TO BUILD NEW OR RENOVATE EXISTING TRANSITIONAL HOUSING FACILITIES FOR THOSE EXPERIENCING HOMELESSNESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY BUILD PROJECTS-HOUSING FOR HEROES TWO COMMUNITY BUILD PROJECTS WITH BUILD PARTNER LENNAR WERE COMPLETED FOR THE MINNESOTA ASSISTANCE COUNCIL FOR VETERANS (MACV) TO SERVE AS SUPPORTIVE HOUSING FOR VETERANS AND THEIR FAMILIES EXPERIENCING HOMELESSNESS. THESE TWO NEW CONSTRUCTION FOUR-BEDROOM HOMES LOCATED IN NORTH MINNEAPOLIS WILL PROVIDE TRANSITIONAL HOUSING FOR APPROXIMATELY 20 VETERANS ON AN ANNUAL BASIS. ONE PROJECT INCLUDES AN ACCESSORY DWELLING UNIT TO PROVIDE ADDED HOUSING FLEXIBILITY AND MAXIMIZE USE OF THE LOT. MACV OWNS BOTH PROJECTS AND PROVIDES VETERANS WITH CASE MANAGEMENT, EMPLOYMENT AND LEGAL SERVICES TO HELP THEM REGAIN CONFIDENCE AND SELF-SUFFICIENCY. THESE PROJECTS PROVIDED APPROXIMATELY 5,000 SQUARE FEET OF SUPPORTIVE HOUSING IN THE COMMUNITY. WITH PARTICIPATION OF BUILD AND TRADE PARTNERS AND FUNDING FROM THE FOUNDATION $520K OF CONSTRUCTION COST WAS DONATED PROVIDING PROJECTS VALUED AT $880K FOR A FRACTION OF THE COST FOR THE SERVICE PROVIDER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Fuschetto Secretary | OfficerTrustee | 1.5 | $0 |
Kathy Greiner Vice President | OfficerTrustee | 1.5 | $0 |
Kate Hamilton Treasurer | OfficerTrustee | 1.5 | $0 |
Paul Roecker President | OfficerTrustee | 1.5 | $0 |
David Siegel Executive Director | Officer | 5 | $0 |
Janice Meyer VP Finance | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $186,386 |
| Related organizations | $25,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $302,554 |
| Noncash contributions included in lines 1a–1f | $77,145 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $513,940 |
| Total Program Service Revenue | $0 |
| Investment income | $85,272 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $174,297 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $773,608 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $162,965 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,594 |
| Payroll taxes | $0 |
| Fees for services: Management | $32,000 |
| 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 | $19,543 |
| Advertising and promotion | $824 |
| Office expenses | $8,725 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,791 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,854 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $7,308 |
| Total functional expenses | $580,045 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $397,629 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $22,893 |
| 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 | $9,102 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,343,204 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,478 |
| Total assets | $1,790,306 |
| Accounts payable and accrued expenses | $260,071 |
| 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 | $0 |
| Total liabilities | $260,071 |
| Net assets without donor restrictions | $1,530,235 |
| 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 | $1,790,306 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Batc Foundation has recieved totaling $70,000.
| Awarding Organization | Amount |
|---|---|
Builders Association Of The Twin Cities Roseville, MN PURPOSE: CHARITABLE CONTRIBUTION | $25,000 |
Minneapolis Area Board Of Realtors Foundation Inc Minneapolis, MN PURPOSE: GENERAL OPERATIONS. | $25,000 |
National Christian Chartitable Foundation Inc Alpharetta, GA PURPOSE: POVERTY | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: NEW | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Augustana Care Edina, MN | $116,750,556 | $60,968,298 |
Iowa Donor Network North Liberty, IA | $39,614,924 | $35,703,085 |
Wellpoint Care Network Inc Milwaukee, WI | $8,696,347 | $28,630,570 |
Woodward Youth Corporation Woodward, IA | $6,374,013 | $25,268,723 |
Child Care Choices Inc Waite Park, MN | $3,894,332 | $22,493,695 |
Nexus-Woodbourne Family Healing Plymouth, MN | $7,774,084 | $15,090,420 |
Fem Electric Association Inc Ipswich, SD | $42,436,941 | $15,874,732 |
Benedictine Living Communities - Bismarck Inc Minneapolis, MN | $16,928,888 | $16,060,276 |
Simpson Housing Services Inc Minneapolis, MN | $10,361,616 | $11,738,483 |
Art Of Living Foundation Fairfield, IA | $25,087,396 | $11,765,416 |
Land O L Foundation St Paul, MN | $1,405,792 | $8,007,013 |
Bridging Incorporated Bloomington, MN | $8,455,401 | $8,965,404 |