Edina Realty Foundation
- Assets
- $338.6k
- Revenue
- $404.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Edina, MN
- Founding
- 05/1996
- Data as of
- 09/2023
- EIN
- 41-1826980
Organization Overview
Edina Realty Foundation is located in Edina, MN. The organization was established in 1996. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations 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. Edina Realty 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 09/2023, Edina Realty Foundation generated $404.1k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $498.2k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Edina Realty Foundation has awarded 777 individual grants totaling $2,256,806. 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
PROVIDE FINANCIAL SUPPORT TO CHARITABLE ORGANIZATIONS THAT PROVIDE HOUSING AND SERVICES TO THE DISADVANTAGED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Sperle Chair Person | 2 | $0 | |
Alex Westman Executive Director | 16 | $0 | |
Scott Teece Officer | 2 | $0 | |
Keenan Olson Officer | 2 | $0 | |
Brette Hermann Officer | 2 | $0 | |
Rick Peck Officer | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $404,133 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $404,133 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $76,808 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $2,725 |
| Travel, conferences, and meetings | $971 |
| Printing and publications | $0 |
| Other expenses | $29,245 |
| Total operating and administrative expenses | $119,529 |
| Contributions, gifts, grants paid | $378,703 |
| Total expenses and disbursements | $498,232 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $301,998 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $26,757 |
| 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 | $9,836 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $338,591 |
| Accounts payable and accrued expenses | $3,286 |
| 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 | $3,286 |
Grants Awarded
Over the last fiscal year, Edina Realty Foundation has awarded $378,702 in support to 145 organizations.
| Grant Recipient | Amount |
|---|---|
AGNES TABLELEGACY COMMUNITY CENTER INC PURPOSE: ASSISTANCE TO THE DISADVANTAGED | $500 |
360 COMMUNITITES PURPOSE: ASSISTANCE TO THE DISADVANTAGED | $6,162 |
ALL SEASONS KENYON THRIFT STORE PURPOSE: ASSISTANCE TO THE DISADVANTAGED | $1,000 |
ANGEL FOUNDATION PURPOSE: ASSISTANCE TO THE DISADVANTAGED | $3,000 |
AREA FOOD SHELF OF NEW RICHLAND PURPOSE: ASSISTANCE TO THE DISADVANTAGED | $500 |
ASSISTANCE & RESOURCE CENTER PURPOSE: ASSISTANCE TO THE DISADVANTAGED | $1,200 |