Land O L Foundation
- Assets
- $1.4m
- Revenue
- $8.0m
- Investments
- $1.4m
- Employees
- 0
- Location
- St Paul, MN
- Founding
- 02/1997
- Data as of
- 12/2021
- EIN
- 41-1864977
Organization Overview
Land O L Foundation is located in St Paul, 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. Land O L 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, Land O L Foundation generated $8.0m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $8.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Land O L Foundation has awarded 5,617 individual grants totaling $55,876,488. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
MID-ATLANTIC GRANTS PROGRAM FUNDS COMMUNITY PROJECTS IN PA, NY, DE, AND NJ INITIATED BY LAND O'LAKES DAIRY FARMER-MBRS
CALIFORNIA REGIONS GRANTS PROGRAM FUNDS COMMUNITY PROJECTS IN THREE AREAS OF CALIFORNIA: ORLAND TULARE, KINGS, BAKERSFIELD AND ONTARIO INITIATED BY LAND O'LAKES DAIRY FARMER-MEMBERS
MEMBER CO-OP MATCH PROGRAM MATCHES DOLLAR-FOR-DOLLAR THEDONATIONS OFLAND O'LAKES MEMBER COOPERATIVES, DOUBLING THE FUNDS AVAILABLE FOR HOMETOWN PROJECTS.
THE ORGANIZATION IS EDUCATING THE PUBLIC ABOUT MODERN FARMING BY PROVIDING EDUCATIONAL FORUMS AND DISPLAYS AT FAIR OAKS FARM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Morgan Kinross-Wright Executive Director | 20 | $102,067 | |
John Habedank Board Member, Chair | 1 | $0 | |
Ryan Lunde Treasurer | 2 | $0 | |
Levi Ransom Vice Chair | 1 | $0 | |
Tom Benoit Board Member | 1 | $0 | |
Mellisa Williams Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,494,942 |
| Interest on Savings | $0 |
| Dividends & Interest | $59,589 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $452,482 |
| Capital Gain Net Income | $452,482 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $8,007,013 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $112,834 |
| Other employee salaries and wages | $94,307 |
| Pension plans, employee benefits | $53,048 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $624,899 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $220,907 |
| Total operating and administrative expenses | $1,116,760 |
| Contributions, gifts, grants paid | $7,137,452 |
| Total expenses and disbursements | $8,254,212 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$7,871 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,405,792 |
| 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, Land O L Foundation has awarded $15,087,452 in support to 2,061 organizations.
| Grant Recipient | Amount |
|---|---|
Minneapolis, MN PURPOSE: FUTURE GIFTS | $6,750,000 |
Ames, IA PURPOSE: EDUCATION GRANTS | $1,500,000 |
Ames, IA PURPOSE: JOHN BRANDT SCHOLARSHIP | $1,000,000 |
Minneapolis, MN PURPOSE: EDUCATION GRANTS | $562,500 |
Minneapolis, MN PURPOSE: EDUCATION GRANTS | $562,500 |
Minneapolis, MN PURPOSE: EDUCATION GRANTS | $562,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Opportunities Unlimited Sioux City, IA | $5,084,189 | $7,147,348 |
Tieszen Memorial Home Inc Marion, SD | $6,223,545 | $5,748,727 |
Lakeshore Cap Inc Of Wisconsin Manitowoc, WI | $4,910,382 | $5,227,133 |
Internet Security Research Group Minneapolis, MN | $6,123,679 | $6,560,425 |
Central Minnesota Housing Partnership Inc St Augusta, MN | $21,605,447 | $4,430,262 |