10-25 Tomorrow Foundation
- Assets
- $623.1k
- Revenue
- $239.7k
- Investments
- $621.1k
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 05/1998
- Data as of
- 12/2023
- EIN
- 41-1894487
Organization Overview
10-25 Tomorrow Foundation is located in Minneapolis, MN. The organization was established in 1998. According to its NTEE Classification (T90) the organization is classified as: Named Trusts 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. 10-25 Tomorrow 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, 10-25 Tomorrow Foundation generated $239.7k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 25.0% each year . All expenses for the organization totaled $227.8k during the year ending 12/2023. While expenses have increased by 25.2% per year over the past 9 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 2015, 10-25 Tomorrow Foundation has awarded 14 individual grants totaling $430,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristine Smith President, Secretary, Trea | 1 | $0 | |
Katie Brisson Anderson Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $223,500 |
| Interest on Savings | $66 |
| Dividends & Interest | $13,567 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,519 |
| Capital Gain Net Income | $2,519 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $14 |
| Total Revenue | $239,666 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $101 |
| Taxes | $3,670 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $12,831 |
| Contributions, gifts, grants paid | $215,000 |
| Total expenses and disbursements | $227,831 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,053 |
| 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 | $621,066 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $623,119 |
| 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, 10-25 Tomorrow Foundation has awarded $215,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
EAST PHILLIPS NEIGHBORHOOD INSTITUTE PURPOSE: GENERAL | $50,000 |
FIREHOUSE PERFORMING ARTS CENTER PURPOSE: GENERAL | $55,000 |
SMALL SUMS PURPOSE: GENERAL | $5,000 |
OCEANIC PRESERVATION SOCIETY PURPOSE: GENERAL | $105,000 |