Ciresi Walburn Foundation For Children
- Assets
- $31.2m
- Revenue
- $1.3m
- Investments
- $29.9m
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 02/2000
- Data as of
- 03/2022
- EIN
- 41-1955286
Organization Overview
Ciresi Walburn Foundation For Children is located in Minneapolis, MN. The organization was established in 2000. 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. Ciresi Walburn Foundation For Children 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 03/2022, Ciresi Walburn Foundation For Children generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.8%) each year. All expenses for the organization totaled $2.9m during the year ending 03/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Ciresi Walburn Foundation For Children has awarded 95 individual grants totaling $7,438,297. 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 |
|---|---|---|---|
John F Eisberg Vice Chair | 2 | $0 | |
Doris Baylor Director | 2 | $0 | |
Michael J O'connell Director | 2 | $0 | |
Michael V Ciresi Chair | 20 | $0 | |
Roberta Walburn Secretary/treasurer | 20 | $0 | |
Gloria Perez Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,415 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,104,291 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $175,284 |
| Capital Gain Net Income | $175,284 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $15,078 |
| Total Revenue | $1,296,068 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $215,469 |
| Pension plans, employee benefits | $6,464 |
| Interest | $0 |
| Taxes | $26,996 |
| Depreciation | $0 |
| Occupancy | $6,929 |
| Travel, conferences, and meetings | $46,037 |
| Printing and publications | $0 |
| Other expenses | $80,539 |
| Total operating and administrative expenses | $579,951 |
| Contributions, gifts, grants paid | $2,340,096 |
| Total expenses and disbursements | $2,920,047 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $116,893 |
| Savings and temporary cash investments | $1,123,549 |
| 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 | $1,850,621 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $48,895 |
| Total assets | $31,215,919 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $6,000,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $6,918 |
| Total liabilities | $6,006,918 |
Grants Awarded
Over the last fiscal year, Ciresi Walburn Foundation For Children has awarded $2,340,096 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
St Paul, MN PURPOSE: RKMC FOUNDATION FOR CHILDREN SCHOLARSHIP AND CAPACITY BUILDING FOR AFRICAN AMERICAN MEN GRANTS ISSUED | $461,596 |
Minneapolis, MN PURPOSE: TRAINING THE EMERGING WORKFORCE | $125,000 |
WAY TO GROW PURPOSE: GREAT BY 8 EARLY CHILDHOOD EDUCATION | $125,000 |
ASCENSION CHURCH AND SCHOOL PURPOSE: ASCENSION CATHOLIC ACADEMY | $100,000 |
Minneapolis, MN PURPOSE: GENERAL OPERATING SUPPORT | $100,000 |
Minneapolis, MN PURPOSE: PERMANENTLY CLOSE THE ACHIEVEMENT GAP AND END GENERATIONAL PROVERTY | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
William F Vilas Estate Oregon, WI | $133,759,429 | $14,905,447 |
Woodbourne Charitable Trust Plymouth, MN | $1,142,964 | $10,020,932 |
James M Stanton Foundation Bloomington, MN | $29,105,685 | $38,323,984 |
Cokato Charitable Trust Cokato, MN | $9,103,416 | $8,785,306 |
Jay And Rose Phillips Family Foundation Of Minnesota Minneapolis, MN | $65,545,808 | $6,097,586 |
Hennessey Charitable Trust Dubuque, IA | $69,986,391 | $0 |
Marie H Bechtel Charitable Trust Davenport, IA | $48,721,172 | $1,150,391 |
Henry J Predolin Foundation Inc Madison, WI | $69,057,848 | $691,560 |
Ciresi Walburn Foundation For Children Minneapolis, MN | $31,215,919 | $1,296,068 |
Holthues Tr Muscatine, IA | $22,886,855 | $2,685,899 |
Murphy Charitable Family Foundation Ankeny, IA | $6,139,720 | $12,111 |
Conrad Heskin Charitable Trust Grand Forks, ND | $0 | $281,368 |