Ciresi Walburn Foundation For Children
- Assets
- $39.4m
- Revenue
- $2.0m
- Investments
- $38.8m
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 02/2000
- Data as of
- 03/2023
- 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 03/2023, Ciresi Walburn Foundation For Children generated $2.0m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $2.3m during the year ending 03/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Ciresi Walburn Foundation For Children has awarded 121 individual grants totaling $9,097,765. 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 |
|---|---|---|---|
Michael V Ciresi Chair | 20 | $0 | |
John F Eisberg Vice Chair | 2 | $0 | |
Louis King II Director | 2 | $0 | |
Michael J O'connell Director | 2 | $0 | |
Carolyn Smallwood Director | 2 | $0 | |
Roberta Walburn Secretary/treasurer | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $82,380 |
| Interest on Savings | $0 |
| Dividends & Interest | $947,491 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,011,332 |
| Capital Gain Net Income | $998,418 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,018 |
| Total Revenue | $2,046,221 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $238,843 |
| Pension plans, employee benefits | $6,891 |
| Interest | $0 |
| Taxes | $17,584 |
| Depreciation | $0 |
| Occupancy | $8,745 |
| Travel, conferences, and meetings | $40,230 |
| Printing and publications | $641 |
| Other expenses | $151,669 |
| Total operating and administrative expenses | $635,691 |
| Contributions, gifts, grants paid | $1,659,468 |
| Total expenses and disbursements | $2,295,159 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,147 |
| Savings and temporary cash investments | $465,551 |
| 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 | $900,833 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $69,835 |
| Total assets | $39,381,783 |
| Accounts payable and accrued expenses | $410 |
| Grants payable | $5,426,500 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $8,887,407 |
| Total liabilities | $14,314,317 |
Grants Awarded
Over the last fiscal year, Ciresi Walburn Foundation For Children has awarded $1,659,468 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
ASCENSION CHURCH AND SCHOOL PURPOSE: ASCENSION CATHOLIC ACADEMY | $100,000 |
EAST SIDE LEARNING CENTER PURPOSE: LITERACY TUTORING TO CHILDREN ONE-ON-ONE | $15,000 |
ED ALLIES PURPOSE: GENERAL OPERATING SUPPORT | $100,000 |
GREATER MN SCHOOLS PURPOSE: TRANSFORMING EDUCATION EQUITY FOR STUDENTS OF ALL RACES, MEANS AND ORIGINS | $50,000 |
GROVES LEARNING ORGANIZATION PURPOSE: EMPOWER LEARNER TO DISCOVER THEIR BRILLIANCE | $33,968 |
HENNEPIN SCHOOLS PURPOSE: ENSURE ALL STUDENTS ACHIEVE SUCCESS | $50,000 |