Northern Star Foundation
- Assets
- $4.9m
- Revenue
- -$111.6k
- Investments
- $4.7m
- Employees
- 0
- Location
- St Paul, MN
- Founding
- 05/1962
- Data as of
- 10/2022
- EIN
- 41-6030832
Organization Overview
Northern Star Foundation is located in St Paul, MN. The organization was established in 1962. According to its NTEE Classification (U31) the organization is classified as: Astronomy, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northern Star 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 10/2022, Northern Star Foundation generated -$111.6k 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 (9.6%) each year. All expenses for the organization totaled $256.4k during the year ending 10/2022. As we would expect to see with falling revenues, expenses have declined by (3.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Northern Star Foundation has awarded 38 individual grants totaling $1,366,628. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Candace S Hamm President | 0 | $0 | |
Alexandra Hamm Ryan Vice President, Secretary | 0 | $0 | |
Edward H Hamm Jr Vice President, Treasurer | 0 | $0 | |
Katherine Haskins Assistant Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $69 |
| Dividends & Interest | $97,984 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$209,608 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$111,555 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,315 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $239 |
| Total operating and administrative expenses | $44,439 |
| Contributions, gifts, grants paid | $212,000 |
| Total expenses and disbursements | $256,439 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,439 |
| Savings and temporary cash investments | $87,953 |
| 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 | $11,254 |
| Total assets | $4,865,518 |
| 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, Northern Star Foundation has awarded $212,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
HAMM CLINIC PURPOSE: GENERAL FUND - COMMUNITY PROJECTS | $100,000 |
PEGGY ADAMS ANIMAL RESCUE LEAGUE PURPOSE: GENERAL FUND - COMMUNITY PROJECTS | $50,000 |
PALM BEACH ZOO PURPOSE: GENERAL FUND - COMMUNITY PROJECTS | $50,000 |
Palm Beach, FL PURPOSE: GENERAL FUND - COMMUNITY PROJECTS | $6,000 |
1000 FRIENDS OF FLORIDA PURPOSE: GENERAL FUND - COMMUNITY PROJECTS | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northern Star Foundation St Paul, MN | $4,865,518 | -$111,555 |
Minnesota Astronomical Society Minneapolis, MN | $229,778 | $0 |
Wisconsin Eastern Star Foundation Inc Oconomowoc, WI | $312,113 | $35,023 |
Star Prairie Fish And Game Inc Star Prairie, WI | $176,418 | $0 |
Blue Star Mothers Of America Inc Pine City, MN | $8,765 | $0 |
F A Sackett Armstrong Chapel Fund Milwaukee, WI | $226,308 | $46,408 |