Harvard Club Of Minnesota Foundation
- Assets
- $444.7k
- Revenue
- $30.9k
- Investments
- $432.6k
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 05/1968
- Data as of
- 06/2024
- EIN
- 41-6083667
Organization Overview
Harvard Club Of Minnesota Foundation is located in Minneapolis, MN. The organization was established in 1968. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, 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. Harvard Club Of Minnesota 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 06/2024, Harvard Club Of Minnesota Foundation generated $30.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $26.6k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Harvard Club Of Minnesota Foundation has awarded 44 individual grants totaling $229,117. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
MENTORING & ACADMEIC SUPPORT FOR COLLEGE STUDENTS OF COLOR - PAGE EDUCATION FOUNDATION
COLLEGE AWARENESS ACADEMIC SUPPORT FOR UNDER RESOURCED POPULATIONS - MINDS MATTER & BREAK THROUGH TWIN CITIES & JUSTAPOSITION ARTS
SUPPORT OF TEACHER & NURSING PROGRAM DEVEWLOPMENT TO ALLOW BETTER EDUCATION & HEALTH SERVICES FOR ALL POPULATIONS - TEACHER & NURSE OF THE YEAR PROGRAMS
MINIKAHDA CLUB TRAINING FOR INTERVIEWING - SKILLS NEEDED IN MANY AREAS OF EDUCATION & PHILANTHROPY & LIFE
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicole Moen Past President | 1 | $0 | |
Jordan Weatherby President | 2 | $0 | |
Maureen Steinwall Treasurer | 2 | $0 | |
Fran Kennedy Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,600 |
| Interest on Savings | $20 |
| Dividends & Interest | $19,793 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,482 |
| Capital Gain Net Income | $8,482 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $30,895 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,026 |
| Total operating and administrative expenses | $10,774 |
| Contributions, gifts, grants paid | $15,779 |
| Total expenses and disbursements | $26,553 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,972 |
| Savings and temporary cash investments | $6,154 |
| 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 | $444,676 |
| 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, Harvard Club Of Minnesota Foundation has awarded $15,779 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
MN TEACHER OF THE YEAR PURPOSE: PROVIDE EDUCATIONAL EXPERIENCE FOR MN TEACHER OF THE YEAR | $279 |
PAGE EDUCATION FOUNDATION PURPOSE: ENCOURAGE, MOTIVATE, ASSIST STUDENTS OF COLOR IN POST SECONDARY EDUCATION | $5,000 |
BREAK THROUGH TWIN CITIES PURPOSE: PREPARE UNDER RESOURCED STUDENT FOR COLLEGE SUCCESS | $5,000 |
MINDS MATTER TWIN CITIES PURPOSE: PROVIDE MENTORING, ACADEMIC SUPPORT TO HIGH SCHOOL STUDENTS | $5,000 |
JUSTAPOSITION ARTS PURPOSE: ENGAGE & EMPLOY YOUNG URBAN ARTISTS IN HAND ON EDUCATION INITIATIVES | $500 |