The Riverway Foundation
- Assets
- $3.5m
- Revenue
- $423.8k
- Investments
- $3.4m
- Employees
- 0
- Location
- Bloomington, MN
- Founding
- 02/1996
- Data as of
- 12/2021
- EIN
- 41-6406915
Organization Overview
The Riverway Foundation is located in Bloomington, MN. The organization was established in 1996. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations 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. Riverway 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 12/2021, Riverway Foundation generated $423.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.6% each year . All expenses for the organization totaled $296.9k during the year ending 12/2021. While expenses have increased by 3.3% per year over the past 7 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 2016, Riverway Foundation has awarded 138 individual grants totaling $806,550. 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 |
|---|---|---|---|
Terry R Becker Trustee | 2 | $0 | |
Austin Bergren Trustee | 0.5 | $0 | |
Laura Lee Baskerville Becker Trustee | 2 | $0 | |
Mary Becker Bergren Trustee | 0.5 | $0 | |
Adam D Becker Trustee | 0.5 | $0 | |
Lee W Becker Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $75,929 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $347,895 |
| Capital Gain Net Income | $347,895 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $423,824 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,068 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $405 |
| Printing and publications | $0 |
| Other expenses | $3,209 |
| Total operating and administrative expenses | $62,651 |
| Contributions, gifts, grants paid | $234,200 |
| Total expenses and disbursements | $296,851 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,113 |
| Savings and temporary cash investments | $73,128 |
| 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 | $811,113 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $11,776 |
| Total assets | $3,535,884 |
| 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, The Riverway Foundation has awarded $186,700 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
Minneapolis, MN PURPOSE: PROGRAM SUPPORT | $50,000 |
URBAN VENTURES PURPOSE: PROGRAM SUPPORT | $40,000 |
Minneapolis, MN PURPOSE: PROGRAM SUPPORT | $10,000 |
East Moline, IL PURPOSE: PROGRAM SUPPORT | $10,000 |
Minneapolis, MN PURPOSE: PROGRAM SUPPORT | $7,500 |
Minneapolis, MN PURPOSE: PROGRAM SUPPORT | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sibley Medical Center Arlington, MN | $31,684,088 | $18,300,359 |
Be The Match Foundation Minneapolis, MN | $21,284,478 | $21,167,274 |
The Burke Foundation Inc Milwaukee, WI | $121,362,007 | $6,169,378 |
Stratis Health Minneapolis, MN | $5,273,023 | $5,800,389 |
Saint Therese St Louis Park, MN | $14,478,951 | $6,726,617 |
Vine And Branches Foundation Inc Brookfield, WI | $8,641,827 | $2,521,561 |
Association Of State Floodplain Managers Inc Madison, WI | $3,465,086 | $3,791,524 |
Hope Haven Support Foundation Rock Valley, IA | $16,499,629 | $3,667,660 |
Butler Family Foundation Dubuque, IA | $48,442,192 | $3,565,783 |
The Lifespace Foundation West Des Moines, IA | $10,594,688 | $4,860,714 |
Realty Holdings Inc Of The Quad Cities Community Foundation Bettendorf, IA | $2,330,664 | $13,430 |
Guardian Angels Of Elk River Inc Elk River, MN | $19,468,009 | $4,444,472 |