Interfaith Outreach And Community Partners Endowment Fund
- Assets
- $6.5m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Plymouth, MN
- Founding
- 07/2014
- Data as of
- 12/2021
- EIN
- 45-4896350
Organization Overview
Interfaith Outreach And Community Partners Endowment Fund is located in Plymouth, MN. The organization was established in 2014. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Interfaith Outreach And Community Partners Endowment Fund 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, Interfaith Outreach And Community Partners Endowment Fund generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.0% each year . All expenses for the organization totaled $58.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO MANAGE FUNDS THAT SUPPORT ITS SOLE BENEFICIARY, INTERFAITH OUTREACH AND COMMUNITY PARTNERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL SUPPORT TO INTERFAITH OUTREACH AND COMMUNITY PARTNERS. INTERFAITH OUTREACH AND COMMUNITY PARTNERS IS A COMMUNITY-BASED OUTREACH ORGANIZATION WITH A 43-YEAR HISTORY OF SERVING LOW-INCOME FAMILIES AND INDIVIDUALS OF EIGHT WEST SUBURBAN COMMUNITIES OF THE TWIN CITIES. INTERFAITH OUTREACH AND COMMUNITY PARTNERS DIRECT SERVICES EMPLOY A COMPREHENSIVE SERVICE APPROACH IN SIX IMPACT AREAS - FAMILY SUPPORT, FOOD, HOUSING AND NEIGHBORHOODS, EMPLOYMENT, EDUCATION AND YOUTH, AND TRANSPORTATION - AN APPROACH THAT HELPS PEOPLE STABILIZE IN TIMES OF CRISES AND ACCESS RESOURCES AND OPPORTUNITIES THAT LEAD TO POSITIVE CHANGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Meyer Member | OfficerTrustee | 1 | $0 |
Patrick Knight Chair | OfficerTrustee | 2 | $0 |
Michael Poch Treasurer | OfficerTrustee | 2 | $0 |
Susan Bode Member | OfficerTrustee | 1 | $0 |
Daniel Fazendin Vice Chair | OfficerTrustee | 2 | $0 |
Nancy Hughes Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $527,947 |
| Noncash contributions included in lines 1a–1f | $254,306 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $527,947 |
| Total Program Service Revenue | $0 |
| Investment income | $74,677 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $816,860 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,419,484 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,775 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $56,011 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $195 |
| Total functional expenses | $57,981 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $148,134 |
| Savings and temporary cash investments | $1,734 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $6,383,762 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,533,630 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $6,038,934 |
| Net assets with donor restrictions | $494,696 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,533,630 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Interfaith Outreach And Community Partners Endowment Fund has recieved totaling $8,600.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $8,600 |
Endowment Analysis
| Beg. Balance | $5,667,396 |
| Earnings | $396,268 |
| Admin Expense | $57,981 |
| Net Contributions | $527,947 |
| Ending Balance | $6,533,630 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bi-County Community Action Programs Inc Bemidji, MN | $4,444,331 | $10,197,107 |
District Council Of Madison Inc Society Of St Vincent De Paul Madison, WI | $28,009,040 | $10,756,088 |
Tri County Action Program Inc Waite Park, MN | $7,447,011 | $9,188,205 |
Good Shepherd Home Ltd Seymour, WI | $8,463,620 | $9,263,497 |
Catholic Charities Of The Archdiocese Of Milwaukee Inc Milwaukee, WI | $4,551,488 | $6,483,716 |
Indianhead Community Action Agency Ladysmith, WI | $6,806,545 | $7,146,116 |
Creative Community Options Inc Johnston, IA | $4,592,571 | $10,600,664 |
Minnesota River Area Agency On Aging Inc Mankato, MN | $2,137,697 | $7,668,556 |
Table To Table Food Distribution Network Iowa City, IA | $760,953 | $7,547,315 |
Native American Veterans Assistance Pine Ridge, SD | $3,554,178 | $8,561,228 |
Nexus Diversified Community Services Plymouth, MN | $72,247,234 | $7,466,723 |
Siouxland Human Investment Partnership Inc Sioux City, IA | $5,602,100 | $7,652,226 |