The Green Fern Foundation
- Assets
- $108.9m
- Revenue
- $8.5m
- Investments
- $101.3m
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 08/2013
- Data as of
- 12/2021
- EIN
- 46-2692732
Organization Overview
The Green Fern Foundation is located in Minneapolis, MN. The organization was established in 2013. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Green Fern 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, Green Fern Foundation generated $8.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (43.4%) each year. All expenses for the organization totaled $4.7m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sonny Miller Pres/treas/secretary(as Of 3/31/21) | 1 | $10,000 | |
John Otterlei President/treasurer (resigned 3/31/21) | 1 | $2,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cambridge Associates | 12/30/21 | $385,982 |
Almuna Llc | 12/30/21 | $271,619 |
Arabella Advisors | 12/30/21 | $56,000 |
Us Bank | 12/30/21 | $100,202 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,480,303 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,936,565 |
| Capital Gain Net Income | $8,631,755 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $72,752 |
| Total Revenue | $8,489,620 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $12,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $147,198 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,538 |
| Total operating and administrative expenses | $1,093,255 |
| Contributions, gifts, grants paid | $3,595,000 |
| Total expenses and disbursements | $4,688,255 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $207,538 |
| Savings and temporary cash investments | $7,430,875 |
| 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 | $76,548,804 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $108,921,285 |
| 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 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Highlands Foundation Inc Madison, WI | $16,807,622 | $1,089,528 |
Rockwell Automation Charitable Corporation Milwaukee, WI | $6,137,007 | $10,007,891 |
The Green Fern Foundation Minneapolis, MN | $108,921,285 | $8,489,620 |
Andersen Corporate Foundation Bayport, MN | $0 | $11,597,422 |
Telligen Community Initiative West Des Moines, IA | $44,005,034 | $3,901,747 |
Wisconsin Public Service Foundation Inc Green Bay, WI | $36,455,212 | $2,413,868 |
Stepping Stones Of Dunn County Inc Menomonie, WI | $1,791,074 | $2,010,388 |
Remick Family Foundation Rochester, MN | $37,696,720 | $873,083 |
Tischer Creek Duluth Buildingcompany Duluth, MN | $17,330,550 | $1,688,178 |
Cla Foundation Minneapolis, MN | $886,971 | $1,572,520 |
Veridian Foundation Inc Madison, WI | $20,197 | $1,208,500 |
Adient Foundation Inc Milwaukee, WI | $24,102,147 | $1,188,261 |