W Second Growth Foundation
- Assets
- $0.0
- Revenue
- $734.0k
- Investments
- $6.5m
- Employees
- 0
- Location
- St Paul, MN
- Founding
- 06/2019
- Data as of
- 12/2021
- EIN
- 83-3352641
Organization Overview
W Second Growth Foundation is located in St Paul, MN. The organization was established in 2019. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. W Second Growth 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, W Second Growth Foundation generated $734.0k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $272.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, W Second Growth Foundation has awarded 123 individual grants totaling $700,000. 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 |
|---|---|---|---|
Frederick Cw King Secretary/director | 1 | $0 | |
Anne E Zaccaro Vice Pres/director | 1 | $0 | |
Ellen R Middleton President/director | 1 | $0 | |
Radell C Rasmussen Treasurer/director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $204,667 |
| Profit on Inventory Sales | $0 |
| Other Income | $143,070 |
| Total Revenue | $734,028 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $62,149 |
| Contributions, gifts, grants paid | $210,000 |
| Total expenses and disbursements | $272,149 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,122,361 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, W Second Growth Foundation has awarded $370,000 in support to 57 organizations.
| Grant Recipient | Amount |
|---|---|
THE A21 CAMPAIGN PURPOSE: GENERAL OPERATING SUPPORT | $2,500 |
ANNIE WRIGHT SCHOOL PURPOSE: ANNUAL FUND A NEED | $5,000 |
BAYLOR SCHOOL PURPOSE: CUSHMAN LECTURE SERIES | $6,250 |
BROOKS SCHOOL PURPOSE: GENERAL OPERATING FUND | $8,000 |
CAMP MISHAWAKA PURPOSE: CAPITAL CAMPAIGN | $10,000 |
BOYS AND GIRLS CLUB OF THE COASTAL PLAIN PURPOSE: GENERAL OPERATING SUPPORT | $2,500 |