Granite Partners Foundation Of Minnesota Inc
- Assets
- $1.2m
- Revenue
- $1.8m
- Investments
- $1.0m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- Data as of
- 12/2023
- EIN
- 88-2344940
Organization Overview
Granite Partners Foundation Of Minnesota Inc is located in Wilmington, DE. 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. Granite Partners Foundation Of Minnesota Inc 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 12/2023, Granite Partners Foundation Of Minnesota Inc generated $1.8m in total revenue. All expenses for the organization totaled $585.1k during the year ending 12/2023. While expenses have increased by 860.4% per year over the past 2 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 2023, Granite Partners Foundation Of Minnesota Inc has awarded 100 individual grants totaling $570,300. 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 |
|---|---|---|---|
Richard L Bauerly Dir, Pres | 1 | $0 | |
Michelle B Kopel Dir, Sec, Treas | 1 | $0 | |
Gregory A Schumacher Dir | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,731,925 |
| Interest on Savings | $722 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$3,225 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $27,029 |
| Total Revenue | $1,756,451 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $600 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $14,233 |
| Total operating and administrative expenses | $14,833 |
| Contributions, gifts, grants paid | $570,300 |
| Total expenses and disbursements | $585,133 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $178,058 |
| 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 | $1,001,926 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,179,984 |
| 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, Granite Partners Foundation Of Minnesota Inc has awarded $570,300 in support to 100 organizations.
| Grant Recipient | Amount |
|---|---|
ACTIVE CENTRAL MN PURPOSE: GENERAL & UNRESTRICTED | $40,000 |
AAUW OF MINNESOTA INC PURPOSE: CHARITABLE EVENT | $1,000 |
AIM HIGHER FOUNDATION PURPOSE: CHARITABLE EVENT | $2,000 |
AMERICAN CANCER SOCIETY INC PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
AMERICAN DIABETES ASSOCIATION INC PURPOSE: CHARITABLE EVENT | $1,000 |
AIM HIGHER FOUNDATION PURPOSE: GENERAL & UNRESTRICTED | $1,000 |