Holmes-Csm Family Foundation
- Assets
- $18.7m
- Revenue
- $937.4k
- Investments
- $18.4m
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 05/1997
- Data as of
- 12/2022
- EIN
- 93-1220868
Organization Overview
Holmes-Csm Family Foundation is located in Minneapolis, MN. The organization was established in 1997. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Holmes-Csm Family 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 12/2022, Holmes-Csm Family Foundation generated $937.4k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.8% each year . All expenses for the organization totaled $449.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Holmes-Csm Family Foundation has awarded 59 individual grants totaling $5,865,080. 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 |
|---|---|---|---|
Gary S Holmes Chairman/president/directo | 1 | $0 | |
Eugene M Bowar Vice President/director | 1 | $0 | |
C William Franke Director | 0 | $0 | |
Robert Dann Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $350,881 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $570,310 |
| Capital Gain Net Income | $570,310 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $16,179 |
| Total Revenue | $937,370 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $60,416 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $62,230 |
| Total operating and administrative expenses | $147,202 |
| Contributions, gifts, grants paid | $302,500 |
| Total expenses and disbursements | $449,702 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $304,984 |
| Savings and temporary cash investments | $0 |
| 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 | $5,336,285 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $18,714,563 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $1,769,000 |
| 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 | $1,769,000 |
Grants Awarded
Over the last fiscal year, Holmes-Csm Family Foundation has awarded $1,020,380 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ALLINA ASSOCIATED FOUNDATION PURPOSE: GENERAL | $910,000 |
FRIENDS OF EAST AFRICA FOUNDATION PURPOSE: GENERAL | $105,380 |
SAVE-SUICIDE AWARENESS PURPOSE: GENERAL | $5,000 |