Clover Fields Preservation Foundation Inc
- Assets
- $10.6m
- Revenue
- $5.7m
- Investments
- $6.1m
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 06/2006
- Data as of
- 12/2021
- EIN
- 20-0818142
Organization Overview
Clover Fields Preservation Foundation Inc is located in Minneapolis, MN. The organization was established in 2006. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clover Fields Preservation Foundation 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 12/2021, Clover Fields Preservation Foundation Inc generated $5.7m in total revenue. All expenses for the organization totaled $3.1m during the year ending 12/2021. While expenses have increased by 279.8% per year over the past 5 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen J Hemsley President & Director | 1 | $0 | |
Matthew S Hemsley Vp, Treasurer & Secretary | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lynbrook Of Annapolis | 12/30/21 | $2,738,656 |
James H Barton Iii | 12/30/21 | $316,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,000,238 |
| Interest on Savings | $0 |
| Dividends & Interest | $59,564 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $680,394 |
| Capital Gain Net Income | $680,394 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,740,196 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $747 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,055,597 |
| Total operating and administrative expenses | $3,056,344 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $3,056,344 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,555,768 |
| 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 | $2,901,417 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,552,332 |
| 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 |
|---|---|---|
Pioneer Home Incorporated Fergus Falls, MN | $18,276,562 | $17,034,682 |
Hoyt Sherman Place Foundation Des Moines, IA | $25,209,028 | $4,318,549 |
American Opinion Foundation Inc Appleton, WI | $4,682,811 | $5,136,878 |
Clover Fields Preservation Foundation Inc Minneapolis, MN | $10,552,332 | $5,740,196 |
The Basilica Landmark Minneapolis, MN | $10,889,737 | $3,579,135 |
Orpheum Theatre Preservation Project Ltd Sioux City, IA | $9,952,360 | $2,698,691 |
Badlands Natural History Association Inc Interior, SD | $3,710,673 | $1,802,760 |
Franklin County Fair Foundation Hampton, IA | $108,954 | $446,222 |
Wisconsin Vietnam Veterans Memorial Project Inc Neillsville, WI | $4,698,350 | $1,226,254 |
South Dakota Historical Society Foundation Pierre, SD | $2,393,071 | $765,039 |
Burlington Riverfront Entertainment Burlington, IA | $130,152 | $703,143 |
Milwaukee Preservation Alliance Milwaukee, WI | $9,367,763 | $223,634 |