Minnesotans Military Appreciation Fund
- Assets
- $18.3m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 1
- Location
- Minneapolis, MN
- Founding
- 05/2005
- Data as of
- 04/2022
- EIN
- 20-1935180
Organization Overview
Minnesotans Military Appreciation Fund is located in Minneapolis, MN. The organization was established in 2005. 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. Minnesotans Military Appreciation Fund 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 04/2022, Minnesotans Military Appreciation Fund generated $2.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $847.2k during the year ending 04/2022. While expenses have increased by 2.2% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FINANCIAL ASSISTANCE TO MINNESOTA MILITARY PERSONNEL AND THEIR FAMILIES WHO HAVE SERVED IN A COMBAT ZONE SINCE SEPTEMBER 11, 2001
Describe the Organization's Program Activity:
Part 3 - Line 4a
SINCE THE INCEPTION OF THE FUND, 23,195 GRANTS HAVE BEEN PAID (INCLUDES 3,553 SECOND GRANTS OF 250 TO SOLDIERS WHO RECEIVED INITIAL GRANTS OF 250). THERE HAVE BEEN 68 GRANTS TOTALING 340,000 TO THE FAMILIES OF SOLDIERS KILLED IN COMBAT, 551 GRANTS TOTALING 1,120,500 TO PURPLE HEART WOUNDED SOLDIERS. THERE HAVE ALSO BEEN 26 GRANTS TOTALING 52,000 TO WOUNDED SOLDIERS THAT RECEIVED MULTIPLE PURPLE HEART AWARDS, AND 22,199 GRANTS TOTALING 9,338,500 TO SOLDIERS WHO SERVED IN A COMBAT ZONE. ADDITIONALLY, PURSUANT TO GRANT POLICY, UPON MEDICAL DOCUMENTATION, A SECOND GRANT OF UP TO 9,000 WAS AWARDED TO 351 WOUNDED SOLDIERS TOTALING 2,072,500.
ASSISTANCE TO FAMILIES OF SOLDIERS KILLED IN COMBAT. ALSO ASSISTANCE TO WOUNDED SOLDIERS AND SOLDIERS WHO SERVED IN COMBAT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelly Boston Assistant Se | OfficerTrustee | 5 | $0 |
Skip Krawzcyk Treasurer & | OfficerTrustee | 3 | $0 |
Gen Dennis Schulstad President & | OfficerTrustee | 2 | $0 |
Roger Sit Chairperson | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,869,449 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,869,449 |
| Total Program Service Revenue | $0 |
| Investment income | $584,155 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,453,604 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $534,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $81,849 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,416 |
| Advertising and promotion | $8,363 |
| Office expenses | $607 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,057 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $6,155 |
| Total functional expenses | $847,171 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,446,725 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $13,775 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $15,838,695 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $18,299,195 |
| Accounts payable and accrued expenses | $46,216 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $46,216 |
| Net assets without donor restrictions | $18,252,979 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $18,299,195 |
Grants Recieved
Over the last fiscal year, we have identified 16 grants that Minnesotans Military Appreciation Fund has recieved totaling $518,080.
| Awarding Organization | Amount |
|---|---|
Sit Investment Associates Foundation Minneapolis, MN PURPOSE: OPERATING | $332,750 |
Grotto Foundation Inc Arden Hills, MN PURPOSE: GENERAL SUPPORT | $35,000 |
Mcknight Foundation Minneapolis, MN PURPOSE: TO PROVIDE SUPPORT TO MINNESOTA MILITARY MEMBERS AND THEIR FAMILIES | $32,000 |
Mcknight Foundation Minneapolis, MN PURPOSE: TO PROVIDE SUPPORT TO MINNESOTA MILITARY MEMBERS AND THEIR FAMILIES | $32,000 |
Mark E & Mary A Davis Foundation Belle Plaine, MN PURPOSE: GENERAL SUPPORT | $25,000 |
Minneapolis Foundation Minneapolis, MN PURPOSE: DONOR-RECOMMENDED, PHILANTHROPY | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Otto Bremer Trust St Paul, MN | $1,543,197,073 | $135,875,116 |
The Robert D And Patricia E Kern Family Foundation Inc Waukesha, WI | $717,991,169 | $43,480,423 |
The Richard M Schulze Family Foundation Minneapolis, MN | $250,424,427 | $45,882,285 |
Fred C And Katherine B Andersen Foundation Bayport, MN | $1,210,701,778 | $63,445,932 |
Manitou Fund White Bear Lake, MN | $1,003,593,689 | $40,882,622 |
Lynne & Andrew Redleaf Foundation Minneapolis, MN | $127,717,345 | $981,960 |
Northwest Area Foundation St Paul, MN | $512,755,007 | $38,144,816 |
U S Bancorp Foundation Milwaukee, WI | $68,350,907 | $6,892,078 |
Medtronic Communities Foundation Minneapolis, MN | $54,271,830 | $230,239 |
General Mills Foundation Minneapolis, MN | $0 | -$304,053 |
J A Wedum Foundation Plymouth, MN | $141,295,178 | $28,441,684 |
Bader Philanthropies Inc Milwaukee, WI | $26,809,232 | $30,829,351 |