Leadingage Minnesota Foundation
- Assets
- $4.4m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 0
- Location
- St Paul, MN
- Founding
- 02/2008
- Data as of
- 12/2021
- EIN
- 20-3879574
Organization Overview
Leadingage Minnesota Foundation is located in St Paul, MN. The organization was established in 2008. According to its NTEE Classification (P81) the organization is classified as: Senior Centers, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Leadingage Minnesota 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, Leadingage Minnesota Foundation generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 28.6% each year . All expenses for the organization totaled $3.3m during the year ending 12/2021. While expenses have increased by 37.7% 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.
Since 2017, Leadingage Minnesota Foundation has awarded 164 individual grants totaling $4,304,500. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORTS INITIATIVES DESIGNED TO TRANSFORM MODELS OF SERVICE DELIVERY TO SENIORS IN MINNESOTA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTED BY FUNDING FROM THE MARGARET A. CARGILL PHILANTHROPIES (MACP) AND THE UCARE FOUNDATION, THE FOUNDATION CONTINUED ITS WORK ON THE CONNECTED COMMUNITIES FOR HEALTHY AGING PROJECT. TWO RURAL PILOTS WERE SELECTED TO CREATE INTEGRATED CARE SYSTEMS ACROSS AGING SERVICES, HEALTHCARE, AND COMMUNITY SUPPORTS. ASSISTANCE WAS PROVIDED TO PLAN, IMPLEMENT, AND EVALUATE OUTCOMES. OBJECTIVES INCLUDE: CONVENING AND ADVANCING LOCAL AND COLLABORATIVE WHOLE SYSTEM, WHOLE PERSON APPROACHES TO SERVING SENIORS IN COMMUNITY; EXPERIMENTING AND IMPROVING CARE OF MEDICARE ADVANTAGE ENROLLEES IN A LOCAL HEALTH PLAN IN COORDINATION WITH PROVIDERS OF PRIMARY CARE, ACUTE- AND POST-ACUTE CARE, HOME CARE, AND COMMUNITY-BASED SERVICES; CONNECTING CONSUMERS TO LOCAL RESOURCES FOR HEALTHIER AGING; IMPLEMENTING EFFECTIVE WORKFORCE STRATEGIES TO SUPPORT THIS COLLABORATIVE MODEL.
THE FOUNDATION OFFERS SCHOLARSHIPS TO HELP STAFF AND CAREGIVERS FROM OUR MEMBER ORGANIZATIONS ADVANCE THEIR PROFESSIONAL DEVELOPMENT. RECIPIENTS ARE SELECTED THROUGH A REVIEW PROCESS AND APPROVED BY THE BOARD OF DIRECTORS. IN 2021 SCHOLARSHIPS TOTALING $39,500 WERE AWARDED.
IN RESPONSE TO THE COVID-19 PANDEMIC, THE FOUNDATION PROVIDED MENTAL HEALTH SUPPORT TO LONG-TERM CARE FACILITIES THROUGH A SECOND ROUND OF INTERMEDIARY GRANTS FUNDED BY THE MARGARET A. CARGILL PHILANTHROPIES (MACP). THESE FUNDS ALSO ASSISTED RURAL ADULT DAY PROGRAMS WITH VIRTUAL PROGRAMMING WHEN IN-PERSON ACTIVITIES WERE PROHIBITED DUE TO COVID-19. ADDITIONAL MENTAL HEALTH SERVICES WERE PROVIDED BY THE FOUNDATION THROUGH A SUPPLEMENTAL GRANT FROM THE MINNESOTA DEPARTMENT OF HUMAN SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deb Kierstead Chief Financial Officer | Officer | 2.7 | $9,775 |
Lori Meyer Sr VP & COO | 2 | $9,159 | |
Gayle M Kvenvold President/ceo | OfficerTrustee | 0.8 | $6,963 |
Robert M Dahl Chair | OfficerTrustee | 0.5 | $0 |
Lindsey Sand Vice Chair | OfficerTrustee | 0.5 | $0 |
Wayne Olson Treasurer | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $44,066 |
| Related organizations | $250,000 |
| Government grants | $143,214 |
| All other contributions, gifts, grants, and similar amounts not included above | $741,102 |
| Noncash contributions included in lines 1a–1f | $6,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,178,382 |
| Total Program Service Revenue | $686,540 |
| Investment income | $36,710 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $92,914 |
| Net Income from Fundraising Events | -$411 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,994,135 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,205,008 |
| Grants and other assistance to domestic individuals. | $39,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $22,065 |
| Compensation of current officers, directors, key employees. | $1,332 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $213,372 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $48,323 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $776 |
| Fees for services: Accounting | $2,866 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,814 |
| Fees for services: Other | $51,988 |
| Advertising and promotion | $423 |
| Office expenses | $26,479 |
| Information technology | $24,205 |
| Royalties | $0 |
| Occupancy | $34,630 |
| Travel | $2 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $30 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $125,848 |
| Insurance | $1,602 |
| All other expenses | $0 |
| Total functional expenses | $3,313,255 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,427,796 |
| Savings and temporary cash investments | $103,833 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $43,587 |
| 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 | $0 |
| Net Land, buildings, and equipment | $65,621 |
| Investments—publicly traded securities | $2,558,907 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $217,098 |
| Total assets | $4,416,842 |
| Accounts payable and accrued expenses | $14,316 |
| 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 | $65,302 |
| Total liabilities | $79,618 |
| Net assets without donor restrictions | $3,707,087 |
| Net assets with donor restrictions | $630,137 |
| 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 | $4,416,842 |
Grants Awarded
Over the last fiscal year, Leadingage Minnesota Foundation has awarded $2,009,500 in support to 41 organizations.
| Grant Recipient | Amount |
|---|---|
Alexandria, MN PURPOSE: CONNECTED COMMUNITIES | $820,000 |
PERHAM HEALTH PURPOSE: CONNECTED COMMUNITIES | $820,000 |
JOHNSON MEMORIAL HEALTH SERVICES PURPOSE: COVID-19 COURAGE FUNDS GRANT | $10,000 |
FAIR MEADOWS NURSING HOME AND ASSISTED LIVING PURPOSE: COVID-19 COURAGE FUNDS GRANT | $10,000 |
MN VETERANS HOME SILVER BAY PURPOSE: COVID-19 COURAGE FUNDS GRANT | $10,000 |
Springfield, MN PURPOSE: COVID-19 COURAGE FUNDS | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Leadingage Minnesota Foundation has recieved totaling $995,000.
| Awarding Organization | Amount |
|---|---|
Margaret A Cargill Foundation Eden Prairie, MN PURPOSE: CONNECTED COMMUNITIES FOR HEALTHY AGING | $795,000 |
Ucare Minnesota Minneapolis, MN PURPOSE: TWO CONNECTED COMMUNITIES PROJECT IS TO DESIGN AND IMPLEMENT A LOCAL COORDINATED SYSTEM OF CARE THAT SUPPORTS THE PHYSICAL, EMOTIONAL, AND SOCIAL NEEDS OF SENIORS IN THE HOMES OF THEIR CHOICE. | $200,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wesley Community Services Inc Johnston, IA | $11,288,058 | $20,573,990 |
Ilife Llc Milwaukee, WI | $22,539,383 | $15,072,061 |
Northeast Iowa Area Agency On Aging Inc Waterloo, IA | $3,520,816 | $9,481,257 |
Central Minnesota Council Aging Inc Sartell, MN | $1,275,140 | $7,874,791 |
Horizon Health Inc Pierz, MN | $5,933,505 | $9,032,202 |
Interfaith Older Adult Programs Inc Milwaukee, WI | $1,903,489 | $6,806,853 |
Southeastern Minnesota Area Agency On Aging Inc Rochester, MN | $1,516,136 | $6,280,522 |
Aging And Disability Resource Center Of Brown County Inc Green Bay, WI | $5,001,556 | $6,255,599 |
Connections Area Agency On Aging Inc Council Bluffs, IA | -$414,939 | $5,568,873 |
Elderbridge Agency On Aging Mason City, IA | $4,687,674 | $5,849,519 |
Milestones Area Agency On Aging Davenport, IA | $2,561,331 | $6,004,219 |
Aging Resources Of Central Ia Des Moines, IA | $1,507,891 | $5,359,650 |