Microgrants
- Assets
- $2.7m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 7
- Location
- Minneapolis, MN
- Founding
- 01/2007
- Data as of
- 12/2021
- EIN
- 20-4092394
Organization Overview
Microgrants is located in Minneapolis, MN. The organization was established in 2007. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Microgrants employed 7 individuals. This organization is the central organization for a national or regional group of organizations. Microgrants 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, Microgrants generated $3.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.2% each year . All expenses for the organization totaled $2.8m during the year ending 12/2021. While expenses have increased by 20.6% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
FINANCIAL ASSISTANCE
Describe the Organization's Program Activity:
Part 3 - Line 4a
MICROGRANTS PROVIDES GRANTS TO LOW INCOME INDIVIDUALS FOR TRANSPORTATION, EDUCATION AND SMALL BUSINESS. RECIPIENTS ARE IDENTIFIED THROUGH 50 PARTNER AGENCIES.
LIGHTSON IS A PARTNERSHIP BETWEEN MICROGRANTS, LAW ENFORCEMENT AND AUTO SERVICE PROVIDERS THAT PROVIDES VOUCHERS FOR FREE CAR LIGHT REPAIR. MICROGRANTS FUNDS THE REPAIR AS A GRANT TO THE VOUCHER RECIPIENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald H Samuels CEO | Officer | 32 | $126,875 |
Tom Rock Executive/fi | Officer | 0.25 | $0 |
Don Hall Executive/ F | Officer | 0.25 | $0 |
Allen Lenzmeier Treasurer An | Officer | 0.25 | $0 |
Joe Selvagglo Executive/fi | Officer | 0.25 | $0 |
Tom Welch Chair | Officer | 0.25 | $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 | $3,777,933 |
| Noncash contributions included in lines 1a–1f | $12,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,777,933 |
| Total Program Service Revenue | $0 |
| Investment income | $274 |
| 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 | $3,778,207 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,764,589 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $126,875 |
| Compensation of current officers, directors, key employees. | $7,549 |
| Compensation to disqualified persons | $266,315 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,390 |
| Fees for services: Accounting | $98,184 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $236,028 |
| Advertising and promotion | $0 |
| Office expenses | $34,459 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,100 |
| Travel | $23,220 |
| 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 | $2,573 |
| All other expenses | $0 |
| Total functional expenses | $2,761,477 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,333,811 |
| Savings and temporary cash investments | $293,787 |
| Pledges and grants receivable | $27,667 |
| 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 | $1,871 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,657,136 |
| Accounts payable and accrued expenses | $31,493 |
| 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 | $31,493 |
| Net assets without donor restrictions | $2,102,170 |
| Net assets with donor restrictions | $523,473 |
| 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 | $2,657,136 |
Grants Recieved
Over the last fiscal year, we have identified 23 grants that Microgrants has recieved totaling $1,441,791.
| Awarding Organization | Amount |
|---|---|
James M Stanton Foundation Bloomington, MN PURPOSE: GENERAL PURPOSE | $586,000 |
Wem 2000 Foundation Minneapolis, MN PURPOSE: TO ASSIST IN CARRYING OUT THE CHARITABLE PURPOSES OF MICROGRANTS | $450,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $87,500 |
Jaye F And Betty F Dyer Foundation Minneapolis, MN PURPOSE: PROGRAM SUPPORT | $80,000 |
Minneapolis Foundation Minneapolis, MN PURPOSE: DONOR-RECOMMENDED, COMMUNITY & ECONOMIC DEVELOPMENT | $46,500 |
Saint Paul & Minnesota Foundation Saint Paul, MN PURPOSE: MULTIPLE GRANTS FOR MULTIPLE PURPOSES | $32,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Society Of St Vincent De Paul- Twin Cities Minneapolis, MN | $592,562 | $17,408,500 |
Northland Foundation Duluth, MN | $110,895,270 | $27,913,272 |
David Lynch Foundation For Consciousness-Based Education And Fairfield, IA | $9,280,358 | $8,736,448 |
Steve Stricker American Family Insurance Foundation Inc Madison, WI | $5,745,517 | $4,719,862 |
Hope Gospel Mission Inc Eau Claire, WI | $10,860,307 | $6,194,588 |
Community Foundation Of Johnson Coralville, IA | $45,550,796 | $9,673,780 |
The American Center For Philanthropy Inc Northfield, MN | $38,336,369 | $9,301,432 |
Lyon County Riverboat Foundation Inc Rock Rapids, IA | $2,226,608 | $3,365,358 |
Morgan Memorial Foundation Inc Morgan, MN | $3,017,509 | $3,804,451 |
Believers Stewardship Services Inc Dubuque, IA | $18,487,302 | $3,760,622 |
Nexus Community Partners Saint Paul, MN | $15,080,839 | $10,294,112 |
Caseys Charities Ankeny, IA | $167,680 | $3,051,265 |