Interfaith Action Of Greater Saint Paul Foundation
- Assets
- $1.3m
- Revenue
- $69.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Saint Paul, MN
- Founding
- 07/1969
- Data as of
- 06/2022
- EIN
- 23-7029207
Organization Overview
Interfaith Action Of Greater Saint Paul Foundation is located in Saint Paul, MN. The organization was established in 1969. According to its NTEE Classification (X90) the organization is classified as: Interfaith Coalitions, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Interfaith Action Of Greater Saint Paul 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 06/2022, Interfaith Action Of Greater Saint Paul Foundation generated $69.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.7%) each year. All expenses for the organization totaled $28.9k during the year ending 06/2022. 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 SUPPORT INTERFAITH ACTION OF GREATER SAINT PAUL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INTERFAITH ACTION OF GREATER SAINT PAUL FOUNDATION (THE FOUNDATION) WAS FORMED AS A 501(C)(3) ORGANIZATION TO MANAGED CONTRIBUTED GIFTS TO FUND THE NEEDS OF INTERFAITH ACTION OF GREATER SAINT PAUL. THE FOUNDATION'S POLICY IS TO GRANT INTERFAITH ACTION NO MORE THAN 4% OF A ROLLING FOUR QUARTER MARKET AVERAGE OF PRINCIPAL AND APPRECIATION. THE FOUNDATION DOES PERIODICALLY MAKE ADDITIONAL DISCRETIONARY GRANTS PER ITS DISTRIBUTION POLICY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roger Katzenmaier Treasurer | OfficerTrustee | 1 | $0 |
David Misemer President | OfficerTrustee | 1 | $0 |
Brian Alton Board Member | Trustee | 1 | $0 |
James Rubenstein Board Member | Trustee | 1 | $0 |
Kirk Kleckner Board Member | Trustee | 1 | $0 |
Diane Follmer Board Member | Trustee | 1 | $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 | $23,173 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,173 |
| Total Program Service Revenue | $0 |
| Investment income | $28,594 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $17,269 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $69,036 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $610 |
| Fees for services: Accounting | $16,110 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,076 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,232 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,900 |
| All other expenses | $0 |
| Total functional expenses | $28,928 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,261 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $24,250 |
| 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 | $0 |
| Investments—publicly traded securities | $1,279,335 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,311,846 |
| Accounts payable and accrued expenses | $33,406 |
| 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 | $14,870 |
| Total liabilities | $48,276 |
| Net assets without donor restrictions | $15,000 |
| Net assets with donor restrictions | $1,248,570 |
| 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 | $1,311,846 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Interfaith Action Of Greater Saint Paul Foundation has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Public Welfare Foundation Inc Washington, DC PURPOSE: SUPPORT FOR ANTI-POVERTY AND MOBILITY STRATEGIES | $2,500 |
Endowment Analysis
| Beg. Balance | $1,477,522 |
| Earnings | -$177,056 |
| Admin Expense | $21,851 |
| Net Contributions | $23,173 |
| Grants | $38,218 |
| Ending Balance | $1,263,570 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Interfaith Outreach And Community Partners Plymouth, MN | $12,277,576 | $8,924,153 |
Love Inc Of The Black Hills Rapid City, SD | $3,509,650 | $934,160 |
Joy Baptist Camp Association Inc Whitewater, WI | $411,134 | $730,734 |
Living Hope Church Green Bay, WI | $1,207,459 | $572,135 |
Interfaith Caregivers Inc Grafton, WI | $161,231 | $302,296 |
Sheboygan County Interfaith Organization Inc Sheboygan, WI | $492,487 | $456,789 |
Amistad Worldwide Fargo, ND | $421,782 | $382,286 |
Interfaith Alliance Of Iowa Des Moines, IA | $255,924 | $453,684 |
Risen Motherhood Ministries Inc Ames, IA | $387,984 | $356,830 |
Sonshine Ministries International Brainerd, MN | $185,468 | $291,725 |
Engage Global Minneapolis, MN | $1,324,834 | $194,911 |
Goodcities Eden Prairie, MN | $36,907 | $244,239 |