Greater Denfeld Foundation Incorporated
- Assets
- $8.3m
- Revenue
- $305.5k
- Investments
- $8.3m
- Employees
- 0
- Location
- Duluth, MN
- Founding
- 02/1974
- Data as of
- 04/2023
- EIN
- 23-7182610
Organization Overview
Greater Denfeld Foundation Incorporated is located in Duluth, MN. The organization was established in 1974. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Denfeld Foundation Incorporated 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 04/2023, Greater Denfeld Foundation Incorporated generated $305.5k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 39.7% each year . All expenses for the organization totaled $534.3k during the year ending 04/2023. While expenses have increased by 8.1% per year over the past 4 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 2022, Greater Denfeld Foundation Incorporated has awarded 268 individual grants totaling $863,066. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Eckenberg Board Chair | 1 | $0 | |
Kerry Anderson Garthus Director | 1 | $0 | |
Nancy Anderson Director | 1 | $0 | |
Reba Copeland Director | 1 | $0 | |
Matt Davies Director | 1 | $0 | |
Lane Harstad Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $19,925 |
| Interest on Savings | $0 |
| Dividends & Interest | $188,362 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $91,170 |
| Capital Gain Net Income | $91,170 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,000 |
| Total Revenue | $305,457 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,322 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $13,669 |
| Total operating and administrative expenses | $88,607 |
| Contributions, gifts, grants paid | $445,658 |
| Total expenses and disbursements | $534,265 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,285 |
| 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 | $1,546 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $8,291,700 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $8,075 |
| Total assets | $8,313,606 |
| 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 | $3,322 |
| Total liabilities | $3,322 |
Grants Awarded
Over the last fiscal year, Greater Denfeld Foundation Incorporated has awarded $445,658 in support to 136 organizations.
| Grant Recipient | Amount |
|---|---|
ABIGAIL LONGNAKER PURPOSE: EDUCATIONAL SCHOLARSHIP | $4,500 |
DENFELD HIGH SCHOOL PURPOSE: SCHOOL ACTIVITY SUPPORT | $10,500 |
ABIGAIL ROBERTS PURPOSE: EDUCATIONAL SCHOLARSHIP | $3,000 |
ADLER WORMUTH PURPOSE: EDUCATIONAL SCHOLARSHIP | $3,000 |
ADRIANNA HUDYMA PURPOSE: EDUCATIONAL SCHOLARSHIP | $3,000 |
AIDAN ANDERSON PURPOSE: EDUCATIONAL SCHOLARSHIP | $3,000 |