Foley & Mansfield Charitable Foundation
- Assets
- $19.5k
- Revenue
- $21.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 01/2011
- Data as of
- 12/2020
- EIN
- 27-0557246
Organization Overview
Foley & Mansfield Charitable Foundation is located in Minneapolis, MN. The organization was established in 2011. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Foley & Mansfield Charitable 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 12/2020, Foley & Mansfield Charitable Foundation generated $21.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (26.1%) each year. All expenses for the organization totaled $39.1k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (19.5%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Foley & Mansfield Charitable Foundation has awarded 285 individual grants totaling $421,518. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTIONS TO OTHER 501(C)(3) ORGANIZATIONS IN SUPPORT OF THEIR EXEMPT PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Pahl Director | 1 | $0 | |
Robert Brummond Director | 1 | $0 | |
Kyle Mansfield President | 1 | $0 | |
Karl Heinzerling Vice President | 1 | $0 | |
Peter Torseth Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $21,662 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $21,662 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $269 |
| Total operating and administrative expenses | $1,844 |
| Contributions, gifts, grants paid | $37,225 |
| Total expenses and disbursements | $39,069 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,478 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $19,478 |
| 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 | $13,825 |
| Total liabilities | $13,825 |
Grants Awarded
Over the last fiscal year, Foley & Mansfield Charitable Foundation has awarded $74,450 in support to 62 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL PURPOSE: GENERAL OPERATING GRANT | $10,000 |
Chicago, IL PURPOSE: GENERAL OPERATING GRANT | $10,000 |
BE THE MATCH PURPOSE: 2019 HEALING LITTLE HEARTS GALA | $8,370 |
BE THE MATCH PURPOSE: 2019 HEALING LITTLE HEARTS GALA | $8,370 |
COATED IN LOVE PURPOSE: GENERAL OPERATING GRANT | $3,655 |
COATED IN LOVE PURPOSE: GENERAL OPERATING GRANT | $3,655 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Highlands Foundation Inc Madison, WI | $16,807,622 | $1,089,528 |
Rockwell Automation Charitable Corporation Milwaukee, WI | $6,137,007 | $10,007,891 |
The Green Fern Foundation Minneapolis, MN | $108,921,285 | $8,489,620 |
Andersen Corporate Foundation Bayport, MN | $0 | $11,597,422 |
Telligen Community Initiative West Des Moines, IA | $44,005,034 | $3,901,747 |
Wisconsin Public Service Foundation Inc Green Bay, WI | $36,455,212 | $2,413,868 |
Stepping Stones Of Dunn County Inc Menomonie, WI | $1,791,074 | $2,010,388 |
Remick Family Foundation Rochester, MN | $37,696,720 | $873,083 |
Tischer Creek Duluth Buildingcompany Duluth, MN | $17,330,550 | $1,688,178 |
Cla Foundation Minneapolis, MN | $886,971 | $1,572,520 |
Veridian Foundation Inc Madison, WI | $20,197 | $1,208,500 |
Adient Foundation Inc Milwaukee, WI | $24,102,147 | $1,188,261 |