Friends Of Saint Paul College
- Assets
- $3.9m
- Revenue
- $670.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Saint Paul, MN
- Founding
- 05/2010
- Data as of
- 06/2022
- EIN
- 27-1631689
Organization Overview
Friends Of Saint Paul College is located in Saint Paul, MN. The organization was established in 2010. According to its NTEE Classification (B90) the organization is classified as: Educational Services, 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. Friends Of Saint Paul College 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, Friends Of Saint Paul College generated $670.4k 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 (6.9%) each year. All expenses for the organization totaled $836.8k 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
ADVANCE THE MISSION OF SAINT PAUL COLLEGE BY INSPIRING PHILANTHROPIC GIVING TO PROMOTE STUDENT SUCCESS. THIS WILL BE ACHIEVED THROUGH STRONG COMMUNITY AWARENESS AND ENGAGEMENT, PARTNERSHIPS WITH BUSINESS AND COMMUNITY-BASED ORGANIZATIONS, AMBITIOUS DEVELOPMENT GOALS FOR SCHOLARSHIPS AND PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP, GRANTS, EQUIPMENT, AND PROGRAM SUPPORT IS PROVIDED FOR STUDENTS AND DEPARTMENTS OF THE COLLEGE IN AREAS WHERE FUNDS ARE NOT OTHERWISE AVAILABLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Egan Chair | OfficerTrustee | 1 | $0 |
Jihan Rush Jenkins Vice Chair | OfficerTrustee | 1 | $0 |
Alix Magner Treasurer | OfficerTrustee | 1 | $0 |
Ross Nelson Secretary | OfficerTrustee | 1 | $0 |
Austin Calhoun Executive Di | OfficerTrustee | 1 | $0 |
David Kline Ex-Executive | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $42,002 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $610,309 |
| Noncash contributions included in lines 1a–1f | $10,600 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $652,311 |
| Total Program Service Revenue | $0 |
| Investment income | $64,087 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$45,966 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $670,432 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $439,085 |
| Grants and other assistance to domestic individuals. | $232,106 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $80,162 |
| Compensation of current officers, directors, key employees. | $24,049 |
| 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 | $0 |
| Fees for services: Accounting | $18,983 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18,763 |
| Fees for services: Other | $8,115 |
| Advertising and promotion | $10,172 |
| Office expenses | $10,272 |
| Information technology | $9,695 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,292 |
| Insurance | $633 |
| All other expenses | $0 |
| Total functional expenses | $836,830 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $293,504 |
| Savings and temporary cash investments | $147,698 |
| Pledges and grants receivable | $83,000 |
| 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 | $7,843 |
| Net Land, buildings, and equipment | $29,113 |
| Investments—publicly traded securities | $3,327,975 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,889,133 |
| Accounts payable and accrued expenses | $413,248 |
| 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 | $413,248 |
| Net assets without donor restrictions | $155,653 |
| Net assets with donor restrictions | $3,320,232 |
| 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 | $3,889,133 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Friends Of Saint Paul College has recieved totaling $269,142.
| Awarding Organization | Amount |
|---|---|
Saint Paul & Minnesota Foundation Saint Paul, MN PURPOSE: MULTIPLE GRANTS FOR MULTIPLE PURPOSES | $124,638 |
Mary T And James J Hill Library Foundation St Paul, MN PURPOSE: SCHOLARSHIP GRANT | $50,000 |
F R Bigelow Foundation Trust 555 St Paul, MN PURPOSE: INVESTING IN THE SUCCESS OF TRADITIONALLY UNDERSERVED STUDENTS THROUGH THE POWER OF YOU | $30,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $25,000 |
Manitou Fund White Bear Lake, MN PURPOSE: GENERAL SUPPORT | $25,000 |
Xcel Energy Foundation Minneapolis, MN PURPOSE: MATCHING EMPLOYEE DONATION / EDUCATION GRANT | $10,500 |
Endowment Analysis
| Beg. Balance | $2,345,396 |
| Earnings | -$71,776 |
| Net Contributions | $254,102 |
| Other Expense | $18,763 |
| Grants | $102,228 |
| Ending Balance | $2,406,731 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wallin Education Partners St Paul, MN | $25,848,040 | $10,926,258 |
New American Development Center Minneapolis, MN | $3,930,676 | $9,122,032 |
Bluesky Charter School Bloomington, MN | $6,912,497 | $6,906,603 |
Us Math Recovery Council Eagan, MN | $3,296,483 | $6,771,005 |
Racine Charter One Inc Racine, WI | $5,378,275 | $6,487,272 |
Woodbury Leadership Academy Woodbury, MN | $4,350,331 | $5,912,313 |
Uw-Platteville Real Estate Foundation Inc Platteville, WI | $45,856,338 | $5,901,983 |
Barr Center St Louis Park, MN | $8,287,138 | $8,108,042 |
Great Mn Schools Minneapolis, MN | $411,897 | $3,619,260 |
Iowa Western Community College Foundation Council Bluffs, IA | $36,011,501 | $4,880,435 |
West River Foundation Sturgis, SD | $7,568,333 | $3,921,124 |
Sicangu Owayawa Oti-Rosebud Dormitory Mission, SD | $5,924,789 | $2,325,210 |