Northfield Shares
- Assets
- $7.3m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 3
- Location
- Northfield, MN
- Founding
- 05/2011
- Data as of
- 12/2023
- EIN
- 27-3080430
Organization Overview
Northfield Shares is located in Northfield, MN. The organization was established in 2011. 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 12/2023, Northfield Shares employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northfield Shares 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 12/2023, Northfield Shares generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 25.9% each year . All expenses for the organization totaled $567.3k during the year ending 12/2023. While expenses have increased by 16.9% per year over the past 9 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 2015, Northfield Shares has awarded 88 individual grants totaling $4,356,945. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
NORTHFIELD SHARES SEEKS TO SUSTAIN AND TRANSFORM THE NORTHFIELD COMMUNITY BY ADVANCING PHILANTHROPY, INSPIRING VOLUNTEERISM AND PROMOTING COLLABORATIVE LEADERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RECEIVE, MAINTAIN AND DISBURSE FUNDS FOR THE BENEFIT OF THE GREATER NORTHFIELD COMMUNITY.
PROMOTE VOLUNTEERISM AND ITS IMPORTANCE TO THE GREATER NORTHFIELD COMMUNITY, ASSIST NONPROFIT ORGANIZATIONS IN PROMOTING THEIR VOLUNTEER OPPORTUNITIES, AND CONNECT VOLUNTEERS WITH LOCAL SERVICE OPPORTUNITIES. APPROXIMATELY 20-30 INDIVIDUALS VOLUNTEERED DIRECTLY TO OUR WORK AS THE COMMUNITY FOUNDATION.OUR WORK ULTIMATELY SUPPORTED THOUSANDS OF INDIVIDUALS IN OUR COMMUNITY THROUGH THE DIVERSITY, EQUITY AND INCLUSION TRAINING WE UNDERWROTE FOR OUR NONPROFIT PARTNERS AND NFSHARES PROVIDED GRANT FUNDING TO 35 ORGANIZATIONS IN SUPPORT OF 40 PROJECTS/PROGRAMS IN OUR AREA WHICH IN TURN SERVCE MUCH OF OUR NORTHFIELD SCHOOL DISTRICT POPULATION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tara Berndt Chair | OfficerTrustee | 2 | $0 |
Jane Bartho Board Member | Trustee | 1 | $0 |
Pault Thibitot Board Member | Trustee | 2 | $0 |
Erika Campbell Board Member | Trustee | 0.5 | $0 |
Roberto Zayas Board Member | Trustee | 0.3 | $0 |
Perry Larson Board Member | Trustee | 0.3 | $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 | $1,109,435 |
| Noncash contributions included in lines 1a–1f | $58,923 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,109,435 |
| Total Program Service Revenue | $5,937 |
| Investment income | $190,054 |
| 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 | $1,305,426 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $319,780 |
| 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 | $143,646 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,870 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,470 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,298 |
| Advertising and promotion | $20,647 |
| Office expenses | $2,462 |
| Information technology | $18,347 |
| Royalties | $0 |
| Occupancy | $6,300 |
| Travel | $1,015 |
| 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 | $6,256 |
| All other expenses | $0 |
| Total functional expenses | $567,329 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $284,268 |
| Savings and temporary cash investments | $80,028 |
| Pledges and grants receivable | $63,097 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $6,833,701 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,261,094 |
| Accounts payable and accrued expenses | $3,809 |
| 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 | $550,508 |
| Total liabilities | $554,317 |
| Net assets without donor restrictions | $1,928,596 |
| Net assets with donor restrictions | $4,778,181 |
| 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 | $7,261,094 |
Grants Awarded
Over the last fiscal year, Northfield Shares has awarded $168,638 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
CENTER FOR COURAGE & RENEWAL PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
CLEAN RIVER PARTNERS (FORMERLY CANNON RIVER WATERSHED PARTNERS) PURPOSE: HANDS ON VOLUNTEERS | $6,800 |
COMMUNITY ACTION CENTER PURPOSE: HILLCREST VILLAGE | $11,617 |
DAKOTA PRAIRIE ADULT BASIC EDUCATION PURPOSE: NORTHFIELD ADULT ENGLISH LANGUAGE LEARNER PROGRAM GROWTH | $6,000 |
GREAT RIVER SHAKESPEARE FESTIVAL PURPOSE: $10K STAGE, $3,600 ONGOING SUPPORT | $13,600 |
NORTHFIELD SENIOR CENTER PURPOSE: GENERAL OPERATING SUPPORT | $11,911 |