Northfield Shares
- Assets
- $6.7m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 1
- Location
- Northfield, MN
- Founding
- 05/2011
- Data as of
- 12/2021
- 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. 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 12/2021, Northfield Shares generated $4.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 58.5% each year . All expenses for the organization totaled $2.5m during the year ending 12/2021. While expenses have increased by 51.2% per year over the past 7 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 62 individual grants totaling $4,037,450. 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
2021
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 COMMUNTIY, ASSIST NONPROFIT ORGANIZATIONS IN PROMOTING THEIR VOLUNTEER OPPORTUNITIES, AND CONNECT VOLUNTEERS WITH LOCAL SERVICE OPPORTUNITIES. MORE THAN 60 VOLUNTEERS SERVED IN 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tara Berndt Secretary | OfficerTrustee | 1 | $0 |
Marylynn Oglesbee Ec, Chair | OfficerTrustee | 3 | $0 |
Jennifer Sawyer Ec, Governan | OfficerTrustee | 1 | $0 |
Donna Rae Scheffert Grants Chair | OfficerTrustee | 0.5 | $0 |
Justin Stets Fund Develop | OfficerTrustee | 2 | $0 |
Laura Eschen Board Member | Trustee | 0.5 | $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 | $2,969,430 |
| Noncash contributions included in lines 1a–1f | $47,900 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,969,430 |
| Total Program Service Revenue | $3,654 |
| Investment income | $117,048 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,024,081 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,121,313 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,208,623 |
| 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 | $142,130 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,464 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $90,027 |
| Advertising and promotion | $6,010 |
| Office expenses | $14,201 |
| Information technology | $18,046 |
| Royalties | $0 |
| Occupancy | $5,500 |
| Travel | $440 |
| 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 | $1,749 |
| All other expenses | $0 |
| Total functional expenses | $2,523,757 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $254,264 |
| Savings and temporary cash investments | $107,276 |
| Pledges and grants receivable | $96,011 |
| 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 | $6,226,121 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,683,672 |
| Accounts payable and accrued expenses | $1,600 |
| 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 | $548,882 |
| Total liabilities | $550,482 |
| Net assets without donor restrictions | $1,142,859 |
| Net assets with donor restrictions | $4,990,331 |
| 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 | $6,683,672 |
Grants Awarded
Over the last fiscal year, Northfield Shares has awarded $2,167,453 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
Northfield, MN PURPOSE: GENERAL SUPPORT | $493,579 |
FIRST UNITED CHURCH OF CHRIST PURPOSE: SUPPORT | $488,579 |
Austin, TX | | $488,579 |
Crete, NE PURPOSE: SUPPORT | $488,579 |
Northfield, MN PURPOSE: SUPPORT | $50,000 |
Northfield, MN PURPOSE: YOUTH RELATED PROGRA | $24,042 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Northfield Shares has recieved totaling $156,834.
| Awarding Organization | Amount |
|---|---|
The American Center For Philanthropy Inc Northfield, MN PURPOSE: MULTIPLE GRANTS FOR MULTIPLE PURPOSES | $66,345 |
Minneapolis Foundation Minneapolis, MN PURPOSE: DONOR-RECOMMENDED, PHILANTHROPY | $48,060 |
Saint Paul & Minnesota Foundation Saint Paul, MN PURPOSE: MULTIPLE GRANTS FOR MULTIPLE PURPOSES | $25,619 |
Northfield Shares Northfield, MN PURPOSE: NSEE SUPPORT | $6,800 |
Schmidtke Family Foundation Inc Washburn, WI PURPOSE: SUPPORT FOR GENERAL OPERATIONS | $5,000 |
Olseth Foundation Minnetonka, MN PURPOSE: ENVIRONMENTAL SUSTAINABILITY FUND | $5,000 |
Endowment Analysis
| Beg. Balance | $4,198,052 |
| Earnings | $755,081 |
| Admin Expense | $68,433 |
| Net Contributions | $97,974 |
| Grants | $88,354 |
| Ending Balance | $4,894,320 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Society Of St Vincent De Paul- Twin Cities Minneapolis, MN | $592,562 | $17,408,500 |
Northland Foundation Duluth, MN | $110,895,270 | $27,913,272 |
David Lynch Foundation For Consciousness-Based Education And Fairfield, IA | $9,280,358 | $8,736,448 |
Steve Stricker American Family Insurance Foundation Inc Madison, WI | $5,745,517 | $4,719,862 |
Hope Gospel Mission Inc Eau Claire, WI | $10,860,307 | $6,194,588 |
Community Foundation Of Johnson Coralville, IA | $45,550,796 | $9,673,780 |
The American Center For Philanthropy Inc Northfield, MN | $38,336,369 | $9,301,432 |
Lyon County Riverboat Foundation Inc Rock Rapids, IA | $2,226,608 | $3,365,358 |
Morgan Memorial Foundation Inc Morgan, MN | $3,017,509 | $3,804,451 |
Believers Stewardship Services Inc Dubuque, IA | $18,487,302 | $3,760,622 |
Nexus Community Partners Saint Paul, MN | $15,080,839 | $10,294,112 |
Caseys Charities Ankeny, IA | $167,680 | $3,051,265 |