Foundation For Essential Needs
- Assets
- $452.8k
- Revenue
- $582.1k
- Investments
- $306.9k
- Employees
- 4
- Location
- Minneapolis, MN
- Founding
- 09/2011
- Data as of
- 06/2021
- EIN
- 27-4342240
Organization Overview
Foundation For Essential Needs is located in Minneapolis, MN. The organization was established in 2011. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. As of 06/2021, Foundation For Essential Needs employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Essential Needs 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 06/2021, Foundation For Essential Needs generated $582.1k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 31.5% each year . All expenses for the organization totaled $553.7k during the year ending 06/2021. While expenses have increased by 25.2% per year over the past 6 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 2021, Foundation For Essential Needs has awarded 42 individual grants totaling $501,902. 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
TO RESHAPE THE FOOD SHELF SYSTEM TO PROVIDE EQUITABLE, HEALTHY AND PREDICTABLE FOOD OPTIONS THROUGHOUT THE TWIN CITIES METRO AREA AND GREATER MINNESOTA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE EQUIPMENT AND SUPPORT TO FOOD SHELVES. INCLUDES CONSULTING SERVICES AND ANALYSIS TO IMPROVE EFFICIENCY AT NO COST TO THE FOOD SHELF.
PROVIDE EQUIPMENT AND SUPPORT TO FOOD SHELVES. INCLUDES CONSULTING SERVICES AND ANALYSIS TO IMPROVE EFFICIENCY AT NO COST TO THE FOOD SHELF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kate Burggraff Executive Director | OfficerTrustee | 40 | $39,750 |
Carolyn Kohrs Secretary | OfficerTrustee | 4 | $0 |
Haley Nelson President | OfficerTrustee | 2 | $0 |
Michael T Niznik Treasurer | OfficerTrustee | 2 | $0 |
Susan Gillman Vice President | OfficerTrustee | 5 | $0 |
Hernan Rojas Director | Trustee | 1 | $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 | $449,089 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $449,089 |
| Total Program Service Revenue | $120,626 |
| Investment income | $5,340 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,008 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $582,063 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $315,499 |
| 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. | $68,307 |
| Compensation of current officers, directors, key employees. | $10,246 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $38,254 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,209 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,485 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,970 |
| Fees for services: Other | $58,927 |
| Advertising and promotion | $4,060 |
| Office expenses | $7,316 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,158 |
| Travel | $116 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,518 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,170 |
| All other expenses | $0 |
| Total functional expenses | $553,686 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,748 |
| Savings and temporary cash investments | $50,024 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $58,208 |
| 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 | $0 |
| Investments—other securities | $306,869 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,966 |
| Total assets | $452,815 |
| Accounts payable and accrued expenses | $18,088 |
| 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 | $18,088 |
| Net assets without donor restrictions | $434,727 |
| Net assets with donor restrictions | $0 |
| 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 | $452,815 |
Grants Awarded
Over the last fiscal year, Foundation For Essential Needs has awarded $501,902 in support to 42 organizations.
| Grant Recipient | Amount |
|---|---|
SEMCAC PURPOSE: FUNDING FOR REFRIGERATION AND OTHER EQUIPMENT | $30,183 |
SEMCAC PURPOSE: FUNDING FOR REFRIGERATION AND OTHER EQUIPMENT | $30,183 |
INCARNATION FOOD CENTER PURPOSE: DIRECT FUNDING AND RENOVATION | $29,250 |
INCARNATION FOOD CENTER PURPOSE: DIRECT FUNDING AND RENOVATION | $29,250 |
CAMDEN PROMISE FOOD SHELF PURPOSE: PROVIDE FOOD SHELF SUPPORT | $21,214 |
CAMDEN PROMISE FOOD SHELF PURPOSE: PROVIDE FOOD SHELF SUPPORT | $21,214 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Foundation For Essential Needs has recieved totaling $441,668.
| Awarding Organization | Amount |
|---|---|
Hunger Solutions Minnesota St Paul, MN PURPOSE: SUBGRANTEE FOR TEFAP CONTRACT | $346,000 |
Otto Bremer Trust St Paul, MN PURPOSE: GENERAL OPERATIONS | $40,000 |
Bame Foundation Golden Valley, MN PURPOSE: CHARITABLE GIFT | $15,500 |
Hugh J Andersen Foundation Bayport, MN PURPOSE: GENERAL OPERATING SUPPORT | $15,000 |
Mightycause Charitable Foundation Marianna, FL PURPOSE: UNRESTRICTED | $11,898 |
Robins Family Foundation Gem Lake, MN PURPOSE: CIVIC COMMUNITY | $7,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Childserve Foundation Inc Johnston, IA | $15,317,194 | $6,918,113 |
Presbyterian Homes Foundation Roseville, MN | $93,078,808 | $19,725,550 |
Iowa Community Action Association Des Moines, IA | $753,837 | $3,823,427 |
Eastern Congo Initiative Minneapolis, MN | $7,833,187 | $4,435,607 |
Re Power Fund Minneapolis, MN | $5,415,294 | $4,322,617 |
American Warrior Initiative Inc Madison, WI | $3,298,583 | $1,806,705 |
The World Orphan Fund Inc Randolph, WI | $777,063 | $1,129,281 |
Sunshine Place Inc Sun Prairie, WI | $2,711,848 | $1,376,571 |
Sheltering Arms Foundation Minneapolis, MN | $14,379,135 | $578,208 |
Big T Foundation Lakeville, MN | $11,785 | $483,542 |
Sioux Falls Hope Coalition Sioux Falls, SD | $1,074,906 | $918,262 |
Foundation For Essential Needs Minneapolis, MN | $452,815 | $582,063 |