Foundation For Essential Needs
- Assets
- $718.3k
- Revenue
- $1.1m
- Investments
- $307.6k
- Employees
- 4
- Location
- Minneapolis, MN
- Founding
- 09/2011
- Data as of
- 06/2022
- 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 06/2022, 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 06/2022, Foundation For Essential Needs generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 37.7% each year . All expenses for the organization totaled $863.8k during the year ending 06/2022. While expenses have increased by 29.2% 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 2021, Foundation For Essential Needs has awarded 35 individual grants totaling $522,978. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO RESHAPE THE MINNESOTA HUNGER RELIEF SYSTEM SO THAT ALL FOOD SHELF SHOPPERS (CLIENTS) ARE PROVIDED WITH PREDICTABLE, HEALTHY FOOD OPTIONS IN A DIGNIFIED AND WELCOMING ENVIRONMENT.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Haley Nelson President | OfficerTrustee | 2 | $0 |
Hernan Rojas Vice President | OfficerTrustee | 5 | $0 |
Kate Winter Secretary | OfficerTrustee | 4 | $0 |
Michael Niznik Treasurer | OfficerTrustee | 2 | $0 |
Sue Gillman Director | Trustee | 1 | $0 |
Jessica Rausch Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $323,205 |
| All other contributions, gifts, grants, and similar amounts not included above | $665,552 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $988,757 |
| Total Program Service Revenue | $0 |
| Investment income | $71,148 |
| 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 | $1,059,905 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $382,868 |
| 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. | $82,389 |
| Compensation of current officers, directors, key employees. | $8,239 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $262,707 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $20,758 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,802 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $19,214 |
| Office expenses | $2,142 |
| Information technology | $6,773 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $9,389 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,950 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,822 |
| All other expenses | $6,775 |
| Total functional expenses | $863,812 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $285,983 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $121,759 |
| 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 | $2,979 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $307,606 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $718,327 |
| Accounts payable and accrued expenses | $32,240 |
| Grants payable | $0 |
| Deferred revenue | $188,000 |
| 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 | $220,240 |
| Net assets without donor restrictions | $483,087 |
| Net assets with donor restrictions | $15,000 |
| 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 | $718,327 |
Grants Awarded
Over the last fiscal year, Foundation For Essential Needs has awarded $272,027 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
CALVARY FOOD SHELF PURPOSE: FOOD SHELF IMPROVEMENTS | $7,791 |
CLUES (COMUNIDADES LATINAS UNIDAS EN SERVICIO) PURPOSE: CHANNEL ONE FOOD BANK FOOD SYSTEM TRANSFORMATION- AUSTIN, MN STAFFING | $49,000 |
COMMUNITY ACTION CENTER PURPOSE: FUNDING FOR HVAC SYSTEM; HONORARIUM FOR SPEAKING AT FUNDRAISER | $11,000 |
FAMILY PATHWAYS PURPOSE: FOOD SHELF IMPROVEMENTS | $5,123 |
HOUSTON COMMUNITY FOOD SHELF PURPOSE: FOOD SHELF IMPROVEMENTS | $20,434 |
CHURCH OF THE INCARNATION PURPOSE: FOOD SHELF IMPROVEMENTS | $11,091 |