Headwaters Foundation For Justice
- Assets
- $28.0m
- Revenue
- $15.0m
- Investments
- $0.0
- Employees
- 18
- Location
- Minneapolis, MN
- Founding
- 05/1985
- Data as of
- 06/2022
- EIN
- 36-3359386
Organization Overview
Headwaters Foundation For Justice is located in Minneapolis, MN. The organization was established in 1985. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Headwaters Foundation For Justice employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Headwaters Foundation For Justice 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, Headwaters Foundation For Justice generated $15.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 39.5% each year . All expenses for the organization totaled $6.4m during the year ending 06/2022. While expenses have increased by 19.0% 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, Headwaters Foundation For Justice has awarded 671 individual grants totaling $17,063,588. 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
HEADWATERS FOUNDATION'S MISSION IS TO AMPLIFY THE POWER OF COMMUNITY TO ADVANCE EQUITY AND JUSTICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BLACK SEED FELLOWSHIP: THE BLACK SEED FELLOWSHIP IS A NEW STRATEGY FOR BUILDING LONG-TERM POLITICAL POWER AND INFRASTRUCTURE IN MINNESOTA. IT IS OUR FIRST INITIATIVE COMING OUT OF OUR BLACK MOVEMENT ECOSYSTEM PROGRAM (BME). BY INVESTING DEEPLY IN WOMEN AND FEMME ORGANIZERS FROM DIVERSE BACKGROUNDS, HEADWATERS HELPS FELLOWS DEVELOP A SERIES OF RETREATS TO PROVIDE HEALING AND RECONCILIATION SESSIONS; VISIONING SESSIONS TO BUILD ORGANIZING UNITY AND POLITICAL ALIGNMENT; AND A WORK-INTO-ACTION SESSION TO PLAN AND EXECUTE A COLLABORATIVE CAMPAIGN. IN FISCAL YEAR 2022, BME PROGRAM AWARDED $550,000 TO 17 ORGANIZATIONS.
DONOR ADVISED FUNDS: THIS PROGRAM ENABLES INDIVIDUAL DONORS TO ADVANCE THEIR PHILANTHROPIC GOALS AND DIRECT RESOURCES TO SOCIAL CHANGE GROUPS LOCALLY AND NATIONALLY. DEVELOPMENT STAFF EDUCATES DONORS ABOUT SOCIAL INJUSTICE ISSUES, CONNECTS THEM TO ORGANIZATIONS THAT MATCH THEIR INTERESTS, AND PROVIDES GRANTMAKING ASSISTANCE. IN FISCAL YEAR 2022, HEADWATERS ALLOCATED $1,145,600 TO 99 ORGANIZATIONS. (INCLUDES GRANTS OF $244,446 AWARDED TO HEADWATERS).
THE GIVING PROJECT GRANT PROGRAM: SINCE 2015, THIS PROGRAM INVESTS IN ORGANIZATIONS THAT ARE LED BY AND FOR BLACK PEOPLE, INDIGENOUS PEOPLE, AND PEOPLE OF COLOR (BIPOC) THAT ALSO USE A COMMUNITY ORGANIZING APPROACH TO ADDRESS ROOT CAUSES OF INJUSTICE. DURING FISCAL YEAR 2022, A CROSS-CLASS, MULTIRACIAL COHORT OF COMMUNITY MEMBERS MANAGED THE GIVING PROJECT GRANTMAKING PROCESS. THE COHORT RAISED MONEY FROM THEIR NETWORKS AND LED THE GRANTMAKING PROCESS; THEY AWARDED $510,000 IN 17 GENERAL OPERATING GRANTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maria DE La Cruz President | Officer | 32 | $176,844 |
Julie Remmelts VP Of Operations & Finance | Officer | 32 | $146,198 |
Melissa Rudnick Director Of Program & Grantmaking | 32 | $122,598 | |
Allison Johnson Heist VP Of Culture & Partnership | 32 | $115,429 | |
Camille Cyprian Co-Chair | OfficerTrustee | 1 | $0 |
Arleta Little Treasurer | OfficerTrustee | 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 | $14,429,606 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,429,606 |
| Total Program Service Revenue | $0 |
| Investment income | $45,427 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $484,378 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,004,954 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,688,797 |
| 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. | $442,339 |
| Compensation of current officers, directors, key employees. | $92,891 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,241,409 |
| Pension plan accruals and contributions | $298,779 |
| Other employee benefits | $44,967 |
| Payroll taxes | $23,835 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $88,241 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $122,443 |
| Advertising and promotion | $0 |
| Office expenses | $66,727 |
| Information technology | $153,452 |
| Royalties | $0 |
| Occupancy | $124,671 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $79,312 |
| Interest | $4,789 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,193 |
| Insurance | $6,996 |
| All other expenses | $0 |
| Total functional expenses | $6,350,006 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,098,978 |
| Savings and temporary cash investments | $1,776,287 |
| Pledges and grants receivable | $14,017,679 |
| 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 | $78,453 |
| Net Land, buildings, and equipment | $158,344 |
| Investments—publicly traded securities | $3,243,012 |
| Investments—other securities | $0 |
| Investments—program-related | $510,000 |
| Intangible assets | $0 |
| Other assets | $1,103,673 |
| Total assets | $27,986,426 |
| Accounts payable and accrued expenses | $209,386 |
| Grants payable | $1,235,000 |
| 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 | $97,034 |
| Other liabilities | $8,716 |
| Total liabilities | $1,550,136 |
| Net assets without donor restrictions | $4,345,464 |
| Net assets with donor restrictions | $22,090,826 |
| 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 | $27,986,426 |
Grants Awarded
Over the last fiscal year, Headwaters Foundation For Justice has awarded $3,178,500 in support to 98 organizations.
| Grant Recipient | Amount |
|---|---|
Minneapolis, MN PURPOSE: GENERAL OPERATING SUPPORT & PROJECT SUPPORT | $172,500 |
Oakland, CA PURPOSE: PROJECT SUPPORT | $125,000 |
Bemidji, MN PURPOSE: GENERAL OPERATING SUPPORT & PROJECT SUPPORT | $100,000 |
Minneapolis, MN PURPOSE: GENERAL OPERATING SUPPORT | $80,000 |
Minneapolis, MN PURPOSE: GENERAL OPERATING SUPPORT | $80,000 |
Minneapolis, MN PURPOSE: GENERAL OPERATING SUPPORT | $75,000 |
Grants Recieved
Over the last fiscal year, we have identified 29 grants that Headwaters Foundation For Justice has recieved totaling $2,144,722.
| Awarding Organization | Amount |
|---|---|
Thrivent Financial For Lutherans Minneapolis, MN PURPOSE: General Support | $500,000 |
Northwest Area Foundation St Paul, MN PURPOSE: THE TRANSFORMATION FUND & STAFF/OPERATIONS | $400,000 |
Ford Foundation New York, NY PURPOSE: GENERAL SUPPORT AND CORE SUPPORT FOR THE BLACK SEED FELLOWSHIP TO DEEPEN AND STRENGTHEN NETWORKED LEADERSHIP | $312,500 |
Ghr Foundation Minneapolis, MN PURPOSE: CORE SUPPORT | $200,000 |
F B Heron Foundation New Milford, CT PURPOSE: GENERAL SUPPORT | $150,000 |
Minneapolis Foundation Minneapolis, MN PURPOSE: DONOR-RECOMMENDED, HUMAN RIGHTS | $90,392 |
Endowment Analysis
| Beg. Balance | $5,877,844 |
| Earnings | -$825,861 |
| Net Contributions | $24 |
| Other Expense | $195,322 |
| Ending Balance | $4,856,685 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
On With Life Inc Ankeny, IA | $19,447,887 | $18,186,855 |
International Association Of Lions Clubs Fridley, MN | $197,690 | $14,146,394 |
Options In Community Living Inc Madison, WI | $7,666,427 | $12,922,524 |
Center City Housing Corporation Duluth, MN | $35,739,418 | $8,813,039 |
Access North Center For Independent Living Of Northeastern Minnesota Hibbing, MN | $4,421,937 | $7,763,537 |
Rural Office Of Community Services Wagner, SD | $1,371,627 | $8,326,343 |
Community Action Partnership Of Hennepin County St Louis Park, MN | $782,204 | $7,196,325 |
Headwaters Foundation For Justice Minneapolis, MN | $27,986,426 | $15,004,954 |
Species360 Minneapolis, MN | $9,065,398 | $6,225,506 |
Zinzendorf Hall Inc Watertown, WI | $13,448,322 | $5,812,562 |
Ne South Dakota Community Action Program Inc Sisseton, SD | $10,163,579 | $4,453,271 |
Neighbors Place Inc Wausau, WI | $2,102,343 | $3,291,740 |