Communitygiving
- Assets
- $237.9m
- Revenue
- $30.3m
- Investments
- $12.6m
- Employees
- 35
- Location
- St Cloud, MN
- Founding
- 05/1986
- Data as of
- 06/2024
- EIN
- 36-3412544
Organization Overview
Communitygiving is located in St Cloud, MN. The organization was established in 1986. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2024, Communitygiving employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Communitygiving 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 06/2024, Communitygiving generated $30.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $22.5m during the year ending 06/2024. While expenses have increased by 10.2% per year over the past 8 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 2017, Communitygiving has awarded 2,619 individual grants totaling $116,533,538. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO ENGAGE PEOPLE, CONNECT RESOURCES, AND BUILD COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTMAKING - THE FOUNDATION ADMINISTERED THE GRANTING OF OVER $18 MILLION IN DISTRIBUTIONS TO OVER 1,000 NON-PROFITS FROM THE 1,222 FUNDS SET UP BY DONORS.
SCHOLARSHIPS - THE FOUNDATION ADMINISTERS 120 SCHOLARSHIP FUNDS AND AWARDS OF $648,141 TO EDUCATION INSTITUTIONS AND TO 198 STUDENTS PAID TO THEIR RESPECTIVE EDUCATION INSTITUTIONS ON A SEMESTER OR QUARTERLY BASIS.
COMMUNITY INITIATIVES - THE FOUNDATION FOCUSES ITS EFFORTS ON SUPPORTING AND STAFFING 6 MAJOR INITIATIVES DESIGNED TO ENGAGE THE COMMUNITY IN BUILDING SOCIAL CAPITAL ASSETS, PROMOTING VOLUNTEER INVOLVEMENT ACTIVITIES FOR OVER 5,000 PEOPLE AND PROVIDING LEVERAGE TO GENERATE ADDITIONAL FUNDS FOR IDENTIFIED COMMUNITY ISSUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Joul President | OfficerTrustee | 40 | $235,923 |
Steve Peterson Chair | OfficerTrustee | 1 | $0 |
Laura Helmer Vice Chair | OfficerTrustee | 1 | $0 |
Dr Kathleen Allen Secretary | OfficerTrustee | 1 | $0 |
James Ringwald Treasurer | OfficerTrustee | 1 | $0 |
Janet Grones Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $328,898 |
| Related organizations | $1,233,959 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,344,378 |
| Noncash contributions included in lines 1a–1f | $6,317,518 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,907,235 |
| Total Program Service Revenue | $0 |
| Investment income | $4,407,970 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$88,899 |
| Net Gain/Loss on Asset Sales | $3,896,608 |
| Net Income from Fundraising Events | $188,739 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $30,311,653 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $17,892,013 |
| Grants and other assistance to domestic individuals. | $526,827 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $260,952 |
| Compensation of current officers, directors, key employees. | $97,345 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,089,707 |
| Pension plan accruals and contributions | $124,400 |
| Other employee benefits | $243,721 |
| Payroll taxes | $166,877 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20,615 |
| Fees for services: Accounting | $24,745 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $44,733 |
| Office expenses | $180,592 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $70,453 |
| Insurance | $22,497 |
| All other expenses | $0 |
| Total functional expenses | $22,465,219 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,720,572 |
| Pledges and grants receivable | $322,135 |
| Accounts receivable, net | $1,281,346 |
| 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 | $44,379 |
| Net Land, buildings, and equipment | $754,183 |
| Investments—publicly traded securities | $219,096,690 |
| Investments—other securities | $12,601,766 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $59,304 |
| Total assets | $237,880,375 |
| Accounts payable and accrued expenses | $87,877 |
| Grants payable | $270,045 |
| 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 | $44,900,108 |
| Total liabilities | $45,258,030 |
| Net assets without donor restrictions | $152,739,440 |
| Net assets with donor restrictions | $39,882,905 |
| 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 | $237,880,375 |
Grants Awarded
Over the last fiscal year, Communitygiving has awarded $17,147,793 in support to 421 organizations.
| Grant Recipient | Amount |
|---|---|
ADVOCACY & INCLUSION MATTER OF WEST CENTRAL MN-AIM PURPOSE: GEN/OPER SUPPORT | $33,500 |
AIM HIGHER FOUNDATION PURPOSE: GEN/OPER SUPPORT | $10,000 |
ALANO SOCIETY OF ST CLOUD PURPOSE: GEN/OPER SUPPORT | $10,000 |
ALBANY AREA SCHOOLS ISD 745 PURPOSE: SCHOLARSHIP FUNDS | $12,000 |
ALEXANDRIA AREA ARTS ASSOCIATION INC AKA ANDRIA THEATRE PURPOSE: GEN/OPER SUPPORT | $17,674 |
ALEXANDRIA AREA YMCA PURPOSE: GEN/OPER SUPPORT | $8,000 |