Austin Community Charitable Fund
- Assets
- $4.1m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Austin, MN
- Founding
- 04/1987
- Data as of
- 12/2022
- EIN
- 36-3487772
Organization Overview
Austin Community Charitable Fund is located in Austin, MN. The organization was established in 1987. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Austin Community Charitable Fund 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 12/2022, Austin Community Charitable Fund generated $3.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 33.4% each year . All expenses for the organization totaled $169.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CHARITABLE & EDUCATIONAL SUPPORT
Describe the Organization's Program Activity:
Part 3 - Line 4a
IMPACT AUSTIN DEVELOPED PLANS FOR A COMMUNITY COMPREHENSIVE PLANNING PROCESS AND SUPPORTED FARMERS MARKET ACTIVITIES.
AUSTIN COMMUNITY CHARITABLE FUND SUPPORTED ACCESS AND EDUCATION AROUND DIGITAL EQUITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adenuga Atewologun President | OfficerTrustee | 0.5 | $0 |
Scott Fox Vice President | OfficerTrustee | 0.5 | $0 |
Tanya Medgaarden Treasurer | OfficerTrustee | 0.5 | $0 |
John Hernandez Secretary | OfficerTrustee | 0.5 | $0 |
Nan Hanegraff Director | Trustee | 0.5 | $0 |
Steve Hovey Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $6,100 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,103,136 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,109,236 |
| Total Program Service Revenue | $0 |
| Investment income | $4 |
| 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 | $3,109,240 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $111,720 |
| 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 | $1,250 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,009 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,338 |
| Advertising and promotion | $1,000 |
| Office expenses | $34 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $169,943 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $105,233 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $4,038,668 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,143,901 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $10,308 |
| Net assets with donor restrictions | $4,133,593 |
| 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 | $4,143,901 |
Grants Awarded
Over the last fiscal year, Austin Community Charitable Fund has awarded $111,720 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
MOWER COUNTY SOIL AND WATER CONSERVATION DISTRICT PURPOSE: CHARITABLE PURPOSE | $21,841 |
DEVELOPMENT CORPORATION OF AUSTIN PURPOSE: CHARITABLE PURPOSE | $82,857 |
SOUTHERN MINNESOTA INITIATIVE FOUNDATION PURPOSE: CHARITABLE PURPOSE | $7,022 |