Winona Community Foundation Inc
- Assets
- $17.1m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 4
- Location
- Winona, MN
- Founding
- 01/1994
- Data as of
- 12/2023
- EIN
- 36-3500853
Organization Overview
Winona Community Foundation Inc is located in Winona, MN. The organization was established in 1994. 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 12/2023, Winona Community Foundation Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Winona Community Foundation Inc 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 12/2023, Winona Community Foundation Inc generated $2.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $2.4m during the year ending 12/2023. While expenses have increased by 8.6% per year over the past 9 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, Winona Community Foundation Inc has awarded 385 individual grants totaling $9,203,779. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE QUALITY OF LIFE IN THE WINONA AREA BY EDUCATING THE PUBLIC ABOUT THE PRACTICE OF PHILANTHROPY AND ITS BENEFITS BOTH TO DONORS AND TO THE COMMUNITY, CONNECTING PEOPLE WITH CHARITABLE INTENT AND RESOURCES WITH ORGANIZATIONS AND CAUSES THAT CAN ADVANCE THE PUBLIC GOOD, GATHERING, PRESERVING, AND STEWARDING PHILANTHROPIC RESOURCES, COLLABORATING WITH OTHER CHARITABLE ORGANIZATIONS, SERVING AS A CATALYST FOR SELECTED COMMUNITY INITIATIVES, AND MAKING GRANTS TO PROJECTS AND CAUSES THAT ADDRESS BOTH THE NEEDS AND THE OPPORTUNITIES PRESENT IN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONNECTING DONORS WITH CHARITABLE NEEDS THROUGH DILIGENT STEWARDING OF DONATIONS, WINONA COMMUNITY FOUNDATION CONTINUED TO FOSTER ITS MISSION IN 2023 WITH 583 GRANTS DISBURSED. THE FOUNDATION CONTINUES TO GROW ITS CAPACITY TO NOT ONLY MANAGE AND ADMINISTER CHARITABLE DOLLARS, BUT ALSO PARTNER FUTURE GIFTS WITH THE NEW IDENTIFIED NEEDS, AS WELL AS BETTER ADVOCATE AND FACILITATE COMMUNITY CONVERSATIONS ON SUCH NEEDS TO ENSURE THE MOST IMPACT IN THE USE OF THESE CHARITABLE GIFTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Guzzo Director | Trustee | 1 | $0 |
Aaron Young Treasurer | OfficerTrustee | 2 | $0 |
Kathleen Peterson Chair | OfficerTrustee | 2 | $0 |
Angela Lallemont Director | Trustee | 1 | $0 |
Ann Gibson Secretary | OfficerTrustee | 1 | $0 |
Amanda Hedlund Director - Through 6/30/2023 | 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 | $1,998,147 |
| Noncash contributions included in lines 1a–1f | $700,120 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,998,147 |
| Total Program Service Revenue | $63,871 |
| Investment income | $308,134 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$44,228 |
| Net Income from Fundraising Events | $6,600 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,409,348 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,681,381 |
| 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. | $145,207 |
| Compensation of current officers, directors, key employees. | $72,603 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $40,256 |
| Pension plan accruals and contributions | $497 |
| Other employee benefits | $0 |
| Payroll taxes | $13,778 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,095 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $66,958 |
| Fees for services: Other | $17,679 |
| Advertising and promotion | $24,552 |
| Office expenses | $4,852 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,301 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,544 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $562 |
| Insurance | $2,554 |
| All other expenses | $3,895 |
| Total functional expenses | $2,400,329 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $90,150 |
| Pledges and grants receivable | $0 |
| 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 | $1,753 |
| Net Land, buildings, and equipment | $1,044 |
| Investments—publicly traded securities | $17,012,056 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $26,512 |
| Total assets | $17,131,515 |
| Accounts payable and accrued expenses | $11,608 |
| 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 | $4,269,510 |
| Total liabilities | $4,281,118 |
| Net assets without donor restrictions | $5,323,347 |
| Net assets with donor restrictions | $7,527,050 |
| 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 | $17,131,515 |
Grants Awarded
Over the last fiscal year, Winona Community Foundation Inc has awarded $931,561 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
ADVOCACY CENTER OF WINONA PURPOSE: GENERAL SUPPORT | $17,030 |
BENEDICTINE FOUNDATION PURPOSE: GENERAL SUPPORT | $20,000 |
AMERICAN RED CROSS - SOUTHEAST MINN CHAP PURPOSE: 2023 DISTRIBUTION | $10,819 |
CATHOLIC CHARITIES OF SOUTHERN MINNESOTA PURPOSE: GENERAL SUPPORT | $24,050 |
CITY OF WINONA PURPOSE: GENERAL SUPPORT | $7,680 |
FAMILY & CHILDREN'S CENTER PURPOSE: GENERAL SUPPORT | $57,976 |