Bcbsm Foundation Inc
- Assets
- $78.4m
- Revenue
- $6.5m
- Investments
- $76.3m
- Employees
- 0
- Location
- St Paul, MN
- Founding
- 05/1988
- Data as of
- 12/2021
- EIN
- 36-3525653
Organization Overview
Bcbsm Foundation Inc is located in St Paul, MN. The organization was established in 1988. 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. Bcbsm 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 12/2021, Bcbsm Foundation Inc generated $6.5m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 16.5% each year . All expenses for the organization totaled $6.7m during the year ending 12/2021. While expenses have increased by 3.1% per year over the past 4 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 2019, Bcbsm Foundation Inc has awarded 288 individual grants totaling $18,790,827. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDS WERE USED FOR EVALUATION OF A PROTFOLIO OF GRANTEES WORKING ON HEALTH EQUITY PROJECTS FUNDED BY THE FOUNDATION. GRANTEE WORK IN THIS FOCUS AREA IS AMINED AT ADVANCING COMMUNITY STRATEGIES THAT IMPROVE OPPORTUNITIES FOR PEOPLE TO REACH THEIR FULL HEALTH POTENTIAL
FUNDS SUPPORTED EVALUATION FOR THE FOUNDATION'S QUALITY EARLY EDUCATION AND CARE PROGRAM THAT HELPS LICENSED FAIMLY CHILDCARE PROVIDERS IMPROVE THE QUAL,ITY OF CARE PROVIDED TO MINNESOTA CHILDREN, GIVING THEM THE BEST CHANCE FOR A HEALTHY FUTURE.
FUNDS USED FOR EVALUATION OF A PORTFOLIO OF GRANTEE EFFORTS TO CONTUCT OUTREACH AND ENROLLMENT OF PEOPLE INTO HEALTH CARE COVERAGE PROGRAMS.
FUNDS SUPPORTED A GRANTEE PERCEPTION SURVEY CONDUCTED TO GAIN GRANTEE FEEDBACK ON KEY FOUNDATION STRENGTHS AND OPPORTUNITIES FOR IMPROVEMENT.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carolyn Link President | 40 | $315,088 | |
Claire Chang Senior Program Offic | 40 | $165,529 | |
Allison Corrado Senior Program Offic | 40 | $141,136 | |
Gilbert Achay Senior Program Offic | 40 | $140,362 | |
Bilal Alkatout Senior Program Offic | 40 | $123,356 | |
Janet Jablonske Operations Manager | 40 | $120,230 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Amherst H Wilder Foundation | 12/30/21 | $102,500 |
Arcadia Research And Evaluation Llc | 12/30/21 | $330,755 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $766 |
| Dividends & Interest | $2,273,794 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,231,876 |
| Capital Gain Net Income | $4,176,408 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,977 |
| Total Revenue | $6,512,413 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $315,088 |
| Other employee salaries and wages | $407,784 |
| Pension plans, employee benefits | $171,707 |
| Interest | $0 |
| Taxes | $108,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,612 |
| Printing and publications | $0 |
| Other expenses | $753,828 |
| Total operating and administrative expenses | $1,853,381 |
| Contributions, gifts, grants paid | $4,888,558 |
| Total expenses and disbursements | $6,741,939 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,878,805 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $166,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $152,248 |
| Total assets | $78,373,762 |
| Accounts payable and accrued expenses | $727,688 |
| Grants payable | $849,536 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,577,224 |
Grants Awarded
Over the last fiscal year, Bcbsm Foundation Inc has awarded $6,021,061 in support to 79 organizations.
| Grant Recipient | Amount |
|---|---|
FRONTSTREAM PURPOSE: 2020 COMMUNITY GIVING CAMPAIGN | $444,809 |
FRONTSTREAM PURPOSE: 2021 COMMUNITY GIVING CAMPAIGN | $409,627 |
IMMIGRANT LAW CENTER PURPOSE: ILCM GENERAL OPERATING SUPPORT | $130,000 |
Minneapolis, MN PURPOSE: DEVELOPING WORKER LEADERSHIP TO ADVANCE HEALTH EQUITY AND ECONOMIC JUSTICE | $100,000 |
CASA DE ESPERANZA PURPOSE: NURTURING WHOLE, HEALTHY, AND THRIVING LATIN FAMILIES AND COMMUNITIES | $100,000 |
CHILDREN'S DEFENSE FUND PURPOSE: BUILDING POWER AND RAISING VOICES FOR MN FAMILIES | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charles K Blandin Foundation Grand Rapids, MN | $0 | $24,073,238 |
Reiman Foundation Inc Pewaukee, WI | $64,480,239 | $12,529,672 |
American Family Insurance Dreams Foundation Inc Madison, WI | $10,733,127 | $6,580,229 |
Joseph And Vera Zilber Charitable Foundation Inc Milwaukee, WI | $301,880,639 | $24,555,392 |
Argosy Foundation Milwaukee, WI | $36,932,110 | $41,277,914 |
Cargill Foundation Minneapolis, MN | $286,172,868 | $105,535,102 |
Schoeneckers Foundation Minneapolis, MN | $145,295,949 | $7,540,866 |
The Curtis L Carlson Family Foundation Minnetonka, MN | $300,826,673 | $21,132,663 |
Principal Financial Group Foundation Inc Des Moines, IA | $217,742,870 | $19,396,180 |
Herbert H Kohl Charities Inc Milwaukee, WI | $19,332,679 | $4,430,173 |
Andreas Foundation Mankato, MN | $70,794,995 | $28,410,107 |
Frechette Family Foundation Minneapolis, MN | $167,055,978 | $9,430,765 |