Bcbsm Foundation Inc
- Assets
- $77.1m
- Revenue
- $3.7m
- Investments
- $75.8m
- Employees
- 0
- Location
- St Paul, MN
- Founding
- 05/1988
- Data as of
- 12/2023
- 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 12/2023, Bcbsm Foundation Inc generated $3.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (15.2%) each year. All expenses for the organization totaled $6.9m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Bcbsm Foundation Inc has awarded 462 individual grants totaling $33,192,892. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION CONDUCTS PROGRAMS IN SUPPORT OF HEALTHY COMMUNITIES. AREAS OF FOCUS ARE EQUITABLE CARE AND COVERAGE, EARLY CHILDHOOD CARE AND EDUCATION, AND COMMUNITY CONNECTIONS TO REDUCE SOCIAL ISOLATION. FUNDS WERE USED FOR PROGRAM EVALUATION, GRANTEE TECHNICAL ASSISTANCE, AND GARANTEE CONVENING TO SUPPORT THREE FOCUS AREAS.
FUNDS WERE USED FOR PLANNING AND COMMUNICATIONS RELATED TO A COMMUNITY EVENT FOCUSED ON RACIAL AND HEALTH EQUITY AND COMMUNICATIONS TO SUPPORT GRANTEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Steffen MD Director | 0 | $0 | |
Rachel Hardeman Director | 0 | $500 | |
Bukata Hayes Board Chair | 0 | $0 | |
Dana Erickson Director | 0 | $0 | |
Paul Sand Secretary | 0 | $0 | |
Ann Howes Asst Secretary | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Padilla Speer Beardsley | 12/30/23 | $65,000 |
Arcadia Research And Evaluation Llc | 12/30/23 | $448,381 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $43,231 |
| Dividends & Interest | $3,326,137 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $272,396 |
| Capital Gain Net Income | $1,463,464 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $55,859 |
| Total Revenue | $3,697,623 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $394,829 |
| Other employee salaries and wages | $439,745 |
| Pension plans, employee benefits | $174,013 |
| Interest | $0 |
| Taxes | $112,200 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $29,184 |
| Printing and publications | $0 |
| Other expenses | $541,609 |
| Total operating and administrative expenses | $2,090,873 |
| Contributions, gifts, grants paid | $4,791,453 |
| Total expenses and disbursements | $6,882,326 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,175,053 |
| 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 | $8,246,245 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $119,108 |
| Total assets | $77,106,995 |
| Accounts payable and accrued expenses | $879,357 |
| Grants payable | $376,464 |
| 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 | $1,255,821 |
Grants Awarded
Over the last fiscal year, Bcbsm Foundation Inc has awarded $6,127,015 in support to 70 organizations.
| Grant Recipient | Amount |
|---|---|
AFRICAN COMMUNITY SENIOR SERVICES PURPOSE: ACCESS TO COVERAGE, ASSIST WITH PUBLIC PROGRAM RENEWALS | $40,000 |
ALIGHT PURPOSE: WELCOME HOME AFGHANS IN MN | $50,000 |
AFRICAN COMMUNITY SERVICES PURPOSE: ACS ACCESS TO COVERAGE | $100,000 |
AFRICAN ECONOMIC DEVELOPMENT SOLUTIONS PURPOSE: AFRICAN MINNESOTAN EARLY CHILDHOOD PROVIDER INITIATIVE | $100,000 |
ALL NATIONS RISE PURPOSE: FIRST CHILDREN FIRST NATIONS CHILD CARE COLLABORATIVE | $80,000 |
APPLE TREE DENTAL PURPOSE: LAUNCHING A FAMILY-CENTERED DENTAL HOME PILOT | $200,000 |