Midcontinent Foundation
- Assets
- $25.4k
- Revenue
- $260.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 02/1988
- Data as of
- 12/2022
- EIN
- 36-3556764
Organization Overview
Midcontinent Foundation is located in Minneapolis, 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. Midcontinent Foundation 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, Midcontinent Foundation generated $260.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $263.5k during the year ending 12/2022. While expenses have increased by 1.4% 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, Midcontinent Foundation has awarded 1,376 individual grants totaling $1,659,535. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Liz Statz Secretary/director | 1 | $0 | |
Wynne Haakenstad Executive Director | 2 | $0 | |
Will Butler Director | 1 | $0 | |
Jacki Brown Director - As Of 10/2022 | 1 | $0 | |
Shawn Doherty Director | 1 | $0 | |
Mike Fisher Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $260,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $260,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $9,389 |
| Printing and publications | $0 |
| Other expenses | $765 |
| Total operating and administrative expenses | $13,726 |
| Contributions, gifts, grants paid | $249,763 |
| Total expenses and disbursements | $263,489 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,360 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $25,360 |
| Accounts payable and accrued expenses | $1,455 |
| Grants payable | $2,653 |
| 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 | $4,108 |
Grants Awarded
Over the last fiscal year, Midcontinent Foundation has awarded $255,163 in support to 211 organizations.
| Grant Recipient | Amount |
|---|---|
#BEMORELIKECLAIRE PURPOSE: SUPPORT TRANSLATION OF CLAIRES COMMUNITY PARTICIPANT GUIDE INTO SPANISH AND/OR COVER THE COST OF PRINTING 150 COPIES OF THE SPANISH LANGUAGE PARTICIPANT GUIDE. | $2,000 |
AMERICAN CANCER SOCIETY PURPOSE: SUPPORT THE 2022 RELAY OF LIFE OF SIOUX FALLS WITH PROCEEDS DIRECTED TO CRITICAL AREAS OF DISCOVERY, ADVOCACY, AND PATIENT SUPPORT. | $2,000 |
ADAM HOEKSTRA MEMORIAL SCHOLARSHIP PURPOSE: SUPPORT TO A STUDENT AT NEW LONDON-SPICER HIGH SCHOOL AND NDSU MAJORING IN CONSERVATION, TECHNOLOGY OR LAW ENFORCEMENT FIELD. | $1,000 |
ANNANDALE ELEMENTARY PURPOSE: GRANT FUNDS WILL BE USED TO SUPPORT MONTHLY KINDERGARTEN FAMILY LITERACY NIGHTS. | $1,000 |
AMERICAN CANCER SOCIETY MN PURPOSE: GOLD TOGETHER CHAMPIONS | $2,000 |
BE NEW YOUTH CENTER PURPOSE: SUPPLIES FOR ACTIVITIES. BE NEW YOUTH CENTER PROMOTES AFTER SCHOOL ACTIVITIES ON A DAILY BASIS, MON-FRI. THEY OFFER EDUCATIONAL SUPPORT AND MENTORING LEADERSHIP, GAMES, POOL, PING PONG, X-BOX, PLAYSTATION | $2,000 |