Listening Point Foundation Inc
- Assets
- $1.4m
- Revenue
- $126.3k
- Investments
- $239.3k
- Employees
- 2
- Location
- Ely, MN
- Founding
- 08/1998
- Data as of
- 12/2021
- EIN
- 39-1929276
Organization Overview
Listening Point Foundation Inc is located in Ely, MN. The organization was established in 1998. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Listening Point Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Listening Point 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, Listening Point Foundation Inc generated $126.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $113.2k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
LISTENING POINT FOUNDATION IS DEDICATED TO PRESERVING LISTENING POINT AND ADVANCING SIGURDOLSONS WILDERNESS PHILOSOPHY. THIS INCLUDES: PRESERVING THE LISTENING POINT PROPERTY,PRESERVING SIGURD OLSONS HOME AND WRITING SHACK, AND PUBLIC EDUCATION PROGRAMS AND EVENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESERVE AND PROVIDE ACCESS TO THE HISTORIC LISTENING POINT PROPERTY, OLSON FAMILY HOME, AND SIGURD OLSONS WRITING SHACK WHERE HE WROTE HIS NATIONALLY ACCLAIMED, BESTSELLING BOOKS. FREE TOURS ARE PROVIDED FOR THE PUBLIC AND EDUCATIONAL GROUPS. LISTENING POINT AND THE WRITING SHACK ARE ON THE NATIONAL REGISTER OF HISTORIC PLACES.
CREATE FREE EDUCATIONAL MATERIALS FOR THE PUBLIC REGARDING THE LIFE AND LEGACY OF SIGURD F. OLSON, INCLUDING SHORT FILMS AND RELATED PROJECTS THAT HIGHLIGHT HIS WRITING AND NATIONAL IMPACT.
PUBLISH A FREE, DETAILED NEWSLETTER TWICE A YEAR THAT INCLUDES FOUNDATION ACTIVITIES, ACCOMPLISHMENTS, UPDATES, PHOTOS, HISTORICAL INFORMATION, AND INSIGHTS ABOUT WILDERNESS PHILOSOPHY.
OTHER PROGRAM SERVICE ACTIVITIES RELATED TO THE MISSION THE LISTENING POINT FOUNDATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cori Mattke Secretary | OfficerTrustee | 2 | $0 |
Charles Wick Vice President | OfficerTrustee | 2 | $0 |
Patsy Mogush President | OfficerTrustee | 2 | $0 |
Casey Campbell Treasurer | OfficerTrustee | 2 | $0 |
Stephanie Obrien Executive Director | Officer | 20 | $0 |
Kathleen Floberg Director | Trustee | 2 | $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 | $87,252 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $87,252 |
| Total Program Service Revenue | $0 |
| Investment income | $31,131 |
| 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 | $7,929 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $126,312 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,544 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $32,000 |
| Compensation of current officers, directors, key employees. | $8,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,718 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,947 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,585 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,480 |
| Fees for services: Other | $15,567 |
| Advertising and promotion | $1,475 |
| Office expenses | $21,034 |
| Information technology | $1,621 |
| Royalties | $0 |
| Occupancy | $14,540 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $385 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,941 |
| Insurance | $3,002 |
| All other expenses | $2,400 |
| Total functional expenses | $113,239 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,731 |
| Savings and temporary cash investments | $0 |
| 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 | $8,559 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $803,697 |
| Investments—publicly traded securities | $312,443 |
| Investments—other securities | $239,254 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,412,684 |
| Accounts payable and accrued expenses | $2,025 |
| 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 | $2,025 |
| Net assets without donor restrictions | $362,092 |
| Net assets with donor restrictions | $1,048,567 |
| 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 | $1,412,684 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Listening Point Foundation Inc has recieved totaling $7,848.
| Awarding Organization | Amount |
|---|---|
Saint Paul & Minnesota Foundation Saint Paul, MN PURPOSE: MULTIPLE GRANTS FOR MULTIPLE PURPOSES | $7,701 |
Fabricon Foundation St Paul, MN PURPOSE: PUBLIC SERVICES | $100 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $47 |
Endowment Analysis
| Beg. Balance | $207,233 |
| Earnings | $5,151 |
| Admin Expense | $2,480 |
| Other Expense | $7,701 |
| Ending Balance | $202,203 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Minnesota Historical Society Saint Paul, MN | $261,681,031 | $58,257,393 |
Pioneer Home Incorporated Fergus Falls, MN | $18,276,562 | $17,034,682 |
Hoyt Sherman Place Foundation Des Moines, IA | $25,209,028 | $4,318,549 |
American Opinion Foundation Inc Appleton, WI | $4,682,811 | $5,136,878 |
Clover Fields Preservation Foundation Inc Minneapolis, MN | $10,552,332 | $5,740,196 |
The Basilica Landmark Minneapolis, MN | $10,889,737 | $3,579,135 |
Orpheum Theatre Preservation Project Ltd Sioux City, IA | $9,952,360 | $2,698,691 |
Badlands Natural History Association Inc Interior, SD | $3,710,673 | $1,802,760 |
Franklin County Fair Foundation Hampton, IA | $108,954 | $446,222 |
Wisconsin Vietnam Veterans Memorial Project Inc Neillsville, WI | $4,698,350 | $1,226,254 |
South Dakota Historical Society Foundation Pierre, SD | $2,393,071 | $765,039 |
Burlington Riverfront Entertainment Burlington, IA | $130,152 | $703,143 |