Listening Point Foundation Inc
- Assets
- $1.3m
- Revenue
- $126.2k
- Investments
- $207.6k
- Employees
- 2
- Location
- Ely, MN
- Founding
- 08/1998
- Data as of
- 12/2023
- 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 12/2023, 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 12/2023, Listening Point Foundation Inc generated $126.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $128.1k during the year ending 12/2023. While expenses have increased by 3.7% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
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
NEWSLETTER GOES OUT TWICE A YEAR TO OVER 5,700 RECIPIENTS ACROSS THE COUNTRY. IT PROVIDES EDUCATIONAL ARTICLES AS WELL AS UPDATES AND UPCOMING EVENTS. TIME NEEDED TO CONSTRUCT THE NEWSLETTER FROM CONTENT GATHERING TO PRINTING IS ABOUT A MONTH.
OTHER PROGRAM SERVICE ACTIVITIES RELATED TO THE MISSION THE LISTENING POINT FOUNDATION
YARD INVASIVES PROJECT: THE YARD IS BEING RELANDSCAPED SINCE MANY PLANTS HISTORICALLY PLACED IN THE SPACE WERE INVASIVE.THE FRONT GARDENS WILL BE MORE FORMAL WHILE THE BACK WILL SERVE AS A PICNIC AREA. THE GARDENS ARE VISITED BY ABOUT 200 PEOPLE A YEAR.THERE ARE FOUR CONSTANT GARDEN VOLUNTEERS, AND THOSE SERVICE GROUPS OF KIDS FROM THE LOCAL CAMPS COME OUT TO ASSIST OCCASIONALLY. THE PRIMARY EXPENSE IS PLANTS AND SUPPLIES.
VIDEO. THE 2022 VIDEO OF LISTENING POINT WAS MADE IN COLLABORATION WITH MIKE FITZGERALD OF WOLVENWOOD STUDIO IN ELY MN.THE VIDEO EXPLAINS SIGURD OLSONS WRITING CAREER AND THE IMPORTANCE OF THE SPACE TO THE CONSERVATION HISTORY OF MINNESOTA.THE VIDEO IS PROMOTED THROUGH OUR WEBSITE AND SOCIAL MEDIA AND HAS HAD 1,600 VIEWS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steffi Huberty Executive Director | 20 | $24,960 | |
Freja Alioth Executive Director | Officer | 30 | $22,616 |
Allen Brew Treasurer | Trustee | 2 | $0 |
Patsy Mogush President | OfficerTrustee | 10 | $0 |
Annette Drewes Director | OfficerTrustee | 2 | $0 |
Cori Mattke Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $85,077 |
| Membership dues | $0 |
| Fundraising events | $5,507 |
| Related organizations | $0 |
| Government grants | $2,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $2,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $92,584 |
| Total Program Service Revenue | $3,920 |
| Investment income | $27,431 |
| 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 | $2,215 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $126,150 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,100 |
| Grants and other assistance to domestic individuals. | $1,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $47,577 |
| Compensation of current officers, directors, key employees. | $4,758 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,817 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,333 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,300 |
| Advertising and promotion | $2,125 |
| Office expenses | $18,237 |
| Information technology | $5,885 |
| Royalties | $0 |
| Occupancy | $18,357 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $720 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,941 |
| Insurance | $3,973 |
| All other expenses | $3,359 |
| Total functional expenses | $128,147 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,375 |
| 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 | $7,860 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $793,815 |
| Investments—publicly traded securities | $278,597 |
| Investments—other securities | $207,645 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,340,292 |
| Accounts payable and accrued expenses | $1,988 |
| 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 | $1,988 |
| Net assets without donor restrictions | $343,901 |
| Net assets with donor restrictions | $994,403 |
| 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 | $1,340,292 |