Mary T And James J Hill Library Foundation
- Assets
- $15.1m
- Revenue
- -$112.8k
- Investments
- $13.5m
- Employees
- 2
- Location
- St Paul, MN
- Founding
- 03/1923
- Data as of
- 12/2022
- EIN
- 41-0693988
Organization Overview
Mary T And James J Hill Library Foundation, operating under the name James J Hill Center, is located in St Paul, MN. The organization was established in 1923. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 12/2022, James J Hill Center employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. James J Hill Center is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2019, James J Hill Center has awarded 16 individual grants totaling $2,263,000. 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 Mission:
Part 3 - Line 1
THE MTJJHLF IS A GRANTMAKING FOUNDATION, INSPIRED BY THE SPIRIT OF ITS FOUNDERS, WHOSE CHARITABLE PURPOSE IS TO SPUR ENTREPRENEURSHIP AND SUPPORT NEW AMERICAN ENTREPRENEURS IN SAINT PAUL, MN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MTJJHLF CONTINUED TO SUPPORT AND EMPOWER THE ENTREPRENEURSHIP INSPIRED BY ITS NAMESAKE AND FOUNDERS BY MAKING GRANTS TO CHARITABLE ORGANIZATIONS TO SPUR ENTREPRENEURSHIP IN SAINT PAUL, MN. IN 2021, THE MARY T AND JAMES J HILL LIBRARY FOUNDATION MADE GIFTS TO SUPPORT ENTREPRENEURSHIP AND SCHOLARSHIPS FOR 1ST AND 2ND GENERATION NEW AMERICANS WITH GIFTS TO LUNAR STARTUPS, MN CUP, THE IMPACT HUBMN, ST. CATHERINE UNIVERSITY AND SAINT PAUL COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Moran Board Chair | 0 | $0 | |
Tamara Prato Acting Exec | 0 | $48,000 | |
Barry Gisser Vice Chair/t | 0 | $0 | |
Sylvia Strobel Secretary | 0 | $0 | |
Elizabeth Lilly Member | 0 | $0 | |
Kim Egan Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $639 |
| Dividends & Interest | $301,565 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$821,303 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $406,257 |
| Total Revenue | -$112,842 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $48,000 |
| Other employee salaries and wages | $12,000 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $43,792 |
| Total operating and administrative expenses | $197,156 |
| Contributions, gifts, grants paid | $617,000 |
| Total expenses and disbursements | $814,156 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $164,131 |
| Savings and temporary cash investments | $1,390,279 |
| 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 | $4,486 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $738,674 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $15,070,405 |
| Accounts payable and accrued expenses | $50,000 |
| Grants payable | $0 |
| 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 | $50,000 |
Grants Awarded
Over the last fiscal year, Mary T And James J Hill Library Foundation has awarded $617,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
IMPACT HUB MINNESOTA PURPOSE: GENERAL SUPPORT | $150,000 |
LUNAR ACCELERATOR PROGRAM PURPOSE: GENERAL SUPPORT | $200,000 |
ST CATHERINE UNIVERSITY PURPOSE: SCHOLARSHIPS | $117,000 |
FRIENDS OF ST PAUL COLLEGE FDN PURPOSE: PERMANENT SCHOLARSHIPS | $100,000 |
MARKET ENTRY FUND PURPOSE: GENERAL SUPPORT | $50,000 |