Mary T And James J Hill Library Foundation
- Assets
- $19.9m
- Revenue
- $1.3m
- Investments
- $2.2m
- Employees
- 2
- Location
- St Paul, MN
- Founding
- 03/1923
- Data as of
- 12/2021
- 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 12/2021, 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.
For the year ending 12/2021, James J Hill Center generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $772.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, James J Hill Center has awarded 11 individual grants totaling $1,646,000. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
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 |
|---|---|---|---|
Tamara Prato Acting Exec | Officer | 10 | $56,000 |
Barry Gisser Exec Comm Fi | OfficerTrustee | 0.25 | $0 |
Patrick Moran Board Chair | OfficerTrustee | 0.5 | $0 |
Sylvia Strobel Exec Comm Se | OfficerTrustee | 0.25 | $0 |
Larry Bakken Member | Trustee | 0.1 | $0 |
Kim Egan Member | Trustee | 0.25 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $306,283 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,013,606 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,320,140 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $546,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $56,000 |
| Compensation of current officers, directors, key employees. | $56,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,260 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,989 |
| Payroll taxes | $4,219 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,793 |
| Fees for services: Accounting | $34,908 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $64,933 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $437 |
| Information technology | $10,503 |
| Royalties | $0 |
| Occupancy | $16,941 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,949 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,938 |
| All other expenses | $0 |
| Total functional expenses | $772,227 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $99,428 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $4,397 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $17,567,158 |
| Investments—other securities | $2,187,090 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $19,858,073 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $19,218,345 |
| Net assets with donor restrictions | $639,728 |
| 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 | $19,858,073 |
Grants Awarded
Over the last fiscal year, Mary T And James J Hill Library Foundation has awarded $546,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
St Paul, MN PURPOSE: SCHOLARSHIP NON-ENDO | $150,000 |
St Paul, MN PURPOSE: LUNAR ACCELERATOR | $150,000 |
Minneapolis, MN PURPOSE: GENERAL OPERATING | $120,000 |
Saint Paul, MN PURPOSE: SCHOLARSHIP GRANT | $50,000 |
St Paul, MN PURPOSE: SMALL BUS ASSIST FD | $50,000 |
St Paul, MN PURPOSE: SCHOLARSHIP GAP FUND | $16,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Mary T And James J Hill Library Foundation has recieved totaling $32,176.
| Awarding Organization | Amount |
|---|---|
Minnesota Historical Society Saint Paul, MN PURPOSE: Legacy grants for elevator repair at the James J. Hill Library and for a historic structures report. | $23,176 |
The Richard M Schulze Family Foundation Minneapolis, MN PURPOSE: EDUCATION | $7,500 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $1,500 |
Endowment Analysis
| Beg. Balance | $639,728 |
| Earnings | $83,169 |
| Other Expense | $83,196 |
| Ending Balance | $639,728 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tenant Resource Center Inc Madison, WI | $4,020,377 | $17,889,286 |
Arrowhead Library System Mountain Iron, MN | $7,916,564 | $3,392,560 |
Little Free Library Ltd St Paul, MN | $2,366,645 | $3,222,101 |
The Charlemagne Institute Bloomington, MN | $4,134,253 | $802,178 |
Traverse Des Sioux Library System Mankato, MN | $2,660,505 | $1,793,930 |
Hoover Presidential Foundation West Branch, IA | $16,155,016 | $4,574,597 |
Mary T And James J Hill Library Foundation St Paul, MN | $19,858,073 | $1,320,140 |
Casa Alba Melanie Hispanic Community Resource Center Of Green Green Bay, WI | $2,058,613 | $776,990 |
Iowa City Public Library Friends Foundation Iowa City, IA | $2,098,660 | $390,519 |
Maquoketa Library Corporation Maquoketa, IA | $2,024,711 | -$199,263 |
Duluth Library Foundation Duluth, MN | $1,948,980 | $685,085 |
Action Resource Center Stanley, ND | $94,885 | $266,773 |