Minnesota Council On Foundations
- Assets
- $1.7m
- Revenue
- $7.2m
- Investments
- $0.0
- Employees
- 12
- Location
- Minneapolis, MN
- Founding
- 02/1978
- Data as of
- 12/2021
- EIN
- 41-1269275
Organization Overview
Minnesota Council On Foundations is located in Minneapolis, MN. The organization was established in 1978. According to its NTEE Classification (S50) the organization is classified as: Nonprofit Management, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Minnesota Council On Foundations employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota Council On Foundations 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, Minnesota Council On Foundations generated $7.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $7.0m during the year ending 12/2021. While expenses have increased by 15.9% per year over the past 7 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 2021, Minnesota Council On Foundations has awarded 43 individual grants totaling $5,137,600. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
MCF IS A VIBRANT PHILANTHROPIC COMMUNITY COLLECTIVELY ADVANCING PROSPERITY AND EQUITY.
Describe the Organization's Program Activity:
SUPPORTING MINNESOTA COMMUNITIES: MCF ENGAGED BLACK AND INDIGENOUS COMMUNITIES, AND OTHER COMMUNITIES OF COLOR AND COMMUNITIES OF INTEREST, TO SUPPORT DEMOCRACY STRENGTHENING EFFORTS, INCLUDING MAPPING AND BRING TRADITIONALLY UNDER-REPRESENTED COMMUNITIES INTO THE REDISTRICTING PROCESS. MCF RAISED PHILANTHROPIC RESOURCES TO ADDRESS PRESSING COMMUNITY NEEDS IN MINNESOTA, INCLUDING: VACCINE OUTREACH TO DIVERSE COMMUNITIES; SUPPORTING PEOPLE ARRIVING FROM AFGHANISTAN; AND PROVIDING INTEGRATED CAPITAL FOR RECOVERY PROGRAMS FOR AREAS HARD-HIT BY COVID AND COMMUNITY UNREST.
MEMBERSHIP SERVICES:MCF CONDUCTS A WIDE RANGE OF TRAINING AND PROFESSIONAL DEVELOPMENT OPPORTUNITIES FOR GRANTMAKERS, AND CREATES OPPORTUNITIES FOR PEER NETWORKING AND LEARNING WITHIN THE FIELD. PROGRAMS INCLUDE: GRANTMAKING SKILLS; BRIEFINGS ON CURRENT EVENTS AND ISSUES; FOUNDATION TYPE AND ISSUE BASED PEER NETWORKS; AND TRENDS IN THE NONPROFIT AND PHILANTHROPIC SECTORS. MCF PROVIDES PROGRAMMING AND PEER LEARNING OPPORTUNITIES IN A RANGE OF ISSUES RELATED TO DIVERSITY, EQUITY AND INCLUSION. MCF'S GOVERNMENT RELATIONS AND PUBLIC POLICY PROGRAM PROVIDES EDUCATION, TRAINING AND PEER NETWORKS TO ITS MEMBERS, ENCOURAGING THE INCORPORATION OF PUBLIC POLICY AND ADVOCACY INTO GRANTMAKING, IN ADHERENCE WITH PROFESSIONAL AND LEGAL PRACTICES. MCF RESPONDS TO PUBLIC POLICY ISSUES RELATED TO THE FIELD OF PHILANTHROPY, AND ADVANCES PUBLIC POLICY ISSUES RELATED TO STRENGTHENING DEMOCRACY.
PUBLIC AWARENESS:MCF EDUCATES THE PUBLIC, NONPROFIT ORGANIZATIONS, THE MEDIA, GOVERNMENT AND ELECTED OFFICIALS ABOUT PHILANTHROPY, TRENDS IN THE FIELD, AND THE GRANTMAKING PROCESS. THIS OCCURS THROUGH THE PUBLICATION OF A FREE GIVING FORUM MAGAZINE, MCF NOTES, AND THE MCF GIVING MEMO, THE EVENT SERIES "CEO CHATS AND WORKING DIRECTLY WITH THE MEDIA AND PUBLIC STAKEHOLDERS.
RESEARCH AND COMMUNICATION- NATIONAL PARTNERSHIPS THAT LEVERAGE DATA FOR USE AND APPLICATION BY MCF'S MEMBERS.- MCF GIVING IN MINNESOTA REPORT PROVIDES DATA ON PHILANTHROPIC ACTIVITY AND GRANTMAKING IN MINNESOTA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Brown President | Officer | 37.5 | $153,022 |
Aretha Green-Rupert Board Chair | OfficerTrustee | 1 | $0 |
Matt Stowell Treasurer | OfficerTrustee | 1 | $0 |
Erik Torch Secretary | OfficerTrustee | 1 | $0 |
Katherine Friesz Vice Chair | OfficerTrustee | 1 | $0 |
Kim Borton Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,139,877 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $194,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,786,737 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,121,114 |
| Total Program Service Revenue | $107,422 |
| Investment income | $2,681 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,242,767 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,137,600 |
| 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. | $171,644 |
| Compensation of current officers, directors, key employees. | $137,315 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $720,232 |
| Pension plan accruals and contributions | $42,304 |
| Other employee benefits | $35,154 |
| Payroll taxes | $71,137 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $489,581 |
| Advertising and promotion | $9,543 |
| Office expenses | $662 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $134,080 |
| Travel | $72 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,475 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $59,673 |
| Insurance | $6,019 |
| All other expenses | $4,001 |
| Total functional expenses | $6,960,628 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $236,374 |
| Savings and temporary cash investments | $1,132,241 |
| Pledges and grants receivable | $15,000 |
| Accounts receivable, net | $3,563 |
| 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 | $36,869 |
| Net Land, buildings, and equipment | $164,579 |
| Investments—publicly traded securities | $109,614 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,698,240 |
| Accounts payable and accrued expenses | $49,059 |
| Grants payable | $0 |
| Deferred revenue | $22,700 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $5,705 |
| 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 | $142,101 |
| Total liabilities | $219,565 |
| Net assets without donor restrictions | $1,093,998 |
| Net assets with donor restrictions | $384,677 |
| 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 | $1,698,240 |
Grants Awarded
Over the last fiscal year, Minnesota Council On Foundations has awarded $5,137,600 in support to 43 organizations.
| Grant Recipient | Amount |
|---|---|
Minneapolis, MN PURPOSE: Afghan Refugee Project | $1,385,600 |
Minneapolis, MN PURPOSE: COVID Grant | $409,000 |
Minneapolis, MN PURPOSE: Integrated Capital Recovery Project | $404,000 |
Minneapolis, MN PURPOSE: COVID Grant | $300,000 |
Bemidji, MN PURPOSE: Integrated Capital Recovery Project | $166,000 |
Saint Paul, MN PURPOSE: Integrated Capital Recovery Project | $166,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Minnesota Council On Foundations has recieved totaling $4,500.
| Awarding Organization | Amount |
|---|---|
Stevens Square Foundation Minneapolis, MN PURPOSE: MEMBERSHIP 2022 | $3,500 |
John Mondati Foundation Minneapolis, MN PURPOSE: ANNUAL MEMBERSHIP (MCF IS A 501(C)(3) ORGANIZATION) | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Minnesota Council On Foundations Minneapolis, MN | $1,698,240 | $7,242,767 |
Ruminco Ltd Minneapolis, MN | $62,223,712 | $7,052,376 |
Search Institute Minneapolis, MN | $10,519,414 | $10,517,632 |
Community Of Peace Building Company St Paul, MN | $17,498,169 | $1,436,316 |
Kinship Foundation Madison, WI | $510,519 | $697,956 |
Mcm Holdings St Paul, MN | $21,271,227 | $556,348 |
Tfi Foundation Inc Monona, WI | $5,709,720 | $2,349,042 |
Unseen Fargo, ND | $1,248,265 | $1,282,602 |
Community Resource Connection Inc Bemidji, MN | $204,055 | $400,633 |
District 742 Local Education & Activities Foundation St Cloud, MN | $2,185,726 | $356,575 |
Wls Building Company Chaska, MN | $2,375,895 | $318,166 |
Meliora Partners Inc Montour, IA | $205,427 | $385,584 |