Minnesota Council On Foundations
- Assets
- $3.1m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 11
- Location
- Minneapolis, MN
- Founding
- 02/1978
- Data as of
- 12/2023
- 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 12/2023, Minnesota Council On Foundations employed 11 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 12/2023, Minnesota Council On Foundations generated $3.0m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $1.8m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.5%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Minnesota Council On Foundations has awarded 74 individual grants totaling $6,888,600. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
CONNECTING, STRENGTHENING & MOBILIZING THE POWER OF PHILANTHROPY TO ADVANCE PROSPERITY & EQUITY
Describe the Organization's Program Activity:
SUPPORTING MINNESOTA COMMUNITIES: THE MINNESOTA COUNCIL ON FOUNDATIONS ENGAGED NONPROFIT ORGANIZATIONS AND COMMUNITIES OF COLOR TO STRENGTHEN THE PRACTICE OF PHILANTHROPY, BUILD RELATIONSHIPS BETWEEN PHILANTHROPY AND THE COMMUNITY, AND PROMOTE COMMUNITY ENGAGEMENT IN DEMOCRACY. THIS INCLUDED GRANT SUPPORT FOR ORGANIZATIONS ADVANCING RACIAL JUSTICE AND SUPPORTING DISASTER RELIEF IN MINNESOTA COMMUNITIES.
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 MCF NOTES, MCF GIVING MEMO, CEO CHATS, GIVING IN MINNESOTA REPORT, AND WORKING DIRECTLY WITH THE MEDIA AND THE INTERESTED PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jenny Johnson Board Chair | OfficerTrustee | 1 | $0 |
Marcus Pope Vice Chair | OfficerTrustee | 1 | $0 |
Flor Trevino Frey Secretary | OfficerTrustee | 1 | $0 |
Matt Stowell Treasurer | OfficerTrustee | 1 | $0 |
Olivia Jefferson Member | Trustee | 1 | $0 |
Ben Cameron Member (until May 2023) | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,129,875 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,624,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,753,875 |
| Total Program Service Revenue | $216,396 |
| Investment income | $11,653 |
| 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 | $2,992,673 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $60,000 |
| 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. | $188,514 |
| Compensation of current officers, directors, key employees. | $150,811 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $726,810 |
| Pension plan accruals and contributions | $41,385 |
| Other employee benefits | $43,417 |
| Payroll taxes | $63,525 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,515 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $176,049 |
| Advertising and promotion | $10,759 |
| Office expenses | $4,130 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $147,763 |
| Travel | $22,286 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $146,971 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $65,386 |
| Insurance | $7,491 |
| All other expenses | $7,340 |
| Total functional expenses | $1,799,884 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,035,160 |
| Savings and temporary cash investments | $1,391,156 |
| Pledges and grants receivable | $300,000 |
| Accounts receivable, net | $738 |
| 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 | $24,360 |
| Net Land, buildings, and equipment | $149,080 |
| Investments—publicly traded securities | $100,829 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $79,514 |
| Total assets | $3,080,837 |
| Accounts payable and accrued expenses | $67,011 |
| Grants payable | $0 |
| Deferred revenue | $40,190 |
| 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 | $145,967 |
| Total liabilities | $253,168 |
| Net assets without donor restrictions | $1,044,797 |
| Net assets with donor restrictions | $1,782,872 |
| 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 | $3,080,837 |
Grants Awarded
Over the last fiscal year, Minnesota Council On Foundations has awarded $60,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
YMCA OF THE NORTH PURPOSE: Ecuadorian Refugees Resettlement Efforts | $20,000 |
MN VOLUNTARY ORGANIZATIONS ACTIVE IN DISASTER (MN VOAD) PURPOSE: To support MN VOAD with disaster reponse needs across MN | $20,000 |
VOICES FOR RACIAL JUSTICE PURPOSE: Building organizatinal capacity around Cenus, democracy, & civic engagement work. Part of MN Census & Democracy Partnership initiative. | $20,000 |