Economics Laboratory Foundation Ecolab Foundation
- Assets
- $11.7m
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 0
- Location
- St Paul, MN
- Founding
- 09/1980
- Data as of
- 12/2021
- EIN
- 41-1372157
Organization Overview
Economics Laboratory Foundation Ecolab Foundation is located in St Paul, MN. The organization was established in 1980. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Economics Laboratory Foundation Ecolab Foundation 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, Economics Laboratory Foundation Ecolab Foundation generated $4.5m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 46.8% each year . All expenses for the organization totaled $8.3m during the year ending 12/2021. While expenses have increased by 0.6% per year over the past 5 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 2020, Economics Laboratory Foundation Ecolab Foundation has awarded 63 individual grants totaling $9,571,600. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christophe Beck Director | 1 | $0 | |
David F Duvick Secretary | 1 | $0 | |
Muhammed Lasege Treasurer | 1 | $0 | |
Michael J Monahan President And Director | 1 | $0 | |
Kris J Taylor VP And Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,453,395 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,453,395 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $453,395 |
| Total operating and administrative expenses | $453,395 |
| Contributions, gifts, grants paid | $7,846,476 |
| Total expenses and disbursements | $8,299,871 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $11,735,972 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $11,735,972 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $2,732,000 |
| 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 | $2,732,000 |
Grants Awarded
Over the last fiscal year, Economics Laboratory Foundation Ecolab Foundation has awarded $9,571,600 in support to 63 organizations.
| Grant Recipient | Amount |
|---|---|
BLACKBAUD PURPOSE: COMMUNITY RELATIONS | $2,302,035 |
YOURCAUSE PURPOSE: COMMUNITY RELATIONS | $1,350,000 |
BLACKBAUD PURPOSE: COMMUNITY RELATIONS | $756,200 |
Minneapolis, MN PURPOSE: COMMUNITY RELATIONS | $643,333 |
Minneapolis, MN PURPOSE: COMMUNITY RELATIONS | $350,000 |
YOURCAUSE PURPOSE: COMMUNITY RELATIONS | $345,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Union Of Operating Engineers Minneapolis, MN | $24,562,358 | $20,752,936 |
Minnesota Teamsters Construction Division Fringe Benefit Funds Mendota Heights, MN | $30,866,404 | $23,683,343 |
Minnesota Nurses Association St Paul, MN | $18,618,225 | $17,502,340 |
National Pork Producers Council Des Moines, IA | $42,247,883 | $19,050,439 |
Carpenters And Joiners Apprenticeship And Journeymen St Paul, MN | $20,144,324 | $15,253,021 |
International Union Of Operating Engineers 139 Pewaukee, WI | $24,439,793 | $14,629,454 |
Service Employees International Union St Paul, MN | $3,226,378 | $12,392,421 |
Wisconsin Fox River Valley Sheet Metal Workers Welfare Trust Waukesha, WI | $17,147,311 | $12,962,825 |
Pipe Trades Health Care Services Inc White Bear Lake, MN | $1,989,770 | $11,324,397 |
International Brotherhood Of Teamsters Blaine, MN | $9,219,386 | $11,430,169 |
Laborers International Union Of North America Minneapolis, MN | $22,106,073 | $10,887,732 |
Mra-The Management Association Inc Waukesha, WI | $15,359,430 | $10,314,261 |