Economics Laboratory Foundation Ecolab Foundation
- Assets
- $25.6m
- Revenue
- $21.5m
- Investments
- $0.0
- Employees
- 0
- Location
- St Paul, MN
- Founding
- 09/1980
- Data as of
- 12/2023
- 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 12/2023, Economics Laboratory Foundation Ecolab Foundation generated $21.5m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $8.0m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (8.2%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Economics Laboratory Foundation Ecolab Foundation has awarded 73 individual grants totaling $24,951,997. 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 | |
Catherine Loh Treasurer | 1 | $0 | |
Kris J Taylor President And Director | 1 | $0 | |
Lisa Maloney-Vinz Vice President And Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $21,545,775 |
| 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 | $21,545,775 |
| 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 | $763,410 |
| Total operating and administrative expenses | $763,410 |
| Contributions, gifts, grants paid | $7,270,695 |
| Total expenses and disbursements | $8,034,105 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $25,557,359 |
| 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 | $25,557,359 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $1,236,713 |
| 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 | $1,236,713 |
Grants Awarded
Over the last fiscal year, Economics Laboratory Foundation Ecolab Foundation has awarded $8,086,978 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
BLACKBAUD GIVING FUND PURPOSE: GENERAL SUPPORT | $6,776,645 |
UNIVERSITY OF MINNESOTA FOUNDATION PURPOSE: GENERAL SUPPORT | $393,333 |
RIVERVIEW WEST SCHOOL OF EXCELLENCE PURPOSE: GENERAL SUPPORT | $5,000 |
WORLD EMERGENCY RELIEF PURPOSE: GENERAL SUPPORT | $300,000 |
HUMBOLDT HIGH SCHOOL PURPOSE: GENERAL SUPPORT | $5,000 |
THE ARTS PARTNERSHIP PURPOSE: GENERAL SUPPORT | $200,000 |