Minnesota Foundation For Fiscal Excellence
- Assets
- $657.9k
- Revenue
- $67.4k
- Investments
- $0.0
- Employees
- 0
- Location
- St Paul, MN
- Founding
- 10/1982
- Data as of
- 12/2021
- EIN
- 41-1426868
Organization Overview
Minnesota Foundation For Fiscal Excellence is located in St Paul, MN. The organization was established in 1982. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota Foundation For Fiscal Excellence 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 Foundation For Fiscal Excellence generated $67.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $70.0k during the year ending 12/2021. While expenses have increased by 16.3% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE OBJECTIVE RESEARCH AND ANALYSIS ON STATE AND LOCAL TAX AND SPENDING ISSUES IN SUPPORT OF EFFECTIVE, EFFICIENT, AND ACCOUNTABLE GOVERNMENT. THIS ORGANIZATION IS A SUPPORTING ORGANIZATION OF THE MINNESOTA CENTER FOR FISCAL EXCELLENCE, A TAX-EXEMPT CORPORATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION WORKED FOR SOUND FISCAL POLICIES, ESTABLISHED MORE EFFICIENT GOVERNMENTAL POLICIES AND PRACTICES, AND CONTRIBUTED INFORMATION TO THE CITIZENS AND TAXPAYERS OF THE STATE OF MINNESOTA ON THE AFFAIRS OF THEIR GOVERNMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Haveman Executive Director | OfficerTrustee | 2 | $0 |
Gerald Morris Vice President | OfficerTrustee | 1 | $0 |
Thomas Gottwalt Treasurer | OfficerTrustee | 1 | $0 |
Sarah Gette President | OfficerTrustee | 1 | $0 |
Dan Peterson Director | Trustee | 1 | $0 |
Sandy Navin Director | Trustee | 1 | $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 | $59,519 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $59,519 |
| Total Program Service Revenue | $0 |
| Investment income | $7,862 |
| 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 | $67,381 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $69,933 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $26 |
| Total functional expenses | $69,959 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,510 |
| Savings and temporary cash investments | $70,192 |
| Pledges and grants receivable | $500 |
| Accounts receivable, net | $2,109 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $580,635 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $657,946 |
| Accounts payable and accrued expenses | $10,805 |
| 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 | $10,805 |
| Net assets without donor restrictions | $66,506 |
| Net assets with donor restrictions | $580,635 |
| 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 | $657,946 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Minnesota Foundation For Fiscal Excellence has recieved totaling $35,000.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $35,000 |
Endowment Analysis
| Beg. Balance | $486,480 |
| Earnings | $88,655 |
| Net Contributions | $5,500 |
| Ending Balance | $580,635 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Propel Nonprofits Minneapolis, MN | $49,559,623 | $14,478,230 |
West Bend Community Foundation Inc Milwaukee, WI | $79,149,428 | $10,575,689 |
Friends Of Penfield Childrens Center Inc Milwaukee, WI | $8,290,252 | $2,579,522 |
Grhs-Fmch Community Health Foundation Fort Madison, IA | $2,014,247 | $542,738 |
Shepherds Foundation Inc Union Grove, WI | $3,010,334 | $2,177,112 |
Museum Center Park Inc Milwaukee, WI | $14,365,502 | $755,411 |
Stride Academy Building Company St Cloud, MN | $14,195,739 | $1,437,318 |
Father John P Raynor Charitable Tr Milwaukee, WI | $13,958,232 | $1,914,819 |
Sister Irmgard Delfing Charitable Tr Milwaukee, WI | $14,474,074 | $2,003,640 |
Daggett Charitable Tr Montello, WI | $167,070 | $14,528 |
Boldt Family Fund Inc Appleton, WI | $2,805,458 | $762,707 |
Wild Sheep Legacy Foundation Forest Lake, MN | $11,469,458 | $1,459,597 |