Duluth Superior Area Community Foundation Inc
- Assets
- $89.7m
- Revenue
- $8.1m
- Investments
- $0.0
- Employees
- 14
- Location
- Duluth, MN
- Founding
- 09/1982
- Data as of
- 12/2022
- EIN
- 41-1429402
Organization Overview
Duluth Superior Area Community Foundation Inc is located in Duluth, MN. The organization was established in 1982. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Duluth Superior Area Community Foundation Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Duluth Superior Area Community Foundation Inc 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 12/2022, Duluth Superior Area Community Foundation Inc generated $8.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $5.4m during the year ending 12/2022. While expenses have increased by 7.2% per year over the past 8 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 2015, Duluth Superior Area Community Foundation Inc has awarded 765 individual grants totaling $14,526,286. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE DULUTH SUPERIOR AREA COMMUNITY FOUNDATION PROMOTES PRIVATE GIVING FOR THE PUBLIC GOOD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2022, THE COMMUNITY FOUNDATION AWARDED $2,946,903 IN GRANTS AND $846,450 IN SCHOLARSHIPS. TOTAL GRANTS AWARDED (INCLUDING INTERFUND GRANTS) FOR ALL PROGRAM AREAS WAS $3,889,892 COMPRISED OF: 18% UNRESTRICTED FUNDS, 7% DESIGNATED, 18% FIELD OF INTEREST, 20% ORGANIZATIONAL ENDOWMENTS, 22% SCHOLARSHIPS AND 15% DONOR ADVISED. THE LARGEST PROGRAM AREA SUPPORTED WAS EDUCATION WITH 29% OF GRANT FUNDS, FOLLOWED BY, 23% HUMAN SERVICES, 22% IN SCHOLARSHIPS, 14% IN COMMUNITY ECONOMIC DEVELOPMENT, 6% IN ARTS, AND 6% IN ENVIRONMENT. IN 2022, THE COMMUNITY FOUNDATION AWARDED $716,673 SCHOLARSHIPS FROM ENDOWED FUNDS AND $129,777 FROM 8 TEMPORARY SCHOLARSHIP FUNDS THAT THE FOUNDATION PROVIDES SCHOLARSHIP SERVICES. IN ADDITION, THE FOUNDATION PROVIDED ADMINISTRATIVE SERVICES FOR TWO AFFILIATED SCHOLARSHIPS TOTALING $271,000 WHERE ALL OF THE FUNDS ARE HELD BY A LOCAL BANK.
IN 2022, DSACF COLLABORATED WITH MANY PARTNERS TO RESPOND TO COMMUNITY NEEDS THAT CONTINUED TO BE EXACERBATED THROUGH THE COVID PANDEMIC AND FINANCIAL CRISIS. DSACF PARTNERED WITH NATIONAL AND LOCAL ORGANIZATIONS TO INCREASE FAMILIES' ACCESS TO THE EXPANDED CHILD TAX CREDIT. OVER $2,486,000 IN FEDERAL TAX REFUNDS WERE GENERATED THROUGHOUT THE REGION FOR OVER 1,800 HOUSEHOLDS, AS A RESULT. DSACF ALSO INVESTED IN CLOSING DISPARITIES IN MENTAL WELLBEING IN DOUGLAS COUNTY. FUNDING WAS PROVIDED TO TRAIN VITAL COMMUNITY CONNECTORS IN SUICIDE PREVENTION AND BEGIN FIRST STEPS FOR A WELLNESS CENTER. THE PANDEMIC HAS ALSO BEEN A CHALLENGE FOR DULUTH'S DOWNTOWN. GRANTS TO BEGIN DOWNTOWN REVITALIZATION WERE MADE TO ENGAGE NATIONAL EXPERTS AND DEEPEN COLLABORATIONS WITH KEY PARTNERS. DSACF CONTINUED TO FACILITATE READY NORTH, A NETWORK OF LOCAL ORGANIZATIONS BUILDING EQUITABLE DISASTER RESILIENCE. GRANT AND SCHOLARSHIP FUNDING CONTINUED TO SUPPORT THE OPPORTUNITY RISING INITIATIVE. THE PURPOSE OF OPPORTUNITY RISING IS TO BRING TOGETHER PEOPLE FROM ALL BACKGROUNDS, INCOMES, ETHNICITIES, BELIEFS AND NEIGHBORHOODS TO FORGE A PATH TO REAL AND MEANINGFUL EQUITABLE OPPORTUNITIES FOR EVERY CHILD IN DULUTH AND SUPERIOR. THIS PROGRAMMING IS IN ADDITION TO DSACF'S ON-GOING GRANT AND SCHOLARSHIP ACTIVITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joscelyn Skandel Chair | OfficerTrustee | 1 | $0 |
Koresh Lakhan Vice Chair | OfficerTrustee | 1 | $0 |
David Montgomery Treasurer | OfficerTrustee | 1 | $0 |
Brenda Brannan Interim Treasurer | OfficerTrustee | 1 | $0 |
Kerstyn Hendricks Secretary | OfficerTrustee | 1 | $0 |
Daniel Lew Secretary (termed 1/22) | OfficerTrustee | 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 | $4,606,817 |
| Noncash contributions included in lines 1a–1f | $7,772 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,606,817 |
| Total Program Service Revenue | $0 |
| Investment income | $1,936,173 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,586,326 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,134,379 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,946,903 |
| Grants and other assistance to domestic individuals. | $846,450 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $284,466 |
| Compensation of current officers, directors, key employees. | $46,696 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $461,993 |
| Pension plan accruals and contributions | $33,228 |
| Other employee benefits | $72,192 |
| Payroll taxes | $56,421 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,300 |
| Fees for services: Accounting | $23,475 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $134,630 |
| Fees for services: Other | $221,643 |
| Advertising and promotion | $4,399 |
| Office expenses | $11,846 |
| Information technology | $35,893 |
| Royalties | $0 |
| Occupancy | $37,631 |
| Travel | $1,294 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,203 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $43,573 |
| Insurance | $7,024 |
| All other expenses | $34,864 |
| Total functional expenses | $5,435,857 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $776,134 |
| Savings and temporary cash investments | $556,775 |
| Pledges and grants receivable | $68,150 |
| Accounts receivable, net | $0 |
| 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 | $223,569 |
| Investments—publicly traded securities | $87,043,360 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,028,312 |
| Total assets | $89,696,300 |
| Accounts payable and accrued expenses | $68,401 |
| Grants payable | $505,931 |
| 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 | $157,081 |
| Other liabilities | $5,269,587 |
| Total liabilities | $6,001,000 |
| Net assets without donor restrictions | $22,345,877 |
| Net assets with donor restrictions | $61,349,423 |
| 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 | $89,696,300 |
Grants Awarded
Over the last fiscal year, Duluth Superior Area Community Foundation Inc has awarded $2,580,367 in support to 98 organizations.
| Grant Recipient | Amount |
|---|---|
ABC OF NORTH SHORE COMMUNITY SCHOOL INC PURPOSE: NATURE TRAIL BRIDGE | $11,500 |
AMERICAN RED CROSS SERVING NORTHERN MINNESOTA PURPOSE: PROGRAM SUPPORT | $7,650 |
ARROWHEAD ECONOMIC OPPORTUNITY AGENCY PURPOSE: SHARE THE WARMTH | $9,681 |
ANIMAL ALLIES HUMANE SOCIETY PURPOSE: PROGRAM SUPPORT; PREVENTING PET OVERPOPULATION IN OUR COMMUNITY; EXPAND HUMANE EDUCATION REACH IN OUR COMMUNITY | $34,087 |
ASHLAND EDUCATION FUND INC PURPOSE: PROGRAM SUPPORT | $5,573 |
BAYFIELD COMMUNITY EDUCATION FOUNDATION INC PURPOSE: DESIGNATED DISTRIBUTION | $14,422 |