Minnesota Odd Fellows Home Foundation
- Assets
- $5.2m
- Revenue
- $614.0k
- Investments
- $87.3k
- Employees
- 2
- Location
- Northfield, MN
- Founding
- 11/1982
- Data as of
- 12/2021
- EIN
- 41-1431455
Organization Overview
Minnesota Odd Fellows Home Foundation is located in Northfield, MN. The organization was established in 1982. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. As of 12/2021, Minnesota Odd Fellows Home Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota Odd Fellows Home 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, Minnesota Odd Fellows Home Foundation generated $614.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $479.2k during the year ending 12/2021. While expenses have increased by 7.5% 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
PROVIDE SUPPORT & BENEFITS TO MINNESOTA ODD FELLOWS HOME & AFFILIATES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVISION OF SUPPORT AND BENEFITS TO MINNESOTA ODD FELLOWS HOME, A 501(C)(3) ORGANIZATION, AND ITS TAX EXEMPT AFFILIATES IN ORDER TO ASSIST THEM IN PROVIDING HOUSING AND CARE FOR THE ELDERLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Kennelly Chair | OfficerTrustee | 0.5 | $0 |
Stanley Whitney Vice Chair | OfficerTrustee | 1 | $0 |
Don Pavek Secretary | OfficerTrustee | 0.5 | $0 |
Mark Anderson CEO - Mn Odd Fellows | Officer | 1 | $0 |
Jay Pizinger CFO - Mn Odd Fellows | Officer | 1 | $0 |
Robert Arthur Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,000 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $131,224 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $133,224 |
| Total Program Service Revenue | $0 |
| Investment income | $49,818 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $430,913 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $613,955 |
| 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 | $150,215 |
| Pension plan accruals and contributions | $8,096 |
| Other employee benefits | $73,000 |
| Payroll taxes | $11,418 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $89,981 |
| Fees for services: Accounting | $51 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $25,203 |
| Fees for services: Other | $26,334 |
| Advertising and promotion | $0 |
| Office expenses | $375 |
| 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 | $6,003 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $479,227 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63,352 |
| Savings and temporary cash investments | $666,261 |
| Pledges and grants receivable | $0 |
| 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 | $1,296 |
| Net Land, buildings, and equipment | $15,795 |
| Investments—publicly traded securities | $2,519,572 |
| Investments—other securities | $87,342 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,872,716 |
| Total assets | $5,226,334 |
| Accounts payable and accrued expenses | $0 |
| 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 | $25,877 |
| Total liabilities | $25,877 |
| Net assets without donor restrictions | $3,338,110 |
| Net assets with donor restrictions | $1,862,347 |
| 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 | $5,226,334 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Minnesota Odd Fellows Home Foundation has recieved totaling $8,500.
| Awarding Organization | Amount |
|---|---|
Justgive Inc Weston, CT PURPOSE: General Support | $8,500 |
Endowment Analysis
| Beg. Balance | $1,724,028 |
| Earnings | $138,319 |
| Ending Balance | $1,862,347 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Childserve Foundation Inc Johnston, IA | $15,317,194 | $6,918,113 |
Presbyterian Homes Foundation Roseville, MN | $93,078,808 | $19,725,550 |
Iowa Community Action Association Des Moines, IA | $753,837 | $3,823,427 |
Eastern Congo Initiative Minneapolis, MN | $7,833,187 | $4,435,607 |
Re Power Fund Minneapolis, MN | $5,415,294 | $4,322,617 |
American Warrior Initiative Inc Madison, WI | $3,298,583 | $1,806,705 |
The World Orphan Fund Inc Randolph, WI | $777,063 | $1,129,281 |
Sunshine Place Inc Sun Prairie, WI | $2,711,848 | $1,376,571 |
Sheltering Arms Foundation Minneapolis, MN | $14,379,135 | $578,208 |
Big T Foundation Lakeville, MN | $11,785 | $483,542 |
Sioux Falls Hope Coalition Sioux Falls, SD | $1,074,906 | $918,262 |
Foundation For Essential Needs Minneapolis, MN | $452,815 | $582,063 |