Traverse Foundation
- Assets
- $1.5m
- Revenue
- $415.0k
- Investments
- $1.4m
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 02/1993
- Data as of
- 12/2022
- EIN
- 41-1734297
Organization Overview
Traverse Foundation is located in Minneapolis, MN. The organization was established in 1993. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, 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. Traverse 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 12/2022, Traverse Foundation generated $415.0k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 15.3% each year . All expenses for the organization totaled $190.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Traverse Foundation has awarded 18 individual grants totaling $1,393,260. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Norman W Harris III Pres/tres/dir | 0.75 | $0 | |
Blake C Harris Director | 0.1 | $0 | |
Norman W Harris IV Director | 0.1 | $0 | |
Linda B Harris Sec'tary/dir | 0.1 | $0 | |
Leslie T Harris Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $183,489 |
| Interest on Savings | $0 |
| Dividends & Interest | $40,326 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $191,139 |
| Capital Gain Net Income | $191,139 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $414,954 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,109 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $11,871 |
| Contributions, gifts, grants paid | $178,760 |
| Total expenses and disbursements | $190,631 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $92,675 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| 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 | $1,359,495 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,452,170 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Traverse Foundation has awarded $598,760 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
LITTLE TRAVERSE CONSERVANCY PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
BHUTAN FOUNDATION PURPOSE: SPECIAL NEEDS PROGRAM INITIATION | $2,500 |
THE NATURE CONSERVANCY MN CHAPTER PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
LUCILLE PACKARD FOUNDATION PURPOSE: SURGERY ANXIETY REDUCTION | $150,000 |
MONTEREY BAY AQUARIUM PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
ECUMENICAL HUNGER PROGRAM PURPOSE: GENERAL OPERATING SUPPORT | $1,260 |