Prospect Creek Foundation is located in Wayzata, 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. Prospect Creek Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2020, Prospect Creek Foundation has awarded 139 individual grants totaling $4,655,015. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
NONE
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Martha Clark Atwater Director | 0 | $0 | |
H B Atwater Jr Director | 0 | $0 | |
Elizabeth Atwater Connolly Director | 0 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $0 |
Dividends & Interest | $117,960 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $1,668,060 |
Capital Gain Net Income | $1,668,060 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $180,750 |
Total Revenue | $1,966,770 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $0 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $108,746 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $2,265 |
Total operating and administrative expenses | $137,435 |
Contributions, gifts, grants paid | $1,863,250 |
Total expenses and disbursements | $2,000,685 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $167,077 |
Savings and temporary cash investments | $14,412 |
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 | $14,054,227 |
Net Land, buildings, and equipment | $0 |
Other assets | $797 |
Total assets | $32,555,827 |
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 |
Over the last fiscal year, Prospect Creek Foundation has awarded $1,863,250 in support to 59 organizations.
Grant Recipient | Amount |
---|---|
UCSF FOUNDATION PURPOSE: BREAST ONCOLOGY PROGRAM | $900,000 |
Minneapolis, MN PURPOSE: OPERATIONAL | $380,000 |
Minneapolis, MN PURPOSE: OPERATIONAL | $161,250 |
Washington, DC PURPOSE: OPERATIONAL | $100,000 |
GIFFORDS LAW CENTER PURPOSE: OPERATIONAL | $50,000 |
PRINCETON UNIVERSITY PURPOSE: OPERATIONAL | $46,000 |
Organization Name | Assets | Revenue |
---|---|---|
Charles K Blandin Foundation Grand Rapids, MN | $0 | $24,073,238 |
Reiman Foundation Inc Pewaukee, WI | $64,480,239 | $12,529,672 |
American Family Insurance Dreams Foundation Inc Madison, WI | $10,733,127 | $6,580,229 |
Joseph And Vera Zilber Charitable Foundation Inc Milwaukee, WI | $301,880,639 | $24,555,392 |
Argosy Foundation Milwaukee, WI | $36,932,110 | $41,277,914 |
Cargill Foundation Minneapolis, MN | $286,172,868 | $105,535,102 |
Schoeneckers Foundation Minneapolis, MN | $145,295,949 | $7,540,866 |
The Curtis L Carlson Family Foundation Minnetonka, MN | $300,826,673 | $21,132,663 |
Principal Financial Group Foundation Inc Des Moines, IA | $217,742,870 | $19,396,180 |
Herbert H Kohl Charities Inc Milwaukee, WI | $19,332,679 | $4,430,173 |
Andreas Foundation Mankato, MN | $70,794,995 | $28,410,107 |
Frechette Family Foundation Minneapolis, MN | $167,055,978 | $9,430,765 |