Minnesota Waste Wise Foundation
- Assets
- $2.4m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 21
- Location
- St Paul, MN
- Founding
- 08/1996
- Data as of
- 09/2022
- EIN
- 41-1834630
Organization Overview
Minnesota Waste Wise Foundation is located in St Paul, MN. The organization was established in 1996. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 09/2022, Minnesota Waste Wise Foundation employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota Waste Wise 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 09/2022, Minnesota Waste Wise Foundation generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.9% each year . All expenses for the organization totaled $2.4m during the year ending 09/2022. While expenses have increased by 14.5% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
MINNESOTA WASTE WISE FOUNDATION IS A 501(C)(3) NONPROFIT WHOSE MISSION IS TO HELP BUSINESSES AND ORGANIZATIONS IMPLEMENT MORE SUSTAINABLE BUSINESS PRACTICES WHILE SAVING MONEY AND PROTECTING THE ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCH O FOR ACCOMPLISHMENTS.THE MINNESOTA WASTE WISE FOUNDATION HAS BEEN OPERATING SINCE 1994. OUR ENVIRONMENTAL SUSTAINABILITY CONSULTING SERVICES CONTINUE TO BENEFIT MINNESOTA BUSINESSES AND NONPROFIT COMMUNITIES THROUGHOUT THE STATE, AND OUR SERVICES ARE SOUGHT AFTER BY MORE FUNDING ENTITIES EACH YEAR. THE STATE OF MINNESOTA, COUNTIES, OTHER ENTITES CONTRACT WITH MINNESOTA WASTE WISE TO HELP THEM ADVANCE THEIR GOALS TO REDUCE THE COMMERCIAL WASTE GENERATED. ENERGY UTILITIES CONTRACT WITH MINNESOTA WASTE WISE TO HELP THEM ADVANCE COMMERCIAL AND INDUSTRIAL ENERGY REDUCTION PROJECTS. MINNESOTA WASTE WISE CONTINUES TO GROW AND PRODUCE IMPRESSIVE RESULTS. WE'RE PLEASED TO REPORT THE FOLLOWING RESULTS FOR FISCAL YEAR 2021-2022: -4,861 DIRECT SERVICES PROVIDED TO MORE THAN 1561 BUSINESES IN 139 CITIES THROUGHOUT MINNESOTA, -137 ELECTRIC ENERGY UPGRADES COMPLETED, -$714,571 ESTIMATED YEAR 1 ANNUAL COST SAVINGS DOCUMENTED, -4,204,449 ESTIMATED YEAR 1 ANNUAL KWH ENERGY SAVINGS DOCUMENTED-31 NATURAL GAS ENERGY UPGRADES COMPLETED-19,612 ESTIMATED YEAR 1 ANNUAL DEKATHERMS ENERGY SAVINGS DOCUMENTED-3,328,744 ESTIMATED YEAR 1 POUNDS OF WASTE DIVERTED FROM WASTE STREAM-$125,631 ESTIMATED YEAR 1 COST SAVINGS FOR WASTE DIVERSON
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Keegan Chair | OfficerTrustee | 1 | $0 |
Julie Ketchum Vice Chair/chair Elect | OfficerTrustee | 0.5 | $0 |
Peggy Johnson Secretary | OfficerTrustee | 0.5 | $0 |
Jeff Vincent Past Chair | OfficerTrustee | 0.5 | $0 |
Dan Leach Director | Trustee | 0.5 | $0 |
Steve Pincuspy Director | Trustee | 0.5 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,489,846 |
| Investment income | $35,386 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$19,251 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,511,981 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $450,000 |
| 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 | $1,124,244 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $147,857 |
| Payroll taxes | $84,717 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,625 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $127,926 |
| Advertising and promotion | $129,550 |
| Office expenses | $27,243 |
| Information technology | $71,351 |
| Royalties | $0 |
| Occupancy | $55,200 |
| Travel | $47,976 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,597 |
| Interest | $278 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,177 |
| Insurance | $19,101 |
| All other expenses | $0 |
| Total functional expenses | $2,354,954 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $710,588 |
| Savings and temporary cash investments | $1,439,896 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $163,538 |
| 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 | $6,956 |
| Net Land, buildings, and equipment | $39,975 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,360,953 |
| Accounts payable and accrued expenses | $145,847 |
| 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 | $129,984 |
| Total liabilities | $275,831 |
| Net assets without donor restrictions | $2,085,122 |
| Net assets with donor restrictions | $0 |
| 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 | $2,360,953 |
Grants Awarded
Over the last fiscal year, Minnesota Waste Wise Foundation has awarded $175,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MINNESOTA CHAMBER FOUNDATION PURPOSE: INCREASING ENERGY EFFICIENCY AND WASTE EFFICIENCY PROJECT IMPLEMENTATION. | $125,000 |
MINNESOTA CHAMBER OF COMMERCE PURPOSE: INCREASING ENERGY EFFICIENCY AND WASTE EFFICIENCY PROJECT IMPLEMENTATION. | $50,000 |