Avocet Foundation
- Assets
- $5.1m
- Revenue
- $262.7k
- Investments
- $4.4m
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 07/1997
- Data as of
- 12/2023
- EIN
- 41-1859473
Organization Overview
Avocet Foundation is located in Minneapolis, MN. The organization was established in 1997. 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. Avocet 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 12/2023, Avocet Foundation generated $262.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (9.1%) each year. All expenses for the organization totaled $1.8m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Avocet Foundation has awarded 134 individual grants totaling $2,312,000. 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $237,633 |
| Interest on Savings | $9,433 |
| Dividends & Interest | $107,109 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$96,473 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,974 |
| Total Revenue | $262,676 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,009 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,401,666 |
| Total operating and administrative expenses | $1,449,920 |
| Contributions, gifts, grants paid | $306,500 |
| Total expenses and disbursements | $1,756,420 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,241 |
| Savings and temporary cash investments | $631,285 |
| 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 | $4,432,936 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,065,462 |
| 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, Avocet Foundation has awarded $306,500 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
BELWIN CONSERVANCY PURPOSE: PROTECT THE ST. CROIX VALLEY THROUGH LAND PRESERVATION | $8,000 |
APPLE TREE DENTAL PURPOSE: IMPROVES ORAL HEALTH OF PEOPLE WITH SPECIAL DENTAL ACCESS NEEDS | $9,000 |
BREAKTHROUGH TWIN CITIES PURPOSE: BREAKTHROUGH TWIN CITIES PREPARED UNDER-RESOURCED STUDENTS FOR COLLEGE SUCCESS AND CULTIVATES THE NEXT GENERATION OF EDUCATORS | $8,000 |
GLOBAL RIGHTS FOR WOMEN PURPOSE: PROMOTING WOMEN'S HUMAN RIGHTS INTERNATIONALLY | $30,000 |
CONSTELLATION FUND PURPOSE: FIGHT POVERTY IN THE TWIN CITIES | $10,000 |
FAIRVOTE MINNESOTA FOUNDATION PURPOSE: PROMOTING BETTER DEMOCRACY THROUGH IMPROVING THEVOTING SYSTEM. WE PROVIDE RESEARCH AND EDUCATION ABOUT THEEFFECTS OUR VOTING SYSTEM HAS ON THE QUALITY OF DEMOCRACY ANDADVOCATE FOR RANKED CHOICE VOTING OR OTHER SYSTEMS THAT PROMOTEGREATER COMPETITION, PARTICIPATION, MAJORITY RULE, AND PROPORTIONALREPRESENTATION. | $20,000 |