Huelsmann Foundation
- Assets
- $2.8m
- Revenue
- $399.2k
- Investments
- $2.7m
- Employees
- 0
- Location
- Bloomington, MN
- Founding
- 02/1998
- Data as of
- 12/2022
- EIN
- 41-1893927
Organization Overview
Huelsmann Foundation is located in Bloomington, MN. The organization was established in 1998. 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. Huelsmann 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, Huelsmann Foundation generated $399.2k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $712.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Huelsmann Foundation has awarded 34 individual grants totaling $1,079,610. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer A Huelsmann Co-President/treasurer | 1.93 | $17,504 | |
Kristin M Rossiter Co-President/secretary | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $64,227 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $335,016 |
| Capital Gain Net Income | $335,016 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $399,243 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $17,504 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $22,183 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,837 |
| Total operating and administrative expenses | $103,306 |
| Contributions, gifts, grants paid | $609,210 |
| Total expenses and disbursements | $712,516 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,690 |
| Savings and temporary cash investments | $151,034 |
| 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 | $200,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,830,478 |
| 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, Huelsmann Foundation has awarded $609,210 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
ACES (ATHLETES COMMITTED TO EDUCATING STUDENTS) PURPOSE: TO HELP FULFILL ITS MISSION TO REDUCE THE ACADEMIC ACHIEVMENT GAP AND IMPROVE THE LIKELIHOOD OF SUCCESS FOR UNDERSERVED STUDENTS. THROUGH ITS INNOVATIVE, HIGH-QUALITY AFTER-SCHOOL PROGRAM, ACES PROVIDES MATH AND SOCIAL-EMOTIONAL SKILL DEVELOPMENT. | $10,000 |
AMERICAN BIRKEBEINER SKI FOUNDATION GRANT #1 PURPOSE: MULTI-YEAR SUPPORT FOR KORTELOPET STADIUM; SPACE & GATEWAY FOR KID'S OUTDOOR PROGRAMS | $15,000 |
AMERICAN BIRKEBEINER SKI FOUNDATION GRANT #2 PURPOSE: NEW REQUEST IS FOR THE BIRKIE OUTREACH SOUTHERN TRAIL VENUE. FOCUS WILL BE YOUTHS FROM NW WISCONSIN AND CHILDREN FROM LA COURTE OREILLES NATIVE AMERICAN RESERVATION. | $50,000 |
CARPENTER ST CROIX VALLEY NATURE CENTER PURPOSE: TO PROVIDE OPPORTUNITIES FOR NATURE EXPLORATION AND SCIENCE-BASED ENVIRONMENTAL EDUCATION TO THE STILLWATER COMMUNITY. EXTERNAL FUNDING KEEPS PROGRAMMING FREE OR LOW COST TO ENSURE ACCESS FOR ALL. | $5,000 |
BISHOP MANOGUE CATHOLIC HIGH SCHOOL PURPOSE: SEEKS FUNDING TO UPDATE AND UPGRADE THE PHYSICAL LEARNING SPACE DED1CATCD TO THE INTEGRATED LEARNING CENTER (ILC). THE GOAL IS TO CREATE A HOSPITABLE AND COHESIVE ENVIRONMENT WHERE STUDENTS FACING LEARNING CHALLENGES CAN THRIVE BY UPDATING CURRENT IN-ROOM TECHNOLOGY, RECONFIGURING SPACE, AND UPGRADING FURNITURE. | $94,210 |
CENTRAL CROSS COUNTRY SKIING PURPOSE: GRANT FOCUSES ON CONSTRUCTION OF THE TRAILHEAD BUILDING, WHICH WILL SERVE AS A RECREATIONAL AND SOCIAL COMMUNITY CENTER AND INCLUDE A HOMELIKE GATHERING SPACE, RESTROOMS, AND EQUIPMENT STORAGE. THE TRAIHEAD BUILDING WILL PROVIDE YOUTH WITH THE NECESSARY AMENITIES TO SUPPORT A POSITIVE EXPERIANCE FROM OUTDOOR RECREATION AND OFFER INDOOR SPACE. | $50,000 |