Plus Foundation
- Assets
- $1.2m
- Revenue
- $261.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 06/1999
- Data as of
- 12/2022
- EIN
- 41-1903374
Organization Overview
Plus Foundation is located in Minneapolis, MN. The organization was established in 1999. According to its NTEE Classification (B05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Plus 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, Plus Foundation generated $261.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.7%) each year. All expenses for the organization totaled $315.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.5%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Plus Foundation has awarded 26 individual grants totaling $506,185. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROFESSIONAL LIABILITY INDUSTRY PHILANTHROPY,WOMEN'S LEADERSHIP,WORKPLACE DIVERSITY & OTHER CHARITABLE CAUSES
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHAPTER ALLY GRANTS: EIGHT PLUS CHAPTERS WERE AWARDED A TOTAL OF $32,500 IN ALLY GRANTS TO SUPPORT LOCAL CHARITIES THAT ADDRESS THE NEEDS OF THOSE WHO FACE OBSTACLES TO SECURING A JOB OR ADVANCING IN THEIR CAREER.CONFERENCE CAUSE: ZERO8HUNDRED, A SAN DIEGO NON-PROFIT THAT PROVIDES EDUCATION, SUPPORT, RETRAINING AND JOB PLACEMENT SERVICES WAS AWARDED $67,900. THE FOUNDATION COORDINATED A FUNDRAISING EFFORT AND VOLUNTEER INITIATIVE ON THE MILITARY BASE THAT ENGAGED 45 PLUS MEMBERS IN PACKING 500 CARE KITS OF ESSENTIAL ITEMS THAT WERE THEN DISTRIBUTED TO DEPLOYING TROOPS AND HOMELESS VETERANS.WOMEN'S LEADERSHIP NETWORK: CREATES OPPORTUNITIES FOR WOMEN TO NETWORK, IMPROVE THEIR PROFESSIONAL SKILLS, AND LEARN FROM THE EXPERIENCE OF OTHER ACCOMPLISHED FEMALE LEADERS. IN 2022, 432 WOMEN AND MEN ATTENDED 5 REGIONAL EVENTS; ABOUT 500 PEOPLE ATTENDED THE WLN LUNCHEON AT THE PLUS CONFERENCE IN SAN DIEGO. ADDITIONALLY, TWO WOMEN RECEIVED $5,000 SCHOLARSHIPS TO PURSUE LEADERSHIP EDUCATION AND WERE MATCHED WITH A MENTOR FOR 1 YEAR.LEADERSHIP & MENTORING PROGRAM (LAMP): IN 2022 NINE INDIVIDUALS PARTICIPATED IN THIS YEAR-LONG PROGRAM THAT PROVIDES EDUCATION, ONE-ON-ONE MENTORING, ATTENDANCE AT CONFERENCE AND SYMPOSIUM, AND ACCESS TO PLUS LEADERSHIP. 77 INDIVIDUALS HAVE GRADUATED FROM THIS PROGRAM SINCE 2016. IN 2022 4 COLLEGE STUDENTS WERE ALSO HOSTED BY LAMP TO ATTEND THE 3-DAY PLUS CONFERENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Auslander President | OfficerTrustee | 5 | $0 |
Allison Barrett Vice President | OfficerTrustee | 1 | $0 |
Rob Crocitto Secretary / Treasurer | OfficerTrustee | 0.5 | $0 |
Nancy Adams Trustee | Trustee | 0.5 | $0 |
Brian Braden Trustee | Trustee | 0.5 | $0 |
Steven Hanke Trustee | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $75,550 |
| Related organizations | $0 |
| Government grants | $9,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $164,446 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $249,496 |
| Total Program Service Revenue | $33,200 |
| Investment income | $29,382 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$30,201 |
| Net Income from Fundraising Events | -$19,935 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $261,942 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $101,366 |
| Grants and other assistance to domestic individuals. | $19,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,476 |
| Fees for services: Other | $26,183 |
| Advertising and promotion | $0 |
| Office expenses | $4,355 |
| Information technology | $5,544 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $31,301 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,589 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $103,359 |
| Total functional expenses | $315,173 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62,869 |
| Savings and temporary cash investments | $24,395 |
| Pledges and grants receivable | $12,000 |
| Accounts receivable, net | $430 |
| 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 | $6,857 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,073,998 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,180,549 |
| Accounts payable and accrued expenses | $10,274 |
| Grants payable | $24,000 |
| 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 | $0 |
| Total liabilities | $34,274 |
| Net assets without donor restrictions | $1,122,073 |
| Net assets with donor restrictions | $24,202 |
| 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 | $1,180,549 |
Grants Awarded
Over the last fiscal year, Plus Foundation has awarded $90,175 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
IICF COVID-19 CHILDREN'S RELIEF FUND PURPOSE: COVID RELIEF | $27,600 |
HIRE HEROES USA PURPOSE: CONFERENCE CAUSE | $62,575 |