Flagship Foundation
- Assets
- $286.2k
- Revenue
- $27.0k
- Investments
- $284.9k
- Employees
- 0
- Location
- Chanhassen, MN
- Founding
- 02/1999
- Data as of
- 12/2021
- EIN
- 41-1923922
Organization Overview
Flagship Foundation is located in Chanhassen, MN. The organization was established in 1999. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Flagship 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 12/2021, Flagship Foundation generated $27.0k in total revenue. All expenses for the organization totaled $16.2k during the year ending 12/2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William O Naegele Jr Director | 0 | $0 | |
Stephanie Naegele Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $9,537 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $17,420 |
| Capital Gain Net Income | $17,420 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $26,957 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $106 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $26 |
| Total operating and administrative expenses | $1,150 |
| Contributions, gifts, grants paid | $15,000 |
| Total expenses and disbursements | $16,150 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,360 |
| Savings and temporary cash investments | $0 |
| 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 | $284,859 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $286,219 |
| 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, Flagship Foundation has awarded $15,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
GRACE LUTHERAN CHURCH PURPOSE: RELIGIOUS PURPOSES | $4,250 |
Excelsior, MN PURPOSE: RELIGIOUS PUROPOSES | $2,500 |
San Francisco, CA PURPOSE: RELIGIOUS PURPOSES | $2,000 |
CHURCH OF THE MASTER'S LOVE PURPOSE: RELIGIOUS PURPOSES | $1,500 |
QUIET TIME MINISTRIES PURPOSE: RELIGIOUS PURPOSES | $1,000 |
SPECIAL OLYMPICS MN PURPOSE: GENERAL SUPPORT | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charles E Lakin Foundation Inc Council Bluffs, IA | $146,415,136 | $18,758,116 |
David And Janis Larson Foundation Minneapolis, MN | $131,263,001 | -$404,078 |
The Jennings Family Foundation Edina, MN | $20,317,059 | $4,027,228 |
Kaena Foundation Minneapolis, MN | $0 | $2,288,902 |
Melitta S And Joan M Pick Charitable Trust Milwaukee, WI | $69,688,567 | $15,533,257 |
K A H R Foundation Minnetrista, MN | $0 | $2,779,843 |
The Mortenson Family Foundation Minneapolis, MN | $135,941,290 | $34,670,895 |
Northeast Entrepreneur Fund Inc Duluth, MN | $61,578,010 | $11,454,205 |
Easter Foundation Inc De Pere, WI | $48,221,315 | $14,319,286 |
John Ruan Foundation Trust Urbandale, IA | $110,876,833 | $7,230,015 |
Wem 2000 Foundation Minneapolis, MN | $94,111,129 | $6,290,419 |
Ashley Charitable Foundation Ltd Arcadia, WI | $13,824,381 | $199,581 |