Travelers Foundation
- Assets
- $1.5m
- Revenue
- $5.8m
- Investments
- $0.0
- Employees
- 0
- Location
- St Paul, MN
- Founding
- 01/1999
- Data as of
- 12/2022
- EIN
- 41-1924256
Organization Overview
Travelers Foundation is located in St Paul, MN. The organization was established in 1999. 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. Travelers 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, Travelers Foundation generated $5.8m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 23.2% each year . All expenses for the organization totaled $6.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Travelers Foundation has awarded 158 individual grants totaling $11,400,200. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRAVELERS FOUNDATION DOES NOT ENGAGE IN DIRECT CHARITABLE ACTIVITIES TRAVELERS FOUNDATION MAKES GRANTS AND DONATIONS TO CHARITABLE ORGANIZATIONS QUALIFIED UNDER SECTION 501C3 OF THE INTERNAL REVENUE CODE OF 1986 AS
AMENDED PUBLIC CHARITIES AND PUBLIC CHARITY EQUIVALENT ORGANIZATIONS THROUGH THE EXERCISE OF EXPENDITURE CONTROL ON SUCH GRANTS A COMPLETE LIST OF GRANTS AND CONTRIBUTIONS MADE DURING 2022 IS SET FORTH UNDER
PART XV OF THIS FORM 990 PF
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andy F Bessette Chairman | 0.5 | $0 | |
Andy F Bessette Director | 0.5 | $0 | |
Marlene M Ibsen President CEO Nonvo | 10 | $0 | |
Tara Spain Vice President COO | 10 | $0 | |
Scott W Rynda Treasurer | 0.5 | $0 | |
Wendy C Skjerven Corporate Secretary | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,813,700 |
| Interest on Savings | $1,188 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,814,888 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $19 |
| Total operating and administrative expenses | $19 |
| Contributions, gifts, grants paid | $6,053,700 |
| Total expenses and disbursements | $6,053,719 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,505,158 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,505,158 |
| 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, Travelers Foundation has awarded $6,053,700 in support to 87 organizations.
| Grant Recipient | Amount |
|---|---|
HARTFORD LAND BANK INC PURPOSE: PROJECT SUPPORT FOR THE APPRAISAL GAP HOMEOWNERSHIP INVESTMENT PROGRAM FOR HARTFORDBASED DEVELOPERS | $50,000 |
ACHIEVE HARTFORD PURPOSE: OPERATING SUPPORT FOR THE ALL IN COALITION FOR COLLEGE AND CAREER READINESS | $125,000 |
ART WITH A HEART INC PURPOSE: PROJECT SUPPORT FOR THE HUNT VALLEY OFFICES VOLUNTEER INITIATIVE IN PARTNERSHIP WITH ART WITH A HEA | $10,000 |
ACTUARIAL FOUNDATION PURPOSE: PROGRAM SUPPORT FOR THE MATH MOTIVATORS TUTORING PROGRAM | $50,000 |
THE ARTS PARTNERHSIP PURPOSE: GENERAL OPERATING SUPPORT FOR THE ARTS PARTNERSHIP | $25,000 |
BOYS AND GIRLS CLUBS OF HARTFORD INC PURPOSE: OPERATING SUPPORT FOR THE BOYS GIRLS CLUBS OF HARTFORD | $120,000 |