Travelers Foundation
- Assets
- $384.0k
- Revenue
- $5.5m
- Investments
- $0.0
- Employees
- 0
- Location
- St Paul, MN
- Founding
- 01/1999
- Data as of
- 12/2021
- 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 12/2021, Travelers Foundation generated $5.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (5.8%) each year. All expenses for the organization totaled $5.3m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.6%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Travelers Foundation has awarded 71 individual grants totaling $5,346,500. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRAVELERS FOUNDATION DOES NOT ENGAGE IN DIRECT CHARITABLE ACTIVITIES TRAVELERS FOUNDATION MAKES GRANTS DONATIONS TO CHARITABLE ORGANIZATIONS QUALIFIED UNDER SECTION 501C3 FO 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 2021 IS SET FORTH UNDER
PART XIV OF THIS FORM 990 PF
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
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 | |
Erin L Haberman Second Vice President | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,546,500 |
| Interest on Savings | $141 |
| 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 | $5,546,641 |
| 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 | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $5,346,500 |
| Total expenses and disbursements | $5,346,500 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $383,989 |
| 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 | $383,989 |
| 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 $5,346,500 in support to 71 organizations.
| Grant Recipient | Amount |
|---|---|
Hartford, CT PURPOSE: OPERATING SUPPORT FOR GHACS 2021 PROGRAMS INCLUDING MUSIC ON TRAVELERS PLAZA NEIGHBORHOOD STUDIOS | $600,000 |
Hartford, CT PURPOSE: PROGRAM SUPPORT FOR PATHWAYS AND WEAVER HIGH SCHOOL CAREER PATHWAYS PELABS PROJECT BASED LEARNING | $534,000 |
New Orleans, LA PURPOSE: PROGRAM SUPPORT FOR SBPS FORTIFIED BUILDING PROGRAM FOR LOWINCOME DISASTER IMPACTED FAMILIES | $450,000 |
Americus, GA PURPOSE: PROGRAM SUPPORT FOR 202122 HABITAT FOR HUMANITY TEAM BUILDS | $270,000 |
UNITED WAY OF CENTRAL AND NORTHEASTERN CONNECTICUT PURPOSE: OPERATING SUPPORT FOR THE UNITED WAY COMMUNITY INVESTMENT INITIATIVE | $250,000 |
TEAM RUBICON INC PURPOSE: PROGRAM SUPPORT FOR THE TEAM RUBICON LOW ATTENTION DISASTER REBUILD PROGRAM SPECIFICALLY THE WORKI | $250,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Travelers Foundation has recieved totaling $6,000.
| Awarding Organization | Amount |
|---|---|
Jackson Lewis Foundation West Harrison, NY PURPOSE: UNRESTRICTED SUPPORT OF THE ORGANIZATION'S EXEMPT PURPOSE | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charles K Blandin Foundation Grand Rapids, MN | $0 | $24,073,238 |
Reiman Foundation Inc Pewaukee, WI | $64,480,239 | $12,529,672 |
American Family Insurance Dreams Foundation Inc Madison, WI | $10,733,127 | $6,580,229 |
Joseph And Vera Zilber Charitable Foundation Inc Milwaukee, WI | $301,880,639 | $24,555,392 |
Argosy Foundation Milwaukee, WI | $36,932,110 | $41,277,914 |
Cargill Foundation Minneapolis, MN | $286,172,868 | $105,535,102 |
Schoeneckers Foundation Minneapolis, MN | $145,295,949 | $7,540,866 |
The Curtis L Carlson Family Foundation Minnetonka, MN | $300,826,673 | $21,132,663 |
Principal Financial Group Foundation Inc Des Moines, IA | $217,742,870 | $19,396,180 |
Herbert H Kohl Charities Inc Milwaukee, WI | $19,332,679 | $4,430,173 |
Andreas Foundation Mankato, MN | $70,794,995 | $28,410,107 |
Frechette Family Foundation Minneapolis, MN | $167,055,978 | $9,430,765 |