Xcel Energy Foundation
- Assets
- $3.7m
- Revenue
- $30.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 06/2003
- Data as of
- 12/2023
- EIN
- 41-2007734
Organization Overview
Xcel Energy Foundation is located in Minneapolis, MN. The organization was established in 2003. 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. Xcel Energy 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 12/2023, Xcel Energy Foundation generated $30.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (66.9%) each year. All expenses for the organization totaled $7.7m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Xcel Energy Foundation has awarded 9,415 individual grants totaling $37,658,016. 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 |
|---|---|---|---|
Amanda Rome Director | 0.3 | $0 | |
Brian Van Abel Director | 0.3 | $0 | |
Brett Carter Director | 0.3 | $0 | |
Robert Frenzel Chair And President | 0.3 | $0 | |
Frank Prager Vice President | 0.3 | $0 | |
Patricia Martin Treasurer | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $30,018 |
| 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 | $30,018 |
| 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 | $166,581 |
| Total operating and administrative expenses | $186,709 |
| Contributions, gifts, grants paid | $7,487,407 |
| Total expenses and disbursements | $7,674,116 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,659,623 |
| Savings and temporary cash investments | $1,011,848 |
| 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 | $3,671,471 |
| 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 | $308,972 |
| Total liabilities | $308,972 |
Grants Awarded
Over the last fiscal year, Xcel Energy Foundation has awarded $7,487,407 in support to 1,872 organizations.
| Grant Recipient | Amount |
|---|---|
10000 LAKES GAMING PURPOSE: DOLLARS FOR DOING MATCH PAYROLL DEDUCTION (501(C)3) | $934 |
180 DEGREES INC PURPOSE: COMMUNITY VITALITY | $5,000 |
21 ROOTS FARM PURPOSE: MATCH PAYROLL DEDUCTION (501(C)3) | $50 |
23RD VETERAN PURPOSE: MATCH A PREVIOUS DONATION (501(C)3) MATCH CREDIT CARD DONATION (501(C)3) | $462 |
2WHEELS4HEROES PURPOSE: DOLLARS FOR DOING | $160 |
30000 FEET PURPOSE: STEM CAREER PATHWAYS | $15,000 |