Edelstein Family Foundation 050013733200
- Assets
- $34.9m
- Revenue
- $1.0m
- Investments
- $33.6m
- Employees
- 0
- Location
- St Cloud, MN
- Founding
- 08/1962
- Data as of
- 12/2022
- EIN
- 41-6013675
Organization Overview
Edelstein Family Foundation 050013733200 is located in St Cloud, MN. The organization was established in 1962. 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. Edelstein Family Foundation 050013733200 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, Edelstein Family Foundation 050013733200 generated $1.0m 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 (19.6%) each year. All expenses for the organization totaled $2.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Edelstein Family Foundation 050013733200 has awarded 48 individual grants totaling $6,198,665. 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 |
|---|---|---|---|
Name Not Listed Co-Trustee | 5 | $133,090 | |
Thomas A Keller III Co-Trustee | 1 | $150,000 | |
Name Not Listed Co-Trustee | 1 | $32,259 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $293 |
| Dividends & Interest | $1,007,145 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $41,130 |
| Capital Gain Net Income | $41,130 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $246 |
| Total Revenue | $1,048,814 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $315,349 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $46,929 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,418 |
| Total operating and administrative expenses | $386,287 |
| Contributions, gifts, grants paid | $2,310,924 |
| Total expenses and disbursements | $2,697,211 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,247,507 |
| 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 | $33,611,927 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $34,859,434 |
| 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, Edelstein Family Foundation 050013733200 has awarded $2,310,924 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF MINNESOTA PURPOSE: PROGRAM SUPPORT | $118,807 |
THEATRE COMMUNICATIONS GROUP PURPOSE: PROGRAM SUPPORT | $45,000 |
THE PLAYWRIGHTS CENTER PURPOSE: PROGRAM SUPPORT | $85,000 |
NEW YORK SHAKESPEARE FESTIVAL PURPOSE: PROGRAM SUPPORT | $100,000 |
PILLSBURY HOUSE THEATRE PURPOSE: PROGRAM SUPPORT | $90,000 |
MIXED BLOOD THEATRE PURPOSE: PROGRAM SUPPORT | $35,000 |