Target Foundation
- Assets
- $92.7m
- Revenue
- $57.4m
- Investments
- $29.8m
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 12/1928
- Data as of
- 02/2024
- EIN
- 41-6017088
Organization Overview
Target Foundation is located in Minneapolis, MN. The organization was established in 1928. 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. Target 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 02/2024, Target Foundation generated $57.4m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 20.1% each year . All expenses for the organization totaled $26.4m during the year ending 02/2024. While expenses have increased by 12.7% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Target Foundation has awarded 1,123 individual grants totaling $123,742,663. 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 |
|---|---|---|---|
Kiera Fernandez President & Chair (beg 11/23) | 1 | $0 | |
Bill Foudy Trustee | 0.25 | $0 | |
Dan Fleming Asst Treasurer (end 07/23) | 0.05 | $0 | |
Dave Donlin Secretary | 0.05 | $0 | |
Dexter Newman Trustee | 0.25 | $0 | |
Janine Brown Assistant Treasurer | 0.05 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $56,000,000 |
| Interest on Savings | $1,393,098 |
| 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 | $57,393,098 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $34,986 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $53,763 |
| Total operating and administrative expenses | $88,749 |
| Contributions, gifts, grants paid | $26,355,000 |
| Total expenses and disbursements | $26,443,749 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $61,846,862 |
| 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 | $14,689,179 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,000,000 |
| Total assets | $92,692,164 |
| 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 | $22,230 |
| Total liabilities | $22,230 |
Grants Awarded
Over the last fiscal year, Target Foundation has awarded $27,255,000 in support to 138 organizations.
| Grant Recipient | Amount |
|---|---|
ALLIANCE FOR METROPOLITAN STABILITY PURPOSE: ECONOMIC OPPORTUNITY - HOMETOWN (ECOSYSTEM) | $150,000 |
ACCESSABILITY INC PURPOSE: ECONOMIC OPPORTUNITY - HOMETOWN | $50,000 |
AMERICAN INDIAN OIC INC PURPOSE: ECONOMIC OPPORTUNITY - HOMETOWN | $175,000 |
AEON PURPOSE: ECONOMIC OPPORTUNITY - HOMETOWN | $100,000 |
AMHERST H WILDER FOUNDATION PURPOSE: ECONOMIC OPPORTUNITY - HOMETOWN (ECOSYSTEM) | $50,000 |
APPETITE FOR CHANGE INC PURPOSE: ECONOMIC OPPORTUNITY - HOMETOWN | $75,000 |