James F Bell Foundation
- Assets
- $2.3m
- Revenue
- $375.1k
- Investments
- $2.0m
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 09/1959
- Data as of
- 12/2023
- EIN
- 41-6023099
Organization Overview
James F Bell Foundation is located in Minneapolis, MN. The organization was established in 1959. 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. James F Bell 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, James F Bell Foundation generated $375.1k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 20.0% each year . All expenses for the organization totaled $414.0k during the year ending 12/2023. While expenses have increased by 3.6% 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 2019, James F Bell Foundation has awarded 354 individual grants totaling $2,101,966. 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 |
|---|---|---|---|
Ford W Bell Trustee | 5 | $10,000 | |
Samuel H Bell Jr Trustee | 5 | $10,000 | |
Ellen George Executive Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6 |
| Dividends & Interest | $92,698 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $282,401 |
| Capital Gain Net Income | $282,401 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $375,105 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $20,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,516 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $732 |
| Total operating and administrative expenses | $89,951 |
| Contributions, gifts, grants paid | $324,000 |
| Total expenses and disbursements | $413,951 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $102,580 |
| Savings and temporary cash investments | $212,538 |
| 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 | $1,253,183 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,281,383 |
| 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, James F Bell Foundation has awarded $430,000 in support to 77 organizations.
| Grant Recipient | Amount |
|---|---|
BELL MUSEUM PURPOSE: GENERAL OPERATIONS | $39,000 |
BELWIN CONSERVANCY PURPOSE: GENERAL OPERATIONS | $16,500 |
ASSOCIATES OF THE JAMES FORD BELL LIBRARY PURPOSE: GENERAL OPERATIONS | $5,000 |
AMERICAN ALLIANCE OF MUSEUMS PURPOSE: GENERAL OPERATIONS | $25,000 |
CHAGDUD GONPA FOUNDATION PURPOSE: GENERAL OPERATIONS | $1,000 |
CENTRAL FLORIDA STAGES PURPOSE: GENERAL OPERATIONS | $5,000 |