The Curtis L Carlson Family Foundation
- Assets
- $300.8m
- Revenue
- $21.1m
- Investments
- $289.2m
- Employees
- 0
- Location
- Minnetonka, MN
- Founding
- 04/1962
- Data as of
- 12/2021
- EIN
- 41-6028973
Organization Overview
The Curtis L Carlson Family Foundation is located in Minnetonka, 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. Curtis L Carlson Family 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, Curtis L Carlson Family Foundation generated $21.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.8% each year . All expenses for the organization totaled $13.0m during the year ending 12/2021. While expenses have increased by 3.5% per year over the past 7 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
C David Nelson Secretary | 40 | $297,652 | |
Aretha Green-Rupert Program Director | 40 | $216,291 | |
Dana Jensen Prgram Director | 40 | $134,057 | |
Nicholas Schmidt Sr Grants Manager | 40 | $121,846 | |
Julie Pilarski Executive Assistant | 40 | $83,539 | |
Joan Weis Grants Manager | 40 | $67,433 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tonkawa Inc | 12/30/21 | $1,535,428 |
The Northern Trust Company | 12/30/21 | $70,232 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $12,568,168 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,564,495 |
| Capital Gain Net Income | $15,960,089 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $21,132,663 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $369,652 |
| Other employee salaries and wages | $623,165 |
| Pension plans, employee benefits | $65,743 |
| Interest | $0 |
| Taxes | $293,843 |
| Depreciation | $34,931 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $19,542 |
| Printing and publications | $0 |
| Other expenses | $245,613 |
| Total operating and administrative expenses | $2,386,731 |
| Contributions, gifts, grants paid | $10,620,619 |
| Total expenses and disbursements | $13,007,350 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $11,588,595 |
| 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 | $110,224,739 |
| Net Land, buildings, and equipment | $69,863 |
| Other assets | $0 |
| Total assets | $300,826,673 |
| 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 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fred C And Katherine B Andersen Foundation Bayport, MN | $1,210,701,778 | $63,445,932 |
Manitou Fund White Bear Lake, MN | $1,003,593,689 | $40,882,622 |
Lynne & Andrew Redleaf Foundation Minneapolis, MN | $127,717,345 | $981,960 |
Northwest Area Foundation St Paul, MN | $512,755,007 | $38,144,816 |
U S Bancorp Foundation Milwaukee, WI | $68,350,907 | $6,892,078 |
Medtronic Communities Foundation Minneapolis, MN | $54,271,830 | $230,239 |
General Mills Foundation Minneapolis, MN | $0 | -$304,053 |
J A Wedum Foundation Plymouth, MN | $141,295,178 | $28,441,684 |
Bader Philanthropies Inc Milwaukee, WI | $26,809,232 | $30,829,351 |
Kiewit Companies Foundation Milwaukee, WI | $1,050,332 | $23,001,672 |
Target Foundation Minneapolis, MN | $85,335,634 | $55,020,175 |
Wem Foundation Minneapolis, MN | $121,487,044 | $26,370,141 |