3m Foundation
- Assets
- $0.0
- Revenue
- $282.1k
- Investments
- $0.0
- Employees
- 0
- Location
- St Paul, MN
- Founding
- 02/1955
- Data as of
- 10/2022
- EIN
- 41-6038262
Organization Overview
3m Foundation is located in St Paul, MN. The organization was established in 1955. 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. 3m 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 10/2022, 3m Foundation generated $282.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (43.9%) each year. All expenses for the organization totaled $11.8m during the year ending 10/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY & ECONOMIC DEVELOPMENT: 10 RECIPIENTS WITH AN AVERAGE GRANT OF $397,789
HEALTH & SOCIAL SERVICES: 48 RECIPIENTS WITH AN AVERAGE GRANT OF $35,860
CULUTURE & ARTS: 29 RECIPIENTS WITH AN AVERAGE GRANT OF $49,828
EDUCATION: K-12: 12 RECIPIENTS WITH AN AVERAGE GRANT OF $20,833
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Momon President | 2 | $0 | |
Michael Stroik Vice President | 15 | $0 | |
Eric Levinson Secretary | 2 | $0 | |
Sarah Grauze Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $268,817 |
| Interest on Savings | $0 |
| Dividends & Interest | $6,703 |
| 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 | $6,618 |
| Total Revenue | $282,138 |
| 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 | $25 |
| Total operating and administrative expenses | $385,517 |
| Contributions, gifts, grants paid | $11,399,996 |
| Total expenses and disbursements | $11,785,513 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| 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 |