Minneapolis Rotary Foundation
- Assets
- $4.2m
- Revenue
- $139.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 09/1979
- Data as of
- 06/2021
- EIN
- 41-6048419
Organization Overview
Minneapolis Rotary Foundation is located in Minneapolis, MN. The organization was established in 1979. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minneapolis Rotary 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 06/2021, Minneapolis Rotary Foundation generated $139.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (11.2%) each year. All expenses for the organization totaled $161.5k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (4.1%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Minneapolis Rotary Foundation has awarded 35 individual grants totaling $748,464. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MINNEAPOLIS ROTARY FOUNDATION (THE FOUNDATION) REPRESENTS THE MEMBERS OF THE ROTARY CLUB OF MINNEAPOLIS IN THEIR SUPPORT OF INTERNATIONAL AND LOCAL COMMUNITY PROJECTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORLD COMMUNITY SERVICE: MAKE GRANTS AND LEVERAGE MATCHING GRANTS FOR PROJECT THROUGHOUT THE WORLD WHICH PROMOTE PEACE, FIGHT DISEASE, PROVIDE CLEAN WATER AND SANITATION, SAVE MOTHERS AND CHILDREN, SUPPORT EDUCATION AND GROW LOCAL ECONOMIES.
LOCAL COMMUNITY SERVICE: MAKE GRANTS AND LEVERAGE MATCHING GRANTS FOR PROJECTS IN THE MINNEAPOLIS AREA, ESPECIALLY IN THE AREA OF YOUTH DEVELOPMENT.
SCHOLARSHIP: AWARD SCHOLARSHIPS TO MINNEAPOLIS HIGH SCHOOL GRADUATES SEEKING COLLEGE DEGREES WHO DEMONSTRATE THE IDEALS OF ROTARY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynn Swon President | OfficerTrustee | 3 | $0 |
Kevin Busch Vice President | OfficerTrustee | 2 | $0 |
Todd Krough Secretary | OfficerTrustee | 2 | $0 |
Jireh Mabamba Assistant Treasurer | OfficerTrustee | 2 | $0 |
Fred Semmer Treasurer | OfficerTrustee | 2 | $0 |
Brian Bethune Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $72,556 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $72,556 |
| Total Program Service Revenue | $0 |
| Investment income | $67,186 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $139,742 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $96,016 |
| Grants and other assistance to domestic individuals. | $29,050 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $6,900 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,069 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,186 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,255 |
| All other expenses | $0 |
| Total functional expenses | $161,535 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $257,686 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,900,276 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,157,962 |
| Accounts payable and accrued expenses | $1,500 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,500 |
| Net assets without donor restrictions | $357,037 |
| Net assets with donor restrictions | $3,799,425 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,157,962 |
Grants Awarded
Over the last fiscal year, Minneapolis Rotary Foundation has awarded $163,920 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
YMCA - Y'START PURPOSE: YOUTH DEVELOPMENT | $26,400 |
YMCA - Y'START PURPOSE: YOUTH DEVELOPMENT | $26,400 |
YMCA - Y'START PURPOSE: YOUTH DEVELOPMENT | $26,400 |
Minneapolis, MN PURPOSE: LOCAL COMMUNITY SERVICE | $10,000 |
Minneapolis, MN PURPOSE: LOCAL COMMUNITY SERVICE | $10,000 |
Minneapolis, MN PURPOSE: LOCAL COMMUNITY SERVICE | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Minneapolis Rotary Foundation has recieved totaling $1,005.
| Awarding Organization | Amount |
|---|---|
Sit Investment Associates Foundation Minneapolis, MN PURPOSE: OPERATING | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
| Beg. Balance | $3,267,280 |
| Earnings | $966,636 |
| Net Contributions | $25,570 |
| Other Expense | $115,384 |
| Ending Balance | $4,144,102 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hunger Task Force Inc Milwaukee, WI | $33,494,491 | $39,896,159 |
On With Life Inc Ankeny, IA | $19,447,887 | $18,186,855 |
International Association Of Lions Clubs Fridley, MN | $197,690 | $14,146,394 |
Options In Community Living Inc Madison, WI | $7,666,427 | $12,922,524 |
Center City Housing Corporation Duluth, MN | $35,739,418 | $8,813,039 |
Access North Center For Independent Living Of Northeastern Minnesota Hibbing, MN | $4,421,937 | $7,763,537 |
Rural Office Of Community Services Wagner, SD | $1,371,627 | $8,326,343 |
Community Action Partnership Of Hennepin County St Louis Park, MN | $782,204 | $7,196,325 |
Headwaters Foundation For Justice Minneapolis, MN | $27,986,426 | $15,004,954 |
Species360 Minneapolis, MN | $9,065,398 | $6,225,506 |
Zinzendorf Hall Inc Watertown, WI | $13,448,322 | $5,812,562 |
Ne South Dakota Community Action Program Inc Sisseton, SD | $10,163,579 | $4,453,271 |