Grotto Foundation Inc

Organization Overview

Grotto Foundation Inc is located in Arden Hills, MN. The organization was established in 1966. 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. Grotto Foundation Inc 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 04/2024, Grotto Foundation Inc generated $2.6m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 21.5% each year . All expenses for the organization totaled $1.4m during the year ending 04/2024. While expenses have increased by 0.1% per year over the past 9 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 2016, Grotto Foundation Inc has awarded 226 individual grants totaling $8,879,603. 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.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2024

Describe the Organization's Program Activity:

Part 3 - Line 4a

GENERAL GRANTS AND CONSULTATIVE SERVICES ARE TO BENEFIT SOCIETY BY IMPROVING THE EDUCATIONAL, FINANCIAL, PHYSICAL AND SOCIAL WELL-BEING OF INDIVIDUALS AND FAMILIES BY INVESTING IN EFFECTIVE NONPROFIT ORGANIZATIONS THROUGHOUT THE STATE OF MINNESOTA. GRANTS ARE AWARDED TO NONPROFIT ORGANIZATIONS IF THEY WORK IN 3 OF THE FOLLOWING 4 AREAS: YOUTH DEVELOPMENT, COMMUNITY SAFETY AND NEIGHBORHOOD DEVELOPMENT, POSTSECONDARY SUCCESS, AND MENTORING. IN FISCAL YEAR 2024 THE GROTTO FOUNDATION MADE GENERAL GRANTS OF $581,750 FOR CHARITABLE PURPOSES.


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $72,876
Interest on Savings $76,977
Dividends & Interest $966,687
Net Rental Income$0
Net Gain on Sale of Assets $1,439,214
Capital Gain Net Income $1,439,214
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $2,555,754

Grants Awarded

Over the last fiscal year, Grotto Foundation Inc has awarded $581,750 in support to 22 organizations.

Grant RecipientAmount

BIG IDEAS INC

PURPOSE: OPERATIONAL SUPPORT

$30,000

COMMUNITY PARTNERS WITH YOUTH

PURPOSE: OPERATIONAL SUPPORT

$33,000

BREAKTHROUGH TWIN CITIES

PURPOSE: OPERATIONAL SUPPORT

$25,000

FOSTER ADVOCATES

PURPOSE: OPERATIONAL SUPPORT

$35,000

FRIENDS OF SAINT PAUL COLLEGE

PURPOSE: SCHOLARSHIP

$15,000

HILL MUSEUM & MANUSCRIPT LIBRARY

PURPOSE: OPERATIONAL SUPPORT

$50,000
View Grant Profile

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