Gottstein Family Foundation
- Assets
- $677.9k
- Revenue
- $27.5k
- Investments
- $675.2k
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 12/1967
- Data as of
- 06/2022
- EIN
- 41-6054835
Organization Overview
Gottstein Family Foundation is located in Minneapolis, MN. The organization was established in 1967. 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. Gottstein 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 06/2022, Gottstein Family Foundation generated $27.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (28.8%) each year. All expenses for the organization totaled $54.5k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Gottstein Family Foundation has awarded 72 individual grants totaling $101,417. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter N Gottstein V. Pres/sec | 1 | $0 | |
Karen S Hodes Pres/trea | 1 | $0 | |
David Levi Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $29,851 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,311 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $1,750 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $27,540 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $500 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $55 |
| Total operating and administrative expenses | $17,319 |
| Contributions, gifts, grants paid | $37,152 |
| Total expenses and disbursements | $54,471 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,720 |
| 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 | $677,885 |
| 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 | $525 |
| Total liabilities | $525 |
Grants Awarded
Over the last fiscal year, Gottstein Family Foundation has awarded $37,152 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
ALLAIRE COMMUNITY FARM PURPOSE: GENERAL FUNDING | $1,000 |
AMERICAN TECHNION SOCIETY PURPOSE: GENERAL FUNDING | $2,000 |
ANTI DEFAMATION LEAGUE PURPOSE: GENERAL FUNDING | $1,000 |
BIRTHRIGHT ISRAEL FOUNDATION PURPOSE: GENERAL FUNDING | $1,000 |
B'NAI B'RITH PURPOSE: GENERAL FUNDING | $500 |
CONGREGATION B'NAI TIKVAH PURPOSE: ADULT EDUCATION FUND, INC. | $12,902 |