Glen Helgeson Foundation
- Assets
- $2.1m
- Revenue
- $137.1k
- Investments
- $2.0m
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 07/2014
- Data as of
- 12/2023
- EIN
- 46-4350306
Organization Overview
Glen Helgeson Foundation is located in Minneapolis, MN. The organization was established in 2014. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Glen Helgeson 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 12/2023, Glen Helgeson Foundation generated $137.1k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 17.3% each year . All expenses for the organization totaled $217.8k during the year ending 12/2023. While expenses have increased by 0.6% 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 2015, Glen Helgeson Foundation has awarded 225 individual grants totaling $1,376,945. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Glen Helgeson Pres & Treas | 0 | $12,000 | |
Rita Penrod Helgeson Exec Dir & S | 0 | $12,000 | |
Mariah Helgeson Vice Preside | 0 | $8,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $27,803 |
| Dividends & Interest | $31,186 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $78,068 |
| Capital Gain Net Income | $78,068 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $137,057 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $32,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,473 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $604 |
| Printing and publications | $0 |
| Other expenses | $65 |
| Total operating and administrative expenses | $71,842 |
| Contributions, gifts, grants paid | $146,000 |
| Total expenses and disbursements | $217,842 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $136,163 |
| 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 | $56,825 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,124,816 |
| 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 |
Grants Awarded
Over the last fiscal year, Glen Helgeson Foundation has awarded $146,000 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN COMPOSERS FORUM PURPOSE: GENERAL FUNDING | $6,000 |
AMERICAN INDIAN COMMUNITY HOUSING PURPOSE: GENERAL FUNDING | $1,000 |
ARTICULTURE PURPOSE: GENERAL FUNDING | $1,000 |
BROWNBODY PURPOSE: GENERAL FUNDING | $10,000 |
CEDAR CULTURAL CENTER PURPOSE: GENERAL FUNDING | $11,000 |
CENTER FOR IRISH MUSIC PURPOSE: GENERAL FUNDING | $5,000 |