Second Step Foundation
- Assets
- $1.7m
- Revenue
- $590.1k
- Investments
- $1.4m
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 02/2015
- Data as of
- 12/2023
- EIN
- 47-2198379
Organization Overview
Second Step Foundation is located in Minneapolis, MN. The organization was established in 2015. 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. Second Step Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2020, Second Step Foundation has awarded 100 individual grants totaling $1,140,000. 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 |
|---|---|---|---|
Travis Penrod Chair | 0.5 | $0 | |
Debra Penrod Director Of The Foundation | 0.5 | $0 | |
Aaron M Johansen Director & Treasurer | 0.5 | $0 | |
Samantha Rains Director & Secretary | 0.5 | $0 | |
Brittany Domier Director | 0.5 | $0 | |
Dana Domier Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $560,405 |
| Interest on Savings | $0 |
| Dividends & Interest | $29,662 |
| 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 | $0 |
| Total Revenue | $590,067 |
| 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 | $40 |
| Total operating and administrative expenses | $1,840 |
| Contributions, gifts, grants paid | $290,000 |
| Total expenses and disbursements | $291,840 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,500 |
| Savings and temporary cash investments | $295,756 |
| 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 | $61,734 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,683,859 |
| 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, Second Step Foundation has awarded $290,000 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
FEEDING SOUTH DAKOTA PURPOSE: PROGRAM SUPPORT TO REDUCE HUNGER | $20,000 |
FOOD BANK FOR THE HEARTLAND PURPOSE: PROGRAM SUPPORT TO REDUCE HUNGER | $10,000 |
BILLINGS FOOD BANK PURPOSE: PROGRAM SUPPORT TO REDUCE HUNGER | $10,000 |
FOOD BANK OF IOWA PURPOSE: PROGRAM SUPPORT TO REDUCE HUNGER | $10,000 |
COUNCIL OF COMMUNITY SERVICES COMMUNITY SOUP KITCHEN PURPOSE: PROGRAM SUPPORT TO REDUCE HUNGER | $10,000 |
FOOD BANK OF LINCOLN PURPOSE: PROGRAM SUPPORT TO REDUCE HUNGER | $10,000 |