Greater White Bear Lake Community Foundation
- Assets
- $4.0m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- White Bear Lake, MN
- Founding
- 10/2015
- Data as of
- 12/2020
- EIN
- 47-3487091
Organization Overview
Greater White Bear Lake Community Foundation is located in White Bear Lake, MN. The organization was established in 2015. According to its NTEE Classification (T30) the organization is classified as: Public 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. Greater White Bear Lake Community 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 12/2020, Greater White Bear Lake Community Foundation generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 45.5% each year . All expenses for the organization totaled $830.1k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Greater White Bear Lake Community Foundation has awarded 25 individual grants totaling $1,254,144. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE GREATER WHITE BEAR LAKE COMMUNITY FOUNDATION IS TO INSPIRE PHILANTHROPY AND ENTRICH THE LIVES OF PEOPLE WHO LIVE IN THE COMMUNITIES THAT SHARE THE SHORES OF WHITE BEAR LAKE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING 2020, THE ORGANIZATION DISTRIBUTED 742,894 IN GRANTS TO ENRICH THE LIVES OF PEOPLE IN THE COMMUNITIES THAT SHARE THE SHORES OF WHITE BEAR LAKE. 56 GRANTS WERE GIVEN IN 2020. 21 COMPETITIVE GRANTS TOTALING 50,650 WERE AWARDED FROM THE COMMUNITY PARTNERS FUND, 12 COMPETITIVE GRANTS TOTALING 41,500 WERE AWARDED FORM THE COMMUNITY RECOVERY FUND, 18 GRANTS TOTALING 495,800 WERE ISSUED FROM DONOR ADVISED FUNDS AND 5 GRANTS TOTALING 154,944 WERE ISSUED FROM FIELD OF INTEREST FUNDS, DESIGNATED FUNDS AND OTHERS.
THE LEADERSHIP TOMORROW SERIES IS A PROGRAM TO CREATE A NEW GENERATION OF COMMUNITY LEADERS. SELECTED PARTICIPANTS ATTEND MONTHLY PROGRAMS FOR 10 MONTHS OF THE YEAR TO LEARN LEADERSHIP CONCEPTS AND SKILLS AND TO BECOME AWARE OF COMMUNITY ISSUES AND RESOURCES. THERE WERE 22 PARTICIPANTS IN THE PROGRAM IN 2020.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Swanson Executive Di | Officer | 20 | $29,000 |
Bill Foussard Chair | OfficerTrustee | 5 | $0 |
Carol Mcfarlane Vice Chair | OfficerTrustee | 5 | $0 |
Eunice Cote Secretary | OfficerTrustee | 2 | $0 |
Brady Ramsay Treasurer | OfficerTrustee | 5 | $0 |
Karen Alnes Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $24,024 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,043,478 |
| Noncash contributions included in lines 1a–1f | $82,118 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,067,502 |
| Total Program Service Revenue | $11,075 |
| Investment income | $55,563 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $75,103 |
| Net Income from Fundraising Events | -$2,198 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,207,495 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $742,894 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $35,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,621 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $23,625 |
| Advertising and promotion | $2,017 |
| Office expenses | $1,049 |
| Information technology | $5,178 |
| 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 | $2,321 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,120 |
| Insurance | $703 |
| All other expenses | $0 |
| Total functional expenses | $830,134 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $626,022 |
| 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 | $3,352,461 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,978,483 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $27,578 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $83,886 |
| 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 | $111,464 |
| Net assets without donor restrictions | $2,615,896 |
| Net assets with donor restrictions | $1,251,123 |
| 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 | $3,978,483 |
Grants Awarded
Over the last fiscal year, Greater White Bear Lake Community Foundation has awarded $606,144 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
White Bear Lake, MN PURPOSE: PURCHASE OF PROPERTY | $408,500 |
CITY OF MAHTOMEDI PURPOSE: PLAYGROUND | $120,066 |
Ames, IA PURPOSE: SCHOLARSHIP FUND | $50,000 |
White Bear Lake, MN PURPOSE: MEALS | $27,578 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Greater White Bear Lake Community Foundation has recieved totaling $322,268.
| Awarding Organization | Amount |
|---|---|
Osilas Foundation White Bear Lake, MN PURPOSE: FOUNDATION BUILDERS; FORD FAMILY FUND; BIRD SANCTUARY | $260,000 |
Saint Paul & Minnesota Foundation Saint Paul, MN PURPOSE: MULTIPLE GRANTS FOR MULTIPLE PURPOSES | $27,162 |
Paul And Suzanne Hanifl Foundation Chicago, IL PURPOSE: GENERAL CHARITABLE PURPOSES | $20,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $10,100 |
Bay Branch Foundation Boca Raton, FL PURPOSE: TO FINANCE PROGRAM DEVELOPMENT | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $6 |
Endowment Analysis
| Earnings | $132,722 |
| Net Contributions | $1,050,908 |
| Ending Balance | $1,183,630 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Thedacare Family Of Foundations Inc Appleton, WI | $89,256,611 | $25,439,996 |
The Hormel Foundation Austin, MN | $1,540,722,314 | $34,366,937 |
South Dakota Community Foundation Pierre, SD | $805,282,495 | $215,504,617 |
Society Of St Vincent De Paul- Twin Cities Minneapolis, MN | $592,562 | $17,408,500 |
Northland Foundation Duluth, MN | $110,895,270 | $27,913,272 |
David Lynch Foundation For Consciousness-Based Education And Fairfield, IA | $9,280,358 | $8,736,448 |
Steve Stricker American Family Insurance Foundation Inc Madison, WI | $5,745,517 | $4,719,862 |
Hope Gospel Mission Inc Eau Claire, WI | $10,860,307 | $6,194,588 |
Community Foundation Of Johnson Coralville, IA | $45,550,796 | $9,673,780 |
The American Center For Philanthropy Inc Northfield, MN | $38,336,369 | $9,301,432 |
Lyon County Riverboat Foundation Inc Rock Rapids, IA | $2,226,608 | $3,365,358 |
Morgan Memorial Foundation Inc Morgan, MN | $3,017,509 | $3,804,451 |