Cla Foundation
- Assets
- $887.1k
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 08/2015
- Data as of
- 12/2022
- EIN
- 47-3544862
Organization Overview
Cla Foundation is located in Minneapolis, MN. The organization was established in 2015. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Cla 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 12/2022, Cla Foundation generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.6% each year . All expenses for the organization totaled $2.8m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Cla Foundation has awarded 548 individual grants totaling $9,423,638. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Pratt Chair | 1 | $0 | |
Mary Kay Curtiss Treasurer | 1 | $0 | |
Nick Graff Secretary | 1 | $0 | |
Jen Leary Ex-Officio | 1 | $0 | |
Mindy Plewacki Executive Director | 1 | $0 | |
Diego Ahumada Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,023,115 |
| Interest on Savings | $0 |
| Dividends & Interest | $21 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$753 |
| Capital Gain Net Income | $4,047 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,022,383 |
| 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 | $928 |
| Printing and publications | $0 |
| Other expenses | $26,170 |
| Total operating and administrative expenses | $43,192 |
| Contributions, gifts, grants paid | $2,800,259 |
| Total expenses and disbursements | $2,843,451 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $882,104 |
| Savings and temporary cash investments | $0 |
| 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 | $4,958 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $887,062 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $1,559,259 |
| 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 | $1,559,259 |
Grants Awarded
Over the last fiscal year, Cla Foundation has awarded $3,578,500 in support to 161 organizations.
| Grant Recipient | Amount |
|---|---|
100 BLACK MEN OF ATLANTA INC PURPOSE: GENERAL OPERATING SUPPORT | $20,000 |
ACHIEVEMPLS PURPOSE: PROGRAM SPECIFIC SUPPORT | $15,000 |
4 HORSEMEN REHABILITATION SERVICES INC PURPOSE: GENERAL OPERATING SUPPORT | $15,000 |
AMERICAN CORPORATE PARTNERS PURPOSE: PROGRAM SPECIFIC SUPPORT | $25,000 |
AVIVO PURPOSE: PROGRAM SPECIFIC SUPPORT | $15,000 |
BALTIMORE EDUCATIONAL SCHOLARSHIP TRUST (BEST) PURPOSE: GENERAL OPERATING SUPPORT | $15,000 |