Austin Area Foundation

Organization Overview

Austin Area Foundation is located in Austin, MN. The organization was established in 2003. According to its NTEE Classification (T31) the organization is classified as: Community 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. Austin Area 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, Austin Area Foundation generated $459.9k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $305.8k during the year ending 12/2023. While expenses have increased by 7.5% 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 2016, Austin Area Foundation has awarded 18 individual grants totaling $388,876. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

SUPPORT NONPROFIT ORGANIZATIONS BY MANAGING & DISTRIBUTING CHARITABLE GIFTS

Describe the Organization's Program Activity:

Part 3 - Line 4a

MAINTAIN AND ENHANCE RESOURCES OF THE AUSTIN AREA BY SUPPORTING QUALIFIED NONPROFITORGANIZATIONS


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Board, Officers & Key Employees

Name (title)Compensation
Stephen Barrett
Executive Dir.
$51,935
Taggert Medgaarden
President
$0
Darrell Ingvaldson
Vice President
$0
Peggy Benzkofer
Secretary
$0
Ron Walth
Treasurer
$0
David Hagen
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$340,572
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$340,572
Total Program Service Revenue$0
Investment income $85,643
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $851
Net Income from Fundraising Events $32,839
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $459,905

Grants Awarded

Over the last fiscal year, Austin Area Foundation has awarded $39,700 in support to 2 organizations.

Grant RecipientAmount

ST OLAF CHURCH FOUNDATION

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$27,000

LIFE MOWER COUNTY

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$12,700
View Grant Profile

Peer Organizations

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$19,336,393
Sioux Falls Area Community Foundation Inc
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$36,878,472
Community Foundation For The Fox Valley Region Inc
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$50,139,028
Communitygiving
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3m Open Fund
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$20,061,297
Madison Community Foundation
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$36,932,800
Greater Cedar Rapids Community Foundation
Cedar Rapids, IA
$26,493,454
Quad Cities Community Foundation
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Community Foundation Of Northeast Iowa
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$16,618,758
Community Foundation Of Greater Dubuque
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$18,173,016
Community Foundation Of North Central Wisconsin Inc
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$11,993,940
Oshkosh Area Community Foundation Corporation
Oshkosh, WI
$12,150,025
Fargo-Moorhead Area Foundation Corporation
Fargo, ND
$8,034,362
Womens Foundation Of Minnesota
Minneapolis, MN
$7,678,057
North Dakota Community Foundation
Bismarck, ND
$20,143,345
Waukesha County Community Foundation Inc
Waukesha, WI
$11,175,955
West Central Initiative
Fergus Falls, MN
$9,220,682
Rochester Area Foundation
Rochester, MN
$15,867,977
Door County Community Foundation Inc
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$16,870,849
Community Foundation For Western Iowa
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$4,632,343
Community Foundation Of Southern Wisconsin Inc
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$8,816,357

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