The Scott Richards North Star Charitable Foundation
- Assets
- $1.7m
- Revenue
- $497.7k
- Investments
- $1.0m
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 01/2005
- Data as of
- 12/2023
- EIN
- 76-0764527
Organization Overview
The Scott Richards North Star Charitable Foundation is located in Minneapolis, MN. The organization was established in 2005. 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. Scott Richards North Star Charitable 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, Scott Richards North Star Charitable Foundation generated $497.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (15.1%) each year. All expenses for the organization totaled $381.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Scott Richards North Star Charitable Foundation has awarded 310 individual grants totaling $1,938,687. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION OPERATES A GOLF EVENT WHERE ALL PROCEEDS ARE DONATED TO ORGANIZATIONS WHICH HELP STUDENTS LEARN FINANCIAL SKILLS THROUGH HANDS-ON EXPERIENCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phillip C Richards President | 0 | $0 | |
Susan B Richards Asst VP | 0 | $0 | |
David Vasos VP | 0 | $0 | |
Edward G Deutschlander VP | 0 | $0 | |
Shaun Mcduffee At-Large | 0 | $0 | |
Robert Kaufer At-Large | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $445,412 |
| Interest on Savings | $497 |
| Dividends & Interest | $22,547 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $29,253 |
| Capital Gain Net Income | $29,253 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $497,709 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,106 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $90,178 |
| Total operating and administrative expenses | $95,284 |
| Contributions, gifts, grants paid | $286,575 |
| Total expenses and disbursements | $381,859 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,404 |
| Savings and temporary cash investments | $637,629 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,000 |
| Total assets | $1,701,590 |
| 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, The Scott Richards North Star Charitable Foundation has awarded $286,575 in support to 84 organizations.
| Grant Recipient | Amount |
|---|---|
SAKAKWEA MEDICAL CENTER HOSPICE PURPOSE: GENERAL | $150 |
AMNA SANCTUARY PURPOSE: GENERAL | $200 |
ALZHEIMER'S SAN DIEGO PURPOSE: GENERAL | $135 |
KEYSTONE COMMUNITY SERVICES PURPOSE: GENERAL | $200 |
WAKE FOREST UNIVERSITY PURPOSE: GENERAL | $250 |
VALLEY CROSSING ELEMENTARY PTA PURPOSE: GENERAL | $200 |