Clb Foundation
- Assets
- $8.8m
- Revenue
- $356.6k
- Investments
- $7.9m
- Employees
- 0
- Location
- Excelsior, MN
- Founding
- 07/2016
- Data as of
- 12/2021
- EIN
- 81-1617742
Organization Overview
Clb Foundation is located in Excelsior, MN. The organization was established in 2016. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Clb 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 12/2021, Clb Foundation generated $356.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (41.3%) each year. All expenses for the organization totaled $277.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Clb Foundation has awarded 47 individual grants totaling $1,836,900. 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 |
|---|---|---|---|
Carolynn Krings Director | 5.5 | $17,055 | |
Carl R Bergquist President/treasurer | 1 | $0 | |
Elizabeth Bergquist Vice President | 1 | $0 | |
Beverly Nielsen Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $352,781 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,857 |
| Capital Gain Net Income | $3,857 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $356,638 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $17,055 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $600 |
| Interest | $0 |
| Taxes | $3,080 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $980 |
| Total operating and administrative expenses | $27,715 |
| Contributions, gifts, grants paid | $250,000 |
| Total expenses and disbursements | $277,715 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $415,739 |
| Savings and temporary cash investments | $449,646 |
| 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 | $23,398 |
| Total assets | $8,803,121 |
| 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, Clb Foundation has awarded $250,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
JOSHUA ONE EIGHT PURPOSE: HIGHERTREK | $50,000 |
Minneapolis, MN PURPOSE: FUND OUTREACH PROGRAMS | $50,000 |
Chaska, MN PURPOSE: CHRISTIAN EDUCATION FUNDING | $50,000 |
SISTERS RISING WORLDWIDE PURPOSE: FUNDING TO ADDRESS POVERTY WORLDWIDE | $50,000 |
DEER CREEK COMMUNITY CHURCH PURPOSE: DISCOVERY MINISTRY | $20,000 |
Minneapolis, MN PURPOSE: FUND GRANT PROGRAM | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Childrens Cancer Research Fund Minneapolis, MN | $16,189,103 | $22,272,354 |
Dakota Medical Charities Fargo, ND | $81,107,368 | $3,853,049 |
Holl Trust B Presbyterian Home Milwaukee, WI | $34,163,292 | $4,097,383 |
Impact Foundation Fargo, ND | $5,033,144 | $2,597,194 |
Venn Foundation Saint Paul, MN | $9,147,471 | $5,256,228 |
Givemn Minneapolis, MN | $1,195,446 | $1,190,324 |
Northwoods Interfaith Volunteer Caregivers Program Bemidji, MN | $21,563 | $852,324 |
Wisconsin Philanthropy Network Inc Milwaukee, WI | $894,082 | $720,344 |
Faegre Baker Daniels Foundation Minneapolis, MN | $786,187 | $1,305,193 |
Rebuilding Together Greater Des Des Moines, IA | $108,508 | $525,974 |
Garden Gate Ranch Inc Indianola, IA | $724,390 | $753,347 |
Badgers United Inc Middleton, WI | $314,742 | $561,354 |