Constellation Fund
- Assets
- $8.6m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 11
- Location
- Minneapolis, MN
- Founding
- 11/2018
- Data as of
- 06/2022
- EIN
- 82-4027046
Organization Overview
Constellation Fund is located in Minneapolis, MN. The organization was established in 2018. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, Constellation Fund employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Constellation Fund 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 06/2022, Constellation Fund generated $5.2m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $5.9m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Constellation Fund has awarded 145 individual grants totaling $11,592,996. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
FIGHT POVERTY IN THE TWIN CITIES BY RAISING THE LIVING STANDARDS OF INDIVIDUALS LIVING BELOW THE POVERTY LINE IN OUR SEVEN-COUNTY METROPOLITAN AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CONSTELLATION FUND IS BUILT TO HARNESS THE INCISIVE POWER OF MODERN ANALYTICS ALONGSIDE ON-THE-GROUND INSIGHTS TO ALLOCATE PRECIOUS PHILANTHROPIC RESOURCES TO THE PEOPLE AND PARTNERS CREATING THE MOST IMPACT IN THE FIGHT AGAINST POVERTY IN THE TWIN CITIES. WE USE QUANTITATIVE METRICS ALONGSIDE QUALITATIVE ANALYSIS TO SELECT OUR GRANTEE PARTNERS. OUR METRICS ARE BUILT USING THE BEST AVAILABLE EVIDENCE WHICH ALLOWS CONSTELLATION TO RELIABLY PROJECT THE LONG-TERM QUALITY-OF-LIFE IMPACT OF POVERTY-FIGHTING SERVICES RESULTING IN BENEFIT-COST RATIO USED TO HELP OBJECTIVELY BUILD A PORTFOLIO OF THE MOST IMPACTFUL NONPROFITS ACROSS A BROAD SPECTRUM OF PROGRAMS AND INTERVENTIONS. IN FISCAL YEAR 2022, THIS APPROACH LED CONSTELLATION TO INVEST OVER $3.2 MILLION INTO 31 POVERTY-FIGHTING NONPROFITS WORKING ACROSS FOUR IMPACT AREAS - EDUCATION, EMPLOYMENT, HEALTH, AND HOUSING. CONSTELLATION'S EVIDENCE-DRIVEN ANALYSIS ESTIMATES THAT THESE NONPROFITS WILL TURN EVERY DOLLAR OF THAT INVESTMENT INTO AN AVERAGE OF $4.70 OF LIFETIME HEALTH AND INCOME IMPROVEMENTS FOR INDIVIDUALS AND FAMILIES EXPERIENCING POVERTY IN OUR COMMUNITY. THE AVERAGE PROJECTED IMPACT OF THE NONPROFITS RECEIVING CONSTELLATION FUNDING LAST YEAR WAS CLOSE TO TRIPLE THE $1.51-TO-1 FOR ALL OTHER ORGANIZATIONS THAT WE EVALUATED IN 2021.THE CONSTELLATION FUND IS STRENGTHENING THE WORK OF OUR SIGNATURE PARTNERSHIP PROGRAM, BEYOND DOLLARS. LAUNCHED AS A PILOT IN 2019, BEYOND DOLLARS CREATES SKILLS-BASED PRO BONO OPPORTUNITIES THROUGH CURATED TEAMS OF VOLUNTEER EMPLOYEES FROM FORTUNE 500 TO MID-SIZED COMPANIES, WHO DELIVER UNPARALLELED CAPACITY-BUILDING SERVICES TO OUR GRANTEES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Petersen Chief Advancement Officer | Officer | 40 | $136,126 |
Jose Diaz Pdd Chief Impact Officer | Officer | 40 | $112,000 |
Kathryn Genereux Chief Partnerships Officer | Officer | 40 | $103,273 |
Saanii Hernandez Chief Operating Officer | Officer | 40 | $42,850 |
Andrew Dayton Ceo, Secretary, Treasurer | OfficerTrustee | 40 | $0 |
Lynne Redleaf Board Member | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $245,000 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,148,175 |
| Noncash contributions included in lines 1a–1f | $508,501 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,393,175 |
| Total Program Service Revenue | $0 |
| Investment income | $629 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $567 |
| Net Income from Fundraising Events | -$232,725 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,161,859 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,465,000 |
| 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. | $571,744 |
| Compensation of current officers, directors, key employees. | $88,049 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $544,175 |
| Pension plan accruals and contributions | $9,802 |
| Other employee benefits | $39,095 |
| Payroll taxes | $77,087 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,183 |
| Fees for services: Accounting | $37,243 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $54,733 |
| Advertising and promotion | $5,621 |
| Office expenses | $4,605 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $55,611 |
| Travel | $7,956 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,270 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,380 |
| All other expenses | $879 |
| Total functional expenses | $5,946,951 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $156,284 |
| Savings and temporary cash investments | $4,518,236 |
| Pledges and grants receivable | $3,621,568 |
| Accounts receivable, net | $1,374 |
| 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 | $13,801 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $254,078 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,738 |
| Total assets | $8,581,079 |
| Accounts payable and accrued expenses | $16,411 |
| Grants payable | $1,170,000 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| 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 | $1,186,411 |
| Net assets without donor restrictions | $464,065 |
| Net assets with donor restrictions | $6,930,603 |
| 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 | $8,581,079 |
Grants Awarded
Over the last fiscal year, Constellation Fund has awarded $4,465,000 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
Minneapolis, MN PURPOSE: Programmatic funding to support the YMCA of the North's Youth and Family Services program | $400,000 |
Minneapolis, MN PURPOSE: General operating support | $400,000 |
St Paul, MN PURPOSE: General operating support | $300,000 |
Golden Valley, MN PURPOSE: Programmatic funding to support Jewish Family and Children's Service of Minneapolis' ParentChild+ program | $300,000 |
Minneapolis, MN PURPOSE: Programmatic funding to support Project for Pride in Living's Career Pathways program | $300,000 |
Minneapolis, MN PURPOSE: General operating support | $250,000 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Constellation Fund has recieved totaling $241,000.
| Awarding Organization | Amount |
|---|---|
Art Of Youth Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $100,000 |
Dougherty Family Foundation Wayzata, MN PURPOSE: GENERAL OPERATING FUND | $100,000 |
Rose Francis Foundation Minneapolis, MN PURPOSE: GENERAL OPERATING | $25,000 |
Albright Foundation Edina, MN PURPOSE: CHARITABLE | $10,000 |
Ellie Holden Foundation Wayzata, MN PURPOSE: FURTHER THE MISSION OF THE ORGANIZATION TO FIGHT RACIAL OPPRESSION. | $5,000 |
Ronald And Janet Schutz Family Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Worth County Development Authority Northwood, IA | $8,240,749 | $6,157,684 |
Constellation Fund Minneapolis, MN | $8,581,079 | $5,161,859 |
Washington County Riverboat Foundation Washington, IA | $2,209,057 | $4,844,569 |
Catholic United Financial Foundation St Paul, MN | $37,486,034 | $6,021,022 |
Seeds Of Change Foundation Sioux Falls, SD | $998,757 | $2,484,573 |
Fond Du Lac Area Foundation Fond Du Lac, WI | $72,661,560 | $12,050,578 |
John Herr Foundation Tr Fairfield, IA | $3,532,679 | $2,035,740 |
Raymond And Marie Goldbach Foundation Inc Marathon, WI | $27,008,832 | $2,753,618 |
National Institute Forpharmaceutical Technology And Educa Minneapolis, MN | $1,296,895 | $1,189,720 |
Wctc Foundation Inc Pewaukee, WI | $8,998,700 | $2,844,099 |
Make-A-Wish Foundation Of North Dakota Fargo, ND | $6,281,245 | $1,489,265 |
Palo Alto County Gaming Development Corporation Emmetsburg, IA | $4,291,314 | $1,958,710 |