Nvent Foundation
- Assets
- $2.3m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 07/2019
- Data as of
- 12/2022
- EIN
- 83-1741820
Organization Overview
Nvent Foundation is located in Minneapolis, MN. The organization was established in 2019. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Nvent 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, Nvent Foundation generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 61.9% each year . All expenses for the organization totaled $592.2k during the year ending 12/2022. While expenses have increased by 18.2% per year over the past 4 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 2020, Nvent Foundation has awarded 91 individual grants totaling $1,505,050. 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 |
|---|---|---|---|
Lynnette Heath Vice President | 0.5 | $0 | |
Beth Wozniak President | 0.5 | $0 | |
Sara Zawoyski Treasurer | 0.5 | $0 | |
Jon Lammers Secretary | 0.5 | $0 | |
Beth Shuman Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,092,256 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,092,256 |
| 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 | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $4,956 |
| Contributions, gifts, grants paid | $587,256 |
| Total expenses and disbursements | $592,212 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,227 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $2,342,000 |
| 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 | $0 |
| Total assets | $2,344,227 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $342,000 |
| 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 | $342,000 |
Grants Awarded
Over the last fiscal year, Nvent Foundation has awarded $793,214 in support to 48 organizations.
| Grant Recipient | Amount |
|---|---|
Charleston, SC PURPOSE: EMPLOYEE MATCH PROGRAM | $110,256 |
Spring Lake Park, MN PURPOSE: SUPPORT STEM EMPLOYMENT ASSISTANCE | $65,000 |
Spring Lake Park, MN PURPOSE: SUPPORT STEM EMPLOYMENT ASSISTANCE | $45,000 |
Charleston, SC PURPOSE: EMPLOYEE MATCH PROGRAM | $35,958 |
Charleston, SC PURPOSE: EMPLOYEE MATCH PROGRAM | $32,000 |
Spring Lake Park, MN PURPOSE: RISE GRANT | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Childrens Fund Inc Neenah, WI | $1,153,019 | $79,562,043 |
Ghr Foundation Minneapolis, MN | $0 | $118,752,892 |
Alfred And Isabel Bader 2014 Charitable Trust Milwaukee, WI | $88,717,556 | $62,553,918 |
Goodman Family Operating Foundation Chaska, MN | $298,216,479 | $15,439,155 |
Robert And Adele Schiff Family Foundation Inc Milwaukee, WI | $226,331,394 | $18,541,997 |
Wca Foundation C/O The Minneapolis Foundation Minneapolis, MN | $0 | $1,050,329 |
Esther And Harold Mertz Foundation Sioux Falls, SD | $674,132,608 | $21,835,940 |
Larson Foundation Sioux Falls, SD | $23,259,212 | -$633,184 |
John T Vucurevich Foundation Rapid City, SD | $151,565,692 | $20,798,188 |
Fund For Wisconsin Scholars Inc Madison, WI | $273,321,225 | $22,010,196 |
Pohlad Family Foundation Minneapolis, MN | $102,001,164 | $18,381,775 |
Roy J Carver Charitable Tr Muscatine, IA | $235,043,756 | $22,231,044 |