Minerva Foundation
- Assets
- $22.2m
- Revenue
- $231.8k
- Investments
- $7.1m
- Employees
- 0
- Location
- Berkeley, CA
- Founding
- 08/1984
- Data as of
- 12/2022
- EIN
- 94-2940281
Organization Overview
Minerva Foundation is located in Berkeley, CA. The organization was established in 1984. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Minerva 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, Minerva Foundation generated $231.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.6% each year . All expenses for the organization totaled $574.4k during the year ending 12/2022. While expenses have increased by 3.7% per year over the past 7 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
MINERVA FOUNDATION IS A NOT-FOR-PROFIT, CHARITABLE FOUNDATION, DEDICATED TO PROMOTING ORIGINAL AND CHALLENGING APPROACHES TO THE STUDY OF THE VISUAL BRAIN.THE FOUNDATION ENCOURAGES ORIGINAL RESEARCH WHICH LEADS TO THE UNDERSTANDING OF BRAIN AND VISUAL FUNCTION, AND RECOGNIZE THIS EFFORT THROUGH OUR ANNUAL GOLDEN BRAIN AWARD. WE ALSO HOLD AN INTERNATIONAL CONFERENCE ON NEUROESTHETICS TO SHED LIGHT ON THE ELUSIVE EXPERIENCE OF BOTH THE CREATOR AND THE BEHOLDER OF ART IN ALL ITS POSSIBLE FORMS. EACH YEAR MINERVA FOUNDATION CONFERS A GOLDEN BRAIN ON AN INVESTIGATOR IN THE FOREFRONT OF RESEARCH FOR ORIGINAL DISCOVERY OF SIGNIFICANT FINDINGS OF VISION AND THE BRAIN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tamia Marg Anderson President | 20 | $0 | |
Richard Buxbaum Treas/sect | 1 | $0 | |
Lila Crutchfield Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,133 |
| Interest on Savings | $0 |
| Dividends & Interest | $90,340 |
| Net Rental Income | -$15,738 |
| Net Gain on Sale of Assets | $126,194 |
| Capital Gain Net Income | $126,194 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,200 |
| Total Revenue | $231,761 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $159,976 |
| Pension plans, employee benefits | $30,733 |
| Interest | $0 |
| Taxes | $13,119 |
| Depreciation | $61,311 |
| Occupancy | $123,389 |
| Travel, conferences, and meetings | $20,193 |
| Printing and publications | $56 |
| Other expenses | $108,558 |
| Total operating and administrative expenses | $574,356 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $574,356 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $91,828 |
| Savings and temporary cash investments | $113,285 |
| 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 | $4,776,072 |
| Net Land, buildings, and equipment | $2,505,019 |
| Other assets | $12,372,228 |
| Total assets | $22,156,526 |
| Accounts payable and accrued expenses | $37,421 |
| 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 | $4,504 |
| Total liabilities | $41,925 |