Civic Intelligence

Venn Foundation

990 • Fiscal year 2019 • EIN 81-4476503

Jan 01, 2019 to Dec 31, 2019 • Filed on Mar 24, 2020

Organization ProfileWWW.VENNFOUNDATION.ORG
1127 Barclay StreetSaint Paul, MN 55106

(612) 568-3204

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

32nd percentile

0.02x

Higher debt load relative to assets than 32% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

33rd percentile

0.03x

Higher debt load relative to revenue than 33% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

97th percentile

78%

Higher net margin than 97% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

49th percentile

$60,800

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 5.6% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

94th percentile

77%

Faster asset growth than 94% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

77th percentile

23%

Faster revenue growth than 77% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets32nd percentile

Assets

Up

$1,934,690

Up $842,188 (+77%) from 2018

Net Assets

Up

$1,899,843

Up $836,910 (+79%) from 2018

Liabilities

Up

$34,847

Up $5,278 (+18%) from 2018

Revenue And Expenses
Liabilities / Revenue33rd percentileNet Margin97th percentile

Revenue

Up

$1,078,950

Up $203,699 (+23%) from 2018

Expenses

Down

$242,040

Down $22,650 (-8.6%) from 2018

Net Income

Up

$836,910

Up $226,349 (+37%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth94th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0Assets 2017: $459,544Liabilities 2017: $7,172Net Assets 2017: $452,3722017Assets 2018: $1,092,502Liabilities 2018: $29,569Net Assets 2018: $1,062,9332018Assets 2019: $1,934,690Liabilities 2019: $34,847Net Assets 2019: $1,899,8432019Assets 2020: $4,402,895Liabilities 2020: $263,859Net Assets 2020: $4,139,0362020Assets 2021: $9,147,471Liabilities 2021: $1,264,651Net Assets 2021: $7,882,8202021Assets 2022: $15,660,826Liabilities 2022: $1,275,329Net Assets 2022: $14,385,4972022Assets 2023: $14,009,571Liabilities 2023: $1,279,927Net Assets 2023: $12,729,6442023Assets 2024: $19,207,391Liabilities 2024: $1,488,547Net Assets 2024: $17,718,8442024Assets 2025: $29,413,154Liabilities 2025: $1,546,345Net Assets 2025: $27,866,8092025

Highlighted filing

2019

Assets$1,934,690
Liabilities$34,847
Net Assets$1,899,843
Open 2019 Filing

Operations Trend

Revenue Growth77th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MRevenue 2017: $593,637Expenses 2017: $137,363Net Income 2017: $456,2742017Revenue 2018: $875,251Expenses 2018: $264,690Net Income 2018: $610,5612018Revenue 2019: $1,078,950Expenses 2019: $242,040Net Income 2019: $836,9102019Revenue 2020: $2,886,074Expenses 2020: $646,881Net Income 2020: $2,239,1932020Revenue 2021: $5,256,228Expenses 2021: $1,512,444Net Income 2021: $3,743,7842021Revenue 2022: $8,859,308Expenses 2022: $2,091,631Net Income 2022: $6,767,6772022Revenue 2023: $4,468,850Expenses 2023: $6,042,356Net Income 2023: -$1,573,5062023Revenue 2024: $7,088,292Expenses 2024: $1,848,427Net Income 2024: $5,239,8652024Revenue 2025: $11,842,464Expenses 2025: $1,685,264Net Income 2025: $10,157,2002025

Highlighted filing

2019

Revenue$1,078,950
Expenses$242,040
Net Income$836,910
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Mar 24, 2020
Return Version
2019v5.1
Gross Receipts
$1,078,950
Mission and Program Overview

Mission

To unleash the full power of program-related investments to achieve charitable impact.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$511,590$1,068,616▲ $557,026
Cash and Non-Interest-Bearing Accounts$575,090$827,205▲ $252,115
Accounts Receivable$3,373$34,961▲ $31,588
Prepaid Expenses and Deferred Charges$2,449$3,908▲ $1,459
Total Assets$1,092,502$1,934,690▲ $842,188
Liabilities
Accounts Payable and Accrued Expenses$29,569$34,847▲ $5,278
Total Liabilities$29,569$34,847▲ $5,278
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,003,306$1,877,112▲ $873,806
Net Assets With Donor Restrictions$59,627$22,731▼ $36,896
Total Net Assets Fund Balance$1,062,933$1,899,843▲ $836,910
Total Liabilities and Net Assets / Fund Balance$1,092,502$1,934,690▲ $842,188

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$15,135--
Compensation and Service Providers
Top Officer Pay49th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jeff OchsBoard President, SecretaryFT$53,600$7,200$60,800

Board Members and Trustees

NameTitle
Robert ScarlettBoard Chair
Michael DaiBoard Member
Susan SandsBoard Member
Jeanne VoigtBoard Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$998,801
Program Service Revenue
$72,847
Investment Income
$7,255
Other Revenue
$47
All Other Contributions
$998,801
Change in Net Assets
$836,910

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded4$26,966Fair Market Value (FMV)
Total Noncash Contributions4$26,966-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,078,950
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,078,950
Total Revenue per Form 990
$1,078,950
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$138,238
Other Expenses$78,802
Total Fundraising Expense$27,553
Grants and Similar Amounts Paid$25,000
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$86,240$24,000$18,000$128,240
Information Technology-$28,480-$28,480
Fees for Services Legal$11,531$6,747-$18,278
Grants to Domestic Individuals$15,135--$15,135
Fees for Services Accounting$175$10,763-$10,938
Payroll Taxes$6,895$1,773$1,330$9,998
Grants to Domestic Orgs$9,865--$9,865
Travel$4,420$918$3,556$8,894
Insurance-$3,529-$3,529
Fees for Services Management$843$966-$1,809
Occupancy$300$345$95$740
Conferences and Meetings--$346$346
Other Expenses$88$809$4,209$88
Advertising$31$15$17$63
Total Functional Expenses$136,142$78,345$27,553$242,040

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$242,040
Total Expenses per Audited Statements$242,040
Total Expenses per Form 990$242,040
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Minneapolis FoundationMinneapolis, MN501 (c)(3)Grant to Donor Advised Fund.$9,865
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No

Reported Spending and Taxes

Line ItemAmount
Political Expenditures$0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The return is prepared by the organization's independent accountant based on data provided by management. Once a draft return is available, it is provided to the governing body for review prior to filing.”

Form 990, Part VI, Section B, Line 12C

“The conflict of interest policy covers any director, principal officer, or member of a committee with governing board delegated powers. If a conflict of interest were to arise, the interested party is not present during the discussion and vote on the transaction or arrangement involving the possible conflict of interest. If this were to occur, it will be captured in the meeting minutes.”

Form 990, Part VI, Section B, Line 15A

“Using the minnesota nonprofit salary and benefits survey that took place in 2014, the executive officer's compensation is determined by the board of directors. The deliberation and decision is documented in the board of directors meeting minutes. The last year this took place was in 2018 for jeff ochs, president and ceo.”

Form 990, Part VI, Section C, Line 19

“The organization does not make the governing documents, conflict of interest policy, and financial statements available to the public.”

Form 990 Part VI, Section A, Line 8B

“The executive committee is at times granted full and complete authority of the board in the management of the business of the foundation.”

Filing and Contact Details

Filer

Filer Name
Venn Foundation
EIN
81-4476503
Phone
6125683204
Address
1127 BARCLAY STREET, SAINT PAUL, MN 55106

Signing Officer

Name
Jeff Ochs
Title
President & CEO
Phone
6125683204
Signed
2020-03-24

Organization Details

Principal Officer
Jeff Ochs
Formed
2016
Legal Domicile
Mn
Voting Board Members
5
Independent Board Members
4
Employees
2
Volunteers
2

Preparer

Firm
Cliftonlarsonallen Llp
Address
220 SOUTH SIXTH STREET SUITE 300, MINNEAPOLIS, MN 55402
Preparer
Jennifer Tingley
Phone
6123764500
Supplemental Narrative

Additional Explanations

Part XII, Line 2C

“The process has not changed from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“Venn foundation is exempt from federal and state income taxes under section 501(c)(3) of the internal revenue code and similar state income tax laws. The foundation is a public charity and contributions to the foundation qualifies as a charitable tax deduction by the contributor. The foundation's tax returns are subject to review and examination by federal, state and local authorities.”

Raw XML AppendixShowing 400 of 513 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt072847
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0998801
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0847233
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0593598
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02439632
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt07255
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt039
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt07294
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0100808
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt01336550
IRS990ScheduleA/SubstantialContributorsTotAmt01103082
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0998801
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0847233
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0593598
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02439632
IRS990ScheduleA/TotalSupportAmt02446926
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearAmt010724
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/TotalAmt010724
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearAmt042897
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/TotalAmt042897
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearAmt06686
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/TotalAmt06686
IRS990ScheduleC/GrassrootsCeilingAmt016086
IRS990ScheduleC/GrassrootsNontaxableGrp/FilingOrganizationsTotalAmt010724
IRS990ScheduleC/LobbyingCeilingAmt064346
IRS990ScheduleC/LobbyingNontaxableAmountGrp/FilingOrganizationsTotalAmt042897
IRS990ScheduleC/OtherExemptPurposeExpendGrp/FilingOrganizationsTotalAmt0207801
IRS990ScheduleC/PoliticalExpendituresAmt00
IRS990ScheduleC/Section4955ManagersTaxAmt00
IRS990ScheduleC/Section4955OrganizationTaxAmt00
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0IN 2019, VENN FOUNDATION'S DIRECTOR OF MINNESOTA AFTERSCHOOL ADVANCE, WHO IS A PAID STAFF MEMBER, ENGAGED IN INSUBSTANTIAL LOBBYING ACTIVITIES RELATED TO INTRODUCING AND ADVOCATING FOR NEW LEGISLATIONAT THE STATE OF MINNESOTA TO ADJUST THE EXISTING MINNESOTA EDUCATION TAX CREDIT (METC) STATUTE. THE PRIMARY STATUTORY CHANGE THAT VENN FOUNDATION IS ADVOCATING FOR IS AN INCREASE IN THE METC INCOME ELIGIBILITY LIMITS FOR MINNESOTA LOW-INCOME FAMILIES, WHICH HAS NOT BEEN INCREASED SINCE THE LAW WAS ORIGINALLY PASSED IN 1997. ACTIVITIES ENGAGED IN DURING THIS PERIOD INCLUDE RESEARCH ON THE HISTORY OF THE METC, OCCASIONAL MEETINGS WITH LEGISLATORS AND EXECUTIVE STAFF TO DISCUSS THE PROPOSED LEGISLATION, AND PREPARATION OF MATERIALS FOR THESE MEETINGS.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0PART II-A
IRS990ScheduleC/TotalDirectLobbyingGrp/FilingOrganizationsTotalAmt06686
IRS990ScheduleC/TotalExemptPurposeExpendGrp/FilingOrganizationsTotalAmt0214487
IRS990ScheduleC/TotalGrassrootsLobbyingGrp/FilingOrganizationsTotalAmt00
IRS990ScheduleC/TotalLobbyingExpendGrp/FilingOrganizationsTotalAmt06686
IRS990ScheduleC/TotLbbyExpendMnsLbbyngNonTxGrp/FilingOrganizationsTotalAmt00
IRS990ScheduleC/TotLbbyngGrassrootMnsNonTxGrp/FilingOrganizationsTotalAmt00
IRS990ScheduleC/VolunteerHoursCnt00
IRS990ScheduleD/DisclosedForCharitablePrpsInd01
IRS990ScheduleD/DisclosedOrgLegCtrlInd01
IRS990ScheduleD/DonorAdvisedFundsContriAmt0930031
IRS990ScheduleD/DonorAdvisedFundsGrantsAmt025000
IRS990ScheduleD/DonorAdvisedFundsHeldCnt048
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0242040
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/FundsAndOtherAccountsContriAmt068770
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0178165
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1105000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt2151650
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt3200200
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt450100
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt5510
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt6140830
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt754686
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt856385
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt9115955
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1015135
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0ASIYA LLC
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1FAMILY TREE, INC.
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2BINARY BRIDGE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3GREAT TEACHERS, INC.
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc4REFLECTION SCIENCES, INC.
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc5MAA LOAN FUND - 2018
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc6FAIR ANITA
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc7AUTHESS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc8NETZRO
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc9MN CHILDREN'S MUSEUM
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc10MAA LOAN FUND - 2019
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd3C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd4C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd5C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd6C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd7C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd8C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd9C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd10C
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01078950
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0VENN FOUNDATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SIMILAR STATE INCOME TAX LAWS. THE FOUNDATION IS A PUBLIC CHARITY AND CONTRIBUTIONS TO THE FOUNDATION QUALIFIES AS A CHARITABLE TAX DEDUCTION BY THE CONTRIBUTOR. THE FOUNDATION'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL, STATE AND LOCAL AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueProgramRltdAmt01068616
IRS990ScheduleD/TotalExpensesPerForm990Amt0242040
IRS990ScheduleD/TotalRevenuePerForm990Amt01078950
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01078950
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0242040
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt015135
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0MINNESOTA AFTERSCHOOL ADVANCE 0% PRIS.
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt00
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0TO ASSIST 44 CHILDREN IN ACCESSING AFTERSCHOOL PROGRAMS.
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt035
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0BOOK
IRS990ScheduleI/RecipientTable/CashGrantAmt09865
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501 (C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0GRANT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GRANT TO DONOR ADVISED FUND.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0MINNEAPOLIS FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientEIN0416029402
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt080 S 8TH ST STE 800
IRS990ScheduleI/RecipientTable/USAddress/CityNm0MINNEAPOLIS
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MN
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd055402
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0BOOK
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/Form8283ReceivedCnt00
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt04
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt026966
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE RETURN IS PREPARED BY THE ORGANIZATION'S INDEPENDENT ACCOUNTANT BASED ON DATA PROVIDED BY MANAGEMENT. ONCE A DRAFT RETURN IS AVAILABLE, IT IS PROVIDED TO THE GOVERNING BODY FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CONFLICT OF INTEREST POLICY COVERS ANY DIRECTOR, PRINCIPAL OFFICER, OR MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS. IF A CONFLICT OF INTEREST WERE TO ARISE, THE INTERESTED PARTY IS NOT PRESENT DURING THE DISCUSSION AND VOTE ON THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. IF THIS WERE TO OCCUR, IT WILL BE CAPTURED IN THE MEETING MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2USING THE MINNESOTA NONPROFIT SALARY AND BENEFITS SURVEY THAT TOOK PLACE IN 2014, THE EXECUTIVE OFFICER'S COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS. THE DELIBERATION AND DECISION IS DOCUMENTED IN THE BOARD OF DIRECTORS MEETING MINUTES. THE LAST YEAR THIS TOOK PLACE WAS IN 2018 FOR JEFF OCHS, PRESIDENT AND CEO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION DOES NOT MAKE THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE EXECUTIVE COMMITTEE IS AT TIMES GRANTED FULL AND COMPLETE AUTHORITY OF THE BOARD IN THE MANAGEMENT OF THE BUSINESS OF THE FOUNDATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990 PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5PART XII, LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0AL

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,934,690
Liabilities
$34,847
Net assets
$1,899,843
Revenue
$1,078,950
Expenses
$242,040
Net income
$836,910
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$29.4$1.55$27.9$11.8$1.69$10.2
2024Detailed filing. Detailed filing data is available for this year.$19.2$1.49$17.7$7.09$1.85$5.24
2023Detailed filing. Detailed filing data is available for this year.$14.0$1.28$12.7$4.47$6.04$1.57
2022Detailed filing. Detailed filing data is available for this year.$15.7$1.28$14.4$8.86$2.09$6.77
2021Detailed filing. Detailed filing data is available for this year.$9.15$1.26$7.88$5.26$1.51$3.74
2020Detailed filing. Detailed filing data is available for this year.$4.40$0.26$4.14$2.89$0.65$2.24
2019Detailed filing. Detailed filing data is available for this year.$1.93$0.03$1.90$1.08$0.24$0.84
2018Detailed filing. Detailed filing data is available for this year.$1.09$0.03$1.06$0.88$0.26$0.61
2017Detailed filing. Detailed filing data is available for this year.$0.46$0.01$0.45$0.59$0.14$0.46