Totals
- Total revenue
- $1,129,449
- Total expenses
- $136,518
- Contributions and grants received
- $1,121,674
- Grants paid
- $16,571
- Program service revenue
- $1,423
- Investment income
- $6,352
- Other revenue
- $0
- Total assets, end of year
- $1,132,136
- Total liabilities, end of year
- $2,903
- Net assets or fund balances, end of year
- $1,129,233
- Program services expenses (Part IX)
- $52,869
- Management and general expenses
- $46,634
- Fundraising expenses
- $37,015
- Program service expenses (Part III)
- $52,869
Program services were 38.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$1,121,674
-
2a · Program service revenue: SERVICE FEE INCOME
total $1,423 · related or exempt $1,423
-
3 · Investment income
total $5,222 · excluded $5,222
-
7a · Gross sales of assets other than inventory
securities $608,101
-
7b · Less cost or other basis and sales expenses
securities $606,971
-
7c · Gain or loss
securities $1,130
-
7d · Net gain or loss
total $1,130 · excluded $1,130
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $16,571 · program services $16,571
-
5 · Compensation of officers, directors and key employees
total $33,190 · program services $10,925 · management and general $11,338 · fundraising $10,927
-
10 · Payroll taxes
total $1,936 · program services $631 · management and general $673 · fundraising $632
-
11c · Fees: accounting
total $180 · management and general $180
-
11f · Fees: investment management
total $350 · management and general $350
-
11g · Fees: other
total $69,546 · program services $23,171 · management and general $23,202 · fundraising $23,173
-
12 · Advertising and promotion
total $1,092 · program services $100 · management and general $192 · fundraising $800
-
13 · Office expenses
total $2,803 · program services $432 · management and general $1,880 · fundraising $491
-
14 · Information technology
total $4,500 · program services $250 · management and general $4,000 · fundraising $250
-
16 · Occupancy
total $2,250 · management and general $2,250
-
24a · Other expenses: REPAIRS AND MAINTENANCE
total $1,955 · program services $685 · management and general $600 · fundraising $670
-
24b · Other expenses: DUES AND SUBSCRIPTIONS
total $1,809 · management and general $1,809
-
24e · All other expenses
total $336 · program services $104 · management and general $160 · fundraising $72
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $394,481
-
2 · Savings and temporary cash investments
beginning of year $115,785 · end of year $59,272
-
3 · Pledges and grants receivable
end of year $222,454
-
11 · Investments: publicly traded securities
end of year $455,929
-
17 · Accounts payable and accrued expenses
end of year $2,903
-
27 · Net assets without donor restrictions
beginning of year $115,785 · end of year $906,779
-
28 · Net assets with donor restrictions
end of year $222,454
Mission and programs · 2023
Mission
TO DEVELOP, MANAGE, AND ADMINISTER FINANCIAL RESOURCES TO PROMOTE AND ENHANCE THE QUALITY OF LIFE FOR THE GREATER FARIBAULT COMMUNITY.
-
THE FOUNDATION IS ON A MISSION TO IMPROVE THE QUALITY OF LIFE IN FARIBAULT THROUGH THE GENEROSITY OF DONORS. THIS MEANS GROWING THE COMMUNITY FOUNDATION AND USING GRANTS FROM THE MAJORITY OF THE FOUNDATION'S FUNDS TO BETTER THE FARIBAULT COMMUNITY. CURRENTLY, THE MOST SIGNIFICANT ACTIVITIES ARE TRYING TO GROW THE FOUNDATION'S ASSETS UNDER MANAGEMENT AND EDUCATE THE COMMUNITY ON WHAT THE FOUNDATION CAN DO TO HELP. THE FOUNDATION PROVIDED GRANTS TO 12 ORGANIZATIONS DURING THE YEAR.
Expenses $52,869 · Grants $16,571 · Revenue $1,423
As filed on the 2023 return.
Listed in Part VII
-
NATALIA MEDOZA-ORR
PRESIDENT (RESIGNED)
- Total calculated
- $0
- Hours/week
- 1
-
CHAD KOEPKE
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
TODD MARKMAN
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
CHRISTINE SHAFFER-BROWN
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
STEVE KOHL
DIRECTOR (RESIGNED)
- Total calculated
- $0
- Hours/week
- 1
-
MIKE RICHIE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
REV COLIN MALTBIE
DIRECTOR (RESIGNED)
- Total calculated
- $0
- Hours/week
- 1
-
PAT GUSTAFSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
CHAD WOLFF
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JEFF JANDRO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
LAURA BOCK
EXECUTIVE DIRECTOR
- Total calculated
- $16,990
- From this org
- $16,990
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
KYMN ANDERSON
EXEC DIR(JAN-OCT)/ADMIN ASST(OCT-DEC)
- Total calculated
- $16,200
- From this org
- $16,200
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 11 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202402889349300200
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.