Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $137,550

• 1f · All other contributions, gifts and grants

  $2,898,004

• 1g · Noncash contributions included above

  $230,307

• 3 · Investment income

  total $141,962 · excluded $141,962

• 8a · Fundraising events: gross income

  $90,044

• 8a · Fundraising events: contributions included on line 1c

  $137,550

• 8b · Fundraising events: direct expenses

  $22,601

• 8c · Net income from fundraising events

  total $67,443 · excluded $67,443

• 9a · Gaming: gross income

  $63,341

• 9b · Gaming: direct expenses

  $0

• 9c · Net income from gaming

  total $63,341 · excluded $63,341

• 10a · Gross sales of inventory

  $446,201

• 10b · Cost of goods sold

  $148,918

• 10c · Net income from sales of inventory

  total $297,283 · excluded $297,283

• 11a · Other revenue: MISCELLANEOUS REVENUE

  total $50 · excluded $50

• 11e · Other revenue, total

  $50

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,216,874 · program services $1,216,874

• 5 · Compensation of officers, directors and key employees

  total $131,575 · program services $43,419 · management and general $23,684 · fundraising $64,472

• 7 · Other salaries and wages

  total $368,702 · program services $119,326 · management and general $67,930 · fundraising $181,446

• 8 · Pension plan contributions

  total $31,309 · program services $11,090 · management and general $4,498 · fundraising $15,721

• 9 · Other employee benefits

  total $84,141 · program services $29,939 · management and general $11,887 · fundraising $42,315

• 10 · Payroll taxes

  total $45,754 · program services $16,014 · management and general $6,863 · fundraising $22,877

• 11c · Fees: accounting

  total $59,411 · management and general $59,411

• 11g · Fees: other

  total $34,569 · program services $16,860 · management and general $11,295 · fundraising $6,414

• 13 · Office expenses

  total $35,755 · program services $2,721 · management and general $12,473 · fundraising $20,561

• 17 · Travel

  total $774 · management and general $504 · fundraising $270

• 19 · Conferences, conventions and meetings

  total $239 · fundraising $239

• 22 · Depreciation, depletion and amortization

  total $103 · program services $36 · management and general $15 · fundraising $52

• 23 · Insurance

  total $5,222 · management and general $3,960 · fundraising $1,262

• 24a · Other expenses: MATERIALS

  total $136,839 · program services $539 · management and general $24,076 · fundraising $112,224

• 24b · Other expenses: SPECIAL EVENT EXPENSES

  total $62,737 · fundraising $62,737

• 24c · Other expenses: BANK CHARGES

  total $43,567 · management and general $43,567

• 24d · Other expenses: SALES TAXES

  total $23,661 · program services $23,661

• 24e · All other expenses

  total $52,461 · program services $4,954 · management and general $20,817 · fundraising $26,690

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $754,900 · end of year $284,227

• 2 · Savings and temporary cash investments

  beginning of year $2,351,376 · end of year $3,745,157

• 3 · Pledges and grants receivable

  beginning of year $344,729 · end of year $195,882

• 4 · Accounts receivable

  beginning of year $930 · end of year $0

• 8 · Inventories for sale or use

  beginning of year $6,616 · end of year $3,744

• 9 · Prepaid expenses and deferred charges

  beginning of year $17,183 · end of year $13,758

• 10a · Land, buildings and equipment: cost or other basis

  $6,813

• 10b · Land, buildings and equipment: accumulated depreciation

  $6,437

• 10c · Land, buildings and equipment, net

  beginning of year $479 · end of year $376

• 11 · Investments: publicly traded securities

  beginning of year $1,700,705 · end of year $2,317,719

• 17 · Accounts payable and accrued expenses

  beginning of year $117,266 · end of year $130,064

• 27 · Net assets without donor restrictions

  beginning of year $2,525,570 · end of year $3,003,367

• 28 · Net assets with donor restrictions

  beginning of year $2,534,082 · end of year $3,427,432

The filer's explanations (Part III)

PART I, LINE 3

THE FOUNDATION USES THE MINNESOTA COUNCIL OF NONPROFITS ANNUAL SALARY SURVEY FOR COMPARISON. THE EXECUTIVE DIRECTOR PERFORMANCE AND SALARY REVIEW IS CONDUCTED BY THE BOARD OF DIRECTOR'S EXECUTIVE COMMITTEE.