Form 990 for tax year 2022

Totals

Total revenue

$6,538,143

Total expenses

$5,318,413

Contributions and grants received

$6,778,970

Grants paid

$3,480,000

Program service revenue

$0

Investment income

-$6,901

Other revenue

-$233,926

Total assets, end of year

$9,015,015

Total liabilities, end of year

$400,617

Net assets or fund balances, end of year

$8,614,398

Program services expenses (Part IX)

$4,350,717

Management and general expenses

$411,697

Fundraising expenses

$555,999

Program service expenses (Part III)

$4,350,717

Program services were 81.8% 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.

Mission and programs · 2022

• The Constellation Fund is built to harness the incisive power of modern analytics alongside on-the-ground insights to allocate precious philanthropic resources to the people and partners creating the most impact in the fight against poverty in the Twin Cities. We use quantitative metrics alongside qualitative analysis to select our grantee partners. Our metrics are built using the best available evidence to develop metrics that allow Constellation to reliably project the long-term quality-of-life impact of poverty-fighting services resulting in a benefit-cost ratio used to help objectively build a portfolio of the most impactful nonprofits across a broad spectrum of programs and interventions. In fiscal year 2023, this approach led Constellation to invest over $3.2 million into 31 poverty-fighting nonprofits working across four impact areas education, employment, health, and housing. Constellation's evidence-driven analysis projects that these nonprofits will turn every dollar of that investment into an average of $4.70 of lifetime health and income improvements for individuals and families experiencing poverty in our community. The average projected impact of the nonprofits receiving Constellation funding last year was more than three times greater than the average of $1.51-to-1 for all other organizations that we evaluated in 2021.The Constellation Fund continues to expand the reach of our signature capacity building program, Beyond Dollars. Beyond Dollars creates best-in-class pro bono experiences through curated teams of volunteer employees from Fortune 500 corporations to mid-sized companies, who deliver unparalleled capacity-building services to our impactful nonprofit partners.

  Expenses $4,350,717 · Grants $3,480,000

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

• Neighborhood Development Center Inc

  $400,000

  General operating support

• Southside Family Nurturing Center

  $200,000

  General operating support

• Summit Academy OIC

  $200,000

  General operating support

• Repowered

  $175,000

  General operating support

• Montessori American Indian Childcare Center

  $160,000

  General operating support

• Alliance Housing

  $150,000

  General operating support

• Annex Teen Clinic

  $150,000

  General operating support

• Banyan Community

  $150,000

  General operating support

• Project for Pride in Living

  $150,000

  Programmatic funding to support Project for Pride in Living's Career Pathways program

• Wallin Education Partners

  $150,000

  Programmatic funding to support operating expenses for college advising

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type

form_990

Tax year

2022

Filed

5 December 2023

IRS schema version

2022v5.0

Source object

202333559349301218

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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