Totals
- Total revenue
- $874,011
- Total expenses
- $651,042
- Contributions and grants received
- $870,835
- Grants paid
- $139,997
- Program service revenue
- $0
- Investment income
- $474
- Other revenue
- $2,702
- Total assets, end of year
- $1,259,804
- Total liabilities, end of year
- $115,916
- Net assets or fund balances, end of year
- $1,143,888
- Program services expenses (Part IX)
- $424,889
- Management and general expenses
- $62,622
- Fundraising expenses
- $163,531
- Program service expenses (Part III)
- $424,889
Program services were 65.3% 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.
-
1c · Fundraising events
$374,363
-
1f · All other contributions, gifts and grants
$496,472
-
1g · Noncash contributions included above
$1,631
-
3 · Investment income
total $474 · excluded $474
-
8a · Fundraising events: gross income
$181,727
-
8a · Fundraising events: contributions included on line 1c
$374,363
-
8b · Fundraising events: direct expenses
$181,727
-
8c · Net income from fundraising events
total $0
-
11a · Other revenue: OTHER INCOME
total $2,702 · related or exempt $2,702
-
11e · Other revenue, total
$2,702
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $139,997 · program services $139,997
-
5 · Compensation of officers, directors and key employees
total $161,062 · program services $88,584 · management and general $20,938 · fundraising $51,540
-
7 · Other salaries and wages
total $108,555 · program services $59,705 · management and general $14,112 · fundraising $34,738
-
9 · Other employee benefits
total $446 · program services $245 · management and general $58 · fundraising $143
-
10 · Payroll taxes
total $20,178 · program services $11,098 · management and general $2,623 · fundraising $6,457
-
11g · Fees: other
total $145,224 · program services $86,678 · management and general $13,616 · fundraising $44,930
-
12 · Advertising and promotion
total $16,042 · program services $8,798 · management and general $2,080 · fundraising $5,164
-
13 · Office expenses
total $50,607 · program services $27,834 · management and general $6,579 · fundraising $16,194
-
17 · Travel
total $5,368 · program services -$10 · management and general $2,153 · fundraising $3,225
-
22 · Depreciation, depletion and amortization
total $1,100 · program services $605 · management and general $143 · fundraising $352
-
24a · Other expenses: MISCELLANEOUS
total $2,463 · program services $1,355 · management and general $320 · fundraising $788
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $629,713 · end of year $804,877
-
2 · Savings and temporary cash investments
beginning of year $300,812 · end of year $377,221
-
3 · Pledges and grants receivable
beginning of year $10,463 · end of year $5,000
-
9 · Prepaid expenses and deferred charges
beginning of year $25,197 · end of year $23,332
-
10a · Land, buildings and equipment: cost or other basis
$9,451
-
10b · Land, buildings and equipment: accumulated depreciation
$2,814
-
10c · Land, buildings and equipment, net
beginning of year $1,959 · end of year $6,637
-
15 · Other assets
beginning of year $1,879 · end of year $42,737
-
17 · Accounts payable and accrued expenses
beginning of year $6,480 · end of year $11,129
-
18 · Grants payable
beginning of year $42,626 · end of year $63,352
-
25 · Other liabilities
beginning of year $0 · end of year $41,435
-
27 · Net assets without donor restrictions
beginning of year $820,917 · end of year $817,588
-
28 · Net assets with donor restrictions
beginning of year $100,000 · end of year $326,300
Mission and programs · 2022
Mission
THE ANN BANCROFT FOUNDATION INSPIRES AND ENCOURAGES GIRLS TO IMAGINE SOMETHING BIGGER. WE STRIVE TO BUILD CONFIDENCE AND OFFER TOOLS THAT WILL ALLOW A GIRL TO GO AFTER HER DREAMS AND FEEL SUPPORTED ALONG THE WAY. THROUGH GRANTS, MENTORSHIP, AND ONGOING DEVELOPMENT OPPORTUNITIES, THE ANN BANCROFT FOUNDATION IS GIVING MINNESOTA GIRLS STRENGTH TO ACHIEVE THEIR FULL POTENTIAL.
Activities or mission (Part I)
THE ANN BANCROFT FOUNDATION ENVISIONS A WORLD IN WHICH ALL WHO IDENTIFY AS A GIRL HAVE A CHANCE TO LIVE THEIR DREAMS AND REACH THEIR FULL POTENTIAL. WE ACHIEVE OUR MISSION BY PROVIDING GRANTS, MENTORSHIP, AND ONGOING DEVLOPMENT K-12 GIRLS IN MN.
-
HEADQUARTERED IN ST. PAUL, MINNESOTA, THE ANN BANCROFT FOUNDATION CONTINUES TO PROVIDE GRANTS (PAIRED WITH MENTORSHIP) AND DEVELOPMENT TOOLS TO K-12 GIRLS ACROSS MINNESOTA. IN 2022, THE ANN BANCROFT FOUNDATION AWARDED 307 GRANTS, AN INCREASE FROM 202 IN 2021, TO SUPPORT GIRLS TO CONTINUE DREAMING, PURSUING THOSE DREAMS, AND DEVELOPING SKILLS THAT FOSTER FUTURE SUCCESS. ADDITIONALLY, THE ANN BANCROFT FOUNDATION PROVIDED VIRTUAL PROGRAMMING TO YOUTH GIRLS TO FACILITATE CONNECTION AND PEER LEARNING.
Expenses $424,889 · Grants $139,997 · Revenue $2,702
-
IN 2022, ANN BANCROFT FOUNDATION LAUNCHED A SECOND GRANT PROGRAM, TRAILBLAZER FELLOWSHIP TO ALLOW PREVIOUS GRANTEES (TRAILBLAZERS) WHO ARE CURRENTLY IN 9TH TO 12TH GRADE TO APPLY FOR A NEW GRANT TO FUND A DREAM AS A HEAD START ON THEIR ROAD TO INDEPENDENCE, COLLEGE, AND CAREER.THE TRAILBLAZER FELLOWSHIP EXPERIENCE PREPARES TRAILBLAZERS TO DREAM BOLDER AS THEY PREPARE FOR THE NEXT STAGE AFTER HIGH SCHOOL, DEEPENING SIGNIFICANT GAINS IN THEIR ABILITY TO SUCCEED. THE INAUGURAL 2022 TRAILBLAZER FELLOWSHIP IS A COHORT EXPERIENCE ALLOWING FOR INDIVIDUAL GRANTS UP TO $2500 PAIRED WITH A NETWORK OF SUPPORT AND DEVELOPMENT OPPORTUNITIES THROUGH CONNECTIONS TO MENTORS, COHORT FELLOWS, AND OTHER SERVICES TO FUEL DREAMING AND TURN THOSE DREAMS INTO REALITIES.THE APPLICATION PROCESS IS COMPETITIVE, INCLUDING A FINAL ROUND INTERVIEW WITH THE EXECUTIVE DIRECTOR. 30 ALUMS APPLIED FOR THE INAUGURAL 2022 TRAILBLAZER PROGRAM.
-
GIVEN COMPLETE STAFF TURNOVER IN 2021 COUPLED WITH ITS 25TH ANNIVERSARY IN 2022, THE ANN BANCROFT FOUNDATION ALSO ENGAGED IN A YEAR-LONG STRATEGIC PLANNING PROCESS IN 2022. THE PLANNING PROCESS INCLUDED LISTENING SESSIONS WITH GRANTEES, INTERVIEWS WITH SUPPORTERS AND VOLUNTEERS, AND SURVEYS TO STRATEGIC PARTNERS, INCLUDING ACTIVITY PROVIDERS. THE BOARD OF DIRECTORS OF THE ANN BANCROFT FOUNDATION APPROVED A NEW ADAPTIVE STRATEGIC PLAN IN DECEMBER 2022 WITH A FOCUS ON THREE KEY GOALS: 1) STRENGHTEN KEY APPROACHES OF GRANTMAKING, MENTORSHIP, AND ONGOING DEVELOPMENT OPPORTUNITIES; 2) BUILD A POWERFUL NARRATIVE PRACTICE TO AMPLIFY AND CELEBRATE STORIES OF IMPACT AND INSPIRATION; AND 3) GROW FINANCIAL AND ORGANIZATIONAL SUSTAINABILITY.
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
AMY BERGSTROM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
AMY WATTERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ANALEISHA VANG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ANN BANCROFT
FOUNDER
- Total calculated
- $0
- Hours/week
- 1
-
CARLEY KNOX
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JACKIE HARTMAN
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
KARI KEHR-DZIEWECZYNSKI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
LAURA FINGERSON
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
JADE DENSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
SARA KILIAN
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
SHARON OLSON
DIRECTOR EMERITUS
- Total calculated
- $0
- Hours/week
- 1
-
LEE VUE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
PLENETTE PIERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
KELLY MCNAMARA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ETHELIND B KABA
EXECUTIVE DIRECTOR
- Total calculated
- $161,062
- From this org
- $160,500
- From related orgs
- $0
- Other
- $562
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $160,500
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $562
- Filer's total
- $161,062
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
Answered yes
- 2 · Substantiation required before reimbursing expenses
- 3 · Written employment contract
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 9 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202303139349304910
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