Skip to content
Nonprofiteer
← MINNESOTA MILITARY FAMILY FOUNDATION

Form 990 for tax year 2023

Filed by MINNESOTA MILITARY FAMILY FOUNDATION.

Totals

Total revenue
$1,500,868
Total expenses
$686,457
Contributions and grants received
$1,244,274
Grants paid
$647,683
Program service revenue
$0
Investment income
$266,994
Other revenue
-$10,400
Total assets, end of year
$10,103,909
Total liabilities, end of year
$27,500
Net assets or fund balances, end of year
$10,076,409
Program services expenses (Part IX)
$647,683
Management and general expenses
$38,774
Fundraising expenses
$0
Program service expenses (Part III)
$647,683

Program services were 94.4% 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

    $265,535

  • 1e · Government grants (contributions)

    $449,301

  • 1f · All other contributions, gifts and grants

    $529,438

  • 3 · Investment income

    total $202,606 · excluded $202,606

  • 7a · Gross sales of assets other than inventory

    securities $7,008,940

  • 7b · Less cost or other basis and sales expenses

    securities $6,944,552

  • 7c · Gain or loss

    securities $64,388

  • 7d · Net gain or loss

    total $64,388 · excluded $64,388

  • 8a · Fundraising events: gross income

    $15,600

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

    $265,535

  • 8b · Fundraising events: direct expenses

    $26,000

  • 8c · Net income from fundraising events

    total -$10,400 · excluded -$10,400

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $647,683 · program services $647,683

  • 11c · Fees: accounting

    total $8,582 · management and general $8,582

  • 11f · Fees: investment management

    total $20,266 · management and general $20,266

  • 13 · Office expenses

    total $9,926 · management and general $9,926

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $277,494 · end of year $275,199

  • 3 · Pledges and grants receivable

    end of year $50,585

  • 11 · Investments: publicly traded securities

    beginning of year $8,240,392 · end of year $9,778,125

  • 19 · Deferred revenue

    beginning of year $25,000 · end of year $27,500

  • 24 · Unsecured notes and loans payable

    beginning of year $1,825 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $8,491,061 · end of year $10,076,409

Mission and programs · 2023

Mission

THE PURPOSE OF THE FOUNDATION IS TO PROVIDE TIMELY FINANCIAL ASSISTANCE TO DEPLOYED AND CURRENTLY SERVING MINNESOTA MILITARY PERSONNEL AND THEIR FAMILIES, WHO HAVE A FINANCIAL CRISIS THAT IS NOT SUPPORTED BY EXISTING STATE OR FEDERAL PROGRAMS.

Activities or mission (Part I)

TO PROVIDE FINANCIAL SUPPORT TO MEMBERS OF THE NATIONAL GUARD AND ARMED FORCES.

  • MINNESOTA MILITARY FAMILY FOUNDATION (THE FOUNDATION) IS A COMMUNITY-SUPPORTED FUND FOUNDED IN NOVEMBER 2004. CONTRIBUTIONS ARE MADE BY PEOPLE WHO UNDERSTAND THAT THERE ARE MANY SACRIFICES THAT MILITARY FAMILIES MAKE AND WANT TO HELP SOFTEN THE FINANCIAL HARDSHIPS THAT MAY OCCUR, ESPECIALLY WHEN A FAMILY MEMBER IS DEPLOYED, BY PROVIDING A FINANCIAL SAFETY NET. THE FOUNDATION DISTRIBUTES MONEY, THROUGH GRANTS, TO MINNESOTA MILITARY FAMILIES THAT NEED HELP. THE FOUNDATION WORKS CLOSELY WITH THE SOLDIER AND FAMILY READINESS SPECIALISTS (SFRS). THE SFRS COMMUNICATES DIRECTLY WITH MILITARY MEMBERS AND THEIR FAMILIES. THEY DIRECT REQUEST TO THE FOUNDATION AND PROVIDE DETAILS OF THE SERVICE MEMBERS' FINANCIAL NEEDS. THE FOUNDATION PAYS MORTGAGE PAYMENTS, RENTS, UTILITIES, CAR PAYMENTS, MEDICAL BILLS AND OTHER NEEDS ON BEHALF OF THE SERVICE MEMBERS.

    Expenses $647,683 · Grants $647,683

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Bill Popp

    PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • Jon Trost

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    4

  • Tim Kennedy

    SECRETARY/EXECUTIVE DIRECT

    Total calculated
    $0
    Hours/week
    15

  • Susan Kennedy

    TREASURER

    Total calculated
    $0
    Hours/week
    20

  • Dennis Angell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • James Carey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • David Hamlar

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Tom Jenkins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2.5

  • Tom Lyons

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • Jason Burley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Tim McElroy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2.5

  • Tom Hokr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

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
17 July 2024
IRS schema version
2023v5.1
Source object
202442049349300949

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.