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← SHELTERING ARMS FOUNDATION

Form 990 for tax year 2024

Filed by SHELTERING ARMS FOUNDATION.

Totals

Total revenue
$1,374,471
Total expenses
$949,035
Contributions and grants received
$266,562
Grants paid
$599,000
Program service revenue
$0
Investment income
$1,107,909
Other revenue
$0
Total assets, end of year
$16,541,369
Total liabilities, end of year
$554,651
Net assets or fund balances, end of year
$15,986,718
Program services expenses (Part IX)
$749,342
Management and general expenses
$193,185
Fundraising expenses
$6,508
Program service expenses (Part III)
$749,342

Program services were 79.0% 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

    $266,562

  • 3 · Investment income

    total $516,197 · excluded $516,197

  • 7a · Gross sales of assets other than inventory

    securities $2,975,615

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

    securities $2,383,903

  • 7c · Gain or loss

    securities $591,712

  • 7d · Net gain or loss

    total $591,712 · excluded $591,712

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $599,000 · program services $599,000

  • 5 · Compensation of officers, directors and key employees

    total $171,729 · program services $86,895 · management and general $82,086 · fundraising $2,748

  • 10 · Payroll taxes

    total $10,353 · program services $5,238 · management and general $4,950 · fundraising $165

  • 11c · Fees: accounting

    total $16,975 · management and general $16,975

  • 11f · Fees: investment management

    total $55,510 · management and general $55,510

  • 11g · Fees: other

    total $24,278 · program services $14,354 · management and general $9,795 · fundraising $129

  • 13 · Office expenses

    total $9,824 · program services $3,961 · management and general $5,177 · fundraising $686

  • 14 · Information technology

    total $14,849 · program services $12,750 · management and general $600 · fundraising $1,499

  • 16 · Occupancy

    total $12,420 · program services $6,285 · management and general $5,937 · fundraising $198

  • 19 · Conferences, conventions and meetings

    total $4,687 · program services $2,372 · management and general $2,240 · fundraising $75

  • 22 · Depreciation, depletion and amortization

    total $1,417 · program services $718 · management and general $678 · fundraising $21

  • 24a · Other expenses: PROFESSIONAL DEVELOPMENT

    total $10,669 · program services $9,717 · management and general $753 · fundraising $199

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $7,357 · program services $5,780 · management and general $1,577

  • 24c · Other expenses: MISCELLANEOUS EXPENSE

    total $4,877 · management and general $4,761 · fundraising $116

  • 24d · Other expenses: SPECIAL EVENTS

    total $4,490 · program services $2,272 · management and general $2,146 · fundraising $72

  • 24e · All other expenses

    total $600 · fundraising $600

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $31,419 · end of year $32,598

  • 2 · Savings and temporary cash investments

    beginning of year $71,386 · end of year $71,842

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,161 · end of year $3,062

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

    $12,801

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

    $10,952

  • 10c · Land, buildings and equipment, net

    beginning of year $3,266 · end of year $1,849

  • 11 · Investments: publicly traded securities

    beginning of year $13,871,915 · end of year $14,745,269

  • 15 · Other assets

    beginning of year $1,610,270 · end of year $1,686,749

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,165 · end of year $2,651

  • 18 · Grants payable

    beginning of year $551,500 · end of year $552,000

  • 27 · Net assets without donor restrictions

    beginning of year $13,425,482 · end of year $14,299,969

  • 28 · Net assets with donor restrictions

    beginning of year $1,610,270 · end of year $1,686,749

Mission and programs · 2024

Mission

"THE SHELTERING ARMS FOUNDATION INVESTS IN THE LIVES OF MINNESOTAS CHILDREN TO HELP THEM REACH THEIR FULL POTENTIAL. THE FOUNDATION FUNDS NOT-FOR-PROFIT ORGANIZATIONS AND SUPPORTS POLICIES THAT BENEFIT CHILDREN AND THEIR FAMILIES WHO HAVE THE LEAST ACCESS TO RESOURCES."

  • THE SHELTERING ARMS FOUNDATION (SAF) PROVIDED GRANTS AND SUPPORTING SERVICES TO 73 ORGANIZATIONS, WHICH PROVIDED SERVICES TO AND/OR PROMOTED THE WELFARE OF DISADVANTAGED CHILDREN IN THE STATE OF MINNESOTA. IN ADDITION, THE FOUNDATION TAKES LEADERSHIP IN ORGANIZING OTHER NOT-FOR- PROFIT ORGANIZATIONS WITH SIMILAR GOALS. THE PURPOSE OF COLLABORATION IS TO EDUCATE EACH OTHER, LEGISLATORS AND THE PUBLIC ON THE NEED FOR EARLY CHILDHOOD EDUCATION AND THE IMPORTANCE OF HIGH QUALITY AND CULTURALLY APPROPRIATE OUT-OF-SCHOOL TIME ACTIVITIES.

    Expenses $749,342 · Grants $599,000

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Diane Grossman

    EXECUTIVE DI

    Total calculated
    $159,391
    From this org
    $127,860
    From related orgs
    $0
    Other
    $31,531
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $127,860
    Bonus
    not reported
    Other
    not reported
    Deferred
    $4,059
    Nontaxable benefits
    $27,472
    Filer's total
    $159,391

  • Cynthia Swan

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1.5

  • Heidi Kim

    PRESIDENT EL

    Total calculated
    $0
    Hours/week
    0.5

  • Cathy Cella

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Browyn Skov

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Sue Bizal

    BOARD TRUSTE

    Total calculated
    $0
    Hours/week
    0.5

  • Laura Capaldini

    BOARD TRUSTE

    Total calculated
    $0
    Hours/week
    0.5

  • Nancy Diener

    BOARD TRUSTE

    Total calculated
    $0
    Hours/week
    0.5

  • Esther Garubanda

    BOARD TRUSTE

    Total calculated
    $0
    Hours/week
    0.5

  • Susan Gillette

    BOARD TRUSTE

    Total calculated
    $0
    Hours/week
    0.5

  • Ifeyinwa Ikegwuani

    BOARD TRUSTE

    Total calculated
    $0
    Hours/week
    0.5

  • Emily Reichenbach

    BOARD TRUSTE

    Total calculated
    $0
    Hours/week
    0.5

  • Lisa Westberg

    BOARD TRUSTE

    Total calculated
    $0
    Hours/week
    0.5

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. 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

  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Compensation survey or study

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

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.0
Source object
202503239349300905

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

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