Form 990 for tax year 2022
Filed by WOMENS FOUNDATION OF MINNESOTA.
Totals
- Total revenue
- $11,550,455
- Total expenses
- $6,176,461
- Contributions and grants received
- $11,426,321
- Grants paid
- $2,388,067
- Program service revenue
- $0
- Investment income
- $121,751
- Other revenue
- $2,383
- Total assets, end of year
- $35,113,777
- Total liabilities, end of year
- $885,584
- Net assets or fund balances, end of year
- $34,228,193
- Program services expenses (Part IX)
- $4,982,388
- Management and general expenses
- $1,017,469
- Fundraising expenses
- $176,604
- Program service expenses (Part III)
- $4,982,388
Program services were 80.7% 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
$11,426,321
-
1g · Noncash contributions included above
$248,714
-
3 · Investment income
total $131,160 · unrelated business $9,392 · excluded $121,768
-
7a · Gross sales of assets other than inventory
securities $1,251,897
-
7b · Less cost or other basis and sales expenses
securities $1,261,306
-
7c · Gain or loss
securities -$9,409
-
7d · Net gain or loss
total -$9,409 · excluded -$9,409
-
11a · Other revenue: Other Income
total $2,383 · related or exempt $2,383
-
11e · Other revenue, total
$2,383
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $2,349,817 · program services $2,349,817
-
2 · Grants to domestic individuals
total $38,250 · program services $38,250
-
5 · Compensation of officers, directors and key employees
total $506,205 · program services $241,922 · management and general $227,788 · fundraising $36,495
-
7 · Other salaries and wages
total $1,665,494 · program services $1,359,460 · management and general $304,531 · fundraising $1,503
-
8 · Pension plan contributions
total $98,259 · program services $83,090 · management and general $15,169
-
9 · Other employee benefits
total $169,278 · program services $138,391 · management and general $30,887
-
10 · Payroll taxes
total $147,759 · program services $111,693 · management and general $33,451 · fundraising $2,615
-
11b · Fees: legal
total $760 · program services $380 · management and general $380
-
11c · Fees: accounting
total $28,675 · management and general $28,675
-
11e · Fees: professional fundraising services
total $109,500 · fundraising $109,500
-
11f · Fees: investment management
total $68,705 · management and general $68,705
-
11g · Fees: other
total $550,164 · program services $351,400 · management and general $172,601 · fundraising $26,163
-
12 · Advertising and promotion
total $2,866 · program services $2,866
-
13 · Office expenses
total $53,989 · program services $45,843 · management and general $8,146
-
14 · Information technology
total $25,254 · program services $19,402 · management and general $5,852
-
16 · Occupancy
total $122,979 · program services $94,482 · management and general $28,497
-
17 · Travel
total $22,111 · program services $2,693 · management and general $19,398 · fundraising $20
-
19 · Conferences, conventions and meetings
total $33,597 · program services $28,497 · management and general $4,792 · fundraising $308
-
22 · Depreciation, depletion and amortization
total $28,939 · program services $22,233 · management and general $6,706
-
23 · Insurance
total $9,866 · program services $7,580 · management and general $2,286
-
24a · Other expenses: Equipment
total $84,729 · program services $70,907 · management and general $13,822
-
24b · Other expenses: Staff Development
total $23,849 · program services $7,583 · management and general $16,266
-
24c · Other expenses: Dues/Subscriptions
total $11,344 · program services $5,899 · management and general $5,445
-
24e · All other expenses
total $24,072 · management and general $24,072
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $5,379,705 · end of year $10,357,249
-
3 · Pledges and grants receivable
beginning of year $258,952 · end of year $1,576,815
-
9 · Prepaid expenses and deferred charges
beginning of year $85,008 · end of year $81,476
-
10a · Land, buildings and equipment: cost or other basis
$415,013
-
10b · Land, buildings and equipment: accumulated depreciation
$367,711
-
10c · Land, buildings and equipment, net
beginning of year $49,689 · end of year $47,302
-
12 · Investments: other securities
beginning of year $23,814,789 · end of year $22,080,568
-
13 · Investments: program-related
beginning of year $1,500,000 · end of year $900,000
-
15 · Other assets
beginning of year $82,386 · end of year $70,367
-
17 · Accounts payable and accrued expenses
beginning of year $253,932 · end of year $225,443
-
18 · Grants payable
beginning of year $618,000 · end of year $660,141
-
27 · Net assets without donor restrictions
beginning of year $10,627,441 · end of year $11,339,765
-
28 · Net assets with donor restrictions
beginning of year $19,671,156 · end of year $22,888,428
Mission and programs · 2022
Mission
Women's Foundation of Minnesota is a statewide community foundation investing in innovation to drive gender and racial equity. WFMN maintains the diversity of multiracial and cultural perspectives in the service of its mission, governance, operations and processes.
Activities or mission (Part I)
To invest in innovation to drive gender and racial equity in Minnesota.
-
Withheld by Nonprofiteer: this text may name a private individual.
Expenses $3,355,951 · Grants $1,862,828
-
Research, Education, and Public PolicyStatus of Women and Girls in MinnesotaIn 2009, the Foundation launched the Status of Women & Girls in Minnesota (Status) research project in partnership with the University of Minnesota's Humphrey School's Center on Gender, Women, and Public Policy. Data specific to Minnesota women and girls has been gathered, analyzed, and published in economics, safety, health, and leadership. The Status research and community input expands the available data on women and girls, provides ongoing trend analysis, informs the Foundation's annual grantmaking and policy agenda, identifies new areas where research is needed, and raises public awareness about the needs of women and girls in Minnesota. Every two years, the Foundation releases the Status of Women and Girls in Minnesota, the most comprehensive data in the state on women, girls, and gender-expansive people as well as recommendations for policy solutions that could advance systemic change. Data collection has begun for the next report, released in early 2024.WFM leverages listening, research, and convening to inform the field, cross-sector engagement, policy advocacy, and investments. In addition to producing quantitative reports, we invest in listening to grantee-partners, advocates, and community leaders to better understand how disparities and solutions are experienced in distinct communities around the state, and to inform our own work and role in philanthropy. Through virtual listening sessions in the last fiscal year, WFM we met with Safety, girlsBEST, and YWI MN partners, disability and rural advocates, elders, male advocates, and alumni of WFM programs to continue building and sharing power and expanding our transparency about our processes. A summary of this listening series was captured in a graphic harvest that informs not only grantmaking processes, but also our emerging emphasis on using narrative change to drive systems change. Based on this convening series, we identified key narrative priorities in our impact areas of safety, reproductive justice and healing, and democratizing philanthropy that align with the social landscape and the concerns of our core stakeholders.Public PolicyAs a systems-change community foundation, WFM invests in policies and narratives that transform our state with gender and racial justice. In alignment with our strategic plan, WFM has increased investments in advocacy and policy as a lever for changing inequitable systems. We are committed to policies that remove barriers and increase access for women, girls, and gender-expansive people across Minnesota, by addressing racism, gender-based violence, and gaps in leadership and representation. Building on the Foundation's historical legislative work, WFM's legislative agenda advanced public policy in partnership with young women, gender-expansive people, and grantee-partner organizations. In the last fiscal year, WFM added a new role to reflect our increased emphasis on driving effective advocacy and policy change. Led by the vice president for strategic initiatives, we advanced a robust policy agenda at the Capitol, working with a hired lobbyist to carry a legislative agenda, mobilize the public, and increase the visibility and priorities of women, girls, gender-expansive people. WFM leaders, board, and Cabinet members testified on behalf of the WFM policy agenda for issues central to economic justice, safety, and reproductive justice, including Paid Family & Medical Leave, reproductive rights, and increased funding for Safe Harbor, the Office of Missing & Murdered Black Women & Girls, and the Office of Missing & Murdered Indigenous Relatives. The Governor-appointed Young Women's Cabinet created a comprehensive policy agenda and elected policy leaders to advance bills affecting their lives. To prepare for their advocacy, young women received rigorous policy training using a curriculum that centers people of color to engage in policy for systems change. Cabinet members were active in testifying, writing letters of support, and increasing awareness of their policy agenda issues.State & National PartnershipsWFM engages in collaborative funding and partnerships within Minnesota's foundation community dedicated to social change grantmaking. We are a member of several funder collaboratives, including the National Philanthropic Collaborative of Young Women's Initiatives, Women's Funding Network, Minnesota Council of Foundations, Reproductive Health Alliance, Grantmakers for Effective Organizations, and Mission Investors Exchange.
Expenses $450,041
-
Withheld by Nonprofiteer: this text may name a private individual.
Expenses $1,176,396 · Grants $525,239
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.
Listed in Part VII
-
Nevada Littlewolf
Chair
- Total calculated
- $0
- Hours/week
- 2
-
Chanda Smith Baker
Vice Chair
- Total calculated
- $0
- Hours/week
- 2
-
Debarati Sen
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
George Martin
Secretary
- Total calculated
- $0
- Hours/week
- 2
-
Brenda Quaye
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Anita Patel
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Adair Mosely
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Sandra Vargas
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Valerie Spencer
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Fatima Said
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Vanessa Goodthunder
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Katherine Hayes
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Ed Heisler
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Kris Maritz
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Rajni Shah
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Elizabeth Tolzmann
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Gloria Perez
President and CEO
- Total calculated
- $284,204
- From this org
- $250,361
- From related orgs
- $0
- Other
- $33,843
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $247,337
- Bonus
- $2,500
- Other
- $524
- Deferred
- $17,525
- Nontaxable benefits
- $16,317
- Filer's total
- $284,203
-
Heidi Walsh
VP Finance and Operations
- Total calculated
- $213,661
- From this org
- $175,953
- From related orgs
- $0
- Other
- $37,708
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $170,725
- Bonus
- $5,000
- Other
- $228
- Deferred
- $12,596
- Nontaxable benefits
- $25,112
- Filer's total
- $213,661
-
Chanida Potter
VP Narrative Change
- Total calculated
- $112,625
- From this org
- $109,891
- From related orgs
- $0
- Other
- $2,734
- Hours/week
- 40
-
Jennifer Lowman Day
Director Communications
- Total calculated
- $142,190
- From this org
- $114,946
- From related orgs
- $0
- Other
- $27,244
- Hours/week
- 40
-
LaCora Bradford Kesti
VP Community Impact
- Total calculated
- $124,202
- From this org
- $117,180
- From related orgs
- $0
- Other
- $7,022
- Hours/week
- 40
-
Elizabeth KingSr Dev and
Planned Giving Officer
- Total calculated
- $109,304
- From this org
- $102,156
- From related orgs
- $0
- Other
- $7,148
- Hours/week
- 40
-
Carolyn Van Nelson
Controller
- Total calculated
- $122,933
- From this org
- $106,208
- From related orgs
- $0
- Other
- $16,725
- Hours/week
- 40
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 survey or study
- 3 · Approval by the board or compensation committee
- 7 · Other non-fixed payments
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
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- Part I, Line 7
- Bonuses are determined annually based on, but not tied to, year-end financial results. The bonus is assigned based on the individual's impact in driving the work of the strategic plan forward. The President and CEO's bonus is determined by the board. All other bonuses are determined by the President and CEO.
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
-
Dunwoody College of Technology
$150,000
Program Support
-
Minnesota North College
$150,000
Program Support
-
Program Support and General Operating
-
$80,000
Program Support and General Operating
-
$69,116
Program Support
-
Program Support and General Operating
-
Program Support and General Operating
-
General Operating Support
-
$39,500
Program Support and General Operating
-
$37,000
General Operating Support
The 10 largest by cash amount. The API serves every itemized grant.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
Charitable Remainder Trust (2)
T · MN
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 25 September 2023
- IRS schema version
- 2022v5.0
- Source object
- 202322709349301247
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.