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← SHELTERING ARMS FOUNDATION

Form 990 for tax year 2023

Filed by SHELTERING ARMS FOUNDATION.

Totals

Total revenue
$1,752,791
Total expenses
$960,157
Contributions and grants received
$57,822
Grants paid
$586,500
Program service revenue
$0
Investment income
$1,694,919
Other revenue
$50
Total assets, end of year
$15,591,417
Total liabilities, end of year
$555,665
Net assets or fund balances, end of year
$15,035,752
Program services expenses (Part IX)
$741,556
Management and general expenses
$210,559
Fundraising expenses
$8,042
Program service expenses (Part III)
$741,556

Program services were 77.2% 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

    $57,822

  • 3 · Investment income

    total $473,249 · excluded $473,249

  • 7a · Gross sales of assets other than inventory

    securities $9,861,882

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

    securities $8,640,212

  • 7c · Gain or loss

    securities $1,221,670

  • 7d · Net gain or loss

    total $1,221,670 · excluded $1,221,670

  • 11a · Other revenue: OTHER REVENUE

    total $50 · excluded $50

  • 11e · Other revenue, total

    $50

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $586,500 · program services $586,500

  • 5 · Compensation of officers, directors and key employees

    total $165,834 · program services $75,438 · management and general $86,814 · fundraising $3,582

  • 10 · Payroll taxes

    total $9,946 · program services $4,524 · management and general $5,207 · fundraising $215

  • 11c · Fees: accounting

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

  • 11f · Fees: investment management

    total $54,162 · management and general $54,162

  • 11g · Fees: other

    total $22,416 · program services $12,670 · management and general $9,542 · fundraising $204

  • 13 · Office expenses

    total $5,473 · program services $2,015 · management and general $3,362 · fundraising $96

  • 14 · Information technology

    total $14,660 · program services $10,500 · management and general $2,661 · fundraising $1,499

  • 16 · Occupancy

    total $40,015 · program services $18,203 · management and general $20,948 · fundraising $864

  • 19 · Conferences, conventions and meetings

    total $4,310 · program services $1,961 · management and general $2,256 · fundraising $93

  • 22 · Depreciation, depletion and amortization

    total $1,418 · program services $645 · management and general $742 · fundraising $31

  • 24a · Other expenses: UNANTICIPATED EXPENSES

    total $11,856 · program services $11,406 · management and general $450

  • 24b · Other expenses: PROFESSIONAL DEVELOPMENT

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

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $7,940 · program services $6,001 · management and general $1,939

  • 24d · Other expenses: SPECIAL EVENTS

    total $4,344 · program services $1,976 · management and general $2,274 · fundraising $94

  • 24e · All other expenses

    total $3,639 · management and general $2,474 · fundraising $1,165

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $42,042 · end of year $31,419

  • 2 · Savings and temporary cash investments

    beginning of year $72,410 · end of year $71,386

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,203 · end of year $3,161

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

    $14,300

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

    $11,034

  • 10c · Land, buildings and equipment, net

    beginning of year $4,684 · end of year $3,266

  • 11 · Investments: publicly traded securities

    beginning of year $13,219,227 · end of year $13,871,915

  • 15 · Other assets

    beginning of year $1,559,101 · end of year $1,610,270

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,212 · end of year $4,165

  • 18 · Grants payable

    beginning of year $544,000 · end of year $551,500

  • 27 · Net assets without donor restrictions

    beginning of year $12,795,354 · end of year $13,425,482

  • 28 · Net assets with donor restrictions

    beginning of year $1,559,101 · end of year $1,610,270

Mission and programs · 2023

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 65 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 $741,556 · Grants $586,500

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

Listed in Part VII

  • Diane Grossman

    EXECUTIVE DI

    Total calculated
    $142,953
    From this org
    $116,410
    From related orgs
    $0
    Other
    $26,543
    Hours/week
    40

  • 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
    2.5

  • Browyn Skov

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Sarah Babbitt

    BOARD TRUSTE

    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

  • Cecily Cutshall

    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

  • Joan Gudorf

    BOARD TRUSTE

    Total calculated
    $0
    Hours/week
    0.5

  • Ifeyinwa Ikegwuani

    BOARD TRUSTE

    Total calculated
    $0
    Hours/week
    0.5

  • Elise Lewis

    BOARD TRUSTE

    Total calculated
    $0
    Hours/week
    0.5

  • Emily Reichenbach

    BOARD TRUSTE

    Total calculated
    $0
    Hours/week
    0.5

  • Kathy Schweikart

    BOARD TRUSTE

    Total calculated
    $0
    Hours/week
    0.5

  • Lisa Westberg

    BOARD TRUSTE

    Total calculated
    $0
    Hours/week
    0.5

  • Katie White

    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.

Grants on this return

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

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.0
Source object
202403209349313760

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

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