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Nonprofiteer
← THE EDINA COMMUNITY FOUNDATION

Form 990 for tax year 2023

Filed by THE EDINA COMMUNITY FOUNDATION.

Totals

Total revenue
$810,870
Total expenses
$803,984
Contributions and grants received
$715,879
Grants paid
$554,159
Program service revenue
$57,285
Investment income
$37,706
Other revenue
$0
Total assets, end of year
$1,130,678
Total liabilities, end of year
$9,735
Net assets or fund balances, end of year
$1,120,943
Program services expenses (Part IX)
$712,178
Management and general expenses
$24,671
Fundraising expenses
$67,135
Program service expenses (Part III)
$712,178

Program services were 88.6% 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

    $715,879

  • 2a · Program service revenue: 4TH JULY PARADE

    total $55,070 · related or exempt $55,070

  • 2b · Program service revenue: CONNECTING WITH KIDS

    total $2,215 · related or exempt $2,215

  • 3 · Investment income

    total $37,706 · excluded $37,706

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $554,159 · program services $554,159

  • 5 · Compensation of officers, directors and key employees

    total $42,000 · program services $26,040 · management and general $4,200 · fundraising $11,760

  • 7 · Other salaries and wages

    total $65,332 · program services $40,506 · management and general $6,533 · fundraising $18,293

  • 10 · Payroll taxes

    total $8,419 · program services $5,220 · management and general $842 · fundraising $2,357

  • 12 · Advertising and promotion

    total $371 · program services $145 · management and general $96 · fundraising $130

  • 13 · Office expenses

    total $1,269 · program services $495 · management and general $328 · fundraising $446

  • 16 · Occupancy

    total $6,000 · program services $2,340 · management and general $1,560 · fundraising $2,100

  • 22 · Depreciation, depletion and amortization

    total $1,454 · program services $567 · management and general $378 · fundraising $509

  • 23 · Insurance

    total $3,294 · program services $1,285 · management and general $856 · fundraising $1,153

  • 24a · Other expenses: PROGRAM SERVICE EXPENSE

    total $67,014 · program services $67,014

  • 24b · Other expenses: PROFESSIONAL FEES

    total $24,817 · program services $9,679 · management and general $6,452 · fundraising $8,686

  • 24c · Other expenses: COMMUNITY SUPPORT EVENT

    total $15,886 · fundraising $15,886

  • 24d · Other expenses: OTHER GENERAL AND OFFIC

    total $5,623 · program services $2,192 · management and general $1,465 · fundraising $1,966

  • 24e · All other expenses

    total $8,346 · program services $2,536 · management and general $1,961 · fundraising $3,849

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $140,255 · end of year $69,346

  • 3 · Pledges and grants receivable

    beginning of year $86,245 · end of year $119,393

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,008 · end of year $4,850

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

    $10,166

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

    $5,566

  • 10c · Land, buildings and equipment, net

    beginning of year $6,052 · end of year $4,600

  • 12 · Investments: other securities

    beginning of year $883,960 · end of year $932,489

  • 17 · Accounts payable and accrued expenses

    beginning of year $15,265 · end of year $7,413

  • 25 · Other liabilities

    beginning of year $2,057 · end of year $2,322

  • 27 · Net assets without donor restrictions

    beginning of year $229,032 · end of year $190,788

  • 28 · Net assets with donor restrictions

    beginning of year $873,166 · end of year $930,155

Mission and programs · 2023

Mission

THE MISSION OF THE EDINA COMMUNITY FOUNDATION IS TO BRING PEOPLE TOGETHER TO SERVE, STRENGTHEN AND SUPPORT THE EDINA COMMUNITY.

Activities or mission (Part I)

THE FOUNDATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES, EXCLUSIVELY FOR THE BENEFIT OF THE EDINA COMMUNITY.

  • PROVIDE A CENTRAL SOURCE FOR RECEIVING GIFTS AND MAKING GRANTS FOR THE BENEFIT OF THE CITY OF EDINA AND OTHER LOCAL CIVIC GROUPS.

    Expenses $645,164 · Grants $554,158

  • PROVIDE PROGRAMS AND CELEBRATIONS TO ENHANCE THE EDINA COMMUNITY. PROGRAMS INCLUDED JULY 4TH PARADE, CONNECTING WITH KIDS, EDINA CHALLENGE, EDINA DIALOGUE AND, CHARITABLE PARTNER SERVICES.

    Expenses $67,014 · Revenue $57,285

As filed on the 2023 return.

Listed in Part VII

  • Afira Hasan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Bradley Johnson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • David Alkire

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jasmine Brett Stringer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jim Hovland

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jim Nelson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sandra Bodeau

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Alison Briggs

    EXECUTIVE DIRECTOR

    Total calculated
    $36,250
    From this org
    $36,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    25

  • Caroline Correia

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Richard Olson

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

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

  • IKOLA CUP

    $106,554

    SUPPORT FOR HOCKEY PROGRAMS AND SCHOLARSHIPS

  • REGIONAL COUNCIL OF MAYORS

    $71,703

    SUPPORT THE REGIONAL COUNCIL'S OF MAYORS

  • MN SLED HOCKEY ASSOCIATION

    $63,116

    SUPPORT THE MN SLED'S HOCKEY ASSOCIATION

  • LAKERS FOOTBALL BOOSTERS

    $53,712

    SUPPORT FOR THE LAKERS' FOOTBALL BOOSTER

  • MN WILD DEAFHOH HOCKEY

    $39,954

    SUPPORT THE MN WILD'S DEAF HOH HOCKEY

  • MN BLIND HOCKEY

    $29,159

    SUPPORT FOR DIABLED HOCKEY PLAYERS

  • EDINA SENIOR CLASS PARTY

    $26,848

    SUPPORT FOR EDINA SENIOR CLASS

  • TERRY ANDERSON MEMORIAL FUND

    $26,662

    SUPPORT THE TERRY ANDERSON'S MEMORIAL FUND

  • BOWL HOLE INC

    $22,072

    SUPPORT FOR BOWEL HOLE INC

  • EDINA PARK AND RECREATION

    $15,490

    SUPPORT FOR EDINA PARK AND REC

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

Provenance

Return type
form_990
Tax year
2023
Filed
10 February 2025
IRS schema version
2023v6.0
Source object
202530419349301888

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