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Nonprofiteer
← MINNESOTA BLACK COLLECTIVE FOUNDATION

Form 990 for tax year 2025

Filed by MINNESOTA BLACK COLLECTIVE FOUNDATION.

Totals

Total revenue
$2,317,894
Total expenses
$2,377,746
Contributions and grants received
$2,216,392
Grants paid
$733,000
Program service revenue
$0
Investment income
$101,102
Other revenue
$400
Total assets, end of year
$4,997,135
Total liabilities, end of year
$48,273
Net assets or fund balances, end of year
$4,948,862
Program services expenses (Part IX)
$1,890,916
Management and general expenses
$316,667
Fundraising expenses
$170,163
Program service expenses (Part III)
$1,890,916

Program services were 79.5% 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

    $2,216,392

  • 3 · Investment income

    total $101,734 · excluded $101,734

  • 7a · Gross sales of assets other than inventory

    securities $30,344

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

    securities $30,976

  • 7c · Gain or loss

    securities -$632

  • 7d · Net gain or loss

    total -$632 · excluded -$632

  • 11d · All other revenue

    total $400 · excluded $400

  • 11e · Other revenue, total

    $400

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $366,500 · program services $366,500

  • 2 · Grants to domestic individuals

    total $366,500 · program services $366,500

  • 5 · Compensation of officers, directors and key employees

    total $470,364 · program services $301,102 · management and general $95,645 · fundraising $73,617

  • 7 · Other salaries and wages

    total $98,488 · program services $63,849 · management and general $18,935 · fundraising $15,704

  • 8 · Pension plan contributions

    total $2,138 · program services $1,277 · management and general $559 · fundraising $302

  • 9 · Other employee benefits

    total $5,860 · program services $3,501 · management and general $1,532 · fundraising $827

  • 10 · Payroll taxes

    total $39,400 · program services $25,491 · management and general $7,534 · fundraising $6,375

  • 11a · Fees: management

    total $232,202 · program services $225,027 · management and general $1,115 · fundraising $6,060

  • 11b · Fees: legal

    total $1,258 · management and general $1,258

  • 11c · Fees: accounting

    total $100,774 · management and general $100,774

  • 11e · Fees: professional fundraising services

    total $15,475 · fundraising $15,475

  • 11f · Fees: investment management

    total $26 · management and general $26

  • 11g · Fees: other

    total $242,555 · program services $162,114 · management and general $45,982 · fundraising $34,459

  • 13 · Office expenses

    total $12,956 · program services $7,347 · management and general $3,124 · fundraising $2,485

  • 14 · Information technology

    total $18,417 · program services $11,073 · management and general $4,782 · fundraising $2,562

  • 16 · Occupancy

    total $9,000 · program services $5,754 · management and general $1,896 · fundraising $1,350

  • 17 · Travel

    total $8,860 · program services $5,178 · management and general $3,618 · fundraising $64

  • 19 · Conferences, conventions and meetings

    total $350,377 · program services $336,017 · management and general $6,372 · fundraising $7,988

  • 23 · Insurance

    total $4,921 · program services $238 · management and general $4,683

  • 24a · Other expenses: Board and Staff Develop

    total $25,198 · program services $5,355 · management and general $16,974 · fundraising $2,869

  • 24b · Other expenses: Dues and Publications

    total $5,326 · program services $4,500 · management and general $800 · fundraising $26

  • 24e · All other expenses

    total $1,151 · program services $93 · management and general $1,058

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $714,797 · end of year $1,239,951

  • 2 · Savings and temporary cash investments

    beginning of year $3,094,886 · end of year $2,185,935

  • 3 · Pledges and grants receivable

    beginning of year $1,336,156 · end of year $540,446

  • 9 · Prepaid expenses and deferred charges

    beginning of year $9,148 · end of year $14,848

  • 11 · Investments: publicly traded securities

    end of year $1,015,955

  • 17 · Accounts payable and accrued expenses

    beginning of year $42,825 · end of year $28,273

  • 18 · Grants payable

    beginning of year $110,000 · end of year $20,000

  • 27 · Net assets without donor restrictions

    beginning of year $2,314,071 · end of year $3,105,044

  • 28 · Net assets with donor restrictions

    beginning of year $2,688,091 · end of year $1,843,818

Mission and programs · 2025

Mission

Our mission is to build Black philanthropic power to strengthen the ecosystem of Black-led social, political, and economic change in Minnesota and beyond.

  • MN Legal Education, Advocacy, and Defense (MN LEAD): We facilitate, support, and inspire the philanthropic, non-profit, and social impact field to be in power-shifting solidarity to realize the promise of racial justice. We partner with renowned organizations to advance systems change through data, relationships, and networks. In 2025, The Collective expanded the MN LEAD initiative, a multiracial effort to build a strong, interconnected ecosystem that proactively addresses legal challenges to race-conscious grantmaking, programs, and activities. MN LEAD helps shape narratives, provide education, and support strategic efforts for racial justice for nonprofit organizations throughout MN.

    Expenses $747,107 · Grants $254,375

  • New Suns Fellowship: Since inception, the Collective has been committed to supporting the genius of Black leaders. Through the New Suns Fellowship, we create one-of-a-kind experiences designed to sustain the well-being of leaders as they build resilient organizations, contribute to a connected ecosystem, and build a movement for Black-led Change. Fellowships include flexible funding for well-being, sustainability, and readiness to lead. Retreats and convenings offer immersive spaces for reflection, strategic planning, and community-building. Fellows also serve as a brain trust of advisors to the Collective, guiding responsive organizing and philanthropic investments aligned with our mission.

    Expenses $603,573 · Grants $449,500

  • Events & Convenings: We continue to strengthen the ecosystem of those that serve the Black community through community convenings, retreats, and more. For example, in 2025 we hosted The Collective Sum, a three-day immersive summit that blends deep learning, community building, and collective strategizing. Together, we explored bold ideas at the intersection of culture, economic power, and civic engagement. Attendees engaged in conversations and strategies that respond to today's challenges while staying true to our values. Another example is our Rooting engagement. For 4 years, Rooting has been a premier social gathering series curated for people working, leading, and serving the Black community in the social sector. At Rooting, we network, strengthen relationships, break bread, and reflect with one another on what it takes to be well and work for a more just MN.

    Expenses $341,182 · Grants $13,125

  • Other Program: We work to harness the power, leadership, and brilliance of Minnesota's Black communities to create transformational solutions across the justice system, safety, economics, health, and well-being. Other program investments are used across community-based grantmaking, organizational infrastructure, programming, endowment, research, and convening to resource and advance the ecosystem of Black-led change and to expand who can impactfully participate in philanthropy.

    Expenses $199,054 · Grants $16,000

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Shawntera Hardy

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Rachel Hardeman

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Aretha Green-Rupert

    Chair/Secretary

    Total calculated
    $0
    Hours/week
    2

  • Jai Winston

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Lulete Mola

    President & Co-Founder

    Total calculated
    $205,115
    From this org
    $175,196
    From related orgs
    $0
    Other
    $29,919
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $175,196
    Bonus
    $0
    Other
    $0
    Deferred
    $5,253
    Nontaxable benefits
    $24,666
    Filer's total
    $205,115

  • Stacy Papier-Meister

    Sr Director of Ops & Admin Lead

    Total calculated
    $144,667
    From this org
    $110,479
    From related orgs
    $0
    Other
    $34,188
    Hours/week
    40

  • CeMar Peterson

    Sr Director of Impact

    Total calculated
    $120,581
    From this org
    $109,325
    From related orgs
    $0
    Other
    $11,256
    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 · Approval by the board or compensation committee

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.

Provenance

Return type
form_990
Tax year
2025
Filed
5 June 2026
IRS schema version
2025v4.1
Source object
202601569349301035

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

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