Form 990 for tax year 2022

Totals

Total revenue

$3,511,463

Total expenses

$3,340,550

Contributions and grants received

$3,318,930

Grants paid

$1,691,000

Program service revenue

$174,230

Investment income

$3,073

Other revenue

$15,230

Total assets, end of year

$1,994,364

Total liabilities, end of year

$360,541

Net assets or fund balances, end of year

$1,633,823

Program services expenses (Part IX)

$2,868,544

Management and general expenses

$449,892

Fundraising expenses

$22,114

Program service expenses (Part III)

$2,868,544

Program services were 85.9% 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.

Mission and programs · 2022

• Supporting Minnesota Communities: The Minnesota Council on Foundations engaged nonprofit organizations and communities of color to strengthen the practice of philanthropy, build relationships between philanthropy and the community, and promote community engagement in democracy. This included launching a committee to update the Minnesota common grant application, establishing the SERVICE Fund to support nonprofit intermediaries that serve as ARPA regranting institutions, and supporting the Minnesota Census Mobilization Project.

  Expenses $1,534,500 · Grants $1,534,500

• Membership Services:MCF conducts a wide range of training and professional development opportunities for grantmakers, and creates opportunities for peer networking and learning within the field. Programs include: grantmaking skills; briefings on current events and issues; foundation type and issue based peer networks; and trends in the nonprofit and philanthropic sectors. MCF provides programming and peer learning opportunities in a range of issues related to Diversity, Equity and Inclusion. MCF's government relations and public policy program provides education, training and peer networks to its members, encouraging the incorporation of public policy and advocacy into grantmaking, in adherence with professional and legal practices. MCF responds to public policy issues related to the field of philanthropy, and advances public policy issues related to strengthening democracy.

  Expenses $617,356 · Revenue $174,230

• Public Awareness:MCF educates the public, nonprofit organizations, the media, government and elected officials about philanthropy, trends in the field, and the grantmaking process. This occurs through the publication of MCF Notes, MCF Giving Memo, CEO Chats, Giving in Minnesota report, and working directly with the media and the interested public.

  Expenses $716,688 · Grants $156,500

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

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

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

• Latino Economic Development Center

  $150,000

  To support nonprofit intermediaries re-granting public dollars

• Youthprise

  $150,000

  To support nonprofit intermediaries re-granting public dollars

• Initiative Foundation

  $130,000

  To support nonprofit intermediaries re-granting public dollars

• Northland Foundation

  $130,000

  To support nonprofit intermediaries re-granting public dollars

• Southern Minnesota Initiative Foundation

  $130,000

  To support nonprofit intermediaries re-granting public dollars

• Southwest Initiative Foundation

  $130,000

  To support nonprofit intermediaries re-granting public dollars

• West Central Initiative

  $130,000

  To support nonprofit intermediaries re-granting public dollars

• African Economic Development Solutions (AEDS)

  $130,000

  To support nonprofit intermediaries re-granting public dollars

• Nexus Community Partners

  $125,000

  To support nonprofit intermediaries re-granting public dollars

• Ignite Afterschool

  $70,000

  To support nonprofit intermediaries re-granting public dollars

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

Provenance

Return type

form_990

Tax year

2022

Filed

11 October 2023

IRS schema version

2022v5.0

Source object

202322859349301622

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.