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Nonprofiteer
← COMMUNITYGIVING

Form 990 for tax year 2022

Filed by COMMUNITYGIVING.

Totals

Total revenue
$19,883,794
Total expenses
$20,819,148
Contributions and grants received
$15,171,601
Grants paid
$17,547,289
Program service revenue
$0
Investment income
$4,576,144
Other revenue
$136,049
Total assets, end of year
$208,628,197
Total liabilities, end of year
$38,297,319
Net assets or fund balances, end of year
$170,330,878
Program services expenses (Part IX)
$18,827,575
Management and general expenses
$984,901
Fundraising expenses
$1,006,672
Program service expenses (Part III)
$18,827,575

Program services were 90.4% 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.

  • 1c · Fundraising events

    $214,975

  • 1d · Related organizations

    $797,413

  • 1f · All other contributions, gifts and grants

    $14,159,213

  • 1g · Noncash contributions included above

    $2,746,557

  • 3 · Investment income

    total $3,735,220 · excluded $3,735,220

  • 6a · Gross rents

    real property $51,900

  • 6b · Less rental expenses

    real property $145,089

  • 6c · Rental income or loss

    real property -$93,189

  • 6d · Net rental income or loss

    total -$93,189 · excluded -$93,189

  • 7a · Gross sales of assets other than inventory

    securities $6,023,859

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

    securities $5,182,935

  • 7c · Gain or loss

    securities $840,924

  • 7d · Net gain or loss

    total $840,924 · excluded $840,924

  • 8a · Fundraising events: gross income

    $280,330

  • 8a · Fundraising events: contributions included on line 1c

    $214,975

  • 8b · Fundraising events: direct expenses

    $51,092

  • 8c · Net income from fundraising events

    total $229,238 · excluded $229,238

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $17,086,776 · program services $17,086,776

  • 2 · Grants to domestic individuals

    total $460,513 · program services $460,513

  • 5 · Compensation of officers, directors and key employees

    total $251,006 · program services $86,840 · management and general $83,158 · fundraising $81,008

  • 7 · Other salaries and wages

    total $1,715,437 · program services $593,484 · management and general $568,324 · fundraising $553,629

  • 8 · Pension plan contributions

    total $94,048 · program services $32,538 · management and general $31,158 · fundraising $30,352

  • 9 · Other employee benefits

    total $185,048 · program services $64,021 · management and general $61,306 · fundraising $59,721

  • 10 · Payroll taxes

    total $137,992 · program services $47,741 · management and general $45,717 · fundraising $44,534

  • 11b · Fees: legal

    total $18,488 · program services $6,396 · management and general $6,125 · fundraising $5,967

  • 11c · Fees: accounting

    total $23,002 · program services $7,958 · management and general $7,621 · fundraising $7,423

  • 12 · Advertising and promotion

    total $33,444 · program services $11,571 · management and general $11,080 · fundraising $10,793

  • 13 · Office expenses

    total $162,585 · program services $56,250 · management and general $53,864 · fundraising $52,471

  • 22 · Depreciation, depletion and amortization

    total $49,757 · program services $17,214 · management and general $16,485 · fundraising $16,058

  • 23 · Insurance

    total $20,711 · program services $7,166 · management and general $6,861 · fundraising $6,684

  • 24a · Other expenses: ADMINISTRATIVE

    total $254,584 · program services $71,735 · management and general $68,693 · fundraising $114,156

  • 24b · Other expenses: OTHER

    total $251,779 · program services $251,779

  • 24c · Other expenses: DUES & SUBSCRIPTIONS

    total $39,576 · program services $13,691 · management and general $13,112 · fundraising $12,773

  • 24d · Other expenses: DEVELOPMENT & MARKETING

    total $34,402 · program services $11,902 · management and general $11,397 · fundraising $11,103

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $621,407 · end of year $485,996

  • 2 · Savings and temporary cash investments

    beginning of year $3,446,729 · end of year $2,632,856

  • 3 · Pledges and grants receivable

    beginning of year $46,650 · end of year $10,450

  • 4 · Accounts receivable

    beginning of year $983,284 · end of year $1,187,491

  • 9 · Prepaid expenses and deferred charges

    beginning of year $50,523 · end of year $32,570

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

    $1,253,237

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

    $469,542

  • 10c · Land, buildings and equipment, net

    beginning of year $737,946 · end of year $783,695

  • 11 · Investments: publicly traded securities

    beginning of year $177,005,186 · end of year $192,415,256

  • 12 · Investments: other securities

    beginning of year $10,211,497 · end of year $10,991,164

  • 15 · Other assets

    beginning of year $0 · end of year $88,719

  • 17 · Accounts payable and accrued expenses

    beginning of year $88,622 · end of year $113,107

  • 18 · Grants payable

    beginning of year $136,277 · end of year $211,500

  • 25 · Other liabilities

    beginning of year $33,755,174 · end of year $37,972,712

  • 27 · Net assets without donor restrictions

    beginning of year $126,629,927 · end of year $135,908,678

  • 28 · Net assets with donor restrictions

    beginning of year $32,493,222 · end of year $34,422,200

Mission and programs · 2022

Mission

TO ENGAGE PEOPLE, CONNECT RESOURCES, AND BUILD COMMUNITY.

  • GRANTMAKING - THE FOUNDATION ADMINISTERED THE GRANTING OF OVER $17 MILLION IN DISTRIBUTIONS TO OVER 1,000 NON-PROFITS FROM THE 1,105 FUNDS SET UP BY DONORS.

    Expenses $18,432,420 · Grants $17,165,964

  • SCHOLARSHIPS - THE FOUNDATION ADMINISTERS 111 SCHOLARSHIP FUNDS AND AWARDS OF $238,419 TO EDUCATION INSTITUTIONS AND TO 160 STUDENTS PAID TO THEIR RESPECTIVE EDUCATION INSTITUTIONS ON A SEMESTER OR QUARTERLY BASIS.

    Expenses $238,419 · Grants $238,419

  • COMMUNITY INITIATIVES - THE FOUNDATION FOCUSES ITS EFFORTS ON SUPPORTING AND STAFFING 6 MAJOR INITIATIVES DESIGNED TO ENGAGE THE COMMUNITY IN BUILDING SOCIAL CAPITAL ASSETS, PROMOTING VOLUNTEER INVOLVEMENT ACTIVITIES FOR OVER 5,000 PEOPLE AND PROVIDING LEVERAGE TO GENERATE ADDITIONAL FUNDS FOR IDENTIFIED COMMUNITY ISSUES.

    Expenses $156,736 · Grants $142,906

As filed on the 2022 return.

Listed in Part VII

  • Steven Joul

    PRESIDENT

    Total calculated
    $244,151
    From this org
    $223,821
    From related orgs
    $0
    Other
    $20,330
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $193,301
    Bonus
    $28,000
    Other
    $2,520
    Deferred
    $17,840
    Nontaxable benefits
    $2,490
    Filer's total
    $244,151

  • John Herges

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Steve Peterson

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Laura Helmer

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • James Ringwald

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Dr Kathleen Allen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sarah Klaassen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Maryanne Mahowald

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bruce Pohlig

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sally Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ken Warner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jim Kraft

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Heather Thompson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Steve Laraway

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jim Roelofs

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Janet Grones

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sara Carlson

    WACF EXECUTIVE DIRECTOR

    Total calculated
    $141,074
    From this org
    $109,697
    From related orgs
    $0
    Other
    $31,377
    Hours/week
    40

  • Elise Wiener

    CHIEF FINANCIAL OFFICER

    Total calculated
    $146,031
    From this org
    $134,581
    From related orgs
    $0
    Other
    $11,450
    Hours/week
    40

  • Greta Stark-Kraker

    CMCF EXECUTIVE DIRECTOR

    Total calculated
    $126,321
    From this org
    $115,348
    From related orgs
    $0
    Other
    $10,973
    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
  • 5a · Pay contingent on this organization's revenues
  • 6a · Pay contingent on this organization's net earnings

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5b · Pay contingent on a related organization's revenues
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 5
PRESIDENT RECEIVES A BONUS BASED ON BENCHMARKS CREATED BY THE BOARD OF DIRECTORS.
PART I, LINE 6
PRESIDENT RECEIVES A BONUS BASED ON BENCHMARKS CREATED BY THE BOARD OF DIRECTORS.

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • MINNESOTA REAL ESTATE FOUNDATION

    501(C)(3) · BUILD COMMUNITY BY SIMPLIFYING & FACILITATING THE GIFTING OF REAL ESTATE · MN

    Directly controlled by COMMUNITYGIVING

  • GRANITE CHARITABLE

    501(C)(3) · PROVIDE SUPPORT TO NONPROFIT ORGANIZATIONS · MN

    Directly controlled by COMMUNITYGIVING

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • CMCF PROPERTIES

    INVESTING ACTIVITIES · MN · income $8,400 · assets $996,185

    Directly controlled by COMMUNITYGIVING

  • REAL ESTATE GIVING LLC

    BUILD COMMUNITY BY FACILITATING THE GIFTING OF REAL ESTATE · MN · income $709,058 · assets $1,034,938

    Directly controlled by COMMUNITYGIVING

Provenance

Return type
form_990
Tax year
2022
Filed
9 November 2023
IRS schema version
2022v5.0
Source object
202303249349300740

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.