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Nonprofiteer
← ROSEVILLE AREA COMMUNITY FOUNDATION

Form 990 for tax year 2023

Filed by ROSEVILLE AREA COMMUNITY FOUNDATION.

Totals

Total revenue
$256,476
Total expenses
$183,132
Contributions and grants received
$99,720
Grants paid
$156,606
Program service revenue
$0
Investment income
$156,756
Other revenue
$0
Total assets, end of year
$2,051,104
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$2,051,104
Program services expenses (Part IX)
$156,606
Management and general expenses
$26,526
Fundraising expenses
$0
Program service expenses (Part III)
$156,606

Program services were 85.5% 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

    $99,720

  • 3 · Investment income

    total $130,592 · excluded $130,592

  • 7a · Gross sales of assets other than inventory

    other assets $26,164

  • 7c · Gain or loss

    other assets $26,164

  • 7d · Net gain or loss

    total $26,164 · related or exempt $26,164

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $156,606 · program services $156,606

  • 11c · Fees: accounting

    total $9,251 · management and general $9,251

  • 11f · Fees: investment management

    total $9,243 · management and general $9,243

  • 13 · Office expenses

    total $7,651 · management and general $7,651

  • 24a · Other expenses: MEALS AND ENTERTAINMENT

    total $356 · management and general $356

  • 24b · Other expenses: MN CHARITY

    total $25 · management and general $25

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $159,161 · end of year $85,047

  • 11 · Investments: publicly traded securities

    beginning of year $1,776,838 · end of year $1,966,057

  • 27 · Net assets without donor restrictions

    beginning of year $987,896 · end of year $1,068,836

  • 28 · Net assets with donor restrictions

    beginning of year $948,103 · end of year $982,268

Mission and programs · 2023

Mission

AS A COMMUNITY FUND, ORGANIZATION SEEKS TO RAISE AND DISTRIBUTE CHARITABLE GIFTS FOR THE BENEFIT OF THE NORTHERN SUBURBS OF RAMSEY COUNTY, MINNESOTA TO ENHANCE THEIR RESIDENTS' QUALITY OF LIFE.

  • BY AGREEMENT WITH THE CITY OF ROSEVILLE, MINNESOTA, THE FOUNDATION DISTRIBUTES ONE-HALF OF THE CITY'S DISBURSEMENT OF CHARITABLE GAMBLING PROCEEDS. THE OTHER HALF IS RETAINED FOR AT LEAST ONE CALENDAR YEAR. A BOARD OF 8 RESIDENTS OF ROSEVILLE OR ISD623 MEETS WITH COMMUNITY REPRESENTATIVES AND MAKES ALLOCATION DECISIONS BASED ON POTENTIAL COMMUNITY IMPACT, NEED, PROJECT VIABILITY AND RESOURCES AVAILABLE.

    Expenses $156,606 · Grants $156,606 · Revenue $99,720

As filed on the 2023 return.

Listed in Part VII

  • Dawne Brown White

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • Ronald Riach

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    5

  • Beth Salzl

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • June Stewart

    SECRETARY

    Total calculated
    $0
    Hours/week
    10

  • Ginny Allen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Michelle Kruzel

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Mary Jo McGuire

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Jim Wabindato

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

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

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.0
Source object
202403199349310220

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