Totals
- Total revenue
- $880,699
- Total expenses
- $876,438
- Contributions and grants received
- $863,794
- Grants paid
- $258,015
- Program service revenue
- $0
- Investment income
- $15,707
- Other revenue
- $1,198
- Total assets, end of year
- $1,289,979
- Total liabilities, end of year
- $141,830
- Net assets or fund balances, end of year
- $1,148,149
- Program services expenses (Part IX)
- $664,364
- Management and general expenses
- $88,441
- Fundraising expenses
- $123,633
- Program service expenses (Part III)
- $664,364
Program services were 75.8% 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
$297,360
-
1f · All other contributions, gifts and grants
$566,434
-
3 · Investment income
total $15,707 · excluded $15,707
-
8a · Fundraising events: gross income
$172,249
-
8a · Fundraising events: contributions included on line 1c
$297,360
-
8b · Fundraising events: direct expenses
$172,249
-
8c · Net income from fundraising events
total $0
-
11a · Other revenue: OTHER INCOME
total $1,198 · related or exempt $1,198
-
11e · Other revenue, total
$1,198
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $258,015 · program services $258,015
-
5 · Compensation of officers, directors and key employees
total $173,785 · program services $116,436 · management and general $24,330 · fundraising $33,019
-
7 · Other salaries and wages
total $198,874 · program services $133,245 · management and general $27,842 · fundraising $37,787
-
9 · Other employee benefits
total $11,170 · program services $7,484 · management and general $1,564 · fundraising $2,122
-
10 · Payroll taxes
total $27,871 · program services $18,674 · management and general $3,902 · fundraising $5,295
-
11g · Fees: other
total $90,645 · program services $58,722 · management and general $15,271 · fundraising $16,652
-
12 · Advertising and promotion
total $28,326 · program services $17,060 · management and general $3,565 · fundraising $7,701
-
13 · Office expenses
total $39,248 · program services $26,297 · management and general $5,494 · fundraising $7,457
-
14 · Information technology
total $22,268 · program services $14,920 · management and general $3,117 · fundraising $4,231
-
17 · Travel
total $5,751 · management and general $212 · fundraising $5,539
-
22 · Depreciation, depletion and amortization
total $1,797 · program services $1,204 · management and general $252 · fundraising $341
-
23 · Insurance
total $7,175 · program services $4,807 · management and general $1,005 · fundraising $1,363
-
24a · Other expenses: DUES AND SUBSCRIPTIONS
total $9,060 · program services $6,070 · management and general $1,269 · fundraising $1,721
-
24b · Other expenses: MISCELLANEOUS
total $2,453 · program services $1,430 · management and general $618 · fundraising $405
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $804,877 · end of year $675,003
-
2 · Savings and temporary cash investments
beginning of year $377,221 · end of year $552,599
-
3 · Pledges and grants receivable
beginning of year $5,000 · end of year $5,000
-
9 · Prepaid expenses and deferred charges
beginning of year $23,332 · end of year $30,796
-
10a · Land, buildings and equipment: cost or other basis
$9,451
-
10b · Land, buildings and equipment: accumulated depreciation
$4,611
-
10c · Land, buildings and equipment, net
beginning of year $6,637 · end of year $4,840
-
15 · Other assets
beginning of year $42,737 · end of year $21,741
-
17 · Accounts payable and accrued expenses
beginning of year $11,129 · end of year $23,711
-
18 · Grants payable
beginning of year $63,352 · end of year $91,254
-
19 · Deferred revenue
end of year $10,000
-
25 · Other liabilities
beginning of year $41,435 · end of year $16,865
-
27 · Net assets without donor restrictions
beginning of year $817,588 · end of year $814,350
-
28 · Net assets with donor restrictions
beginning of year $326,300 · end of year $333,799
Mission and programs · 2023
Mission
THE ANN BANCROFT FOUNDATION INSPIRES AND ENCOURAGES GIRLS TO IMAGINE SOMETHING BIGGER. WE STRIVE TO BUILD CONFIDENCE AND OFFER TOOLS THAT WILL ALLOW A GIRL TO GO AFTER HER DREAMS AND FEEL SUPPORTED ALONG THE WAY. THROUGH GRANTS, MENTORSHIP, AND ONGOING DEVELOPMENT OPPORTUNITIES, THE ANN BANCROFT FOUNDATION IS GIVING MINNESOTA GIRLS STRENGTH TO ACHIEVE THEIR FULL POTENTIAL.
Activities or mission (Part I)
THE ANN BANCROFT FOUNDATION ENVISIONS A WORLD IN WHICH ALL WHO IDENTIFY AS A GIRL HAVE A CHANCE TO LIVE THEIR DREAMS AND REACH THEIR FULL POTENTIAL. WE ACHIEVE OUR MISSION BY PROVIDING GRANTS, MENTORSHIP, AND ONGOING DEVLOPMENT K-12 GIRLS IN MN.
-
HEADQUARTERED IN ST. PAUL, MINNESOTA, THE ANN BANCROFT FOUNDATION CONTINUES TO PROVIDE GRANTS (PAIRED WITH MENTORSHIP) AND DEVELOPMENT TOOLS TO K-12 GIRLS ACROSS MINNESOTA. IN 2023, THE ANN BANCROFT FOUNDATION AWARDED 288 GRANTS, WITH THE NEW INCREASE OF SEED GRANTS UP TO $1000. SEED GRANTS REQUESTS WERE UP TO $500 UNTIL INCREASED IN MARCH 2023. ADDITIONALLY, THE ANN BANCROFT FOUNDATION PROVIDED IN PERSON AND VIRTUAL PROGRAMMING TO YOUTH GIRLS TO FACILITATE CONNECTION AND PEER LEARNING.
Expenses $664,364 · Grants $258,015 · Revenue $1,198
-
FOLLOWING COMPLETE STAFF TURNOVER IN 2021 AND ITS 25TH ANNIVERSARY IN 2022, THE ANN BANCROFT FOUNDATION CONDUCTED A YEAR-LONG STRATEGIC PLANNING PROCESS. THIS INCLUDED LISTENING SESSIONS WITH GRANTEES, INTERVIEWS WITH SUPPORTERS AND VOLUNTEERS, AND SURVEYS TO STRATEGIC PARTNERS. IN DECEMBER 2022, THE BOARD APPROVED A NEW ADAPTIVE STRATEGIC PLAN FOCUSING ON THREE KEY GOALS:STRENGTHENING GRANTMAKING, MENTORSHIP, AND DEVELOPMENT OPPORTUNITIESAMPLIFYING AND CELEBRATING IMPACT STORIESENHANCING FINANCIAL AND ORGANIZATIONAL SUSTAINABILITYTHE PLAN WAS PUBLICLY LAUNCHED IN SPRING 2023 WITH A VIRTUAL TOWN HALL.
-
IN 2023, THE ORGANIZATION GREW BY ADDING THREE NEW ROLES TO SUPPORT THE STRATEGIC PLAN'S GOALS: A DEVELOPMENT DIRECTOR AND A COMMUNICATIONS SPECIALIST. ADDITIONALLY, NEW BENEFITS WERE INTRODUCED, INCLUDING A SIMPLE IRA.
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
AMY BERGSTROM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JACKIE HARTMAN
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
ANN BANCROFT
FOUNDER
- Total calculated
- $0
- Hours/week
- 1
-
SARA KILIAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
SHARON OLSON
DIRECTOR EMERITUS
- Total calculated
- $0
- Hours/week
- 1
-
LEE VUE
SECRETARY EXECUTIVE COMMITTEE
- Total calculated
- $0
- Hours/week
- 1
-
CARLEY KNOX
DEVELOPMENT COMMITTEE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
KELLY MCNAMARA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
ETHELIND B KABA
EXECUTIVE DIRECTOR
- Total calculated
- $173,785
- From this org
- $165,941
- From related orgs
- $0
- Other
- $7,844
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $165,941
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $7,844
- Filer's total
- $173,785
-
SARAH STREHL
BOARD MEMBER PROGRAM COMMITTEE
- Total calculated
- $0
- Hours/week
- 1
-
JADE DENSON
PROGRAM CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
LAURA FINGERSON
BOARD CHAIR EXECUTIVE COMMITTEE
- Total calculated
- $0
- Hours/week
- 1
-
JAN MALCOLM
DIRECTOR EMERITA
- Total calculated
- $0
- Hours/week
- 1
-
VEDA PAI PANADIKER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
ANDY STEINER MANNING
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
AMY WATTERS
BOARD MEMBER
- 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. 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
- 2 · Substantiation required before reimbursing expenses
- 3 · Written employment contract
- 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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 16 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202443139349303624
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