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← HEADWATERS FOUNDATION FOR JUSTICE

Form 990 for tax year 2023

Filed by HEADWATERS FOUNDATION FOR JUSTICE.

Totals

Total revenue
$4,481,203
Total expenses
$6,868,883
Contributions and grants received
$3,415,869
Grants paid
$3,925,200
Program service revenue
$0
Investment income
$1,064,671
Other revenue
$663
Total assets, end of year
$18,362,957
Total liabilities, end of year
$2,264,658
Net assets or fund balances, end of year
$16,098,299
Program services expenses (Part IX)
$5,304,087
Management and general expenses
$855,378
Fundraising expenses
$709,418
Program service expenses (Part III)
$5,304,087

Program services were 77.2% 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

    $3,415,869

  • 3 · Investment income

    total $264,166 · excluded $264,166

  • 7a · Gross sales of assets other than inventory

    securities $1,882,334

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

    securities $1,081,829

  • 7c · Gain or loss

    securities $800,505

  • 7d · Net gain or loss

    total $800,505 · excluded $800,505

  • 11a · Other revenue: OTHER REVENUE

    total $663 · excluded $663

  • 11e · Other revenue, total

    $663

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,925,200 · program services $3,925,200

  • 5 · Compensation of officers, directors and key employees

    total $323,791 · program services $125,891 · management and general $142,684 · fundraising $55,216

  • 7 · Other salaries and wages

    total $1,018,038 · program services $498,968 · management and general $188,580 · fundraising $330,490

  • 8 · Pension plan contributions

    total $50,790 · program services $23,442 · management and general $10,392 · fundraising $16,956

  • 9 · Other employee benefits

    total $259,216 · program services $87,493 · management and general $82,408 · fundraising $89,315

  • 10 · Payroll taxes

    total $108,196 · program services $48,195 · management and general $27,776 · fundraising $32,225

  • 11c · Fees: accounting

    total $230,326 · program services $122,204 · management and general $86,765 · fundraising $21,357

  • 11g · Fees: other

    total $294,410 · program services $142,443 · management and general $151,967

  • 13 · Office expenses

    total $99,218 · program services $59,043 · management and general $7,161 · fundraising $33,014

  • 14 · Information technology

    total $160,434 · program services $70,374 · management and general $43,829 · fundraising $46,231

  • 16 · Occupancy

    total $126,580 · program services $56,430 · management and general $32,530 · fundraising $37,620

  • 19 · Conferences, conventions and meetings

    total $163,278 · program services $88,009 · management and general $30,005 · fundraising $45,264

  • 22 · Depreciation, depletion and amortization

    total $29,131 · management and general $29,131

  • 23 · Insurance

    total $8,345 · program services $2,595 · management and general $4,020 · fundraising $1,730

  • 24a · Other expenses: MEMBERSHIPS

    total $39,095 · program services $21,500 · management and general $17,595

  • 24b · Other expenses: STIPENDS

    total $32,835 · program services $32,300 · management and general $535

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $364,397 · end of year $2,013,512

  • 2 · Savings and temporary cash investments

    beginning of year $4,211,923 · end of year $619,081

  • 3 · Pledges and grants receivable

    beginning of year $5,105,132 · end of year $3,994,272

  • 4 · Accounts receivable

    beginning of year $2,490 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $79,871 · end of year $101,800

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

    $274,786

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

    $89,005

  • 10c · Land, buildings and equipment, net

    beginning of year $210,369 · end of year $185,781

  • 11 · Investments: publicly traded securities

    beginning of year $7,406,219 · end of year $9,576,118

  • 13 · Investments: program-related

    beginning of year $510,000 · end of year $200,000

  • 15 · Other assets

    beginning of year $1,626,332 · end of year $1,672,393

  • 17 · Accounts payable and accrued expenses

    beginning of year $369,654 · end of year $123,957

  • 18 · Grants payable

    beginning of year $25,000 · end of year $1,655,300

  • 24 · Unsecured notes and loans payable

    beginning of year $64,962 · end of year $31,518

  • 25 · Other liabilities

    beginning of year $514,706 · end of year $453,883

  • 27 · Net assets without donor restrictions

    beginning of year $6,564,179 · end of year $5,846,665

  • 28 · Net assets with donor restrictions

    beginning of year $11,978,232 · end of year $10,251,634

Mission and programs · 2023

Mission

HEADWATERS FOUNDATION FOR JUSTICE (THE FOUNDATION) IS A COMMUNITY FOUNDATION WHOSE MISSION IS TO AMPLIFY THE POWER OF COMMUNITY TO ADVANCE EQUITY AND JUSTICE.

Activities or mission (Part I)

HEADWATERS FOUNDATION'S MISSION IS TO AMPLIFY THE POWER OF COMMUNITY TO ADVANCE EQUITY AND JUSTICE.THROUGH GRANTMAKING AND CAPACITY BUILDING SUPPORT TO GRASSROOTS ORGANIZATIONS, OUR GOAL IS TO FOSTER JUST AND SUSTAINABLE COMMUNITIES THAT EMBRACE SOCIAL, RACIAL, ECONOMIC AND ENVIRONMENTAL EQUITY. TO ACHIEVE THIS GOAL, ALL OF HEADWATERS' PROGRAMS ARE DESIGNED TO ADVANCE TWO OBJECTIVES: CHANGING SYSTEMS OF POWER, AND INCREASING THE POWER OF DISENFRANCHISED COMMUNITIES. OUR COMMUNITY-LED GRANTMAKING PROCESS IS THE TOUCHSTONE OF OUR FOUNDATION.

  • DONOR ADVISED FUNDS: THIS PROGRAM ENABLES INDIVIDUAL DONORS TO ADVANCE THEIR PHILANTHROPIC GOALS AND DIRECT RESOURCES TO SOCIAL CHANGE GROUPS LOCALLY AND NATIONALLY. DEVELOPMENT STAFF EDUCATES DONORS ABOUT SOCIAL INJUSTICE ISSUES, CONNECTS THEM TO ORGANIZATIONS THAT MATCH THEIR INTERESTS, AND PROVIDES GRANTMAKING ASSISTANCE. IN FISCAL YEAR 2024, HEADWATERS DAF HOLDERS GAVE $637,202 TO 85 ORGANIZATIONS. IN ADDITION, $219,789 WAS AWARDED TO HEADWATERS.

    Expenses $637,202 · Grants $637,200

  • THE WELLSPRING FUND: THE WELLSPRING FUND SUPPORTS MULTI-YEAR PROJECTS AND CAMPAIGNS ACTIVELY WORKING TOWARDS STRENGTHENING THE ECOSYSTEM OF SOCIAL JUSTICE MOVEMENTS IN MINNESOTA. THE WELLSPRING FUND IS DEDICATED TO NOURISHING ORGANIZATIONS THAT HAVE DEEP ROOTS AND LONG HORIZONS. WELLSPRING GRANTS PROVIDE SUPPORT OVER FOUR YEARS AND BUILD MEANINGFUL CAPACITY FOR ORGANIZATIONS TO DO LONG TERM POWER BUILDING AND ORGANIZING FOR SYSTEMS CHANGE. IN FISCAL YEAR 2024, THE WELLSPRING FUND PROGRAM AWARDED $1,440,000 TO FOUR ORGANIZATIONS.

    Expenses $1,440,000 · Grants $1,440,000

  • THE FUND OF THE SACRED CIRCLE: ACCORDING TO NATIVE AMERICANS IN PHILANTHROPY, FOUNDATIONS INVEST LESS THAN HALF OF ONE PERCENT OF GRANT DOLLARS IN NATIVE COMMUNITIES. HEADWATERS WORKS TO ADDRESS THIS IMBALANCE THROUGH THE FUND OF THE SACRED CIRCLE PROGRAM (FSC). GRANTS SUPPORTS MINNESOTA- AND WISCONSIN-BASED NATIVE AMERICAN ORGANIZATIONS THAT ADDRESS SYSTEMIC INJUSTICES. GENERAL OPERATING GRANTS SUPPORTS WORK THAT FOCUSES ON LANGUAGE AND CULTURAL REVITALIZATION; LAND AND ENVIRONMENTAL RESTORATION; SOVEREIGNTY AND TREATY RIGHTS; AND SELF-DETERMINATION AND CIVIL RIGHTS. IN FISCAL YEAR 2024, FSC PROGRAM AWARDED $1,000,000 TO 20 ORGANIZATIONS.

    Expenses $1,313,819 · Grants $1,000,000

  • OTHER PROGRAMS: HEADWATERS HAS ADDITIONAL PROGRAMMING THAT INCLUDES GENERAL PROGRAMMATIC WORK TO SUPPORT THE MISSION AND VALUES OF ADVANCING EQUITY, DEMANDING INCLUSION, TRANSFORMING POWERS, AND TRUSTING THE COMMUNITY.

    Expenses $925,929

  • BUSH PRIZE: MINNESOTA: THE BUSH PRIZE IS AN AWARD THAT CELEBRATES ORGANIZATIONS THAT HAVE CULTURES OF INNOVATION AND HISTORIES OF BUILDING CREATIVE SOLUTIONS FOR CHALLENGES IN THEIR COMMUNITIES. IN 2023, THE BUSH FOUNDATION CHOSE FOUR REGIONAL PARTNERS TO SELECT BUSH PRIZE WINNERS WHO ARE LEADING CHANGE IN THEIR REGION. HEADWATERS FOUNDATION FOR JUSTICE PARTNERED WITH THE BUSH FOUNDATION TO SELECT THE 2023 BUSH PRIZE: MINNESOTA WINNERS. IN FISCAL YEAR 2024, THE BUSH PRIZE: MINNESOTA PROGRAM AWARDED $445,000 TO FOUR ORGANIZATIONS. IN ADDITION, THREE FINALISTS WERE EACH AWARDED $10,000.

    Expenses $475,000 · Grants $475,000

  • RAPID RESPONSE GRANTMAKING: AT HEADWATERS, WE KNOW THAT THE NATURE OF GRASSROOTS ORGANIZING MEANS THAT OUR FUNDING CYCLES DO NOT ALWAYS ALIGN WITH REAL FINANCIAL NEEDS OF ORGANIZATIONS IN MOMENTS OF CRISIS OR OPPORTUNITY. HEADWATERS RAISES AND GRANTS OUT RAPID RESPONSE DOLLARS TO COMMUNITY GROUPS DURING UNEXPECTED AND CRITICAL MOMENTS. IN FISCAL YEAR 2024, OUR RAPID RESPONSE GRANTMAKING PROGRAM AWARDED $373,000 TO TWELVE ORGANIZATIONS.

    Expenses $512,137 · Grants $373,000

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • BILAL ALKATOUT

    INTERIM EXECUTIVE DIRECTOR

    Total calculated
    $176,752
    From this org
    $154,103
    From related orgs
    $0
    Other
    $22,649
    Hours/week
    32

    Schedule J breakdown matched by us

    Base
    $154,103
    Bonus
    $0
    Other
    $0
    Deferred
    $8,280
    Nontaxable benefits
    $14,369
    Filer's total
    $176,752

  • EMILY SCOTT

    DIRECTOR OF OPERATIONS & FINANCE

    Total calculated
    $89,655
    From this org
    $81,525
    From related orgs
    $0
    Other
    $8,130
    Hours/week
    32

  • MARY DELORIE

    DIRECTOR OF INDIVIDUAL GIVING

    Total calculated
    $126,608
    From this org
    $108,321
    From related orgs
    $0
    Other
    $18,287
    Hours/week
    32

  • CAMILLE CYPRIAN

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • ERIC HOWARD

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • LEAH OLM

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • HABON ABDULLE

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • FRAN HUTCHINS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • NIKKI PIERATOS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ALEXANDER ROBINSON

    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

  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 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
2023
Filed
15 January 2025
IRS schema version
2023v6.0
Source object
202540159349302219

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