Form 990 for tax year 2024
Filed by ROSEVILLE AREA COMMUNITY FOUNDATION.
Totals
- Total revenue
- $279,460
- Total expenses
- $186,276
- Contributions and grants received
- $169,400
- Grants paid
- $168,278
- Program service revenue
- $0
- Investment income
- $110,060
- Other revenue
- $0
- Total assets, end of year
- $2,342,034
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $2,342,034
- Program services expenses (Part IX)
- $168,278
- Management and general expenses
- $17,998
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $168,278
Program services were 90.3% 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.
-
1e · Government grants (contributions)
$169,400
-
3 · Investment income
total $73,665 · excluded $73,665
-
7a · Gross sales of assets other than inventory
other assets $36,395
-
7c · Gain or loss
other assets $36,395
-
7d · Net gain or loss
total $36,395 · related or exempt $36,395
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $168,278 · program services $168,278
-
11c · Fees: accounting
total $6,142 · management and general $6,142
-
11f · Fees: investment management
total $10,252 · management and general $10,252
-
13 · Office expenses
total $1,248 · management and general $1,248
-
24a · Other expenses: MEALS AND ENTERTAINMENT
total $330 · management and general $330
-
24b · Other expenses: MN CHARITY
total $26 · management and general $26
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $85,047 · end of year $178,440
-
11 · Investments: publicly traded securities
beginning of year $1,966,057 · end of year $2,163,594
-
27 · Net assets without donor restrictions
beginning of year $1,068,836 · end of year $1,260,880
-
28 · Net assets with donor restrictions
beginning of year $982,268 · end of year $1,081,154
Mission and programs · 2024
Mission
INVESTING IN OUR COMMUNITY TO ENHANCE THE QUALITY OF LIFE OF ROSEVILLE AREA RESIDENTS.
-
BY AGREEMENT WITH THE CITY OF ROSEVILLE, MINNESOTA, THE FOUNDATION RETAINS ONE-HALF OF THE CITY'S CHARITABLE GAMBLING PROCEEDS IN A PERMANENTLY RESTRICTED ENDOWMENT. THE REMAINING HALF IS DISTRIBUTED TO COMMUNITY GRANTEES OR PRUDENTLY INVESTED FOR THE ROSEVILLE COMMUNITY'S FUTURE NEEDS. A BOARD OF 9 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 $168,278 · Grants $168,278
As filed on the 2024 return.
Listed in Part VII
-
Dawne Brown WhiteDAWNE BROWN WHITE
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2.5
-
Ronald RiachRONALD RIACH
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 1.5
-
Beth SalzlBETH SALZL
TREASURER
- Total calculated
- $0
- Hours/week
- 1.5
-
June StewartJUNE STEWART
SECRETARY
- Total calculated
- $0
- Hours/week
- 1.5
-
Ginny AllenGINNY ALLEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 10
-
Michelle KruzelMICHELLE KRUZEL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
Mary Jo McGuireMARY JO MCGUIRE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
Jim WabindatoJIM WABINDATO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
Chad RobertsCHAD ROBERTS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
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
-
$32,823
FUND GEN OPERATIONS
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 15 December 2025
- IRS schema version
- 2024v5.0
- Source object
- 202630149349301563
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