- Revenue 2024
- $6,417,532
- Expenses 2024
- $7,065,045
Program services were 88.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
As filed
- Subsection
- 03
- NTEE code
- T310
- Classification
- 1000
- Street
- 324 W SUPERIOR ST STE 700
These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).
Mission and programs · 2024
Mission
WE UNITE PEOPLE AND RESOURCES, DRIVING BOLD ACTION TO CREATE LASTING IMPACT FOR A BRIGHTER TOMORROW.
-
IN 2024, THE COMMUNITY FOUNDATION AWARDED $4,597,558 IN GRANTS AND $819,906 IN SCHOLARSHIPS. TOTAL GRANTS AWARDED (INCLUDING INTERFUND GRANTS) FOR ALL PROGRAM AREAS WAS $5,417,464 COMPRISED OF: 27% UNRESTRICTED FUNDS, 19% DESIGNATED, 18% FIELD OF INTEREST, 5% ORGANIZATIONAL ENDOWMENTS, 15% SCHOLARSHIPS AND 16% DONOR ADVISED. THE LARGEST PROGRAM AREA SUPPORTED WAS HUMAN SERVICES WITH 38% OF GRANT FUNDS, FOLLOWED BY, 20% COMMUNITY ECONOMIC DEVELOPMENT , 15% EDUCATION, 13% IN SCHOLARSHIPS, 10% IN ENVIRONMENT, AND 4% IN ARTS. IN 2024, THE COMMUNITY FOUNDATION AWARDED $392,015 SCHOLARSHIPS FROM ENDOWED FUNDS AND $41,000 FROM 4 TEMPORARY SCHOLARSHIP FUNDS THAT THE FOUNDATION PROVIDES SCHOLARSHIP SERVICES. IN ADDITION, THE FOUNDATION PROVIDED ADMINISTRATIVE SERVICES FOR TWO AFFILIATED SCHOLARSHIPS TOTALING $244,833 WHERE ALL OF THE FUNDS ARE HELD BY A LOCAL BANK.
Expenses $6,017,450 · Grants $5,417,464
-
IN 2024, AS PART OF ONGOING STRATEGIC PLANNING EFFORTS, BOREAL WATERS MADE SIGNIFICANT IMPROVEMENTS TO GRANTMAKING DESIGNED TO BETTER ALIGN RESOURCES WITH THE NEEDS OF THE COMMUNITIES SERVED. THIS INVOLVED RESTRUCTURING COMMITTEES TO INCLUDE COMMUNITY MEMBERS WITH LIVED EXPERIENCE AND EXPERTISE IN THE AREAS WHERE FUNDS ARE DIRECTED (E.G., CHILDHOOD POVERTY, MISSING A SENSE OF BELONGING, ETC.). THE FOCUS AREAS OF OPPORTUNITY, RESILIENCE, BELONGING AND TRANSFORMATION WERE BETTER DEFINED THROUGH COMMUNITY FEEDBACK AND RESEARCH TO ENSURE EFFORTS ARE IMPACTFUL AND SUSTAINABLE. THE SECOND REQUEST FOR PROPOSALS WAS ALSO MADE MORE ACCESSIBLE BY CREATING A LETTER OF INTENT PROCESS, WHICH ALLOWED FOR US TO GET BACK TO ORGANIZATIONS FASTER. THESE CHANGES ARE PART OF THE BROADER STRATEGY TO ENHANCE THE EFFECTIVENESS AND REACH OF BOREAL WATER'S GRANTMAKING, ENSURING THAT NOT ONLY NEEDS ARE MET, BUT EFFORTS FOCUS ON MEANINGFUL, LASTING IMPROVEMENTS.BOREAL WATERS CONTINUED TO BE RESPONSIVE TO COMMUNITY NEEDS AND OPPORTUNITIES. LEADERSHIP INITIATIVES WERE DEVELOPED WITH COLLABORATING ORGANIZATIONS, SUCH AS NONPROFITS AT NOON, BE ON BOARD, AND OTHER PROGRAMS TO HELP NONPROFITS BUILD SKILLS AND PROVIDE PROFESSIONAL DEVELOPMENT. ADDITIONAL COMMUNITY LEADERSHIP SOUGHT TO FILL A GAP FOR LOCAL NONPROFITS IN RECRUITING VOLUNTEERS TO SERVE AS TRUSTEES. COMMUNITY IMPACT PROGRAMMING IS IN ADDITION TO BOREAL WATERS ON-GOING GRANT AND SCHOLARSHIP ACTIVITY.
Expenses $264,149
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Officers and directors · 2024
As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.
-
Shaun FloerkeSHAUN FLOERKE
PRESIDENT/CEO
- Total calculated
- $210,833
- From this org
- $160,958
- From related orgs
- $0
- Other
- $49,875
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $154,505
- Bonus
- $4,922
- Other
- $1,531
- Deferred
- $8,081
- Nontaxable benefits
- $41,794
- Filer's total
- $210,833
-
Paige FreesePAIGE FREESE
FINANCE DIRECTOR
- Total calculated
- $95,553
- From this org
- $80,404
- From related orgs
- $0
- Other
- $15,149
- Hours/week
- 40
-
Kerstyn HendricksKERSTYN HENDRICKS
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Joscelyn SkandelJOSCELYN SKANDEL
CHAIR (THRU MARCH)
- Total calculated
- $0
- Hours/week
- 1
-
Katelyn BaumannKATELYN BAUMANN
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Matt VaillantMATT VAILLANT
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
David MontgomeryDAVID MONTGOMERY
TREASURER (THRU NOVEMBER)
- Total calculated
- $0
- Hours/week
- 1
-
Patrick HeffernanPATRICK HEFFERNAN
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Moira VilliardMOIRA VILLIARD
SECRETARY (THRU JUNE)
- Total calculated
- $0
- Hours/week
- 1
-
Aileen BeardAILEEN BEARD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Brenda BrannanBRENDA BRANNAN
TRUSTEE (THRU MARCH)
- Total calculated
- $0
- Hours/week
- 1
-
Lee Jensen BujoldLEE JENSEN BUJOLD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jeff CoreyJEFF COREY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Fred FriedmanFRED FRIEDMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Angela GilbertsonANGELA GILBERTSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Sakib MahmudSAKIB MAHMUD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Peter PfankuchPETER PFANKUCH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Heidi SigfridsHEIDI SIGFRIDS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Sandra WrightSANDRA WRIGHT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Julian ZebotJULIAN ZEBOT
TRUSTEE
- 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. Earlier years are each on their own filing page.
Filings
-
2024
- Revenue
- $6,417,532
- Expenses
- $7,065,045
- Contributions
- $2,370,441
- Grants paid
- $5,417,464
-
2023
- Revenue
- -$3,259,349
- Expenses
- $3,953,430
- Contributions
- $5,974,789
- Grants paid
- $2,326,780
-
2022
- Revenue
- $8,134,379
- Expenses
- $5,435,857
- Contributions
- $4,606,817
- Grants paid
- $3,793,353
The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.
Other returns filed
-
2021 · 990
- Revenue
- $11,039,912
- Expenses
- $3,990,376
- Assets (EOY)
- $108,779,368
-
2020 · 990
- Revenue
- $5,605,705
- Expenses
- $4,210,634
- Assets (EOY)
- $93,106,016
-
2019 · 990
- Revenue
- $5,862,131
- Expenses
- $3,904,374
- Assets (EOY)
- $82,887,562
-
2018 · 990
- Revenue
- $8,033,718
- Expenses
- $3,841,018
- Assets (EOY)
- $69,292,781
-
2017 · 990
- Revenue
- $5,073,788
- Expenses
- $3,690,175
- Assets (EOY)
- $72,250,518
-
2016 · 990
- Revenue
- $224,190
- Expenses
- $4,867,405
- Assets (EOY)
- $63,973,810
-
2015 · 990
- Revenue
- $6,259,071
- Expenses
- $3,115,348
- Assets (EOY)
- $62,026,974
-
2014 · 990
- Revenue
- $14,380,146
- Expenses
- $3,077,885
- Assets (EOY)
- $60,958,936
-
2013 · 990
- Revenue
- $8,827,455
- Expenses
- $3,271,237
- Assets (EOY)
- $58,697,197
-
2012 · 990
- Revenue
- not reported
- Expenses
- $2,900,014
- Assets (EOY)
- $53,678,765
Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.
Grants made
-
CLOQUET EDUCATIONAL FOUNDATION
$256,981
2022 PROGRAM SUPPORT
-
$256,361
2024 HUMAN SERVICES
-
UNIVERSITY OF MINNESOTA FOUNDATION
$243,678
2024 HUMAN SERVICES
-
$210,524
2022 MUSIC CONNECTIONS FOR COOK COUNTY YOUTH; PROGRAM SUPPORT
-
$152,539
2024 COMM ECON DEV
-
UNIVERSITY OF MINNESOTA FOUNDATION
$132,299
2023 UMD ENGINEERING SCHOLARSHIP ON BEHALF OF MOLINE MACHINERY LLC, TWIN PORTS TEEN SCIENCE CAF, PROVIDING SUPPORT TO ENCOURAGE DIVERSITY, ADAPTIVE SAMPLER AND THE BOULDER LAKE ELC, BATS OF THE BOULDER LAKE MANAGEMENT AREA, TWEED MUSEUM OF ART, UMD DULUTH RAMSETER NORTHERN BIBLE SOCIETY BIBLE COLLECTION, SCHOLARSHIP SUPPORT
-
$115,000
2024 HUMAN SERVICES
-
BAD RIVER BAND OF LAKE SUPERIOR TRIBE OF CHIPPEWA INDIANS
$103,943
2024 COMM ECON DEV
-
2024 COMM ECON DEV
-
$94,726
2024 HUMAN SERVICES
The 10 largest by cash amount. The API serves every itemized grant.
Grants received
-
2022 For grant recipient's exempt purposes
-
2024 For grant recipient's exempt purposes
-
$100,000
2022 GRANT TO THE DULUTH SUPERIOR FOUNDATION FOR ENDOWED PURPOSES
-
$50,000
2024 CONTRIBUTION TO FOUNDATION TO FURTHER THE ORGANIZATION'S MISSION.
-
$30,000
2023 PPREP
-
$25,000
2024 HAM FAMILY SCHOLARSHIP FUND
-
DONOR ADVISED CHARITABLE GIVING
$25,000
2023 PUBLIC, SOCIETAL BENEFIT
-
$22,250
2022 PPREP
-
2022 UNRESTRICTED GENERAL SUPPORT
-
2023 UNRESTRICTED GENERAL SUPPORT
The 10 largest by cash amount. The API serves every itemized grant.
Other IRS files
Auto-Revocation List
Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.
Publication 78
Listed as of 13 October 2026, under deductibility PC.
These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.
What this page reflects
The registration facts above come from the IRS Business Master File published 13 October 2026 and read 29 October 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.