MINNESOTA COMMUNITY FOUNDATIONClosed
Closed
Income Statement
Fiscal Year Start:
Jan 1
Closed
This organization is considered closed as of 2020. Impala made this determination because the organization is listed as revoked by the IRS, has not filed Form 990s in 5+ years, and no longer appears in the EO Business Master File or Pub78 List.
Note: The closure year reflects the IRS revocation effective date. Revocation typically follows three years of non-filing, so the organization may have ceased operations earlier.
Revenues in 2019
$89,896,428
Other
52%
Contributions
32%
Investments
15%
Program Services
<1%
Fundraising Events
<1%
Government Grants
<1%
Membership Dues
0%
Expenses in 2019
$70,639,366
Grants
88%
Fees to Service Providers
11%
Other
<1%
Offices, Occupancy & IT
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Salaries & Benefits
0%
Interest
0%
Depreciation
0%
Revenues
2018
2019
Change
Contributions
$25,430,284
$29,061,636
+14%
Government Grants
$12,100
$40,200
+232%
Fundraising Events
$54,544
$109,418
+101%
Program Services
$113,348
$316,874
+180%
Membership Dues
$0
$0
-
Investments
$5,646,513
$13,369,748
+137%
Other
$15,326,318
$46,998,552
+207%
Total Revenues
$46,583,107
$89,896,428
+93%
Expenses
2018
2019
Change
Grants
$25,790,804
$62,264,100
+141%
Benefits to Members
$0
$0
-
Salaries & Benefits
$0
$0
-
Fees to Service Providers
$4,019,244
$7,682,932
+91%
Advertising & Promotion
$90,700
$112,726
+24%
Offices, Occupancy & IT
$83,155
$212,224
+155%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$186,323
$367,384
+97%
Total Expenses
$30,170,226
$70,639,366
+134%
Net income
2018
2019
Change
Net income
+$16,412,881
+$19,257,062
+17%
Functional Expenses
Summary
2018
2019
Change
Program
$27,555,168
$65,319,740
+137%
Admin
$1,838,833
$4,359,244
+137%
Fundraising
$776,225
$960,382
+24%
Total Expenses
$30,170,226
$70,639,366
+134%
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