Overview
What is Minnesota Council On Foundations?
The Minnesota Council on Foundations is a significant nonprofit organization situated in Minneapolis, Minnesota. With a dedication to philanthropy, it seeks to strengthen community connections and promote democratic engagement. Key initiatives include collaborating with nonprofit organizations and communities of color, fostering relationships between philanthropy and communities, and encouraging community involvement in democracy. The Council has launched a committee to revise the Minnesota common grant application and established the SERVICE Fund, supporting nonprofit intermediaries serving as ARPA regranting institutions. Additionally, it has supported the Minnesota Census Mobilization Project, demonstrating its commitment to enhancing community prosperity and equity, with a workforce of 13 individuals.
Official website here: www.mcf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Minnesota Council On Foundations has received a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization scored particularly well in areas such as having a majority of independent board members and maintaining robust financial oversight, showcasing its commitment to transparency and responsible management of resources.
Strengths include the absence of material diversion of assets and a high program expense ratio, indicating that a significant portion of its funds is directed towards its programs rather than administrative costs. Moreover, the Council's effective conflict of interest and whistleblower policies further emphasize its dedication to ethical governance.
However, there are some limitations noted, particularly concerning fundraising efficiency, which scored lower compared to other metrics. This may suggest areas for improvement in how the organization generates and utilizes funds for its initiatives. Overall, the Council demonstrates strong financial health and governance, providing confidence to its stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Minnesota Council On Foundations legitimate?
Minnesota Council On Foundations is a legitimate nonprofit organization registered as a 501(c)(3) entity. Minnesota Council On Foundations submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $183,745
Professional Fundraising Fees: $0
Other Salaries and Wages: $763,917
For more financial information, click here
Official website here: www.mcf.org
What is the mission statement of Minnesota Council On Foundations?
The Minnesota Council On Foundations, as a dynamic philanthropic community, aims to connect, strengthen, and mobilize the power of philanthropy to foster prosperity and equity. Their mission involves engaging nonprofit organizations and communities of color, strengthening the practice of philanthropy, promoting relationships between philanthropy and the community, and encouraging community engagement in democracy. Notably, they launched a committee to update the Minnesota common grant application, established the SERVICE Fund to support nonprofit intermediaries, and supported the Minnesota Census Mobilization Project.
Official website here: www.mcf.org
Who is the CEO of Minnesota Council On Foundations?
Jenny Johnson is the Member of Minnesota Council On Foundations.
Official website here: www.mcf.org
What is the revenue of Minnesota Council On Foundations?
Minnesota Council On Foundations's revenue in 2022 was $3,511,463.
Official website here: www.mcf.org
Who are the executives of Minnesota Council On Foundations and what are their salaries?
The average compensation at Minnesota Council On Foundations during 2022 was $72,897. There are 13 employees and 21 volunteers at Minnesota Council On Foundations.
Here are 23 key members and their salaries:
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- Other: $14,145
Official website here: www.mcf.org
Where can I find the form 990 for Minnesota Council On Foundations?
Minnesota Council On Foundations's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mcf.org
Learn more at the official website: www.mcf.org
Mission Statement of Minnesota Council On Foundations
The Minnesota Council on Foundations, as a dynamic philanthropic community, is devoted to connecting, strengthening, and mobilizing the power of philanthropy to foster prosperity and equity. By engaging nonprofit organizations and communities of color, this nonprofit seeks to enhance the practice of philanthropy, forge connections between philanthropy and the community, and stimulate community involvement in democratic processes. Some of their initiatives include launching a committee to revise the Minnesota common grant application, establishing the SERVICE Fund to support nonprofit intermediaries serving as ARPA regranting institutions, and backing the Minnesota Census Mobilization Project.
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Impact
July, 2024
Minnesota Council On Foundations plays a crucial role in connecting, strengthening, and mobilizing the power of philanthropy to advance prosperity and equity in Minnesota communities. By engaging nonprofit organizations and communities of color, the council works to enhance the practice of philanthropy, foster relationships between philanthropy and the community, and promote community engagement in democracy. Initiatives such as updating the Minnesota common grant application, establishing the SERVICE Fund to support nonprofit intermediaries as ARPA regranting institutions, and backing the Minnesota Census Mobilization Project are examples of the council's impactful work. Through these efforts, the Minnesota Council On Foundations contributes significantly to community improvement and the overall well-being of the state.
This information is meant to be a general summary of Minnesota Council On Foundations. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $3,073
- Program Service Revenue: $174,230
- Gross Receipts: $3,511,463
Assets and Liabilities:
- Total Assets: $1,994,364
- Total Liabilities: $360,541
- Net Assets: $1,633,823
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Membership Dues
Revenue
$114,000
Meeting Fees
Revenue
$52,975
Organization Details
Founding Year
1975
Phone
(612) 338-1989Principal Officer
Jenny Johnson
Main Address
800 Washington Avenue North 703, Minneapolis, MN, 55401
Website
www.mcf.orgNTEE Category
Code: S50 - Community improvement
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