Overview
What is Duluth-Superior Area Community Foundation?
The Duluth-Superior Area Community Foundation is a dedicated nonprofit organization based in Duluth, Minnesota. In 2022, they distributed grants totaling $2,946,903 and scholarships amounting to $846,450, with a combined grant allocation of $3,889,892. Their grant distribution was divided into various categories, with education receiving the largest share at 29%. The nonprofit also supports human services, community economic development, arts, and environment, among others. In addition to grant distribution, the Duluth-Superior Area Community Foundation provides scholarship services, managing both endowed and temporary funds. With a team of 14 employees, their mission is to foster private giving for the public good, promoting community development and growth in the Duluth-Superior area.
Official website here: www.dsacommunityfoundation.com
What are the reviews and ratings of this charity?
The Duluth-Superior Area Community Foundation has received an exceptional rating of 97% from Charity Navigator, designating it a Four-Star out of Four Stars charity. This high score reflects their strong commitment to accountability and finance, resting solely on metrics that showcase their excellent financial practices and transparency. Notably, the foundation boasts a 100% independent board, no material diversion of assets, and a robust program expense ratio of 86.28%, indicating that a significant portion of their funds directly supports their programs.
The organization's strengths lie not only in its financial integrity but also in its policies, which include comprehensive conflict of interest and whistleblower policies, promoting a transparent operational culture. Additionally, their low liabilities-to-assets ratio of 6.69% demonstrates sound fiscal management, allowing the foundation to utilize resources effectively.
However, there is currently no user feedback available from GreatNonprofits to provide insight into personal experiences or broader community sentiment. Despite this absence, the foundation's strong commitment to accountability and efficient financial management suggests that it is well positioned to support its mission and effectively use donations for community benefit.
This AI summary has been generated from information found on Charity Navigator.
Is Duluth-Superior Area Community Foundation legitimate?
Duluth-Superior Area Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Duluth-Superior Area Community Foundation 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: $284,466
Professional Fundraising Fees: $0
Other Salaries and Wages: $461,993
For more financial information, click here
Official website here: www.dsacommunityfoundation.com
What is the mission statement of Duluth-Superior Area Community Foundation?
The Duluth-Superior Area Community Foundation promotes private giving for the benefit of the public good. Their mission is centered around encouraging and facilitating philanthropy, with a focus on grantmaking and scholarship provisions. In 2022, they awarded a total of $3,889,892 in grants and scholarships, with various program areas receiving funding, including education, human services, community economic development, arts, and environment. The foundation also administers scholarships from endowed funds and temporary scholarship funds, demonstrating their commitment to supporting education and learning opportunities.
Official website here: www.dsacommunityfoundation.com
Who is the CEO of Duluth-Superior Area Community Foundation?
Shaun Floerke is the Chair of Duluth-Superior Area Community Foundation. The CEO's salary of Duluth-Superior Area Community Foundation is $164,609 and their total compensation is $168,185.
Official website here: www.dsacommunityfoundation.com
What is the revenue of Duluth-Superior Area Community Foundation?
Duluth-Superior Area Community Foundation's revenue in 2022 was $8,134,379.
Official website here: www.dsacommunityfoundation.com
Who are the executives of Duluth-Superior Area Community Foundation and what are their salaries?
The average compensation at Duluth-Superior Area Community Foundation during 2022 was $53,318. There are 14 employees and 240 volunteers at Duluth-Superior Area Community Foundation.
Here are 16 key members and their salaries (Duluth-Superior Area Community Foundation's CEO's salary is $164,609 and their total compensation is $168,185):
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- Compensation: $164,609
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- Other: $2,619
Official website here: www.dsacommunityfoundation.com
Where can I find the form 990 for Duluth-Superior Area Community Foundation?
Duluth-Superior Area Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.dsacommunityfoundation.com
Learn more at the official website: www.dsacommunityfoundation.com
Mission Statement of Duluth-Superior Area Community Foundation
The Duluth-Superior Area Community Foundation promotes private giving for the public good. This nonprofit organization encourages individuals and organizations to contribute to various causes and initiatives, aiming to foster community development and improvement. In 2022, the foundation awarded a substantial sum of $2,946,903 in grants and $846,450 in scholarships, demonstrating its commitment to supporting various program areas. The grants distributed included a diverse range of funds, such as unrestricted, designated, field of interest, organizational endowments, scholarships, and donor-advised, with education being the largest-supported program area, accounting for 29% of the grant funds. The foundation additionally awarded scholarships from endowed funds and temporary scholarship funds, totaling $716,673, and provided administrative services for affiliated scholarships, amounting to $271,000. Overall, the Duluth-Superior Area Community Foundation plays a significant role in encouraging private giving and channeling resources towards community development and education, among other program areas.
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Impact
July, 2024
The Duluth-Superior Area Community Foundation has a significant impact on the community by promoting private giving for the public good. In 2022, the foundation awarded nearly $3 million in grants and over $800,000 in scholarships. These funds were distributed across various program areas, with education receiving the largest share at 29%, followed by human services, scholarships, community economic development, arts, and environment. Through its activities, the foundation plays a crucial role in supporting local organizations and individuals, fostering philanthropy, and making a positive difference in Duluth and its surrounding areas.
This information is meant to be a general summary of Duluth-Superior Area Community Foundation. 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: $3,522,499
- Gross Receipts: $11,236,740
Assets and Liabilities:
- Total Assets: $89,696,300
- Total Liabilities: $6,001,000
- Net Assets: $83,695,300
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Organization Details
Founding Year
1982
Phone
(218) 726-0232Principal Officer
Shaun Floerke
Main Address
324 W SUPERIOR STREET 700, DULUTH, MN, 55802
NTEE Category
Code: T310 - Philanthropy
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