Overview
What is Northland Foundation?
The Northland Foundation is a philanthropic organization situated in Duluth, Minnesota. Its primary function is to provide financial and technical assistance to tax-exempt nonprofits and public entities, such as schools, within its 7-county region. The foundation focuses on three key areas: children, youth, and families; individual and community wellbeing; and Maada'okiing, to support indigenous communities. In fiscal year 2023, the Northland Foundation awarded 172 grants totaling $3.7 million and distributed $2.3 million in Minnesota Early Learning Scholarships on behalf of the state. The foundation also acts as an intermediary grantor when mission and priorities align. The Northland Foundation's mission is to support northeastern Minnesota people and communities, aiming for a future where everyone feels they belong and can thrive, by offering grants, loans, programming, and special initiatives.
Official website here: www.northlandfdn.org
What are the reviews and ratings of this charity?
The Northland Foundation has received a robust Four-Star out of Four Star rating from Charity Navigator, with a score of 95%. This rating reflects the foundation's strong attention to financial accountability and transparent practices. The score is entirely based on the Accountability & Finance beacon, underscoring the organization's reliability in financial management and governance.
Key strengths of the Northland Foundation include a high Program Expense Ratio of 88.05%, indicating efficient use of funds for its programs. The fundraising efficiency and working capital ratios are exemplary, evidencing solid financial health and sustainability. The independent nature of the board, its comprehensive conflict of interest policy, and high marks for documentation further affirm its commitment to transparent operations.
While the foundation excels in accountability and financial management, it doesn't have available data for evaluation in impact, culture, or leadership categories. This limitation means insights into programmatic outcomes and adaptability aren't fully assessed. However, the absence of reviews on GreatNonprofits suggests either a lack of user engagement on that platform or insufficient feedback to provide additional user perspectives.
This AI summary has been generated from information found on Charity Navigator.
Is Northland Foundation legitimate?
Northland Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Northland 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: $385,663
Professional Fundraising Fees: $33,200
Other Salaries and Wages: $1,471,286
For more financial information, click here
Official website here: www.northlandfdn.org
What is the mission statement of Northland Foundation?
The Northland Foundation supports individuals and communities in northeastern Minnesota, aiming for a future where everyone feels included and can prosper. They accomplish this mission through grants, loans, programming, and special initiatives. Their grant program provides financial and technical resources to nonprofits and public entities, prioritizing areas such as children, youth, and families, individual and community wellbeing, and supporting grassroots efforts to strengthen indigenous communities. In fiscal year 2023, the Northland Foundation awarded 172 grants totaling $3.7 million and distributed $2.3 million in Minnesota Early Learning Scholarships on behalf of the state.
Official website here: www.northlandfdn.org
Who is the CEO of Northland Foundation?
Anthony Sertich is the President of Northland Foundation.
Official website here: www.northlandfdn.org
What is the revenue of Northland Foundation?
Northland Foundation's revenue in 2023 was $11,684,631.
Official website here: www.northlandfdn.org
Who are the executives of Northland Foundation and what are their salaries?
The average compensation at Northland Foundation during 2023 was $80,737. There are 23 employees and 575 volunteers at Northland Foundation.
Here are 17 key members and their salaries:
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- Compensation: $112,541
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- Other: $37,686
- Compensation: $100,428
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- Other: $38,519
Official website here: www.northlandfdn.org
Where can I find the form 990 for Northland Foundation?
Northland Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.northlandfdn.org
Learn more at the official website: www.northlandfdn.org
Mission Statement of Northland Foundation
The Northland Foundation supports individuals and communities in northeastern Minnesota, working towards a future where everyone feels they belong and can thrive. The organization achieves this mission through various means, such as grants, loans, programming, and special initiatives. By providing financial and technical resources to tax-exempt nonprofits and public entities within its 7-county region, the Northland Foundation focuses on priority areas including children, youth, and families; individual and community wellbeing; and Maada'ookiing, which supports grassroots efforts to strengthen Indigenous communities. In fiscal year 2023, the Northland Foundation awarded 172 grants totaling $3.7 million and distributed $2.3 million in Minnesota Early Learning Scholarships on behalf of the state. The foundation also acts as an intermediary grantor when its mission and priorities align with those of other organizations.
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Impact
July, 2024
Northland Foundation supports Northeast Minnesota people and communities in creating a future where everyone can thrive and feel a sense of belonging. Through grants, loans, programming, and special initiatives, the foundation addresses key priority areas such as children, youth, and families, individual and community wellbeing, and initiatives to support Indigenous communities. In the fiscal year 2023 alone, Northland Foundation awarded 172 grants totaling $3.7 million and distributed $2.3 million in Minnesota early learning scholarships on behalf of the state. Their impactful work aligns with their mission to strengthen communities and empower individuals to lead fulfilling lives.
This information is meant to be a general summary of Northland 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 2023.
- Investment Income: -$575,098
- Program Service Revenue: $300,963
- Gross Receipts: $30,009,800
Assets and Liabilities:
- Total Assets: $115,113,281
- Total Liabilities: $4,926,035
- Net Assets: $110,187,246
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN PROGRAM INTEREST INCOME
Revenue
$250,801
LOAN ORIGINATION FEES
Revenue
$21,237
PROVISION FOR LOAN LOSSES
Revenue
$14,515
LOAN PROGRAM OTHER INCOME
Revenue
$14,410
Organization Details
Founding Year
1986
Phone
(218) 723-4040Principal Officer
Anthony Sertich
Main Address
202 WEST SUPERIOR STREET 800, DULUTH, MN, 55802
Website
www.northlandfdn.orgNTEE Category
Code: T30 - Philanthropy
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