Overview
What is Minnesota State Fair Foundation?
The Minnesota State Fair Foundation is a nonprofit organization situated in St. Paul, Minnesota. Its primary mission revolves around preserving and enhancing the historic Minnesota State Fairgrounds, while also supporting various programs and projects within the realms of agriculture, arts and culture, education, environment, and history. The organization grants funds for capital improvements and program enhancements, and also maintains assets for future grants, all while continuously building endowment funds. With a dedicated team of 25 employees, the Minnesota State Fair Foundation aims to uphold the rich heritage of the Minnesota State Fair, ensuring its continued success and growth.
Official website here: www.msffoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star rating)
The Minnesota State Fair Foundation has received a commendable Four-Star rating from Charity Navigator, indicating a strong performance in accountability and finance. The foundation boasts a perfect score for having a fully independent board and demonstrates thorough financial oversight, with no recorded material diversion of assets. Their commitment to transparency is further evidenced by their comprehensive policies on conflict of interest and whistleblower protections.
Strengths of the organization include a solid financial health profile, characterized by a very low liabilities-to-assets ratio and exceptional fundraising efficiency. The program expense ratio, while somewhat lower, still reflects a significant commitment to their mission-related activities. The foundation effectively manages its resources, allowing for sustainable operations as indicated by a working capital ratio of over three years.
However, the program expense ratio suggests there may be room for improvement in how funds are allocated directly to programs versus administrative costs. Overall, the Minnesota State Fair Foundation demonstrates strong operational integrity and a commitment to its mission, making it a reliable choice for donors looking to support its initiatives.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Minnesota State Fair Foundation?
2 reviews on Facebook express a positive sentiment towards the Minnesota State Fair Foundation. Enthusiastic comments highlight the enjoyable aspects of the event, such as the people, food, music, and overall fun atmosphere. Users appreciate the experience provided by the foundation, indicating a strong personal connection to the State Fair.
The enthusiasm suggests that attendees find significant value in what the foundation promotes and supports. It appears that the foundation does a great job fostering a sense of community and celebration among visitors. Overall, even with limited reviews, the sentiment towards the nonprofit is clearly positive, reflecting enjoyment and satisfaction from those who participate.
This AI summary has been generated from reviews found on Facebook.
Is Minnesota State Fair Foundation legitimate?
Minnesota State Fair Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Minnesota State Fair 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: $147,063
Professional Fundraising Fees: $0
Other Salaries and Wages: $375,163
For more financial information, click here
Official website here: www.msffoundation.org
What is the mission statement of Minnesota State Fair Foundation?
The Minnesota State Fair Foundation's mission is centered around preserving and enhancing the Minnesota State Fair grounds, as well as supporting various programs and initiatives within the realms of agriculture, arts and culture, education, environment, and history. Their primary objective is to improve the historic fairgrounds and contribute to the success of state fair programs and projects. The foundation provides grants for capital improvements and program enhancements that align with these areas: agricultural education, art and culture, environment, history and heritage, and education. Additionally, the foundation holds assets for future grants and continues to build endowment funds.
Official website here: www.msffoundation.org
What is the revenue of Minnesota State Fair Foundation?
Minnesota State Fair Foundation's revenue in 2024 was $13,731,998.
Official website here: www.msffoundation.org
Who are the executives of Minnesota State Fair Foundation and what are their salaries?
The average compensation at Minnesota State Fair Foundation during 2024 was $22,705. There are 23 employees and 275 volunteers at Minnesota State Fair Foundation.
Here are 30 key members and their salaries:
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Official website here: www.msffoundation.org
Where can I find the form 990 for Minnesota State Fair Foundation?
Minnesota State Fair Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.msffoundation.org
Learn more at the official website: www.msffoundation.org
Mission Statement of Minnesota State Fair Foundation
The Minnesota State Fair Foundation's mission revolves around preserving and enhancing the historic Minnesota State Fairgrounds, as well as supporting various programs and projects aligned with agriculture, arts and culture, education, the environment, and history. This nonprofit organization grants funds to the Minnesota State Fair for capital improvements and program enhancements, focusing on areas such as agricultural education, art and culture, environment, history and heritage, and education. Furthermore, the foundation retains assets for future grants and continues to build endowment funds, thereby contributing to the ongoing development and maintenance of the Minnesota State Fair.
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Impact
July, 2024
The Minnesota State Fair Foundation's impact is focused on preserving and enhancing the historic Minnesota State Fairgrounds, as well as supporting various state fair programs and projects in agriculture, arts & culture, education, the environment, and history. The Foundation grants funds to the Minnesota State Fair for capital and program improvements aligned with these areas of focus. Additionally, the Foundation retains assets for future grants and continues to build endowment funds to sustain its philanthropic efforts. This impact helps ensure the ongoing success and relevance of the Minnesota State Fair for both current and future generations.
This information is meant to be a general summary of Minnesota State Fair 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 2024.
- Investment Income: $287,695
- Gross Receipts: $13,884,845
Assets and Liabilities:
- Total Assets: $5,176,918
- Total Liabilities: $117,266
- Net Assets: $5,059,652
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Organization Details
Founding Year
2001
Principal Officer
Jason Koerth
Website
www.msffoundation.orgNTEE Category
Code: T22 - Philanthropy
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