Overview
What is The Minneapolis Foundation?
The Minneapolis Foundation is a nonprofit organization dedicated to fostering community well-being and vibrancy through collective action. With a belief that each citizen's welfare is interconnected, the foundation drives impact by partnering with nonprofits, facilitating grantmaking, conducting research and advocacy, and providing donor services. Their mission is to cultivate generosity and address the greatest civic, social, and economic needs in their communities.
Official website here: www.minneapolisfoundation.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 99%, Four-Star out of Four Star rating.
The Minneapolis Foundation has achieved an impressive 99% rating, primarily reflecting its excellence in Accountability & Finance. The score indicates strong financial practices and transparency, which are crucial for maintaining donor trust. With a perfect score for the majority of accountability measures, it demonstrates a commitment to ethical governance and responsible management of resources.
Strengths of the organization include a fully independent board, robust financial oversight through an audit committee, and a lack of material diversion of assets. The foundation also has solid policies in place concerning conflicts of interest, whistleblower protections, and document retention. Additionally, it maintains a high program expense ratio of 92.51%, indicating that a large portion of its expenditures directly supports its mission.
While the foundation exhibits numerous strengths, it's worth noting that the donor privacy policy is missing from its website, which may be a concern for some potential contributors. Overall, The Minneapolis Foundation's financial health and operational integrity position it as a trustworthy choice for donors looking to support impactful initiatives in the community.
This AI summary has been generated from information found on Charity Navigator.
Is The Minneapolis Foundation legitimate?
The Minneapolis Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Minneapolis 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: $1,363,740
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,615,372
For more financial information, click here
Official website here: www.minneapolisfoundation.org
What is the mission statement of The Minneapolis Foundation?
The Minneapolis Foundation is dedicated to fostering collective action and addressing the greatest civic, social, and economic needs. They partner with nonprofits, facilitate grantmaking, drive research and advocacy, and provide services to donors seeking to make a difference in their communities. The organization recognizes the interconnectedness of each individual's well-being and believes that the strength of any community is determined by the quality of its relationships.
Official website here: www.minneapolisfoundation.org
Who is the CEO of The Minneapolis Foundation?
Gregory Wenz is the Board Chair of The Minneapolis Foundation. The CEO's salary of The Minneapolis Foundation is $405,419 and their total compensation is $470,504.
Official website here: www.minneapolisfoundation.org
What is the revenue of The Minneapolis Foundation?
The Minneapolis Foundation's revenue in 2023 was $115,302,787.
Official website here: www.minneapolisfoundation.org
Who are the executives of The Minneapolis Foundation and what are their salaries?
The average compensation at The Minneapolis Foundation during 2023 was $102,634. There are 68 employees and 35 volunteers at The Minneapolis Foundation.
Here are 41 key members and their salaries (The Minneapolis Foundation's CEO's salary is $405,419 and their total compensation is $470,504):
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- Compensation: $405,419
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Official website here: www.minneapolisfoundation.org
Where can I find the form 990 for The Minneapolis Foundation?
The Minneapolis Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.minneapolisfoundation.org
Learn more at the official website: www.minneapolisfoundation.org
Mission Statement of The Minneapolis Foundation
The Minneapolis Foundation, a leading nonprofit organization, is dedicated to fostering collective action and addressing the greatest civic, social, and economic needs in communities. With a belief that every citizen's well-being is interconnected, the foundation focuses on cultivating generosity and taking tangible steps to enhance community vitality.
The Minneapolis Foundation is a dynamic force in the nonprofit sector, partnering with organizations to drive impactful initiatives. By facilitating grantmaking, the foundation supports a diverse range of nonprofits in their missions. Moreover, the organization conducts research and advocacy efforts to bring about systemic change. In addition, The Minneapolis Foundation offers services to donors seeking to make a difference in their communities.
In pursuit of its mission, The Minneapolis Foundation recognizes the importance of strong relationships within a community. Through its collaborative approach, the organization aims to create a ripple effect of positive change, with each improvement contributing to the overall well-being of the community. By investing in relationships and fostering a culture of generosity, The Minneapolis Foundation plays a crucial role in driving vibrant and resilient communities.
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Impact
October, 2024
The Minneapolis Foundation drives collective action to foster strong, vibrant communities, working to ensure that the well-being of each citizen is interconnected with that of others. By cultivating generosity, it addresses significant civic, social, and economic needs through various initiatives. The Foundation facilitates grantmaking, conducts research, advocates for critical issues, and provides services to donors aiming to make impactful changes in their communities. Its mission emphasizes the power of relationships in determining a community's vitality, ultimately enhancing the overall quality of life in Minneapolis and beyond.
This information is meant to be a general summary of The Minneapolis 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: $19,200,778
- Program Service Revenue: $951,337
- Gross Receipts: $264,620,090
Assets and Liabilities:
- Total Assets: $1,039,176,403
- Total Liabilities: $65,370,320
- Net Assets: $973,806,083
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMINISTRATIVE FEES
Revenue
$951,337
Organization Details
Founding Year
1915
Phone
(612) 672-3878Principal Officer
Gregory Wenz
Main Address
800 IDS CENTER 80 S EIGHTH ST, MINNEAPOLIS, MN, 55402
NTEE Category
Code: T310 - Philanthropy
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