Overview
What is Saint Paul & Minnesota Foundation?
Saint Paul & Minnesota Foundation is a charitable organization dedicated to inspiring generosity, advocating for equity, and investing in community-driven solutions. Their primary objective is to share knowledge and resources to positively impact the communities they serve. The foundation's mission encompasses inspiring charitable giving, championing equity, and supporting community-led initiatives.
Official website here: www.spmcf.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 99%, Four-Star out of Four Star rating.
The Saint Paul & Minnesota Foundation has received an impressive 99% rating from Charity Navigator, which reflects its strong performance in accountability and financial health. With 100% of its board members being independent and a robust financial oversight structure, the foundation demonstrates a commitment to transparency and responsible governance. The high scores in various financial metrics indicate effective management of resources.
The organization excels in maintaining low fundraising costs and a high program expense ratio, ensuring that a significant portion of contributions directly supports its programs. Its financial statements are transparently shared on its website, further enhancing its accountability to stakeholders. The foundation also has a solid framework in place for conflict of interest, whistleblower protection, and asset management.
However, there is a noted limitation regarding the absence of a donor privacy policy, which marginalized its overall score slightly. While this does not significantly detract from its strong governance and financial practices, addressing this gap could further enhance trust and confidence among its supporters and donors.
This AI summary has been generated from information found on Charity Navigator.
Is Saint Paul & Minnesota Foundation legitimate?
Saint Paul & Minnesota Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Saint Paul & Minnesota 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: $2,190,493
Professional Fundraising Fees: $211,740
Other Salaries and Wages: $5,107,303
For more financial information, click here
Official website here: www.spmcf.org
What is the mission statement of Saint Paul & Minnesota Foundation?
The Saint Paul & Minnesota Foundation dedicates itself to inspiring generosity and advocating for equity while investing in community-led solutions. In line with this mission, the organization strives to share vital knowledge and resources with the communities it serves, aiming to create meaningful benefits and positive impacts. By promoting a culture of giving and collaboration, the foundation fosters sustainable solutions to address local challenges and support the overall development of the communities it serves. Through its initiatives and investments, the organization seeks to create lasting change and contribute to a more inclusive and thriving society.
Official website here: www.spmcf.org
Who is the CEO of Saint Paul & Minnesota Foundation?
Scott Zastoupil is the Board Chair of Saint Paul & Minnesota Foundation.
Official website here: www.spmcf.org
What is the revenue of Saint Paul & Minnesota Foundation?
Saint Paul & Minnesota Foundation's revenue in 2022 was $122,971,818.
Official website here: www.spmcf.org
Who are the executives of Saint Paul & Minnesota Foundation and what are their salaries?
The average compensation at Saint Paul & Minnesota Foundation during 2022 was $87,925. There are 83 employees and 167 volunteers at Saint Paul & Minnesota Foundation.
Here are 35 key members and their salaries:
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- Other: $21,880
Official website here: www.spmcf.org
Where can I find the form 990 for Saint Paul & Minnesota Foundation?
Saint Paul & Minnesota Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.spmcf.org
Learn more at the official website: www.spmcf.org
Mission Statement of Saint Paul & Minnesota Foundation
The Saint Paul & Minnesota Foundation is a philanthropic organization that inspires generosity and invests in community-led solutions. With a mission to share knowledge and resources, the Foundation strives to make a positive impact on the communities it serves.
In simple terms, the Saint Paul & Minnesota Foundation serves as a bridge, connecting those who have the means to give with the organizations and initiatives that need support. By sharing its resources, the Foundation empowers local efforts to create lasting change.
The Foundation's commitment to equity is a central tenet of its mission. It advocates for policies and practices that promote fairness and justice, ensuring that all individuals have an equal opportunity to thrive. Moreover, it prioritizes community-led solutions, recognizing the power of local voices and expertise in addressing unique challenges and opportunities.
Through its various initiatives and partnerships, the Saint Paul & Minnesota Foundation fosters collaboration and cooperation, bringing together diverse stakeholders to tackle complex issues and build stronger, more resilient communities. Ultimately, its mission is one of transformation, seeking to create a world where everyone has access to the resources and opportunities they need to live healthy, fulfilling lives.
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Impact
October, 2024
Saint Paul & Minnesota Foundation inspires generosity, advocates for equity, and invests in community-led solutions across the region. By sharing knowledge and resources, it fosters collaboration and innovation to address local needs. The foundation's mission extends to empowering communities by supporting initiatives that uplift and transform lives, ensuring that resources are directed towards impactful solutions that resonate with the specific challenges and aspirations of the communities they serve. Through their efforts, they contribute to building a more equitable and vibrant Minnesota.
This information is meant to be a general summary of Saint Paul & Minnesota 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: $50,451,562
- Program Service Revenue: $1,052,821
- Gross Receipts: $350,614,926
Assets and Liabilities:
- Total Assets: $1,457,121,171
- Total Liabilities: $10,935,759
- Net Assets: $1,446,185,412
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEES FOR SERVICES
Revenue
$614,937
PROGRAM INTEREST
Revenue
$283,300
PRIVATE FOUNDATION SERVICES
Revenue
$154,584
Organization Details
Founding Year
1940
Phone
(651) 224-5463Principal Officer
Scott Zastoupil
Main Address
101 FIFTH STREET EAST SUITE 2400, SAINT PAUL, MN, 55101
Website
www.spmcf.orgNTEE Category
Code: T310 - Philanthropy
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