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Foothold Twin Cities

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 474745843 ✦ Minneapolis, MN ✦ Designated as a 501(c)(3)

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Overview

What is Foothold Twin Cities?

Foothold Twin Cities is a compassionate nonprofit organization situated in the Twin Cities area. Their primary mission is to aid families in crisis by offering one-time financial assistance to cover urgent bills such as rent, mortgage, and childcare expenses. By ensuring that every donated dollar is directly allocated to this purpose, they have managed to assist 114 families, contributing over $126,000 towards their stability. The organization prides itself on its commitment to direct aid, ensuring that families can weather through tough times with minimal disruption.

Is Foothold Twin Cities legitimate?

Foothold Twin Cities is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foothold Twin Cities submitted a form 990EZ, 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.

What is the mission statement of Foothold Twin Cities?

Foothold Twin Cities, an organization aimed at aiding families in crisis, has a mission to ensure that every donated dollar directly contributes to alleviating urgent financial burdens. By providing one-time payments, they help families sustain essential expenses such as rent, mortgage, and childcare, thereby maintaining their stability during challenging times. To date, Foothold Twin Cities has disbursed over $126,000 to support 114 families in need. The organization's primary objective is to utilize donations effectively, ensuring that they make a tangible difference in the lives of those who are struggling.

Who is the CEO of Foothold Twin Cities?

Terance Walsh is the President of Foothold Twin Cities.

What is the revenue of Foothold Twin Cities?

Foothold Twin Cities's revenue in 2023 was $164,560.

Who are the executives of Foothold Twin Cities and what are their salaries?


Here are 3 key members and their salaries:


Terance Walsh (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Amber Lampron (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Baumgart (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Foothold Twin Cities?

Foothold Twin Cities's most recent form 990EZ was submitted in 2023 and can be accessed here.

Mission Statement of Foothold Twin Cities

Foothold Twin Cities, a nonprofit organization, is committed to aiding families in crisis by providing direct financial assistance. Their mission is to ensure that every donated dollar is utilized to its full potential, directly benefiting families in need. This assistance typically takes the form of one-time payments to cover urgent expenses such as rent, mortgage, and childcare. To date, Foothold Twin Cities has successfully disbursed over $126,000, helping 114 families maintain their stability during challenging times.

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Impact




October, 2024

Foothold Twin Cities plays a vital role in supporting families in crisis by providing immediate financial assistance for urgent bills. The impact of the organization can be seen in the over $126,000 disbursed to help 114 families maintain their stability during challenging times. This support covers essential expenses such as rent, mortgage, and childcare, enabling families to avoid potential hardships like eviction or loss of housing. The direct distribution of funds ensures that every dollar donated contributes to preserving the well-being of families in the Minneapolis area, reflecting a strong commitment to community resilience and stability in the face of adversity.




This information is meant to be a general summary of Foothold Twin Cities. 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.

Revenue
$164,560 (2023)
Expenses
$145,767 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Gross Receipts: $164,560

Assets and Liabilities:

  • Total Assets: $22,748
  • Total Liabilities: $0
  • Net Assets: $22,748

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Organization Details

Principal Officer

Terance Walsh

Main Address

3837 Oakland Ave S, MINNEAPOLIS, MN, 55407

NTEE Category

Code: P60 - Human services

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