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Granite Charitable

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

EIN: 842810742 ✦ St cloud, MN ✦ Designated as a 501(c)(3)

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Overview

What is Granite Charitable?

Granite Charitable is a nonprofit organization based in St. Cloud, Minnesota, with the primary mission of providing funding support to various non-profits in the state. Operating to benefit a supported organization, Granite Charitable distributes grant funds totalling $797,413 to CommunityGiving, as well as smaller amounts to four other foundations. These grants are utilized by the supported organizations to fund the work of numerous non-profits in Minnesota, focusing on reducing poverty, advancing economic opportunity, and enhancing community well-being.

Is Granite Charitable legitimate?

Granite Charitable is a legitimate nonprofit organization registered as a 501(c)(3) entity. Granite Charitable 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Granite Charitable?

Granite Charitable operates with the objective of supporting a specific organization. Its mission is to provide funding to non-profit organizations in Minnesota, aiming to reduce poverty, advance economic opportunities, and enhance community well-being. It accomplishes this by making grants through its primary supported organization, CommunityGiving, and various other foundations. These grants support designated community impact/donor advised funds, contributing to the work of various non-profits in Minnesota.

Who is the CEO of Granite Charitable?

Greta Stark-Kraker is the Chair of Granite Charitable.

What is the revenue of Granite Charitable?

Granite Charitable's revenue in 2023 was $6,900,377.

Who are the executives of Granite Charitable and what are their salaries?

There 12 volunteers at Granite Charitable.


Here are 7 key members and their salaries:


Dennis Gregory (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa Maurer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steven Joul (Director)
  • Compensation: $0
  • Related: $223,821
  • Other: $20,330
Greta Stark-Kraker (President)
  • Compensation: $0
  • Related: $115,348
  • Other: $10,973
Carrie Abfalter (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elise Wiener (Treasurer)
  • Compensation: $0
  • Related: $134,581
  • Other: $11,450
Sara Carlson (Wacf Executive Director)
  • Compensation: $0
  • Related: $109,697
  • Other: $31,377
Where can I find the form 990 for Granite Charitable?

Granite Charitable's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Granite Charitable

Granite Charitable, an organization that operates with a specific purpose in mind, contributes to the mission of supporting other non-profit organizations. Its primary objective is to provide funding to non-profit entities in Minnesota, with a focus on reducing poverty, advancing economic opportunities, and enhancing community well-being. The organization achieves this goal by making grants through its primary supported organization, CommunityGiving. These grants are used to fund various designated community impact and donor-advised funds.

Beyond CommunityGiving, Granite Charitable also provides funding support to organizations like the Initiative Foundation, the Minneapolis Foundation, and the Southern Minnesota Initiative Foundation, through their donor-advised funds. By doing so, Granite Charitable plays a significant role in providing financial assistance to a multitude of non-profit organizations working towards improving the social and economic conditions in Minnesota. The grants provided by Granite Charitable serve as a crucial source of funding for these non-profit entities, enabling them to carry out their mission and make a positive impact in their respective communities.

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Impact




October, 2024

Granite Charitable significantly impacts the community by distributing substantial financial support to various organizations aimed at enhancing the well-being of individuals in Minnesota. In its efforts to alleviate poverty and promote economic opportunity, Granite Charitable allocated $797,413 to CommunityGiving, the primary supported organization, which manages designated community impact and donor-advised funds. Additionally, grants of $27,248, $26,617, and $22,724 were provided to the Initiative Foundation, Minneapolis Foundation, and Southern Minnesota Initiative Foundation, respectively. These funds empower non-profits across the state to implement programs that effectively address critical community needs, ultimately fostering a healthier, more prosperous society in Minnesota.




This information is meant to be a general summary of Granite Charitable. 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
$6,900,377 (2023)
Expenses
$957,500 (2023)
Efficiency

Other financial information:

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

  • Gross Receipts: $6,900,377

Assets and Liabilities:

  • Total Assets: $39,152,654
  • Total Liabilities: $0
  • Net Assets: $39,152,654

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Organization Details

Founding Year

2018

Principal Officer

Greta Stark-Kraker

Main Address

101 7TH AVENUE S 210, ST CLOUD, MN, 56301

NTEE Category

Code: T11 - Philanthropy

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