MINNESOTA COMMUNITY FOUNDATION Charity Report

Tax-exempt status may be revoked

MINNESOTA COMMUNITY FOUNDATION

EIN 41-0832480 · Community Foundations (T31)

What they do

PURPOSE: WE INSPIRE GENEROSITY, ADVOCATE for EQUITY and INVEST IN COMMUNITY-LED SOLUTIONS. ASPIRATION: WE ENVISION AN EQUITABLE, JUST and VIBRANT MINNESOTA WHERE ALL COMMUNITIES and PEOPLE THRIVE. VALUES: WE LISTEN. WE INNOVATE and LEARN. COMMUNITY is OUR COMPASS. WE COMMIT to EQUITY. WE NURTURE PHILANTHROPY. ABOUT MINNESOTA COMMUNITY FOUNDATION WE BELIEVE IN THE BEST of MINNESOTA and THE POWER of ITS COMMUNITIES. WITH ROOTS IN SAINT PAUL and PARTNERS ACROSS THE STATE, WE ARE ONE of MINNESOTAS LARGEST COMMUNITY FOUNDATIONS and THE PARTNER of CHOICE for THOUSANDS of DONORS, NONPROFITS, and COMMUNITY ORGANIZATIONS. WE INSPIRE GENEROSITY to MAKE MINNESOTA BETTER for ALL WHO CALL IT HOME. WE BELIEVE IN THE BEST of MINNESOTA and THE POWER of ITS COMMUNITIES. WE BELIEVE THERE is NO HIERARCHY IN HUMAN VALUE. WE BELIEVE THAT OUR COMMUNITIES ARE ONLY AS STRONG AS OUR MOST VULNERABLE. WE BELIEVE GENEROSITY INSPIRES CHANGE. WITH ROOTS IN SAINT PAUL and PARTNERS ACROSS THE STATE, WE ONE of MINNES

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Basic facts we verified

IRS warning checkThere may be a problem with its nonprofit status. Check before giving.

Money report from 2019The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders38 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

72.66%of revenue went to mission work92.5% of expenses · Program services

1.07%of revenue went to fundraising1.4% of expenses

$78.58spent for every $100 of revenueRevenue covered expenses this year.

4.85%of revenue went to management and office costs6.2% of expenses

$9.13in assets for every $1 spent this yearSome assets cannot be spent right away.

34.8%of its money came from giftsOther money may come from services or investments.

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Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $45,926 for ERIC JOLLY PRESIDENT (SECRETARY). Compare pay with organizations of similar size and complexity.

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Money

Financial picture

Tax year 2019

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$44,948,214

Mission workProgram services$32,659,87072.66% of revenue92.5% of expenses

ManagementOffice and general costs$2,179,6224.85% of revenue6.2% of expenses

FundraisingAsking for donations$480,1911.07% of revenue1.4% of expenses

Revenue left after expensesReported annual surplus$9,628,53121.42% of revenueShown in gray on the chart

Total expenses$35,319,68378.58% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2019CurrentExpense mix: 92.5% mission · 6.2% management · 1.4% fundraisingTotal expenses: 78.58% of revenue

2018Expense mix: 91.3% mission · 6.1% management · 2.6% fundraisingTotal expenses: 64.77% of revenue

2017Expense mix: 92.6% mission · 4.4% management · 2.9% fundraisingTotal expenses: 66.23% of revenue

2016Expense mix: 91.1% mission · 7.2% management · 1.7% fundraisingTotal expenses: 61.62% of revenue

Money in and money out

Revenue$44,948,214

Expenses$35,319,683

Annual surplus $9,628,531 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$32,659,870 · 92.5% of expenses

Management and office costs$2,179,622 · 6.2% of expenses

Fundraising$480,191 · 1.4% of expenses

See all reported dollar amounts

Revenue$44,948,214

Expenses$35,319,683

Assets$322,321,809

Contributions$15,661,886

Mission work (program services)$32,659,870

Fundraising$480,191

Grants given$103,367,280

Average grant$62,120

Management and general$2,179,622

Stocks and bonds$174,500,407

Accounting fees$16,978

Investing fees$1,023,522

People

Leadership and board

Tax year 2019

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

ERIC JOLLY PRESIDENTSECRETARY · 5 hrs/week $45,926Base · Other $45,926

ANN MULHOLLANDEVP COMMUNIT · 5 hrs/week $42,417Base · Other $42,417

JEREMY WELLSSVP PHILANTH · 5 hrs/week $42,046Base · Other $42,046

CHRISTINE SEARSONCFO, TREASUR · 5 hrs/week $37,405Base · Other $37,405

MICHELE BELISLEASSOCIATE VP · 5 hrs/week $26,189Base · Other $26,189

RHONDA COXASSOCIATE VP · 5 hrs/week $24,758Base · Other $24,758

STEPHANIE BATTLEDIR COMMUNIT · 5 hrs/week $22,592Base · Other $22,592

CARRIE JO SHORTSR DIR OF CO · 5 hrs/week $21,177Base · Other $21,177

NADEGE SOUVENIRSR VP OF OPE · 5 hrs/week $20,789Base · Other $20,789

MELANIE HOFFERTCHIEF MRKT O · 5 hrs/week $20,280Base · Other $20,280

SCOTT ZASTOUPILCFO (STARTIN · 5 hrs/week $19,352Base · Other $19,352

SHANNON OLEARY CIOINTERIM TREA · 5 hrs/week $7,992Base · Other $7,992

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (38)

ERIC JOLLY PRESIDENTSECRETARY

ANN MULHOLLANDEVP COMMUNIT

JEREMY WELLSSVP PHILANTH

CHRISTINE SEARSONCFO, TREASUR

MICHELE BELISLEASSOCIATE VP

RHONDA COXASSOCIATE VP

STEPHANIE BATTLEDIR COMMUNIT

CARRIE JO SHORTSR DIR OF CO

NADEGE SOUVENIRSR VP OF OPE

MELANIE HOFFERTCHIEF MRKT O

SCOTT ZASTOUPILCFO (STARTIN

SHANNON OLEARY CIOINTERIM TREA

MATT MAJKABOARD MEMBER

KATHY TUNHEIMBOARD MEMBER

MICHAEL OTTBOARD MEMBER

MIGUEL RAMOSBOARD MEMBER

PAHOUA HOFFMANBOARD MEMBER

PAUL SNYDERBOARD CHAIR

RASSOUL DASTMOZDBOARD MEMBER

SCOTT BURNSBOARD MEMBER

SHANNON OLEARYINTERIM TREA

STEVEN FRITZEBOARD MEMBER

MARY JANE MELENDEZBOARD MEMBER

MARK HENNEMANBOARD MEMBER

ADINE MOMOHBOARD MEMBER

KATHLEEN SCHMIDLKOFERBOARD MEMBER

JOSEPH LEEBOARD MEMBER

JOE NAYQUONABEBOARD MEMBER

JILL FARRINGTONBOARD MEMBER

JANICE ANGELLBOARD VICE C

JACY GRAISBOARD MEMBER

GLORIA PEREZBOARD MEMBER

ERIC JOLLY PRESIDENT ANDBOARD SECRET

ERIC HAMMESBOARD MEMBER

DIANE TRANBOARD MEMBER

CRAIG STAPLETONBOARD MEMBER

CHRISTOPHER HILGERBOARD MEMBER

ANDY REEHERBOARD MEMBER

About this charity

Location: 101 FIFTH STREET EAST SUITE 2400, SAINT PAUL, MN 55101
County: Ramsey
In care of: SCOTT ZASTOUPIL
Primary officer: SCOTT ZASTOUPIL, CFO (STARTING 12/19)

How to reach them

WebsiteVisit the charity’s website Emailinfo@spmcf.org Phone(651) 224-5463

Filing and classification

Latest tax year: 2019
Tax period began: January 1, 2019
Return type: 990
Tax preparer: AKINS HENKE AND COMPANY
NTEE classification: Community Foundations (T31)
IRS tax category: Community Foundations
Grant-giving organization: Yes
Revocation date: May 15, 2023