SAINT PAUL & MINNESOTA FOUNDATION Charity Report

Public IRS 990 nonprofit record

SAINT PAUL & MINNESOTA FOUNDATION

EIN 41-6031510 · Philanthropy, Voluntarism & Grantmaking Foundations (T310)

What they do

PURPOSE: WE INSPIRE, ADVOCATE and INVEST to ADVANCE COMMUNITY VISIONS. CONTINUED ON SCH O

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $93.10 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

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

They name their leaders32 people are listed in the latest report.

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

Money made simple

126.54%of revenue went to mission work93.1% of expenses · Program services

2.85%of revenue went to fundraising2.1% of expenses

$135.87spent for every $100 of revenueSpending was higher than revenue this year.

6.49%of revenue went to management and office costs4.8% of expenses

$7.41in assets for every $1 spent this yearSome assets cannot be spent right away.

41.7%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $57,742,414 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $805,411 for ERIC JOLLY (PRESIDENT/CEO/SECRETARY). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

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$160,961,315

Mission workProgram services$203,680,682126.54% of revenue93.1% of expenses

ManagementOffice and general costs$10,442,9866.49% of revenue4.8% of expenses

FundraisingAsking for donations$4,580,0612.85% of revenue2.1% of expenses

Total expenses$218,703,729135.87% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

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

2024CurrentExpense mix: 93.1% mission · 4.8% management · 2.1% fundraisingTotal expenses: 135.87% of revenue

2023Expense mix: 88.8% mission · 8.1% management · 3.1% fundraisingTotal expenses: 110.89% of revenue

2022Expense mix: 88.0% mission · 8.7% management · 3.3% fundraisingTotal expenses: 91.82% of revenue

2021Expense mix: 89.3% mission · 8.0% management · 2.7% fundraisingTotal expenses: 42.55% of revenue

2020Expense mix: 89.6% mission · 8.0% management · 2.5% fundraisingTotal expenses: 25.69% of revenue

2019Expense mix: 84.9% mission · 12.0% management · 3.1% fundraisingTotal expenses: 59.97% of revenue

2018Expense mix: 88.7% mission · 9.9% management · 1.3% fundraisingTotal expenses: 67.17% of revenue

2017Expense mix: 90.3% mission · 8.0% management · 1.7% fundraisingTotal expenses: 64.03% of revenue

Money in and money out

Revenue$160,961,315

Expenses$218,703,729

Annual shortfall $57,742,414 Expenses were higher than revenue 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)$203,680,682 · 93.1% of expenses

Management and office costs$10,442,986 · 4.8% of expenses

Fundraising$4,580,061 · 2.1% of expenses

See all reported dollar amounts

Revenue$160,961,315

Expenses$218,703,729

Assets$1,620,727,942

Income$561,991,157

Contributions$67,128,945

Mission work (program services)$203,680,682

Fundraising$4,580,061

Grants given$784,467,600

Average grant$81,937

Management and general$10,442,986

Executive compensation (total)$1,620,773

Stocks and bonds$712,592,436

Accounting fees$152,317

Investing fees$5,907,018

People

Leadership and board

Tax year 2024

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

People reported as paid

Person and titleCompensation

ERIC JOLLYPRESIDENT/CEO/SECRETARY · 40 hrs/week $805,411Base $602,528 · Other $202,883

SHANNON OLEARYCHIEF INVESTMENT OFFICER · 40 hrs/week $585,079Base $550,411 · Other $34,668

ASHLEY GAMDIRECTOR OF INVESTMENTS · 40 hrs/week $377,222Base $337,953 · Other $39,269

JEREMY WELLSSVP PHIL SERVICES · 40 hrs/week $337,780Base $286,370 · Other $51,410

SCOTT ZASTOUPILCFO/TREASURER · 40 hrs/week $312,759Base $277,724 · Other $35,035

MELANIE HOFFERTCHIEF MARKETING OFFICER · 40 hrs/week $265,918Base $235,015 · Other $30,903

RHONDA COXVP OF PEOPLE AND CULTURE · 40 hrs/week $243,073Base $206,089 · Other $36,984

CARRIE JO SHORTDIR OF COMMUNITY & IMPACT INVESTING · 40 hrs/week $234,200Base $206,699 · Other $27,501

CASEY SHULTZDIR OF COMMUNITY & IMPACT INVESTING · 40 hrs/week $217,340Base $196,738 · Other $20,602

MAI-ANH TRANAVP OF PHIL SERVICES · 40 hrs/week $212,990Base $177,019 · Other $35,971

ALFONSO WENKERSVP OF COMMUNITY IMPACT · 40 hrs/week $212,321Base $194,929 · Other $17,392

VICKIE VIAENEAVP OF FINANCE · 40 hrs/week $189,883Base $172,186 · Other $17,697

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 (32)

ERIC JOLLYPRESIDENT/CEO/SECRETARY

SHANNON OLEARYCHIEF INVESTMENT OFFICER

ASHLEY GAMDIRECTOR OF INVESTMENTS

JEREMY WELLSSVP PHIL SERVICES

SCOTT ZASTOUPILCFO/TREASURER

MELANIE HOFFERTCHIEF MARKETING OFFICER

RHONDA COXVP OF PEOPLE AND CULTURE

CARRIE JO SHORTDIR OF COMMUNITY & IMPACT INVESTING

CASEY SHULTZDIR OF COMMUNITY & IMPACT INVESTING

MAI-ANH TRANAVP OF PHIL SERVICES

ALFONSO WENKERSVP OF COMMUNITY IMPACT

VICKIE VIAENEAVP OF FINANCE

MICHAEL ECHOLSDIRECTOR

ALEX WEST STEINMANDIRECTOR

TAREK TOMESDIRECTOR

BO THAO-URABEDIRECTOR

CHRIS GALVINDIRECTOR

RICHARD SENESEDIRECTOR

CHRISTOPHE BECKDIRECTOR

NAUSHEENA HUSSAINDIRECTOR

NANCY LYONSDIRECTOR

MIGUEL RAMOSDIRECTOR

JACY GRAISDIRECTOR

DANIEL LEMMDIRECTOR

MATT MAJKADIRECTOR

MARY JANE MELENDEZDIRECTOR

MARK HENNEMANDIRECTOR

DIANE TRANCHAIR

KATHY TUNHEIMDIRECTOR

JOSEPH LEEVICE CHAIR

JILL FARRINGTONDIRECTOR

GLORIA PEREZDIRECTOR

About this charity

Recognized since: January 1995
Location: 370 WABASHA STREET NORTH 300, ST PAUL, MN 55102
County: Ramsey
In care of: SCOTT ZASTOUPIL
Primary officer: SCOTT ZASTOUPIL, CFO

How to reach them

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

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: CLIFTONLARSONALLEN LLP
NTEE classification: Philanthropy, Voluntarism & Grantmaking Foundations (T310)
IRS tax category: Grantmaking Foundations
Grant-giving organization: Yes