Minnesota Council on Foundations

EIN: 411269275 501(c)(3)

Saint Paul, MN

Total Revenue
$6,431,608
Total Expenses
$3,582,987
Total Assets
$5,881,087
Net Assets
$5,673,606
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1975
Legal Domicile
MN
Principal Officer
Flor Frey
Phone
6123381989
Tax Period
2024-01-01 to 2024-12-31

Minnesota Council on Foundations, founded in 1975, is a community nonprofit that reported $6.4M in total revenue in fiscal year 2024. Revenue surged 115% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.8M, a strong 44% operating margin.

Mission

MCF is a vibrant philanthropic community connecting, strengthening and mobilizing the power of philanthropy to advance prosperity and equity.

Program Service Accomplishments

Program 1
Expenses: $918,475

Supporting Minnesota Communities: The Minnesota Council on Foundations engages with nonprofit organizations and partners to strengthen the practice of philanthropy, build relationships between...

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Supporting Minnesota Communities: The Minnesota Council on Foundations engages with nonprofit organizations and partners to strengthen the practice of philanthropy, build relationships between philanthropy and the community, and promote community engagement and civic health. In 2024, this included grant support for organizations engaged in voter education on new election laws and voting rights and the launch of Press Forward Minnesota, the Minnesota chapter of a national movement to strengthen democracy by revitalizing local news and information.

Program 2
Expenses: $1,058,887 Revenue: $248,229

Membership Services:MCF conducts a wide range of training and professional development opportunities for grantmakers, and creates opportunities for peer networking and learning within the field...

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Membership Services:MCF conducts a wide range of training and professional development opportunities for grantmakers, and creates opportunities for peer networking and learning within the field. Programs include: grantmaking skills; briefings on current events and issues; foundation type and issue based peer networks; and trends in the nonprofit and philanthropic sectors. MCF provides programming and peer learning opportunities in a range of issues related to Diversity, Equity and Inclusion. MCF's government relations and public policy program provides education, training and peer networks to its members, encouraging the incorporation of public policy and advocacy into grantmaking, in adherence with professional and legal practices. MCF responds to public policy issues related to the field of philanthropy, and advances public policy issues related to strengthening democracy.

Program 3
Expenses: $1,183,757

Public Awareness:MCF educates the public, nonprofit organizations, the media, government and elected officials about philanthropy, trends in the field, and the grantmaking process. This occurs...

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Public Awareness:MCF educates the public, nonprofit organizations, the media, government and elected officials about philanthropy, trends in the field, and the grantmaking process. This occurs through the publication of MCF Notes, MCF Giving Memo, Giving in Minnesota report, and working directly with the media and the interested public. Data used to inform the public is generated through surveys of philanthropy and through national databases including a 3-year commitment to work with Impala. The Press Forward MN effort, hosted at MCF, aims to increase public awareness about the connection between quality local news and information and civic health.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $6,139,055
Program Service Revenue $248,229
Investment Income $33,074
Other Revenue $11,250
TOTAL REVENUE $6,431,608

Expense Breakdown

Grants Paid $1,081,100
Salaries & Benefits $1,216,947
Fundraising Expenses $26,311
Program Expenses $3,161,119
Other Expenses $1,284,940
TOTAL EXPENSES $3,582,987

Year-over-Year Comparison

2024 2023 Change
Revenue $6,431,608 $2,992,673 +1.1%
Expenses $3,582,987 $1,799,884 +1.0%
Net Income $2,848,621 $1,192,789 +1.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
18
Independent Members
18
Employees
12
Volunteers
120

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$202,716
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jenny Johnson Board Chair 1.00
Officer Director
$0 $0 $0
Flor Trevino Frey Vice Chair 1.00
Officer Director
$0 $0 $0
Matt Stowell Treasurer 1.00
Officer Director
$0 $0 $0
Nate Dorr Secretary (Until 10/2024) 1.00
Officer Director
$0 $0 $0
Dee Baskin Member 1.00
Director
$0 $0 $0
Kevin Bennett Member 1.00
Director
$0 $0 $0
Sarah Berger Member 1.00
Director
$0 $0 $0
Catie Bitzan Amundsen Member 1.00
Director
$0 $0 $0
Ambar Hanson Member 1.00
Director
$0 $0 $0
Jennifer Higgins Member 1.00
Director
$0 $0 $0
Olivia Jefferson Member 1.00
Director
$0 $0 $0
Wakinyan LaPointe Member 1.00
Director
$0 $0 $0
Carolyn Link Member 1.00
Director
$0 $0 $0
Heather Logelin Member 1.00
Director
$0 $0 $0
Dominic Papatola Member 1.00
Director
$0 $0 $0
Mai-Anh Tran Member 1.00
Director
$0 $0 $0
John Wilgers Member 1.00
Director
$0 $0 $0
Katya Zepeda Member 1.00
Director
$0 $0 $0
Aaron Zimmerman Member 1.00
Director
$0 $0 $0
Susan Brown President 37.50
Officer
$175,806 $26,910 $202,716
Paul Masiarchin - VP Director of Member Services 37.50
Highest
$109,925 $16,171 $126,096
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $6,431,608 $3,582,987 $5,881,087 $2,848,621
2023 $2,992,673 $1,799,884 $3,080,837 $1,192,789
2022 $3,511,463 $3,340,550 $1,994,364 $170,913
2021 $7,242,767 $6,960,628 $1,698,240 $282,139
2020 $2,250,561 $2,352,384 $1,666,356 $-101,823
2019 $2,143,159 $2,185,597 $1,773,314 $-42,438
2018 $2,018,250 $2,487,469 $2,051,851 $-469,219
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