DULUTH, MN
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Sign In — Free (10 views/day)DULUTH-SUPERIOR AREA COMMUNITY FOUNDATION, founded in 1982, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $3.3M in total revenue in fiscal year 2023. Revenue fell 140% from the prior year — a significant decline worth monitoring.
THE DULUTH SUPERIOR AREA COMMUNITY FOUNDATION PROMOTES PRIVATE GIVING FOR THE PUBLIC GOOD.
IN 2023, THE COMMUNITY FOUNDATION AWARDED $1,872,275 IN GRANTS AND $454,505 IN SCHOLARSHIPS. TOTAL GRANTS AWARDED (INCLUDING INTERFUND GRANTS) FOR ALL PROGRAM AREAS WAS $2,326,780 COMPRISED OF: 1%...
IN 2023, THE COMMUNITY FOUNDATION AWARDED $1,872,275 IN GRANTS AND $454,505 IN SCHOLARSHIPS. TOTAL GRANTS AWARDED (INCLUDING INTERFUND GRANTS) FOR ALL PROGRAM AREAS WAS $2,326,780 COMPRISED OF: 1% UNRESTRICTED FUNDS, 15% DESIGNATED, 30% FIELD OF INTEREST, 13% ORGANIZATIONAL ENDOWMENTS, 19% SCHOLARSHIPS AND 22% DONOR ADVISED. THE LARGEST PROGRAM AREA SUPPORTED WAS HUMAN SERVICES WITH 30% OF GRANT FUNDS, FOLLOWED BY, 25% EDUCATION, 21% IN SCHOLARSHIPS, 10% IN ENVIRONMENT, 7% IN COMMUNITY ECONOMIC DEVELOPMENT, AND 7% IN ENVIRONMENT. IN 2023, THE COMMUNITY FOUNDATION AWARDED $383,706 SCHOLARSHIPS FROM ENDOWED FUNDS AND $57,000 FROM 8 TEMPORARY SCHOLARSHIP FUNDS THAT THE FOUNDATION PROVIDES SCHOLARSHIP SERVICES. IN ADDITION, THE FOUNDATION PROVIDED ADMINISTRATIVE SERVICES FOR TWO AFFILIATED SCHOLARSHIPS TOTALING $245,167 WHERE ALL OF THE FUNDS ARE HELD BY A LOCAL BANK.
IN 2023, AS PART OF ONGOING STRATEGIC PLANNING EFFORTS, DSACF MADE SIGNIFICANT IMPROVEMENTS TO GRANTMAKING DESIGNED TO BETTER ALIGN RESOURCES WITH THE NEEDS OF THE COMMUNITIES SERVED. THIS INVOLVED...
IN 2023, AS PART OF ONGOING STRATEGIC PLANNING EFFORTS, DSACF MADE SIGNIFICANT IMPROVEMENTS TO GRANTMAKING DESIGNED TO BETTER ALIGN RESOURCES WITH THE NEEDS OF THE COMMUNITIES SERVED. THIS INVOLVED RESTRUCTURING COMMITTEES TO INCLUDE COMMUNITY MEMBERS WITH LIVED EXPERIENCE AND EXPERTISE IN THE AREAS WHERE FUNDS ARE DIRECTED (E.G., CHILDHOOD POVERTY, MISSING A SENSE OF BELONGING, ETC.). THE FOCUS AREAS OF OPPORTUNITY, RESILIENCE, BELONGING AND TRANSFORMATION WERE DEVELOPED AND DEFINED THROUGH COMMUNITY FEEDBACK AND RESEARCH TO ENSURE EFFORTS ARE IMPACTFUL AND SUSTAINABLE. THE FIRST REQUEST FOR PROPOSALS UNDER THE NEW GUIDELINES WAS LAUNCHED IN THE FOURTH QUARTER OF 2023. THESE CHANGES ARE PART OF THE BROADER STRATEGY TO ENHANCE THE EFFECTIVENESS AND REACH OF DSACF'S GRANTMAKING, ENSURING THAT NOT ONLY NEEDS ARE MET, BUT EFFORTS FOCUS ON MEANINGFUL, LASTING IMPROVEMENTS. THE FOUNDATION CONTINUED TO BE RESPONSIVE TO COMMUNITY NEEDS AND OPPORTUNITIES. GRANTS TO REVITALIZE DOWNTOWN DULUTH WERE MADE TO ENGAGE NATIONAL EXPERTS ALONG WITH KEY PARTNERS TO ENVISION AND ENACT PLANS FOLLOWING DOWNTURN FROM THE PANDEMIC AND ECONOMIC DECLINES. DSACF CONTINUED TO FACILITATE READY NORTH, A NETWORK OF LOCAL ORGANIZATIONS BUILDING DISASTER RESILIENCE. ADDITIONAL COMMUNITY LEADERSHIP SOUGHT TO FILL A GAP FOR LOCAL NONPROFITS IN RECRUITING VOLUNTEERS TO SERVE AS TRUSTEES. ALONG WITH COLLABORATING ORGANIZATIONS, THE FIRST BE ON BOARD TRAINING SERIES WAS HELD. THIS PROGRAMMING IS IN ADDITION TO DSACF'S ON-GOING GRANT AND SCHOLARSHIP ACTIVITY.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $-3,259,349 | $8,134,379 | -1.4% |
| Expenses | $3,953,430 | $5,435,857 | -0.3% |
| Net Income | $-7,212,779 | $2,698,522 | -3.7% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JOSCELYN SKANDEL | CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| KERSTYN HENDRICKS | VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| KORESH LAKHAN | VICE CHAIR (THRU JUNE 2023) | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| DAVID MONTGOMERY | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MOIRA VILLIARD | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| KATELYN BAUMANN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| BRENDA BRANNAN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| LEE JENSEN BUJOLD | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JEFF COREY | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| FRED FRIEDMAN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| PATRICK HEFFERNAN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| SAKIB MAHMUD | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| NELS OJARD | TRUSTEE (THRU MAY 2023) | 1.00 |
Director
|
$0 | $0 | $0 |
| JANE VOGT | TRUSTEE (THRU JUNE 2023) | 1.00 |
Director
|
$0 | $0 | $0 |
| SANDRA WRIGHT | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| SHAUN FLOERKE | PRESIDENT/CEO | 40.00 |
Officer
|
$151,569 | $26,280 | $177,849 |
| PAIGE FREESE | FINANCE DIRECTOR | 40.00 |
Officer
|
$75,419 | $8,713 | $84,132 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $-3,259,349 | $3,953,430 | $106,281,568 | $-7,212,779 |
| 2022 | $8,134,379 | $5,435,857 | $89,696,300 | $2,698,522 |
| 2021 | $11,039,912 | $3,990,376 | $108,779,368 | $7,049,536 |
| 2020 | $5,605,705 | $4,210,634 | $93,106,016 | $1,395,071 |
| 2019 | $5,862,131 | $3,904,374 | $82,887,562 | $1,957,757 |
| 2018 | $8,033,718 | $3,841,018 | $69,292,781 | $4,192,700 |
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