MINNESOTA STATE BAR FOUNDATION

EIN: 416023581 501(c)(3) Crime & Legal

MINNEAPOLIS, MN

Total Revenue
$176,038
Total Expenses
$255,326
Total Assets
$1,733,195
Net Assets
$1,649,855
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1974
Legal Domicile
MN
Principal Officer
CHERYL DALBY
Phone
6123331183
Tax Period
2024-07-01 to 2025-06-30

MINNESOTA STATE BAR FOUNDATION, founded in 1974, is a small nonprofit in the Crime & Legal sector that reported $176K in total revenue in fiscal year 2024. Revenue fell 68% from the prior year — a significant decline worth monitoring. Expenses of $255K exceeded revenue, resulting in a 45% operating deficit.

Mission

THE MINNESOTA STATE BAR FOUNDATION MOBILIZES LEGAL COMMUNITY PHILANTHROPY TO ACHIEVE ACCESS TO JUSTICE FOR ALL MINNESOTANS.

Program Service Accomplishments

Program 1
Expenses: $197,746

PROGRAM SERVICE ACTIVITIES CONSIST SOLELY OF GRANTS TO BOARD-APPROVED ORGANIZATIONS.THE MINNESOTA STATE BAR FOUNDATION RECOGNIZES THAT ITS EXISTENCE AND ITS ABILITY TO CARRY OUT ITS ASSIGNED MISSION...

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PROGRAM SERVICE ACTIVITIES CONSIST SOLELY OF GRANTS TO BOARD-APPROVED ORGANIZATIONS.THE MINNESOTA STATE BAR FOUNDATION RECOGNIZES THAT ITS EXISTENCE AND ITS ABILITY TO CARRY OUT ITS ASSIGNED MISSION ARE DUE TO THE COOPERATION AND SUPPORT THAT IT RECEIVES FROM THE MINNESOTA STATE BAR ASSOCIATION AND ITS INDIVIDUAL MEMBERS, WHO ARE THE PRIMARY SOURCE OF ALL FUNDS AVAILABLE TO THE FOUNDATION. THE FOUNDATION THEREFORE FEELS DEEPLY OBLIGATED TO PURSUE POLICIES AND MAKE GRANTS TO SUCH PROGRAMS AND CAUSES AS IT BELIEVES WOULD ATTRACT THE SPECIAL INTEREST AND SUPPORT OF THE LAWYERS OF THE STATE OF MINNESOTA.IN AWARDING GRANTS IN RESPONSE TO WRITTEN APPLICATIONS, THE FOUNDATION BELIEVES THAT IT CAN CARRY OUT THIS BROAD OBJECTIVE BY GENERALLY ADHERING TO THE GUIDELINES STATED AS FOLLOWS:1. THE FOUNDATION HAS BEEN INTERESTED IN THE PAST AND CONTINUES TO BE INTERESTED IN PROGRAMS OF LAW-RELATED EDUCATION FOR STUDENTS AND ADULTS, INCLUDING WHERE APPROPRIATE, PUBLICATIONS, WORKSHOPS, AND RELATED PROGRAMS.2. THE FOUNDATION SEEKS TO ENCOURAGE AND PROMOTE LEGAL ASSISTANCE TO THE POOR AND DISADVANTAGED GROUPS.3. THE FOUNDATION SEEKS TO SUPPORT AND TO PROMOTE PROGRANTS AND PROJECTS HAVING AS THEIR PURPOSE THE IMPROVEMENT OF THE ADMINISTRATION OF JUSTICE. PROVIDING INFORMATION TO THE PUBLIC SO THAT IT MIGHT BETTER UNDERSTAND THE COURTS AND LEGAL PROCESSES IS INCLUDED WITHIN THIS PURPOSE.4. THE FOUNDATION WILL GIVE CONSIDERATION TO PROJECTS AND PROGRAMS SUPPORTING OR PROMOTING PUBLIC INTEREST LEGAL WORK. 5. THE FOUNDATION WILL, IN ALLOCATING ITS FUNDS, ATTEMPT TO MAINTAIN A PROPER BALANCE BETWEEN: (A) THOSE NEW AND INNOVATIVE PROGRAMS WHICH MAY BE OF AN EXPERIMENTAL NATURE AND THAT NEED ASSISTANCE IN THE FORM OF "SEED MONEY; AND(B) THOSE PROJECTS OF SPECIAL CONCERN TO LAWYERS THAT ARE OF A CONTINUINING NATURE AND NEED PERIODIC CONTRIBUTIONS TO THEIR OPERATING BUDGETS.6. THE FOUNDATION DOES NOT PRECLUDE ITSELF FROM AWARDING GRANTS FOR SCHOLARSHIPS AND FELLOWSHIPS, BUT IT WILL STRIVE TO MAKE SUCH GRANTS PRIMARILY UNDER SUCH CIRCUMSTANCES THAT WILL PROMOTE THE GENERAL PUBLIC WELFARE RATHER THAN THE PERSONAL BENEFIT OF INDIVIDUAL DONEES.7. SINCE CONTINUING LEGAL EDUCATION PROGRAMS FOR LAWYERS ARE, IN GENERAL, WELL SUPPORTED BY TUITION CHARGES, THE FOUNDATION FEELS OBLIGATED TO CONSIDER SUPPORT ONLY FOR SUCH CONTINUING LEGAL EDUCATION PROGRAMS THAT MAY BE OF AN EXPERIMENTAL NATURE OR OF GENERAL INTEREST TO THE ENTIRE MEMBERSHIP OF THE BAR AND ARE NOT SELF-SUPPORTING.8. THE FOUNDATION DOES NOT PROVIDE FUNDS TO BE USED FOR PROPAGANDA OR LOBBYING ACTIVITIES.

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $62,225
Program Service Revenue $0
Investment Income $113,813
Other Revenue $0
TOTAL REVENUE $176,038

Expense Breakdown

Grants Paid $197,746
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $197,746
Other Expenses $57,580
TOTAL EXPENSES $255,326

Year-over-Year Comparison

2024 2023 Change
Revenue $176,038 $554,693 -0.7%
Expenses $255,326 $200,070 +0.3%
Net Income $-79,288 $354,623 -1.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
11

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
4
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LANDON ASCHEMAN CHAIR 1.00
Officer Director
$0 $0 $0
ANGELA BRANDT VICE CHAIR 1.00
Officer Director
$0 $0 $0
MAYA MISSAGHI SECRETARY 1.00
Officer Director
$0 $0 $0
BRANDON SCHWARTZ TREASURER 1.00
Officer Director
$0 $0 $0
KENYA BODDEN BOARD MEMBER 1.00
Director
$0 $0 $0
GREGER CALHAN BOARD MEMBER 1.00
Director
$0 $0 $0
KELLEN FISH BOARD MEMBER 1.00
Director
$0 $0 $0
SANDER GOLDTHWAIT BOARD MEMBER 1.00
Director
$0 $0 $0
MELISSA KRASNOW BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL MILLER BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES RUBENSTEIN BOARD MEMBER 1.00
Director
$0 $0 $0
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
2025 $176,038 $255,326 $1,733,195 $-79,288
2024 $554,693 $200,070 $1,736,110 $354,623
2023 $206,160 $184,443 $1,639,209 $21,717
2022 $206,907 $262,205 $1,672,145 $-55,298
2021 $428,252 $702,346 $2,057,639 $-274,094
2020 $158,325 $129,706 $1,960,393 $28,619
2019 $179,758 $123,692 $1,951,781 $56,066
2018 $138,943 $121,196 $1,956,133 $17,747
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