THE MINNEAPOLIS FOUNDATION

EIN: 416029402 501(c)(3) Philanthropy & Grantmaking

MINNEAPOLIS, MN

Total Revenue
$192,988,402
Total Expenses
$152,448,966
Total Assets
$1,185,664,206
Net Assets
$1,105,308,485
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1915
Legal Domicile
MN
Principal Officer
GREGORY WENZ
Phone
6126723878
Tax Period
2024-04-01 to 2025-03-31

THE MINNEAPOLIS FOUNDATION, founded in 1915, is a major nonprofit in the Philanthropy & Grantmaking sector that reported $193.0M in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $40.5M, a strong 21% operating margin.

Mission

TOGETHER, WE DRIVE COLLECTIVE ACTION IN ORDER TO REALIZE STRONG, VIBRANT COMMUNITIES.

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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 $131,864,412
Program Service Revenue $1,307,931
Investment Income $59,584,907
Other Revenue $231,152
TOTAL REVENUE $192,988,402

Expense Breakdown

Grants Paid $128,958,187
Salaries & Benefits $10,364,318
Fundraising Expenses $3,620,730
Program Expenses $141,778,802
Other Expenses $13,126,461
TOTAL EXPENSES $152,448,966

Year-over-Year Comparison

2024 2023 Change
Revenue $192,988,402 $146,901,684 +0.3%
Expenses $152,448,966 $134,196,439 +0.1%
Net Income $40,539,436 $12,705,245 +2.2%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
32
Independent Members
31
Employees
73
Volunteers
33

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
7
$720,267
Total Directors
36
$477,199
Key Employees
2
$662,194
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RT RYBAK PRESIDENT & CEO 37.50
Officer Director
$420,545 $56,654 $477,199
JOHN TAFT CHAIR 2.50
Officer Director
$0 $0 $0
JULIE BAKER VICE CHAIR 2.00
Officer Director
$0 $0 $0
MARY GROVE VICE CHAIR 1.50
Officer Director
$0 $0 $0
SCOTT ERICKSON TREASURER 1.50
Officer Director
$0 $0 $0
MAURICE BLANKS SECRETARY 1.50
Officer Director
$0 $0 $0
KATHLEEN MACLENNAN TRUSTEE 1.50
Director
$0 $0 $0
KHADIJA ALI TRUSTEE - 12/2024 1.00
Director
$0 $0 $0
PAURVI BHATT TRUSTEE 1.00
Director
$0 $0 $0
COLETTE CAMPBELL TRUSTEE 1.00
Director
$0 $0 $0
TOM FISHER TRUSTEE 1.00
Director
$0 $0 $0
BILL GRAVES TRUSTEE 1.00
Director
$0 $0 $0
JUDY HALPER TRUSTEE 1.00
Director
$0 $0 $0
RICHARD HOWELL TRUSTEE 1.00
Director
$0 $0 $0
DANIEL MORENO TRUSTEE 1.00
Director
$0 $0 $0
BECKY O'GRADY TRUSTEE 1.50
Director
$0 $0 $0
TOM PACK TRUSTEE 1.50
Director
$0 $0 $0
MARCIA PAGE TRUSTEE 1.00
Director
$0 $0 $0
LIZ PANGERL TRUSTEE 1.50
Director
$0 $0 $0
STEPHANIE PIERCE TRUSTEE 1.50
Director
$0 $0 $0
SHARON PIERCE TRUSTEE 1.50
Director
$0 $0 $0
PAUL REYELTS TRUSTEE - 5/2024 1.00
Director
$0 $0 $0
LAURI ROBERTS TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL RODRIGUEZ TRUSTEE 1.00
Director
$0 $0 $0
MEG RODRIGUEZ TRUSTEE 2.00
Director
$0 $0 $0
RAJIV SHAH TRUSTEE 1.00
Director
$0 $0 $0
MARK SIMENSTAD TRUSTEE 1.50
Director
$0 $0 $0
ALEX WARE TRUSTEE 1.50
Director
$0 $0 $0
JAZZ HAMPTON TRUSTEE - 1/2025 1.00
Director
$0 $0 $0
CHRISTINA LE TRUSTEE 1.00
Director
$0 $0 $0
PATRICIA TORRES RAY TRUSTEE 1.00
Director
$0 $0 $0
JULIANA BATISTA TRUSTEE 1.00
Director
$0 $0 $0
LAURA BOHLANDER TRUSTEE 1.00
Director
$0 $0 $0
BRENDA CHILD TRUSTEE 1.00
Director
$0 $0 $0
KATE KELLY TRUSTEE 1.00
Director
$0 $0 $0
TIM PALMER TRUSTEE 1.00
Director
$0 $0 $0
GREG WENZ CFO 37.50
Officer
$223,270 $19,798 $243,068
CHRISTOPHER BEACH SENIOR VICE PRESIDENT, PHILANTHROPIC SERVICES 37.50
Key Emp
$279,705 $63,136 $342,841
JO-ANNE STATELY SENIOR VICE PRESIDENT OF IMPACT 37.50
Key Emp
$288,507 $30,846 $319,353
PATRICE RELERFORD VICE PRESIDENT OF COLLECTIVE IMPACT AND GIVING 37.50
Highest
$204,150 $28,438 $232,588
WILLIAM STERNBERG DIRECTOR, BUSINESS DEVELOPMENT AND PHILANTHROPIC A 37.50
Highest
$207,677 $44,126 $251,803
COLLEEN HASE VICE PRESIDENT OF TECHNOLOGY AND ENTERPRISE RISK M 37.50
Highest
$195,605 $15,529 $211,134
MILPHA BLAMO VICE PRESIDENT FOR TALENT AND CULTURE 37.50
Highest
$195,090 $52,568 $247,658
JANNA HOTTINGER CHIEF OF STAFF TO PRESIDENT AND CEO 37.50
Highest
$173,217 $26,128 $199,345
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 $192,988,402 $152,448,966 $1,185,664,206 $40,539,436
2024 $146,901,684 $134,196,439 $1,134,066,155 $12,705,245
2023 $115,302,787 $122,536,152 $1,039,176,403 $-7,233,365
2022 $204,398,163 $121,965,802 $1,113,100,701 $82,432,361
2021 $200,857,814 $125,693,751 $1,032,113,169 $75,164,063
2020 $141,518,502 $106,120,687 $763,755,990 $35,397,815
2019 $129,527,194 $96,740,604 $812,815,836 $32,786,590
2018 $147,120,892 $83,454,613 $818,685,750 $63,666,279
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