Minnesota Black Collective Foundation

EIN: 883613546 501(c)(3) Philanthropy & Grantmaking

Minneapolis, MN

Total Revenue
$2,317,894
Total Expenses
$2,377,746
Total Assets
$4,997,135
Net Assets
$4,948,862
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
MN
Principal Officer
Lulete Mola
Phone
6122937787
Tax Period
2025-01-01 to 2025-12-31

Minnesota Black Collective Foundation, founded in 2022, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $2.3M in total revenue in fiscal year 2025. Revenue decreased 18% compared to the prior year. Net assets of $4.9M represent 26 months of operating reserves.

Mission

Our mission is to build Black philanthropic power to strengthen the ecosystem of Black-led social, political, and economic change in Minnesota and beyond.

Program Service Accomplishments

Program 1
Expenses: $747,107

MN Legal Education, Advocacy, and Defense (MN LEAD): We facilitate, support, and inspire the philanthropic, non-profit, and social impact field to be in power-shifting solidarity to realize the...

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MN Legal Education, Advocacy, and Defense (MN LEAD): We facilitate, support, and inspire the philanthropic, non-profit, and social impact field to be in power-shifting solidarity to realize the promise of racial justice. We partner with renowned organizations to advance systems change through data, relationships, and networks. In 2025, The Collective expanded the MN LEAD initiative, a multiracial effort to build a strong, interconnected ecosystem that proactively addresses legal challenges to race-conscious grantmaking, programs, and activities. MN LEAD helps shape narratives, provide education, and support strategic efforts for racial justice for nonprofit organizations throughout MN.

Program 2
Expenses: $603,573

New Suns Fellowship: Since inception, the Collective has been committed to supporting the genius of Black leaders. Through the New Suns Fellowship, we create one-of-a-kind experiences designed to...

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New Suns Fellowship: Since inception, the Collective has been committed to supporting the genius of Black leaders. Through the New Suns Fellowship, we create one-of-a-kind experiences designed to sustain the well-being of leaders as they build resilient organizations, contribute to a connected ecosystem, and build a movement for Black-led Change. Fellowships include flexible funding for well-being, sustainability, and readiness to lead. Retreats and convenings offer immersive spaces for reflection, strategic planning, and community-building. Fellows also serve as a brain trust of advisors to the Collective, guiding responsive organizing and philanthropic investments aligned with our mission.

Program 3
Expenses: $341,182

Events & Convenings: We continue to strengthen the ecosystem of those that serve the Black community through community convenings, retreats, and more. For example, in 2025 we hosted The Collective...

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Events & Convenings: We continue to strengthen the ecosystem of those that serve the Black community through community convenings, retreats, and more. For example, in 2025 we hosted The Collective Sum, a three-day immersive summit that blends deep learning, community building, and collective strategizing. Together, we explored bold ideas at the intersection of culture, economic power, and civic engagement. Attendees engaged in conversations and strategies that respond to today's challenges while staying true to our values. Another example is our Rooting engagement. For 4 years, Rooting has been a premier social gathering series curated for people working, leading, and serving the Black community in the social sector. At Rooting, we network, strengthen relationships, break bread, and reflect with one another on what it takes to be well and work for a more just MN.

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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 (2025)

Revenue Breakdown

Contributions & Grants $2,216,392
Program Service Revenue $0
Investment Income $101,102
Other Revenue $400
TOTAL REVENUE $2,317,894

Expense Breakdown

Grants Paid $733,000
Salaries & Benefits $616,250
Fundraising Expenses $170,163
Program Expenses $1,890,916
Other Expenses $1,013,021
TOTAL EXPENSES $2,377,746

Year-over-Year Comparison

2025 2024 Change
Revenue $2,317,894 $2,832,734 -0.2%
Expenses $2,377,746 $2,146,639 +0.1%
Net Income $-59,852 $686,095 -1.1%
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
4
Independent Members
4
Employees
4
Volunteers
30

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
3
$205,115
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Shawntera Hardy Board Member 1.00
Director
$0 $0 $0
Rachel Hardeman Board Member 1.00
Director
$0 $0 $0
Aretha Green-Rupert Chair/Secretary 2.00
Officer Director
$0 $0 $0
Jai Winston Treasurer 1.00
Officer Director
$0 $0 $0
Lulete Mola President & Co-Founder 40.00
Officer
$175,196 $29,919 $205,115
Stacy Papier-Meister Sr Director of Ops & Admin Lead 40.00
Highest
$110,479 $34,188 $144,667
CeMar Peterson Sr Director of Impact 40.00
Highest
$109,325 $11,256 $120,581
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 $2,317,894 $2,377,746 $4,997,135 $-59,852
2024 $2,832,734 $2,146,639 $5,154,987 $686,095
2023 $5,851,290 $1,535,223 $4,713,584 $4,316,067
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