Nonprofit · EIN 41-6029402
MINNEAPOLIS FOUNDATION
Tax-exempt · MINNEAPOLIS, MN 55402
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| March 31, 2025 | 990 | $192,988,402 | $152,448,966 | $40,539,436 | $1,185,664,206 | $80,355,721 | $1,105,308,485 |
| March 31, 2024 | 990 | $146,901,684 | $134,196,439 | $12,705,245 | $1,134,066,155 | $68,915,805 | $1,065,150,350 |
Financial details: 990 for the year ended March 31, 2025
Revenue
- Contributions, gifts and grants
- $131,864,412
- of which government grants
- $1,536,794
- Program service revenue
- $1,307,931
- Investment income
- $59,584,907
- Royalties
- $231,152
- Net gain from sales of assets
- $32,617,366
- Other revenue
- $231,152
Expenses
- Grants and similar amounts paid
- $128,958,187
- Compensation of officers, directors and key employees
- $1,426,237
- Other salaries and wages
- $6,973,941
- Salaries, compensation and benefits (total)
- $10,364,318
- Professional fundraising fees
- $0
- Legal fees
- $273,819
- Accounting fees
- $124,337
- Occupancy
- $608,180
- Travel
- $101,525
- Depreciation
- $370,358
- Program services (functional)
- $141,778,802
- Management and general (functional)
- $7,049,434
- Fundraising (functional)
- $3,620,730
Balance sheet and other
- Total assets, start of year
- $1,134,066,155
- Total assets, end of year
- $1,185,664,206
- Total liabilities, end of year
- $80,355,721
- Net assets, end of year
- $1,105,308,485
- Land, buildings and equipment
- $834,256
- Publicly traded securities
- $631,176,248
- Net assets without donor restrictions
- $987,133,547
- Net assets with donor restrictions
- $118,174,938
- Gross unrelated business income
- $602,414
- Gross receipts
- $331,494,540
- Employees
- 73
- Volunteers
- 33
- Year formed
- 1915
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended March 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RT RYBAK | PRESIDENT & CEO Trustee or director, Officer | 37.5 | $420,545 | $56,654 |
| CHRISTOPHER BEACH | SENIOR VICE PRESIDENT, PHILANTHROPIC SERVICES Key employee | 37.5 | $279,705 | $63,136 |
| JO-ANNE STATELY | SENIOR VICE PRESIDENT OF IMPACT Key employee | 37.5 | $288,507 | $30,846 |
| WILLIAM STERNBERG | DIRECTOR, BUSINESS DEVELOPMENT AND PHILANTHROPIC A Highest-paid employee | 37.5 | $207,677 | $44,126 |
| MILPHA BLAMO | VICE PRESIDENT FOR TALENT AND CULTURE Highest-paid employee | 37.5 | $195,090 | $52,568 |
| GREG WENZ | CFO Officer | 37.5 | $223,270 | $19,798 |
| PATRICE RELERFORD | VICE PRESIDENT OF COLLECTIVE IMPACT AND GIVING Highest-paid employee | 37.5 | $204,150 | $28,438 |
| COLLEEN HASE | VICE PRESIDENT OF TECHNOLOGY AND ENTERPRISE RISK M Highest-paid employee | 37.5 | $195,605 | $15,529 |
| JANNA HOTTINGER | CHIEF OF STAFF TO PRESIDENT AND CEO Highest-paid employee | 37.5 | $173,217 | $26,128 |
| JOHN TAFT | CHAIR Trustee or director, Officer | 2.5 | $0 | $0 |
| JULIE BAKER | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| MARY GROVE | VICE CHAIR Trustee or director, Officer | 1.5 | $0 | $0 |
| SCOTT ERICKSON | TREASURER Trustee or director, Officer | 1.5 | $0 | $0 |
| MAURICE BLANKS | SECRETARY Trustee or director, Officer | 1.5 | $0 | $0 |
| KATHLEEN MACLENNAN | TRUSTEE Trustee or director | 1.5 | $0 | $0 |
29 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KHADIJA ALI | TRUSTEE - 12/2024 Trustee or director | 1 | $0 |
| PAURVI BHATT | TRUSTEE Trustee or director | 1 | $0 |
| COLETTE CAMPBELL | TRUSTEE Trustee or director | 1 | $0 |
| TOM FISHER | TRUSTEE Trustee or director | 1 | $0 |
| BILL GRAVES | TRUSTEE Trustee or director | 1 | $0 |
| JUDY HALPER | TRUSTEE Trustee or director | 1 | $0 |
| RICHARD HOWELL | TRUSTEE Trustee or director | 1 | $0 |
| DANIEL MORENO | TRUSTEE Trustee or director | 1 | $0 |
| BECKY O'GRADY | TRUSTEE Trustee or director | 1.5 | $0 |
| TOM PACK | TRUSTEE Trustee or director | 1.5 | $0 |
| MARCIA PAGE | TRUSTEE Trustee or director | 1 | $0 |
| LIZ PANGERL | TRUSTEE Trustee or director | 1.5 | $0 |
| STEPHANIE PIERCE | TRUSTEE Trustee or director | 1.5 | $0 |
| SHARON PIERCE | TRUSTEE Trustee or director | 1.5 | $0 |
| PAUL REYELTS | TRUSTEE - 5/2024 Trustee or director | 1 | $0 |
| LAURI ROBERTS | TRUSTEE Trustee or director | 1 | $0 |
| MICHAEL RODRIGUEZ | TRUSTEE Trustee or director | 1 | $0 |
| MEG RODRIGUEZ | TRUSTEE Trustee or director | 2 | $0 |
| RAJIV SHAH | TRUSTEE Trustee or director | 1 | $0 |
| MARK SIMENSTAD | TRUSTEE Trustee or director | 1.5 | $0 |
| ALEX WARE | TRUSTEE Trustee or director | 1.5 | $0 |
| JAZZ HAMPTON | TRUSTEE - 1/2025 Trustee or director | 1 | $0 |
| CHRISTINA LE | TRUSTEE Trustee or director | 1 | $0 |
| PATRICIA TORRES RAY | TRUSTEE Trustee or director | 1 | $0 |
| JULIANA BATISTA | TRUSTEE Trustee or director | 1 | $0 |
| LAURA BOHLANDER | TRUSTEE Trustee or director | 1 | $0 |
| BRENDA CHILD | TRUSTEE Trustee or director | 1 | $0 |
| KATE KELLY | TRUSTEE Trustee or director | 1 | $0 |
| TIM PALMER | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended March 31, 2024: 42 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RT RYBAK | PRESIDENT & CEO Officer | 37.5 | $419,207 | $95,787 |
| CHRISTOPHER BEACH | SENIOR VICE PRESIDENT, PHILANTHROPIC SERVICES Key employee | 37.5 | $272,576 | $83,471 |
| WILLIAM STERNBERG | DIRECTOR, BUSINESS DEVELOPMENT & PHILANTHROPIC ADV Highest-paid employee | 37.5 | $203,779 | $73,553 |
| GREG WENZ | CFO Officer | 37.5 | $220,988 | $37,164 |
| MILPHA BLAMO | VICE PRESIDENT TALENT AND CULTURE Highest-paid employee | 37.5 | $178,831 | $70,586 |
| JO-ANNE STATELY | SENIOR VICE PRESIDENT OF IMPACT Key employee | 37.5 | $191,696 | $49,479 |
| PATRICE RELERFORD | VICE PRESIDENT OF COLLECTIVE IMPACT AND GIVING Highest-paid employee | 37.5 | $190,964 | $41,288 |
| MICHELLE BENSON | VICE PRESIDENT, MARKETING & COMMUNICATIONS Highest-paid employee | 37.5 | $171,002 | $52,429 |
| CHANDA SMITH BAKER | CHIEF IMPACT OFFICER JUNE 2023 Key employee | 37.5 | $166,147 | $47,026 |
| COLLEEN HASE | VICE PRESIDENT TECHNOLOGY AND ENTERPRISE RISK MANA Highest-paid employee | 37.5 | $187,701 | $24,343 |
| MARGIE SORAN | PAST CHAIR Trustee or director, Officer | 1.5 | $0 | $0 |
| JOHN TAFT | CHAIR Trustee or director, Officer | 2.5 | $0 | $0 |
| JULIE BAKER | VICE CHAIR Trustee or director, Officer | 1.5 | $0 | $0 |
| MARY GROVE | VICE CHAIR Trustee or director, Officer | 1.5 | $0 | $0 |
| SCOTT ERICKSON | TREASURER Trustee or director, Officer | 1.5 | $0 | $0 |
| MAURICE BLANKS | SECRETARY Trustee or director, Officer | 1.5 | $0 | $0 |
| KATHLEEN MACLENNAN | TRUSTEE Trustee or director | 1.5 | $0 | $0 |
| KHADIJA ALI | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PAURVI BHATT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| COLETTE CAMPBELL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TOM FISHER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BILL GRAVES | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JUDY HALPER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RICHARD HOWELL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LENI MOORE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DANIEL MORENO | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BECKY O'GRADY | TRUSTEE Trustee or director | 1.5 | $0 | $0 |
| TOM PACK | TRUSTEE Trustee or director | 1.5 | $0 | $0 |
| MARCIA PAGE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LIZ PANGERL | TRUSTEE Trustee or director | 1.5 | $0 | $0 |
| STEPHANIE PIERCE | TRUSTEE Trustee or director | 1.5 | $0 | $0 |
| SHARON PIERCE | TRUSTEE Trustee or director | 1.5 | $0 | $0 |
| PAUL REYELTS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LAURI ROBERTS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MICHAEL RODRIGUEZ | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MEG RODRIGUEZ | TRUSTEE Trustee or director | 2.5 | $0 | $0 |
| RAJIV SHAH | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARK SIMENSTAD | TRUSTEE Trustee or director | 1.5 | $0 | $0 |
| ALEX WARE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JAZZ HAMPTON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CHRISTINA LE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PATRICIA TORRES RAY | TRUSTEE Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 80 SOUTH EIGHT STREET, MINNEAPOLIS, MN 55402-2100
- In care of
- % THE MINNEAPOLIS FOUNDATION
- Principal officer (990 for 2024)
- GREGORY WENZ, 800 IDS CENTER 80 S EIGHTH ST, MINNEAPOLIS, MN 55402
- Signed the 990
- GREGORY WENZ, CFO
- Phone
- (612) 672-3878
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
THE FOUNDATION CULTIVATES GENEROSITY BY TAKING ACTION ON THE GREATEST CIVIC, SOCIAL, AND ECONOMIC NEEDS PARTNERING WITH NONPROFITS, FACILITATING GRANTMAKING, DRIVING RESEARCH AND ADVOCACY, AND PROVIDING SERVICES TO DONORS SEEKING TO MAKE A DIFFERENCE IN THEIR COMMUNITIES.
Program accomplishments
- THE MINNEAPOLIS FOUNDATION IS ONE OF THE OLDEST AND LARGEST COMMUNITY FOUNDATIONS IN THE NATION. ESTABLISHED IN 1915, THE FOUNDATION CULTIVATES GENEROSITY BY TAKING ACTION ON THE GREATEST CIVIC, SOCIAL, AND ECONOMIC NEEDS PARTNERING WITH NONPROFITS, FACILITATING GRANTMAKING, DRIVING RESEARCH AND ADVOCACY, AND PROVIDING SERVICES TO DONORS SEEKING TO MAKE A DIFFERENCE IN THEIR COMMUNITIES. AS A COMMUNITY FOUNDATION, WE INVEST AND DISTRIBUTE GRANTS FROM CHARITABLE FUNDS ESTABLISHED BY MEMBERS OF THE COMMUNITY. TODAY, WE MANAGE MORE THAN $1 BILLION IN ASSETS AND ADMINISTER MORE THAN 1,500 CHARITABLE FUNDS CREATED BY INDIVIDUALS, FAMILIES, BUSINESSES, AND NONPROFITS. MILLIONS OF DOLLARS IN GRANTS ARE DISTRIBUTED FROM THESE FUNDS EACH YEAR (SEE PART 1, LINE 13), EITHER PERSONALLY ADVISED BY OR IN ACCORDANCE WITH THE LEGACY WISHES OF OUR DONORS. WE ALSO STEWARD A PERMANENT CHARITABLE ENDOWMENT AND DISTRIBUTE THE INCOME FROM IT TO BENEFIT THE COMMUNITY. THE FOUNDATION CREATES INTERSECTIONS IN CIVIC LIFE THAT FOSTER A GENEROUS COMMUNITY OF DONORS, ORGANIZATIONS, STAFF, VOLUNTEERS, AND RESIDENTS WHO LISTEN, LEARN, AND TAKE RESPONSIVE ACTION TO ADDRESS PRESSING NEEDS. WE SUPPORT DONORS AND PARTNERS AS THEY EXPRESS THEIR GENEROSITY PERSONALLY, COLLECTIVELY, AND ACROSS GENERATIONS. WE INVEST IN COMMUNITY-SHAPED AND COMMUNITY-DRIVEN SOLUTIONS USING ALL AVAILABLE TOOLS AND RESOURCES. WE USE OUR ACCESS AND INFLUENCE TO AMPLIFY AND ELEVATE THE VOICES AND LEADERSHIP OF OTHERS. WE CREATE MEASURABLE MEANING AND IMPACT ACROSS OUR WORK THROUGH RESEARCH, EVALUATION, AND KNOWLEDGE-SHARING. WE DEMONSTRATE PHILANTHROPIC AND ORGANIZATIONAL EXCELLENCE IN IMPACT, INTEGRITY, AND INNOVATION. DURING THE YEAR ENDED MARCH 31, 2025, THE MINNEAPOLIS FOUNDATION RECEIVED MORE THAN $130 MILLION IN GIFTS AND AWARDED MORE THAN $125 MILLION IN TOTAL GRANTS. OUR DONORS ADVISED MORE THAN $92 MILLION IN GRANTS TO CAUSES LOCALLY AND AROUND THE UNITED STATES. THE FOUNDATION DISTRIBUTED COMMUNITY GRANTS TOTALING OVER $13 MILLION. THE REMAINING GRANTS WERE FROM A VARIETY OF FUNDS INCLUDING CORPORATE EMPLOYEE ASSISTANCE FUNDS, SCHOLARSHIPS, DESIGNATED FUNDS AND OTHERS. MORE INFORMATION ABOUT THE MINNEAPOLIS FOUNDATION CAN BE FOUND AT WWW.MINNEAPOLISFOUNDATION.ORG.Expenses $141,778,802 · grants $128,958,187 · revenue $1,307,931
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in March, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | March 31, 2026 | August 17, 2026 | Not on file |
| 2024 | March 31, 2025 | August 15, 2025 | 990 on file |
| 2023 | March 31, 2024 | August 15, 2024 | 990 on file |
IRS record
- EIN
- 41-6029402
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1926
- Accounting year ends
- March
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T310)
- Assets (IRS master file)
- $1,185,664,206
- Income (IRS master file)
- $331,494,540
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | March 2025 | $192,988,402 | $152,448,966 | $1,185,664,206 | XML |
| 990-T | March 2025 | – | – | – | IRS |
| 990 | March 2024 | $146,901,684 | $134,196,439 | $1,134,066,155 | XML |
| 990-T | March 2024 | – | – | – | IRS |
| 990 | March 2023 | $115,302,787 | $122,536,152 | $1,039,176,403 | IRS |
| 990-T | March 2023 | – | – | – | IRS |
| 990 | March 2022 | $204,398,163 | $121,965,802 | $1,113,100,701 | IRS |
| 990-T | March 2022 | – | – | – | IRS |
| 990 | March 2021 | – | – | – | IRS |
| 990-T | March 2021 | – | – | – | IRS |
| 990 | March 2020 | – | – | – | IRS |
| 990 | March 2019 | – | – | – | IRS |
| 990 | March 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 41-6029402).
Questions about MINNEAPOLIS FOUNDATION
- What is the EIN of MINNEAPOLIS FOUNDATION?
- The employer identification number (EIN) of MINNEAPOLIS FOUNDATION is 41-6029402.
- Is MINNEAPOLIS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1926.
- Are donations to MINNEAPOLIS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MINNEAPOLIS FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MINNEAPOLIS FOUNDATION due?
- The return for tax year 2025 (the year ending March 31, 2026) is due August 17, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MINNEAPOLIS FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended March 2025.
- Who is the principal officer of MINNEAPOLIS FOUNDATION?
- The 990 for the year ended March 31, 2025 names GREGORY WENZ.
- Who are the officers and directors of MINNEAPOLIS FOUNDATION?
- The 990 for the year ended March 31, 2025 lists 44 people; 9 received compensation from the organization, the highest $420,545 (RT RYBAK, PRESIDENT & CEO).
- How much revenue does MINNEAPOLIS FOUNDATION have?
- On its 990 for the year ended March 31, 2025 it reported revenue of $192,988,402, expenses of $152,448,966 and total assets of $1,185,664,206 at year end.
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- THE RICHARD M SCHULZE FAMILY FOUNDATION EIN 46-5588406 · last filed 990-PF for 2024
- JOYFUL NOISE CHARITABLE FOUNDATION EIN 41-1978254 · last filed 990-PF for 2024
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All nonprofits in MINNEAPOLIS · Minnesota · Philanthropy, voluntarism and grantmaking foundations