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Community Development : Community Foundations

The Minneapolis Foundation

Celebrating 100 Years of Innovative Community Building

four stars

94.48

800 IDS Center 80 South Eighth Street
Minneapolis, MN 55402
tel: (866) 305-0543   Web Site
EIN: 41-6029402

Board Leadership
Phil Smith
Chair

CEO
R.T. Rybak
President and CEO

  Score
(out of 100)
Rating
Overall Score & Rating 94.48 four stars
  Financial 93.31 four stars
  Accountability & Transparency 96.00 four stars
This rating was published 08/01/2018 and includes data from FY2017, the most recent 990 received at that time.

Established in 1915, The Minneapolis Foundation is one of the nation's oldest and largest community foundations. We manage nearly $700 million in assets, and administer more than 1,000 charitable funds created by individuals, families, businesses, and nonprofits. More than $30 million in grants are distributed from these funds each year, either personally recommended by or in accordance with the legacy wishes of our donors. Our purpose is to join with others to strengthen our community, in measurable and sustainable ways, for the benefit of all citizens, especially those who are disadvantaged.

Established in 1915, The Minneapolis Foundation is one of the nation's oldest and largest community foundations. We manage nearly $700 million in assets, and administer more than 1,000 charitable funds created by individuals, families, businesses, and nonprofits. More than $30 million in grants are distributed from these funds each year, either personally recommended by or in accordance with the legacy wishes of our donors. Our purpose is to join with others to strengthen our community, in measurable and sustainable ways, for the benefit of all citizens, especially those who are disadvantaged.

Impact Information

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Financial

four stars

93.31

Accountability & Transparency

four stars

96.00

This rating was published 08/01/2018 and includes data from FY2017, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
90.9%
  Administrative Expenses 6.6%
  Fundraising Expenses 2.4%
  Fundraising Efficiency $0.03
  Working Capital Ratio (years) 8.28
  Program Expenses Growth 8.6%
  Liabilities to Assets 6.9%
All data for Financial Performance Metrics calculations was provided by The Minneapolis Foundation on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by The Minneapolis Foundation on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
The Minneapolis Foundation (MN) 94.48 four stars
The Greater Cincinnati Foundation (OH) 94.51 four stars
The Denver Foundation (CO) 89.31 three stars
New Hampshire Charitable Foundation (NH) 91.50 four stars
Communities Foundation of Texas (TX) 91.42 four stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $77,936,900
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $19,475
   Related Organizations $0
   Government Grants $0
Total Contributions $77,956,375
   Program Service Revenue $461,528
Total Primary Revenue $78,417,903
   Other Revenue $19,611,080
TOTAL REVENUE $98,028,983
   
EXPENSES  
   Program Expenses $63,361,963
   Administrative Expenses $5,606,166
   Fundraising Expenses $1,880,931
TOTAL FUNCTIONAL EXPENSES $70,849,060
   
Payments to Affiliates $0
Excess (or Deficit) for the year $27,179,923
   
Net Assets $682,873,727

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Charitable Funds, Grantmaking, and Leadership $63,361,963 100.0%

Ratings History
The Minneapolis Foundation has received 7 consecutive 4-star ratings from Charity Navigator.

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2017-03 08/01/2018 94.48 four stars
2016-03 08/01/2017 94.24 four stars
2015-03 07/01/2016 96.57 four stars
2014-03 06/01/2016 90.96 four stars
 
CN 2.0
2014-03 09/01/2015 92.02 four stars
2013-03 10/01/2014 97.08 four stars
2012-03 08/01/2013 93.73 four stars
2011-03 05/01/2012 92.41 four stars
2010-03 09/20/2011 84.24 three stars
 
CN 1.0
2010-03 07/01/2011 76.29 two stars
2009-03 07/01/2010 89.75 three stars
2008-03 07/01/2009 94.33 four stars
2007-03 05/01/2008 87.59 three stars
2006-03 05/01/2007 91.94 four stars
2005-03 02/01/2006 97.06 four stars
2004-03 02/01/2005 86.15 three stars
2003-03 05/01/2004 84.08 three stars
2002-03 04/15/2003 89.07 three stars
2001-03 10/15/2002 88.92 three stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 41-6029402
Name in IRS Master File MINNEAPOLIS FOUNDATION
NTEE Code T31
NTEE Classification Community Foundations
NTEE Type Philanthropy, Voluntarism and Grantmaking Foundations
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (602) Gifts, grants, or loans to other organizations
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date September, 1926
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End March
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • March, 2017
  • March, 2016
  • March, 2015
  • March, 2014
  • March, 2013

The data displayed in this profile is provided by the IRS for free in the form of Publication 78 and the Business Master File (BMF).

Compensation % of Expenses Paid to Title
$162,455 0.22% RT Rybak President, CEO
Other Salaries of Note
$435,068 0.61% Sandra Vargas Former President, CEO

Highly Rated

Charity Name & State Overall Score Overall Rating
The Minneapolis Foundation (MN) 94.48 four stars
Hartford Foundation for Public Giving (CT) 88.02 three stars
Foundation for MetroWest (MA) 89.94 three stars
Greater Milwaukee Foundation (WI) 97.13 four stars
Orange County Community Foundation (CA) 95.47 four stars

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Charity Contact Info

The Minneapolis Foundation
800 IDS Center
80 South Eighth Street
Minneapolis, MN 55402
tel: (866) 305-0543
fax: (612) 672-3846
EIN: 41-6029402

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Board Leadership

Phil Smith
Chair

CEO

R.T. Rybak
President and CEO

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