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Minerva Foundation INC EIN 20-1836334 Form 990 (PDF) Claim this org

Minerva Foundation INC FY2023 filing

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A private foundation based in Pennington, NJ. For fiscal year 2023 it reported $-823K in revenue, $606K in expenses, and $10.3M in net assets.Pt I

Type
Private foundation / grantmaker · Medical Research
Location
Pennington, NJ
Filings
6 on file (2020–2023)
Revenue
$-823KFY2023
Expenses
$606K
Net assets
$10.3M
People
3
Filings
6
Updates
0
More identity details & actions ⌄
EIN  20-1836334 Private foundation / grantmaker Pennington, NJ
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →
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Size
<$100K
What they do
A private foundation based in Pennington, NJ.
Leadership
Kristie Miller · President
Money in and out
$-823K revenue, $606K expenses
Bottom line
—
Grants paid & assets · FY2023
Total revenue
$-823K
Pt VIII · Ln 12
Total expenses
$606K
Pt IX · Ln 25
Net assets
$10.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$1.4M
Total assets
10.3M
deployed as grants and operations
Grants paid
474K
in FY2023
Grants made
13grants
total in period
Payout rate
5%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 13 grants · $567K · 2024–2024
Democracy Forward FdnFY2024$180,164
Defenders of WildlifeDC · FY2024$75,000
Johns Hopkins UniversityFY2024$50,000
Planned Parenthood FederationFY2024$50,000
Unrwa USAFY2024$44,164
Doctors Without BordersFY2024$44,164
Fund for Constitutional GovernmentDC · FY2024$30,000
The Nature ConservancyVA · FY2024$25,000
Sarah Lawrence CollegeNY · FY2024$25,000
Nsvc - EarthwalkFY2024$14,000
The Alex Manfull FundNH · FY2024$10,000
826nyc INCNY · FY2024$10,000
New Urban ArtsRI · FY2024$10,000

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV7
Average grantPart XV$44K
Median grantPart XV$30K
Largest grantPart XV$180K
Top cause focusNTEEEducation (15%)

Summary of the Filing

Part I · fiscal year 2023 · Form 990-PF
Revenue
$-823K
FY2023▼ -123%
Expenses
$606K
FY2023▼ -5%
Total assets
$10.3M
FY2023▼ -12%
Total liabilities
$0
FY2023
Total revenue
$-823K
Pt VIII · Ln 12
Total expenses
$606K
Pt IX · Ln 25
Net assets
$10.3M
Pt X · Ln 32
Total assetsPt II$10.3M

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMinerva Foundation INC
EINHdr · item D20-1836334
Principal addressHdr · item CPennington, NJ
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MNJ
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFMedical Research (H19)
Ruling yearIRS BMFNov 2006

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.78 Operating & administrative $0.22
Grants & contributions paid78%$474K
Operating & administrative22%$132K
Total functional expensesLn 25$606K

Balance Sheet

Part X · end of year
CashLn 1$262K
Total assetsLn 16$10.3M
Total liabilitiesLn 26$0
Total net assetsLn 32$10.3M
Months of cash on handcomputed5.2

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $10.3M
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $-823K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $-823K
—
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $-823K · Prior year $3.6M
-123%
Net-asset trend (YoY)
End of year $10.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $-823K · Expenses $606K
—
Liabilities-to-Assets
Total liabilities — · Total assets $10.3M
—
Net-asset ratio
Net assets $10.3M · Total assets $10.3M
100%
People & payroll
Highest Reported Total Compensation
Individual — · Reported title — · Highest reported compensation — · Total expenses $606K
No individual compensation reported on this filing
Personnel share
not reported
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth -123%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$908K revenue · ⤓ 990 PDF
FY2024$1.6M revenue · ⤓ 990 PDF
FY2023$-823K revenue · viewing · ⤓ 990 PDF
FY2022$3.6M revenue · ⤓ 990 PDF
FY2021$813K revenue · ⤓ 990 PDF
FY2020$673K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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