Unity Foundation EIN 20-3420789

Unity Foundation

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Unites Christians in the Alexandria area through shared faith and fellowship. For fiscal year 2024 it reported $190K in revenue, $172K in expenses, and $121K in net assets.Pt I

Type
Public foundation / grantmaker · Foundations & Grantmakers
Location
Alexandria, MN
Website
www.unityfoundationalexandria.com
Filings
5 on file (2020–2024)
Revenue
$190KFY2024
Expenses
$172K
Net assets
$121K
People
17
Filings
5
Updates
0
More identity details & actions ⌄
EIN  20-3420789 Public foundation / grantmaker Alexandria, MN
Form 990 (PDF)
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Size
$100K–1M
What they do
Unites Christians in the Alexandria area through shared faith and fellowship.
Leadership
Kelsi Timm · Executive Director · $62K
Money in and out
$190K revenue, $172K expenses
Bottom line
83% program efficiency
Grants paid & assets · FY2024
Total revenue
$190K
Pt VIII · Ln 12
Total expenses
$172K
Pt IX · Ln 25
Net assets
$121K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $19K
Where spending went · Part IX cols B–D
Program services $0.83 Management & general $0.17
Program efficiency
83%
of spending reaches programs
Operating runway
8.4mo
months of highly liquid reserves at operating expense rate▼ -7% vs prior filing year
Surplus margin
+10%
revenue over expenses, this year▲ +68% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$190K
FY2024▲ +35%
Total revenue
$190K
Pt VIII · Ln 12
Total expenses
$172K
Pt IX · Ln 25
Net assets
$121K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$19K
Total assetsPt X · Ln 16$121K
Program-expense ratioPt IX · col B83%
Voting members of governing bodyPt I · Ln 316
Independent voting membersPt I · Ln 416
Mission & Programs · Part III

Where the work happens

1 program service account for $143K of program spending, described in the organization's own filed words · FY2024.
01

The unity foundation exists to encourage and facilitate unity in christ in the alexandria area through workplace ministry. Our focus is on equipping and supporting business leaders, employees, and organizations to boldly live out their faith in their workplaces.

$143Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CUnity Foundation
EINHdr · item D20-3420789
Principal addressHdr · item CAlexandria, MN
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T30)
Ruling yearIRS BMFDec 2005

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a16
Independent voting membersPt VI · Ln 1b16
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$62,263Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Executive Committee
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Kelsi Timm’s $62K as Executive Director is at the 60th percentile of top reported officer pay among 1263 $100K–1M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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Statement of Revenue

Part VIII
Contributions & grants$150K · 79%
Program service revenue$39K · 20%
Investment income$2K · 1%
Contributions & grants79%$150K
Program service revenue20%$39K
Investment income1%$2K
Other revenue$608
Total revenueLn 12$190K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.83 Management & general $0.17
Program services83%$143K
Management & general17%$29K
Total functional expensesLn 25$172K

Balance Sheet

Part X · end of year
CashLn 1$120K
Total assetsLn 16$121K
Total liabilitiesLn 26$0
Total net assetsLn 32$121K
Months of cash on handcomputed8.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $120K · Operating expenses/yr $172K
8.4 months
Where the money goes
Program services
Program services $143K · Total expenses $172K
83%
Management & General
Management & general $29K · Total expenses $172K
17%
Fundraising
Fundraising $0 · Total expenses $172K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $150K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $150K · Total revenue $190K
79%
Government reliance
Government grants — · Total revenue $190K
Earned-income share
Program service revenue $39K · Total revenue $190K
20%
Investment reliance
Investment income $2K · Total revenue $190K
+0.8%
Program self-sufficiency
Program service revenue $39K · Total expenses $172K
22%
Growth & trend
Revenue growth (YoY)
This year $190K · Prior year $141K
+35%
Revenue CAGR
FY2020 $131K · FY2024 $190K
+10%
Net-asset trend (YoY)
End of year $121K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $190K · Expenses $172K
+10%
Liabilities-to-Assets
Total liabilities — · Total assets $121K
Net-asset ratio
Net assets $121K · Total assets $121K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $121K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Kelsi Timm · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $62K · Total expenses $172K
36%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $62K · Total expenses $172K
36%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 83%
Overhead ratio 17%
Fundraising cost ratio 0%
Revenue growth 35%
Accounting fee ratio 2%

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.

Grants

Schedule I · funders on record
Grants received · FY2023
CommunitygivingFY2023$22K
Total grants receivedfrom 1 funder$22K

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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
FY2024 (Latest)$190K revenue · viewing · ⤓ 990 PDF
FY2023$141K revenue · ⤓ 990 PDF
FY2022$168K revenue · ⤓ 990 PDF
FY2021$144K revenue · ⤓ 990 PDF
FY2020$131K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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