Gradient Gives Back Foundation EIN 27-0214967 Form 990 (PDF) Claim this org

Gradient Gives Back Foundation

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Offers financial aid to families facing hardship, so they can focus on what's important. For fiscal year 2024 it reported $256K in revenue, $241K in expenses, and $111K in net assets.Pt I

Type
Public charity (501(c)(3)) · Crime & Legal
Location
Arden Hills, MN
Filings
5 on file (2020–2024)
Revenue
$256KFY2024
Expenses
$241K
Net assets
$111K
People
4
Filings
5
Updates
0
More identity details & actions ⌄
EIN  27-0214967 Public charity (501(c)(3)) Arden Hills, MN
Form 990 (PDF)
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Size
$100K–1M
What they do
Offers financial aid to families facing hardship, so they can focus on what's important.
Leadership
Nikki Foley · Vice President
Money in and out
$256K revenue, $241K expenses
Bottom line
100% program efficiency
Where the money goes · FY2024
Total revenue
$256K
Pt VIII · Ln 12
Total expenses
$241K
Pt IX · Ln 25
Net assets
$111K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $16K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs
Operating runway
5.5mo
months of highly liquid reserves at operating expense rate▼ -49% vs prior filing year
Surplus margin
+6%
revenue over expenses, this year▼ -84% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$256K
FY2024▲ +53%
Total revenue
$256K
Pt VIII · Ln 12
Total expenses
$241K
Pt IX · Ln 25
Net assets
$111K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$16K
Total assetsPt X · Ln 16$111K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CGradient Gives Back Foundation
EINHdr · item D27-0214967
Principal addressHdr · item CArden Hills, MN
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCrime & Legal (I12)
Ruling yearIRS BMFMar 2012

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aNo
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
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
President
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $241K of program spending, described in the organization's own filed words · FY2024.
01

Families receive the life-changing gift of housing assistance, easing financial burdens when they need it most. By covering up to 12 months of mortgage or rent payments, we help families focus on what truly matterswhether thats recovery, caring for loved ones, or regaining financial independence.

$241Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue100%$256K
Total revenueLn 12$256K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$241K
Total functional expensesLn 25$241K

Balance Sheet

Part X · end of year
CashLn 1$111K
Total assetsLn 16$111K
Total liabilitiesLn 26$0
Total net assetsLn 32$111K
Months of cash on handcomputed5.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $111K · Operating expenses/yr $241K
5.5 months
Where the money goes
Program services
Program services $241K · Total expenses $241K
100%
Management & General
Management & general $0 · Total expenses $241K
0%
Fundraising
Fundraising $0 · Total expenses $241K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $256K
0%
Government reliance
Government grants — · Total revenue $256K
Earned-income share
Program service revenue $256K · Total revenue $256K
100%
Investment reliance
Investment income $0 · Total revenue $256K
0%
Program self-sufficiency
Program service revenue $256K · Total expenses $241K
107%
Growth & trend
Revenue growth (YoY)
This year $256K · Prior year $168K
+53%
Revenue CAGR
FY2020 $41K · FY2024 $256K
+58%
Net-asset trend (YoY)
End of year $111K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $256K · Expenses $241K
+6%
Liabilities-to-Assets
Total liabilities — · Total assets $111K
Net-asset ratio
Net assets $111K · Total assets $111K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $111K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Nikki Foley · Reported title Vice President · Highest reported compensation $0 · Total expenses $241K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $241K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Revenue growth 53%

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 · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$242
Grants paid · 1 grant · $179K · 2024–2024
Unitemized GrantFY2024$178,612

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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)$256K revenue · viewing · ⤓ 990 PDF
FY2023$168K revenue · ⤓ 990 PDF
FY2022$78K revenue · ⤓ 990 PDF
FY2021$149K revenue · ⤓ 990 PDF
FY2020$41K 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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