Northfield Shares FY2022 filing

Tax-deductible

Northfield, MN501(c)(3)Foundations & GrantmakersEIN 27-3080430

This page gets seen. Tell your story. Claim this org.

Northfield Shares seeks to sustain and transform the Northfield community by advancing philanthropy, inspiring volunteerism and promoting collaborative leadership.

501(c)(3) charity; gifts are tax-deductible.
65¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $1.0M a year · 49% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
65%
of spending
Worth a look: 65% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
9 mo
of spending, in cash
Looks good: 8.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $2.2M
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$469K
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$478K
-88% vs prior year
Spent
$519K
To programs
65%
Net assets
$5.4M
By yearFY2020–FY2024
Revenue
$478K
FY2022▼ -88%
Revenue by fiscal year
FY2020$627K
FY2021$4.1M
FY2022$478K
FY2023$1.3M
FY2024$4.1M
Expenses
$519K
FY2022▼ -79%
Expenses by fiscal year
FY2020$469K
FY2021$2.5M
FY2022$519K
FY2023$567K
FY2024$1.3M
Net assets
$5.4M
FY2022▼ -12%
Net assets by fiscal year
FY2020$4.8M
FY2021$6.1M
FY2022$5.4M
FY2023$6.7M
FY2024$9.5M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2011.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

65 cents of each dollar spent went to programs.

Program services 65% · $337K Management & general 21% · $110K Fundraising 14% · $72K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? The org can add a note here. Request edit privileges.

Who runs it and what they're paid

17 people listed on the 990.

Part VII, Section A · reportable compensation
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Carrie Carroll’s $114K as Executive Directors is at the 42nd percentile of top reported officer pay among 1690 $1–10M 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.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023
Carrie Carroll$114,250$107,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Northfield Shares executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Request edit privileges.

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Advances philanthropy, inspires volunteerism, and promotes collaborative leadership to sustain and transform the community.

Provided by the organization

This section is blank until Northfield Shares claims this page.

Know this organization? Claim it to add your story

2 program services account for $337K of program spending, described in the organization's own filed words · FY2022.
01

Receive, maintain and disburse funds for the benefit of the greater northfield community.

$334Kprogram expense
02

Promote volunteerism and its importance to the greater northfield community, assist nonprofit organizations in promoting their volunteer opportunities, and connect volunteers with local service opportunities. Approximately 20-30 individuals volunteered directly to our work as the community foundation.

$3Kprogram expense

Run this program? Claim this org to tell your story

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 4 funders →
Grants paid · 73 grants · $3.5M · 2020–2024
The College of WoosterOH · FY2024$137,100
Northfield United MethodistFY2024$137,100
Carleton CollegeMN · FY2024$137,100
Center for Courage & RenewalSC · FY2024$110,000
Eastman School of MusicFY2024$82,260
Minnesota Department of Natural ResourcesMN · FY2024$20,800
St Johns Lutheran ChurchMN · FY2024$14,000
Women in Northfield Giving Support (wings)FY2024$12,101
Fifty NorthMN · FY2024$12,101
Clean River Partners INCMN · FY2024$9,550
Film NorthMN · FY2024$8,000
St Olaf CollegeMN · FY2023$16,511
See all 73 grants →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$478K
Ln 12
Gifts and grantsLn 1h$346K
Investment incomeLn 3$128K
Fees for servicesLn 2g$3K
Money outPt IX
$519K
Ln 25
Programscol B$337K
Managementcol C$110K
Fundraisingcol D$72K
Owns and owesPt X
$5.4M
net assets · Ln 32
Cash and savingsLn 1–2$385K
Total assetsLn 16$5.9M
LiabilitiesLn 26$469K
PeoplePt VI, VII
17
listed · VII A
PaidVII A0
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$346K
Noncash giftsLn 1g$47K
Fees for servicesLn 2g$3K
Investment incomeLn 3$128K
Gains on assetsLn 7$640
Total revenueLn 12$478K
Assets in detailPt X, end of year
CashLn 1$308K
SavingsLn 2$77K
Cash and savings togetherLn 1–2$385K
InvestmentsLn 11–13$5.5M
Total assetsLn 16$5.9M
LiabilitiesLn 26$469K
Net assetsLn 32$5.4M
OperationsPt I, VI
EmployeesI 51
VolunteersI 660
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$362K$385K
InvestmentsLn 11–13$6.2M$5.5M
Total assetsLn 16$6.7M$5.9M
LiabilitiesLn 26$550K$469K
Net assetsLn 32$6.1M$5.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$263K$263K
Other salaries and wagesLn 7$91K$36K$27K$27K
Payroll taxesLn 10$24K$10K$7K$7K
Accounting feesLn 11c$5K$5K
Other fees for servicesLn 11g$70K$1K$46K$23K
Advertising and promotionLn 12$6K$712$3K$2K
Office expensesLn 13$3K$464$2K$374
Information technologyLn 14$21K$7K$7K$7K
OccupancyLn 16$6K$6K
TravelLn 17$2K$1K$1K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$26K$18K$5K$4K
All other expensesLn 24e$269$269
Total functional expensesLn 25$519K$337K$110K$72K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $4.1M$1.3M$2.8M$9.5M 990 PDF
FY2023 $1.3M$567K$738K$6.7M 990 PDF
FY2022 Viewing $478K$519K−$42K$5.4M 990 PDF
FY2021 $4.1M$2.5M$1.6M$6.1M 990 PDF
FY2020 $627K$469K$158K$4.8M 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (4 parts)
Part VIII · Statement of revenue $477,542 across 7 lines filed
VIII-1f All other contributions, gifts and grants$346,347
VIII-1g Noncash contributions (included above)$46,555
VIII-1h Total contributions, gifts and grants$346,347
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Excluded from tax $3,457$3,457
VIII-3 Investment incomeExcluded from tax $127,098$127,098
VIII-7 Net gain or loss on sales of assetsRelated to mission $640$640
VIII-12 Total revenueRelated to mission $640 · Excluded from tax $130,555$477,542
Part IX · Statement of functional expenses $519,406 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $262,577$262,577
IX-7 Other salaries and wagesPrograms $36,462 · Management $27,347 · Fundraising $27,347$91,156
IX-10 Payroll taxesPrograms $9,600 · Management $7,200 · Fundraising $7,200$24,000
IX-11c Accounting feesManagement $5,125$5,125
IX-11g Other fees for servicesPrograms $1,423 · Management $45,604 · Fundraising $22,864$69,891
IX-12 Advertising and promotionPrograms $712 · Management $2,676 · Fundraising $2,496$5,884
IX-13 Office expensesPrograms $464 · Management $1,796 · Fundraising $374$2,634
IX-14 Information technologyPrograms $6,964 · Management $6,964 · Fundraising $7,175$21,103
IX-16 OccupancyManagement $6,275$6,275
IX-17 TravelPrograms $1,121 · Fundraising $1,121$2,242
IX-23 InsuranceManagement $1,833$1,833
IX-24 Other expenses (24a–d)Programs $18,167 · Management $4,614 · Fundraising $3,636$26,417
IX-24e All other expensesManagement $269$269
IX-25 Total functional expensesPrograms $337,490 · Management $109,703 · Fundraising $72,213$519,406
Part X · Balance sheet $5,894,936 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $254,264$307,874
X-2 Savings and temporary cash investmentsStart of year $107,276$76,836
X-3 Pledges and grants receivableStart of year $96,011$233
X-11 Publicly traded securitiesStart of year $6,226,121$5,509,993
X-16 Total assetsStart of year $6,683,672$5,894,936
X-17 Accounts payable and accrued expensesStart of year $1,600$23,981
X-25 Other liabilitiesStart of year $548,882$444,598
X-26 Total liabilitiesStart of year $550,482$468,579
X-27 Net assets without donor restrictionsStart of year $1,142,859$1,129,299
X-28 Net assets with donor restrictionsStart of year $4,990,331$4,297,058
X-32 Total net assets or fund balancesStart of year $6,133,190$5,426,357
X-33 Total liabilities and net assetsStart of year $6,683,672$5,894,936
Part XI · Reconciliation of net assets $5,426,357 net assets at year end
XI-1 Total revenue$477,542
XI-2 Total expenses$519,406
XI-3 Revenue less expenses−$41,864
XI-4 Net assets at start of year$6,133,190
XI-5 Net unrealized gains (losses) on investments−$664,969
XI-10 Net assets at end of year$5,426,357

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.