philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

The Community Foundation FY2020 filing

Chanhassen, MNUnknown exempt organizationEIN 32-0196064Revenue $98K in FY2020

On file with the IRScommunitygiving.org/cfccPo Box 468 · Chanhassen, MN

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

Support charitable investments that contribute to developing vibrant and healthy communitites.

85¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 2
filings with a surplus
Average deficit $232K a year · 473% of revenue · last 2 filings
Concern: a surplus in 0 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.1 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$98K
Spent
$483K
To programs
85%
Net assets
$78K
By yearFY2020–FY2021
Revenue
$98K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$98K
FY2021−$96
Expenses
$483K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$483K
FY2021$78K
Net assets
$78K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$78K
FY2021$0

From the FY2020 Form 990 (year ending June 2020) · see the original

Give Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2021) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2021.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $410K Management & general 15% · $73K Fundraising 0% · $650

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. Claim this org to fix it.

Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Robert Roepke
Chair of Board
$0Pt VII · Sec A
Laura Helmer
Vice Chair
$0Pt VII · Sec A
James Weygand
Vice Chair
$0Pt VII · Sec A
Kathie Lenzen
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Gregg Davies
Director
$0Pt VII · Sec A
Rick Ford
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See The Community Foundation executive salaries →

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

Something off? The org can add a note here. Claim this org to fix it.

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 15aNo

Programs and updates

Funds charitable investments to build vibrant, healthy communities.

Questions for The Community Foundation

Tap to ask. The Community Foundation sees how many people are interested.

Your first name shows with your question. The Community Foundation answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

1 program · $410K · in their own filed words · FY2019
01

We connect potential donors and their caritable interests and resources with local needs. We do this by managing and investing various funds that individuals, families and organizations have established with us. Those funds, grants and scholarships are then made to address local needs in carver county.

$410Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 2 grants · $378K · 2019–2020
Community GivingMN · FY2020$2,226
Community GivingFY2019$376,205

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$98K
Ln 12
Gifts and grantsLn 1h$72K
Investment incomeLn 3$13K
Fees for servicesLn 2g$13K
Money outPt IX
$483K
Ln 25
Programscol B$410K
Managementcol C$73K
Fundraisingcol D$650
Owns and owesPt X
$78K
net assets · Ln 32
Cash and savingsLn 1–2$2K
Total assetsLn 16$78K
LiabilitiesLn 26$0
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$72K
Fees for servicesLn 2g$13K
Investment incomeLn 3$13K
Gains on assetsLn 7$6K
Total revenueLn 12$98K
Assets in detailPt X, end of year
CashLn 1$2K
SavingsLn 2$0
Cash and savings togetherLn 1–2$2K
InvestmentsLn 11–13$76K
Total assetsLn 16$78K
LiabilitiesLn 26$0
Net assetsLn 32$78K
OperationsPt I, VI
EmployeesI 50
VolunteersI 612
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$28K$2K
InvestmentsLn 11–13$471K$76K
Total assetsLn 16$498K$78K
LiabilitiesLn 26$35K$0
Net assetsLn 32$463K$78K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$376K$376K
Management feesLn 11a$1K$1K
Accounting feesLn 11c$2K$2K
Investment management feesLn 11f$2K$1K$694
Other fees for servicesLn 11g$99K$33K$66K
Office expensesLn 13$1K$846$650
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$888$888
All other expensesLn 24e$22$22
Total functional expensesLn 25$483K$410K$73K$650

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest −$96$78K−$78K$0 990 PDF
FY2020 Viewing $98K$483K−$385K$78K 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 FY2020 990 (6 parts)
Part I · Summary $98,020 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $87,153$71,732
I-9 Program service revenuePrior year $22,507$12,939
I-10 Investment incomePrior year $99,976$13,349
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $209,636$98,020
I-13 Grants and similar amounts paidPrior year $839,500$376,205
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $292,027$106,907
I-18 Total expensesPrior year $1,131,527$483,112
I-19 Revenue less expensesPrior year −$921,891−$385,092
Part VI · Governance 12 of 12 board members independent, 3 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $98,020 across 6 lines filed
VIII-1f All other contributions, gifts and grants$71,732
VIII-1h Total contributions, gifts and grants$71,732
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $12,939$12,939
VIII-3 Investment incomeRelated to mission $7,653$7,653
VIII-7 Net gain or loss on sales of assetsRelated to mission $5,696$5,696
VIII-12 Total revenueRelated to mission $26,288 · Unrelated business $0 · Excluded from tax $0$98,020
Part IX · Statement of functional expenses $483,112 across 9 lines filed
IX-1 Grants to domestic organizationsPrograms $376,205$376,205
IX-11a Management feesManagement $1,169$1,169
IX-11c Accounting feesManagement $1,513$1,513
IX-11f Investment management feesPrograms $1,000 · Management $694$1,694
IX-11g Other fees for servicesPrograms $32,719 · Management $66,218$98,937
IX-13 Office expensesManagement $846 · Fundraising $650$1,496
IX-23 InsuranceManagement $1,188$1,188
IX-24 Other expenses (24a–d)Management $888$888
IX-24e All other expensesPrograms $22$22
IX-25 Total functional expensesPrograms $409,946 · Management $72,516 · Fundraising $650$483,112
Part X · Balance sheet $77,982 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $26,491$2,168
X-2 Savings and temporary cash investmentsStart of year $1,091$0
X-11 Publicly traded securitiesStart of year $470,829$75,814
X-16 Total assetsStart of year $498,411$77,982
X-25 Other liabilitiesStart of year $35,337$0
X-26 Total liabilitiesStart of year $35,337$0
X-27 Net assets without donor restrictionsStart of year $52,712$77,982
X-28 Net assets with donor restrictionsStart of year $410,362$0
X-32 Total net assets or fund balancesStart of year $463,074$77,982
X-33 Total liabilities and net assetsStart of year $498,411$77,982
Part XI · Reconciliation of net assets $77,982 net assets at year end
XI-1 Total revenue$98,020
XI-2 Total expenses$483,112
XI-3 Revenue less expenses−$385,092
XI-4 Net assets at start of year$463,074
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$77,982

Form 990 e-file (XML) FY2020 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

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.