To engage people, connect resources, and build community.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
$583K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $13.9M a year · 40% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$583K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
2 mo
of spending, in cash
Fine: 1.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $5.0M
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$38.3M
18% of total assets
Looks good: liabilities are 18% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 16 voting members
Looks good: 15 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$19.9M
-57% vs prior year
Spent
$20.8M
To programs
90%
Net assets
$170.3M
By yearFY2021–FY2025
Revenue
$19.9M
FY2023▼ -57%
Tap a bar for its year
Revenue by fiscal year
FY2021$30.3M
FY2022$46.5M
FY2023$19.9M
FY2024$30.3M
FY2025$46.2M
Expenses
$20.8M
FY2023▲ +6%
Tap a bar for its year
Expenses by fiscal year
FY2021$17.7M
FY2022$19.6M
FY2023$20.8M
FY2024$22.5M
FY2025$23.1M
Net assets
$170.3M
FY2023▲ +7%
Tap a bar for its year
Net assets by fiscal year
FY2021$161.8M
FY2022$159.1M
FY2023$170.3M
FY2024$192.6M
FY2025$231.3M

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1986.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $18.8M Management & general 5% · $985K Fundraising 5% · $1.0M

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

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Who runs it and what they're paid

19 people listed on the 990; $583K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
President
$223,821Pt VII · Sec A
Chief Financial Officer
$134,581Pt VII · Sec A
Cmcf Executive Director
$115,348Pt VII · Sec A
Wacf Executive Director
$109,697Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Steven Joul’s $252K as President is at the 55th percentile of top reported officer pay among 661 $10–100M 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 · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Steven Joul$251,717$235,923$223,821$214,884$203,093
Elise Wiener$157,496$146,865$134,581$125,886$119,309
Dominic Papatola$147,309————
Greta Stark-Kraker$141,554$128,607$115,348——
Sara Carlson$126,895$124,645$109,697$102,413—
Caryl Turnow————$116,021
Cary Pogatchnik$101,437————
Karl Samp————$101,253

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.

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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

Connects donors and resources to fund community initiatives, promote volunteerism, and build social capital through collaborative local programs.

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Provided by the organization

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3 programs · $18.8M · in their own filed words · FY2022
01

Grantmaking

The foundation administered the granting of over $17 million in distributions to over 1,000 non-profits from the 1,105 funds set up by donors.

$18.4Mprogram expense
02

Scholarships

The foundation administers 111 scholarship funds and awards of $238,419 to education institutions and to 160 students paid to their respective education institutions on a semester or quarterly basis.

$238Kprogram expense
03

Community Initiatives

The foundation focuses its efforts on supporting and staffing 6 major initiatives designed to engage the community in building social capital assets, promoting volunteer involvement activities for over 5,000 people and providing leverage to generate additional funds for identified community issues.

$157Kprogram expense

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 · FY2025
See all 3 funders →
Grants paid · 1,930 grants · $83.0M · 2020–2024
Unitemized GrantFY2024$650,690
Great River Childrens MuseumMN · FY2024$529,194
Centracare Health FoundationMN · FY2024$473,571
Unitemized GrantFY2024$362,716
Tvs Ministries INCTX · FY2024$300,000
The Regeneration CenterMN · FY2024$281,000
St Cloud Area Family YMCAMN · FY2024$276,024
City of AlbanyFY2024$250,000
Holy Family SchoolMN · FY2024$240,000
City of St CloudFY2024$233,000
See all 1,930 grants →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$19.9M
Ln 12
Gifts and grantsLn 1h$15.2M
Investment incomeLn 3$4.6M
Other incomeLn 4–11$136K
Money outPt IX
$20.8M
Ln 25
Programscol B$18.8M
Managementcol C$985K
Fundraisingcol D$1.0M
Owns and owesPt X
$170.3M
net assets · Ln 32
Cash and savingsLn 1–2$3.1M
Total assetsLn 16$208.6M
LiabilitiesLn 26$38.3M
PeoplePt VI, VII
19
listed · VII A
PaidVII A4
Voting boardVI 1a16
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$15.2M
Noncash giftsLn 1g$2.7M
Fundraising eventsLn 1c$215K
Investment incomeLn 3$4.6M
Other incomeLn 4–11$136K
Gains on assetsLn 7$841K
Total revenueLn 12$19.9M
Assets in detailPt X, end of year
CashLn 1$486K
SavingsLn 2$2.6M
Cash and savings togetherLn 1–2$3.1M
InvestmentsLn 11–13$203.4M
Land, buildings, equipmentLn 10c$784K
Other assetsLn 15$89K
Total assetsLn 16$208.6M
LiabilitiesLn 26$38.3M
Net assetsLn 32$170.3M
OperationsPt I, VI
EmployeesI 524
VolunteersI 6575
Fiscal year endsHeaderJune
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 FY23End FY23
Cash and savingsLn 1–2$4.1M$3.1M
InvestmentsLn 11–13$187.2M$203.4M
Land, buildings, equipmentLn 10c$738K$784K
Total assetsLn 16$193.1M$208.6M
LiabilitiesLn 26$34.0M$38.3M
Net assetsLn 32$159.1M$170.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$17.1M$17.1M
Grants to domestic individualsLn 2$461K$461K
Pay of current officers, directors and key staffLn 5$251K$87K$83K$81K
Other salaries and wagesLn 7$1.7M$593K$568K$554K
Pension plan contributionsLn 8$94K$33K$31K$30K
Other employee benefitsLn 9$185K$64K$61K$60K
Payroll taxesLn 10$138K$48K$46K$45K
Legal feesLn 11b$18K$6K$6K$6K
Accounting feesLn 11c$23K$8K$8K$7K
Advertising and promotionLn 12$33K$12K$11K$11K
Office expensesLn 13$163K$56K$54K$52K
Depreciation, depletion and amortizationLn 22$50K$17K$16K$16K
InsuranceLn 23$21K$7K$7K$7K
Other expenses (24a–d)Ln 24$580K$349K$93K$138K
Total functional expensesLn 25$20.8M$18.8M$985K$1.0M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $46.2M$23.1M$23.1M$231.3M 990 PDF
FY2024 $30.3M$22.5M$7.8M$192.6M 990 PDF
FY2023 Viewing $19.9M$20.8M−$935K$170.3M 990 PDF
FY2022 $46.5M$19.6M$26.9M$159.1M 990 PDF
FY2021 $30.3M$17.7M$12.6M$161.8M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $19,883,794 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $34,550,078$15,171,601
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $11,986,507$4,576,144
I-11 Other revenuePrior year −$13,045$136,049
I-12 Total revenuePrior year $46,523,540$19,883,794
I-13 Grants and similar amounts paidPrior year $17,068,170$17,547,289
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,960,394$2,383,531
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $613,981$888,328
I-18 Total expensesPrior year $19,642,545$20,819,148
I-19 Revenue less expensesPrior year $26,880,995−$935,354
Part VI · Governance 15 of 16 board members independent, no flags
VI-1a Voting members of the governing body16
VI-1b Independent voting members15
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $19,883,794 across 10 lines filed
VIII-1c Fundraising events$214,975
VIII-1d Related organizations$797,413
VIII-1f All other contributions, gifts and grants$14,159,213
VIII-1g Noncash contributions (included above)$2,746,557
VIII-1h Total contributions, gifts and grants$15,171,601
VIII-3 Investment incomeExcluded from tax $3,735,220$3,735,220
VIII-6 Net rental income or lossExcluded from tax −$93,189−$93,189
VIII-7 Net gain or loss on sales of assetsExcluded from tax $840,924$840,924
VIII-8 Net income from fundraising eventsExcluded from tax $229,238$229,238
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $4,712,193$19,883,794
Part IX · Statement of functional expenses $20,819,148 across 14 lines filed
IX-1 Grants to domestic organizationsPrograms $17,086,776$17,086,776
IX-2 Grants to domestic individualsPrograms $460,513$460,513
IX-5 Pay of current officers, directors and key staffPrograms $86,840 · Management $83,158 · Fundraising $81,008$251,006
IX-7 Other salaries and wagesPrograms $593,484 · Management $568,324 · Fundraising $553,629$1,715,437
IX-8 Pension plan contributionsPrograms $32,538 · Management $31,158 · Fundraising $30,352$94,048
IX-9 Other employee benefitsPrograms $64,021 · Management $61,306 · Fundraising $59,721$185,048
IX-10 Payroll taxesPrograms $47,741 · Management $45,717 · Fundraising $44,534$137,992
IX-11b Legal feesPrograms $6,396 · Management $6,125 · Fundraising $5,967$18,488
IX-11c Accounting feesPrograms $7,958 · Management $7,621 · Fundraising $7,423$23,002
IX-12 Advertising and promotionPrograms $11,571 · Management $11,080 · Fundraising $10,793$33,444
IX-13 Office expensesPrograms $56,250 · Management $53,864 · Fundraising $52,471$162,585
IX-22 Depreciation, depletion and amortizationPrograms $17,214 · Management $16,485 · Fundraising $16,058$49,757
IX-23 InsurancePrograms $7,166 · Management $6,861 · Fundraising $6,684$20,711
IX-24 Other expenses (24a–d)Programs $349,107 · Management $93,202 · Fundraising $138,032$580,341
IX-25 Total functional expensesPrograms $18,827,575 · Management $984,901 · Fundraising $1,006,672$20,819,148
Part X · Balance sheet $208,628,197 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $621,407$485,996
X-2 Savings and temporary cash investmentsStart of year $3,446,729$2,632,856
X-3 Pledges and grants receivableStart of year $46,650$10,450
X-4 Accounts receivableStart of year $983,284$1,187,491
X-9 Prepaid expenses and deferred chargesStart of year $50,523$32,570
X-10c Land, buildings and equipment, netStart of year $737,946$783,695
X-11 Publicly traded securitiesStart of year $177,005,186$192,415,256
X-12 Other securitiesStart of year $10,211,497$10,991,164
X-15 Other assetsStart of year $0$88,719
X-16 Total assetsStart of year $193,103,222$208,628,197
X-17 Accounts payable and accrued expensesStart of year $88,622$113,107
X-18 Grants payableStart of year $136,277$211,500
X-25 Other liabilitiesStart of year $33,755,174$37,972,712
X-26 Total liabilitiesStart of year $33,980,073$38,297,319
X-27 Net assets without donor restrictionsStart of year $126,629,927$135,908,678
X-28 Net assets with donor restrictionsStart of year $32,493,222$34,422,200
X-32 Total net assets or fund balancesStart of year $159,123,149$170,330,878
X-33 Total liabilities and net assetsStart of year $193,103,222$208,628,197
Part XI · Reconciliation of net assets $170,330,878 net assets at year end
XI-1 Total revenue$19,883,794
XI-2 Total expenses$20,819,148
XI-3 Revenue less expenses−$935,354
XI-4 Net assets at start of year$159,123,149
XI-5 Net unrealized gains (losses) on investments$11,185,827
XI-6 Donated services and use of facilities$6,900
XI-9 Other changes in net assets$950,356
XI-10 Net assets at end of year$170,330,878

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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