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Midcontinent Foundation EIN 36-3556764 Form 990 (PDF) Claim this org

Midcontinent Foundation FY2022 filing

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A private foundation based in Minneapolis, MN. It reported about $260K in revenue for 2022. For fiscal year 2022 it reported $260K in revenue, $263K in expenses, and $21K in net assets.Pt I

Type
Private foundation / grantmaker · Nonprofit
Location
Minneapolis, MN
Filings
5 on file (2020–2022)
Revenue
$260KFY2022
Expenses
$263K
Net assets
$21K
People
15
Filings
5
Updates
0
More identity details & actions ⌄
EIN  36-3556764 Private foundation / grantmaker Minneapolis, MN 1 follower
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
A private foundation based in Minneapolis, MN. It reported about $260K in revenue for 2022.
Leadership
Pat McAdaragh · President/Director - Thru 5/2021
Money in and out
$260K revenue, $263K expenses
Bottom line
—
Grants paid & assets · FY2022
Total revenue
$260K
Pt VIII · Ln 12
Total expenses
$263K
Pt IX · Ln 25
Net assets
$21K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$3K
Total assets
25K
deployed as grants and operations
Grants paid
250K
in FY2022
Grants made
262grants
total in period
Payout rate
985%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 262 grants · $269K · 2024–2024
YMCA Sioux Falls (for Camp Leif Ericson)FY2024$5,000
Cristo Rey Jesuit High SchoolFY2024$5,000
Wecan Western Communities Action NetworkFY2024$4,000
Turningpoint for VictimsFY2024$3,000
Douglas County Child Development Association DBA Positive Bright StartFY2024$3,000
City of BasehorFY2024$2,500
The Lincoln High School Bandparents AssociationSD · FY2024$2,500
IT Takes a Village (fiscal Sponsor Embe)FY2024$2,500
Friends of Levitt Sioux Falls LLCFY2024$2,500
Le Sueur County Fair AssociationMN · FY2024$2,500
City of TonganoxieFY2024$2,070
Victims of Violence Intervention Program (vvip)- Artemis HouseFY2024$2,000
New Adventures Journeys and Achievements FoundationSD · FY2024$2,000
O'Connell Children's ShelterFY2024$2,000
Northern State University FoundationSD · FY2024$2,000
Junior Achievement North Greater MinnesotaFY2024$2,000
Eudora Community LibraryFY2024$2,000
Doland Volunteer Fire DepartmentFY2024$2,000
See all 262 grants →

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV100
Average grantPart XV$1K
Median grantPart XV$1K
Largest grantPart XV$5K
Top cause focusNTEEEducation (5%)

Summary of the Filing

Part I · fiscal year 2022 · Form 990-PF
Revenue
$260K
FY2022▲ +8%
Expenses
$263K
FY2022▼ -4%
Total assets
$25K
FY2022▼ -25%
Total liabilities
$4K
FY2022▼ -56%
Total revenue
$260K
Pt VIII · Ln 12
Total expenses
$263K
Pt IX · Ln 25
Net assets
$21K
Pt X · Ln 32
Total assetsPt II$25K

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMidcontinent Foundation
EINHdr · item D36-3556764
Principal addressHdr · item CMinneapolis, MN
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MMN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFFeb 1988

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Pat McAdaragh
President/Director - Thru 5/2021
$0Pt VII · Sec A
Liz Statz
Secretary/Director
$0Pt VII · Sec A
Wynne Haakenstad
Executive Director
$0Pt VII · Sec A
Tammy Alberts
Director - Thru 5/2021
$0Pt VII · Sec A
Sandeep Bowenapally
Director - Thru 5/2021
$0Pt VII · Sec A
Will Butler
Director - as of 8/2021
$0Pt VII · Sec A
Shawn Doherty
Director - as of 8/2021
$0Pt VII · Sec A
Mike Fisher
Director - as of 8/2021
$0Pt VII · Sec A
See Midcontinent Foundation executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants100%$260K
Total revenueLn 12$260K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.95 Operating & administrative $0.05
Grants & contributions paid95%$250K
Operating & administrative5%$14K
Total functional expensesLn 25$263K

Balance Sheet

Part X · end of year
CashLn 1$25K
Total assetsLn 16$25K
Total liabilitiesLn 26$4K
Total net assetsLn 32$21K
Months of cash on handcomputed1.2

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $25K
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $260K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $260K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $260K · Prior year $240K
+8%
Net-asset trend (YoY)
End of year $21K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $260K · Expenses $263K
-1%
Liabilities-to-Assets
Total liabilities — · Total assets $25K
—
Net-asset ratio
Net assets $21K · Total assets $25K
84%
People & payroll
Highest Reported Total Compensation
Individual — · Reported title — · Highest reported compensation — · Total expenses $263K
No individual compensation reported on this filing
Personnel share
not reported
Peer comparison

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

MetricThis orgPeer medianPercentile
Revenue growth 8%——

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.

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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)$300K revenue · ⤓ 990 PDF
FY2023$355K revenue · ⤓ 990 PDF
FY2022$260K revenue · viewing · ⤓ 990 PDF
FY2021$240K revenue · ⤓ 990 PDF
FY2020$495K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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