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Midcontinent Foundation FY2023 filing

Tax-deductible

Minneapolis, MN501(c)(3)EIN 36-3556764Revenue $355K in FY2023

On file with the IRS3600 Minnesota Dr Ste 700, 55435-7918 · Minneapolis, MNTax-exempt since Feb 1988Private non-operating foundation

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501(c)(3) charity; gifts are tax-deductible.
Status: IRS Pub. 78

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FY2023 · Form 990-PFIndependent: 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-PF
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $13K a year · 4% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
990-PF Pt I · 5 filings
Cash reserves
2 mo
of spending, in cash
Fine: 2.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$5K
9% of total assets
Looks good: liabilities are 9% of assets; 50% or less.
990-PF Pt II
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$355K
+37% vs prior year
Spent
$319K
Net assets
$57K
By yearFY2020–FY2024
Revenue
$355K
FY2023▲ +37%
Tap a bar for its year
Revenue by fiscal year
FY2020$495K
FY2021$240K
FY2022$260K
FY2023$355K
FY2024$300K
Expenses
$319K
FY2023▲ +21%
Tap a bar for its year
Expenses by fiscal year
FY2020$453K
FY2021$273K
FY2022$263K
FY2023$319K
FY2024$278K
Net assets
$57K
FY2023▲ +169%
Tap a bar for its year
Net assets by fiscal year
FY2020$58K
FY2021$25K
FY2022$21K
FY2023$57K
FY2024$79K

From the FY2023 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2023 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 Feb 1988.

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

Where the money goes

What each dollar paid for.

Grants & contributions paid 92% · $294K Operating & administrative 8% · $25K

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

15 people listed on the 990-PF.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2023 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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Programs and updates

A private foundation based in Minneapolis, MN.

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Provided by the organization

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Grants and how to apply

Who it funds, and how to ask.

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
Individual RecipientFY2024$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%)

By the numbers

The FY2023 990-PF, line by line.

Download 990
from philanthropy.org
1The main four
Money in
$355K
Gifts and grants$355K
Money out
$319K
Grants paid$294K
Running costs$25K
Owns and owes
$57K
net assets
Cash and savings$63K
Total assets$63K
Liabilities$5K
People
15
listed
Paid0
2In more detail
Revenue in detail
Gifts and grants$355K
Total revenue$355K
Assets in detailEnd of year
Cash and savings together$63K
Total assets$63K
Liabilities$5K
Net assets$57K
Operations
Fiscal year endsDecember

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $300K$278K$22K$79K 990 PDF
FY2023 Viewing $355K$319K$36K$57K 990 PDF
FY2022 $260K$263K−$3K$21K 990 PDF
FY2021 $240K$273K−$33K$25K 990 PDF
FY2020 $495K$453K$42K$58K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

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

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