The Depot Foundation

Tax-deductible

Duluth, MN501(c)(3)EIN 41-1356072

501(c)(3) charity; gifts are tax-deductible.
$96K paid to officers and key staff.
Status: IRS Pub. 78 · Pay: Part VII

Before you give

FY2024 · 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 4
filings with a surplus
Average surplus $225K a year · 23% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
990-PF Pt I · 4 filings
Pay to officers and key staff
$96K
to officers and key staff · 15% of spending
Looks good: pay to officers and key staff is 15% of spending; 15% or less.
990-PF Pt VIII
Cash reserves
10 mo
of spending, in cash
Looks good: 9.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $146K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$593K
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
990-PF Pt II
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$646K
-10% vs prior year
Spent
$636K
Net assets
$7.8M
By yearFY2021–FY2024
Revenue
$646K
FY2024▼ -10%
Revenue by fiscal year
FY2021$1.1M
FY2022$1.3M
FY2023$833K
FY2024$719K
FY2024$646K
Expenses
$636K
FY2024▼ -53%
Expenses by fiscal year
FY2021$438K
FY2022$1.2M
FY2023$104K
FY2024$1.4M
FY2024$636K
Net assets
$7.8M
FY2024▲ +8%
Net assets by fiscal year
FY2021$8.3M
FY2022$6.5M
FY2023$7.5M
FY2024$7.2M
FY2024$7.8M

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1979.

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

Where the money goes

What each dollar paid for.

Grants & contributions paid 63% · $399K Operating & administrative 37% · $236K

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

Who runs it and what they're paid

14 people listed on the 990-PF; $96K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Di
$95,820Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See The Depot Foundation executive salaries →

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Programs and updates

A private foundation based in Duluth, MN.

Provided by the organization

This section is blank until The Depot Foundation claims this page.

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Grants and how to apply

Who it funds, and how to ask.

Who They Fund

Part XV · grants paid · 31 grants · $559K · 2024–2024
St Louis County - the DepotFY2024$149,000
Minnesota BalletFY2024$83,346
St Louis County Historical SocietyFY2024$49,808
Zeitgeist Center for Arts and CommuFY2024$30,000
Lake Superior Railroad MuseumFY2024$29,480
Duluth Superior Symphony OrchestraFY2024$25,377
Minnesota BalletFY2024$24,510
The Old Hillside LLCFY2024$20,000
Lake Superior Railrod MuseumFY2024$19,874
Lake Arts ProjectFY2024$16,159
Minnesota BalletFY2024$13,780
Duluth Superior Symphony OrchestraFY2024$12,725
St Louis County Historical SocietyFY2024$12,500
Zeitgeist Center for Arts and CommuFY2024$10,901
Lyric Opera of the NorthFY2024$10,500
St Louis County - the DepotFY2024$8,153
Zeitgeist Center for Arts and CommuFY2024$5,249
St Louis County Historical SocietyFY2024$5,189
See all 31 grants →

Grantmaking Profile

Patterns in foundation giving
Average grantPart XV$18K
Median grantPart XV$8K
Largest grantPart XV$149K

By the numbers

The FY2024 990-PF, line by line.

1The main four
Money in
$646K
Investment income$362K
Gifts and grants$266K
Other income$18K
Money out
$636K
Grants paid$399K
Running costs$236K
Owns and owes
$7.8M
net assets
Cash and savings$503K
Total assets$8.4M
Liabilities$593K
People
14
listed
Paid1
2In more detail
Revenue in detail
Gifts and grants$266K
Investment income$362K
Other income$18K
Total revenue$646K
Assets in detailEnd of year
Cash and savings together$503K
Total assets$8.4M
Liabilities$593K
Net assets$7.8M
Operations
Fiscal year endsDecember

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $719K$1.4M−$639K$7.2M 990 PDF
FY2023 $833K$104K$729K$7.5M 990 PDF
FY2022 $1.3M$1.2M$108K$6.5M 990 PDF
FY2021 $1.1M$438K$703K$8.3M 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) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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