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

Before you give

FY2021 · 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
FY2025
latest Form 990-PF
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 $182K a year · 20% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
990-PF Pt I · 5 filings
10 mo
of spending, in cash
Looks good: 10.3 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
$29K
0.3% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
990-PF Pt II
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.1M
Spent
$438K
Net assets
$8.3M
By yearFY2021–FY2025
Revenue
$1.1M
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$1.1M
FY2022$1.3M
FY2023$833K
FY2024$719K
FY2025$646K
Expenses
$438K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$438K
FY2022$1.2M
FY2023$104K
FY2024$1.4M
FY2025$636K
Net assets
$8.3M
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$8.3M
FY2022$6.5M
FY2023$7.5M
FY2024$7.2M
FY2025$7.8M

From the FY2021 Form 990 (year ending June 2021) · see the original

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You’re viewing the FY2021 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 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 73% · $320K Operating & administrative 27% · $118K

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

The filing lists no officers, directors or key staff.

See The Depot Foundation executive salaries →

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Programs and updates

A private foundation based in Duluth, 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 · 31 grants · $559K · 2024–2024
St Louis County - the DepotFY2024$149,000
Individual RecipientFY2024$83,346
St Louis County Historical SocietyFY2024$49,808
Zeitgeist Center for Arts and CommuFY2024$30,000
Lake Superior Railroad MuseumFY2024$29,480
Individual RecipientFY2024$25,377
Individual RecipientFY2024$24,510
The Old Hillside LLCFY2024$20,000
Lake Superior Railrod MuseumFY2024$19,874
Lake Arts ProjectFY2024$16,159
Individual RecipientFY2024$13,780
Individual RecipientFY2024$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 FY2021 990-PF, line by line.

1The main four
Money in
$1.1M
Gifts and grants$876K
Investment income$265K
Other income$200
Money out
$438K
Grants paid$320K
Running costs$118K
Owns and owes
$8.3M
net assets
Cash and savings$378K
Total assets$8.3M
Liabilities$29K
2In more detail
Revenue in detail
Gifts and grants$876K
Investment income$265K
Other income$200
Total revenue$1.1M
Assets in detailEnd of year
Cash and savings together$378K
Total assets$8.3M
Liabilities$29K
Net assets$8.3M
Operations
Fiscal year endsJune

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $646K$636K$10K$7.8M 990 PDF
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 Viewing $1.1M$438K$703K$8.3M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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