Northland Foundation FY2022 filing

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The Northland Foundation invests in people and communities to support a thriving northeast minnesota. We serve seven counties and five tribal nations in northeast minnesota with grants, business loans, kids plus program, and special initiatives.

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
$741K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2022 · 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 $6.5M a year · 33% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$741K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
12 mo
of spending, in cash
Plus $92.3M in investments, Pt X · Ln 11–13
Looks good: 11.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $481K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$2.8M
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$27.9M
+0.7% vs prior year
Spent
$12.2M
To programs
88%
Net assets
$108.1M
By yearFY2021–FY2025
Revenue
$27.9M
FY2022▲ +0.7%
Tap a bar for its year
Revenue by fiscal year
FY2021$27.7M
FY2022$27.9M
FY2023$11.7M
FY2024$16.2M
FY2025$14.0M
Expenses
$12.2M
FY2022▼ -9%
Tap a bar for its year
Expenses by fiscal year
FY2021$13.4M
FY2022$12.2M
FY2023$11.2M
FY2024$17.0M
FY2025$11.4M
Net assets
$108.1M
FY2022▼ -4%
Tap a bar for its year
Net assets by fiscal year
FY2021$112.4M
FY2022$108.1M
FY2023$110.2M
FY2024$113.5M
FY2025$121.0M

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 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 Aug 1986.

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

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $10.8M Management & general 10% · $1.2M Fundraising 2% · $207K

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; $741K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$183,839Pt VII · Sec A
Chief Financial Officer
$117,725Pt VII · Sec A
Chief Operating Officer
$116,984Pt VII · Sec A
Business Finance Director
$114,357Pt VII · Sec A
Former Officer - VP Termed 6/2021
$105,329Pt VII · Sec A
Director of Grantmaking
$102,763Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Anthony Sertich’s $215K as President is at the 40th 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
Anthony Sertich$214,991$202,151$186,958$183,839$180,634
Lynn Haglin———$105,329$165,416
Zane Bail$154,870$142,968$138,215$116,984—
Heather Brouse$135,321$126,190$122,565$117,725$115,567
Michelle Ufford$125,539————
Michael Colclough$125,278$117,194$112,541$114,357—
Vicki Hagberg$113,156$104,685———
Curt Walczak$112,113————

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.

See Northland Foundation executive salaries →

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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

Provides grants, business loans, and youth programs to support economic development and community thriving across seven counties and five Tribal nations in northeast Minnesota.

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Provided by the organization

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3 programs · $10.8M · in their own filed words · FY2021
01

The grant program provides financial and technical resources to tax-exempt nonprofits and public entities such as school districts within our 7-COUNTY region. Our priority areas are: 1) children, youth and families; 2) individual and community wellbeing; and 3) maada'ookiing, to support grassroots efforts to strengthen indigenous…

$8.6Mprogram expense
02

The business services program offers technical assistance and flexible financing to assist with business start-up and expansion within our 7-COUNTY region, in order to bolster the regional economy and promote job creation - critical components of thriving communities.

$1.3Mprogram expense
03

The kids plus program has been improving the well-being of children and youth since 1992. From birth to adulthood. Kids plus provides: 1) early childhood efforts encompassing early care and education, infant and early childhood mental health, and increased access to high-quality child care; 2) youth programs including leadership…

$923Kprogram 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 · FY2024
Total grants receivedfrom 5 funders$481K
See all 5 funders →
Grants paid · 1,151 grants · $39.5M · 2020–2024
Depot on Central LLCFY2024$750,000
Unitemized GrantFY2024$359,474
Northspan Group IncorporatedMN · FY2024$300,000
Ely HardwareFY2024$199,000
Unitemized GrantFY2024$135,000
Unitemized GrantFY2024$106,490
Roots and Wings Early Learning Center LLCFY2024$100,000
Boys Club of DuluthMN · FY2024$100,000
YWCA of DuluthMN · FY2024$85,000
Fond Du Lac Band of Lake Superior ChippewaFY2024$75,000
Smart NorthMN · FY2024$50,749
Rainy River RugratsFY2024$50,000
Tamarack Learning Center Child Care INCFY2024$50,000
Duluth Children's Museum INCMN · FY2024$50,000
Divine Konnections INCMN · FY2024$50,000
See all 1,151 grants →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$27.9M
Ln 12
Investment incomeLn 3$16.4M
Gifts and grantsLn 1h$10.5M
Fees for servicesLn 2g$973K
Money outPt IX
$12.2M
Ln 25
Programscol B$10.8M
Managementcol C$1.2M
Fundraisingcol D$207K
Owns and owesPt X
$108.1M
net assets · Ln 32
Cash and savingsLn 1–2$12.1M
Total assetsLn 16$110.9M
LiabilitiesLn 26$2.8M
PeoplePt VI, VII
19
listed · VII A
PaidVII A6
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$10.5M
Government grantsLn 1e$9.1M
Fees for servicesLn 2g$973K
Investment incomeLn 3$16.4M
Other incomeLn 4–11$1K
Gains on assetsLn 7$14.4M
Total revenueLn 12$27.9M
Assets in detailPt X, end of year
SavingsLn 2$12.1M
Cash and savings togetherLn 1–2$12.1M
InvestmentsLn 11–13$92.3M
Land, buildings, equipmentLn 10c$127K
Total assetsLn 16$110.9M
LiabilitiesLn 26$2.8M
Net assetsLn 32$108.1M
OperationsPt I, VI
EmployeesI 522
VolunteersI 6459
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 FY22End FY22
Cash and savingsLn 1–2$14.1M$12.1M
InvestmentsLn 11–13$100.2M$92.3M
Land, buildings, equipmentLn 10c$77K$127K
Total assetsLn 16$122.1M$110.9M
LiabilitiesLn 26$9.7M$2.8M
Net assetsLn 32$112.4M$108.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$4.7M$4.7M
Grants to domestic individualsLn 2$3.1M$3.1M
Pay of current officers, directors and key staffLn 5$365K$234K$88K$44K
Other salaries and wagesLn 7$1.3M$1.2M$21K$91K
Pension plan contributionsLn 8$59K$49K$6K$4K
Other employee benefitsLn 9$289K$263K$12K$14K
Payroll taxesLn 10$117K$99K$8K$9K
Legal feesLn 11b$25K$25K$127
Accounting feesLn 11c$65K$21K$44K
Professional fundraising feesLn 11e$28K$28K
Investment management feesLn 11f$719K$719K
Other fees for servicesLn 11g$874K$868K$5K$289
Advertising and promotionLn 12$54K$29K$19K$6K
Office expensesLn 13$59K$41K$17K$822
Information technologyLn 14$121K$16K$101K$3K
OccupancyLn 16$108K$108K
TravelLn 17$42K$24K$14K$4K
Conferences, conventions and meetingsLn 19$59K$53K$5K$1K
InterestLn 20$62K$48K$15K
Depreciation, depletion and amortizationLn 22$32K$14K$17K$2K
InsuranceLn 23$28K$28K
Other expenses (24a–d)Ln 24$44K$40K$4K
Total functional expensesLn 25$12.2M$10.8M$1.2M$207K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $14.0M$11.4M$2.6M$121.0M 990 PDF
FY2024 $16.2M$17.0M−$761K$113.5M 990 PDF
FY2023 $11.7M$11.2M$438K$110.2M 990 PDF
FY2022 Viewing $27.9M$12.2M$15.7M$108.1M 990 PDF
FY2021 $27.7M$13.4M$14.3M$112.4M 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 J · Pay O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $27,913,272 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $9,879,602$10,490,340
I-9 Program service revenuePrior year $1,233,695$973,295
I-10 Investment incomePrior year $16,597,020$16,448,361
I-11 Other revenuePrior year $1,690$1,276
I-12 Total revenuePrior year $27,712,007$27,913,272
I-13 Grants and similar amounts paidPrior year $9,326,555$7,793,400
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,236,592$2,110,922
I-16a Professional fundraising feesPrior year $28,000$28,000
I-17 Other expensesPrior year $1,832,718$2,292,703
I-18 Total expensesPrior year $13,423,865$12,225,025
I-19 Revenue less expensesPrior year $14,288,142$15,688,247
Part VI · Governance 12 of 12 board members independent, no flags
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
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 $27,913,272 across 8 lines filed
VIII-1e Government grants$9,146,048
VIII-1f All other contributions, gifts and grants$1,344,292
VIII-1h Total contributions, gifts and grants$10,490,340
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $973,295$973,295
VIII-3 Investment incomeExcluded from tax $2,090,802$2,090,802
VIII-7 Net gain or loss on sales of assetsExcluded from tax $14,357,559$14,357,559
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $1,276$1,276
VIII-12 Total revenueRelated to mission $973,295 · Unrelated business $0 · Excluded from tax $16,449,637$27,913,272
Part IX · Statement of functional expenses $12,225,025 across 22 lines filed
IX-1 Grants to domestic organizationsPrograms $4,682,877$4,682,877
IX-2 Grants to domestic individualsPrograms $3,110,523$3,110,523
IX-5 Pay of current officers, directors and key staffPrograms $233,943 · Management $87,831 · Fundraising $43,508$365,282
IX-7 Other salaries and wagesPrograms $1,168,327 · Management $21,415 · Fundraising $91,309$1,281,051
IX-8 Pension plan contributionsPrograms $49,303 · Management $5,945 · Fundraising $3,626$58,874
IX-9 Other employee benefitsPrograms $262,668 · Management $11,896 · Fundraising $14,252$288,816
IX-10 Payroll taxesPrograms $99,494 · Management $8,232 · Fundraising $9,173$116,899
IX-11b Legal feesPrograms $25,087 · Management $127$25,214
IX-11c Accounting feesPrograms $21,263 · Management $43,915$65,178
IX-11e Professional fundraising feesFundraising $28,000$28,000
IX-11f Investment management feesManagement $719,239$719,239
IX-11g Other fees for servicesPrograms $867,888 · Management $5,492 · Fundraising $289$873,669
IX-12 Advertising and promotionPrograms $28,896 · Management $19,221 · Fundraising $6,076$54,193
IX-13 Office expensesPrograms $40,745 · Management $17,152 · Fundraising $822$58,719
IX-14 Information technologyPrograms $16,390 · Management $101,400 · Fundraising $2,821$120,611
IX-16 OccupancyManagement $107,976$107,976
IX-17 TravelPrograms $24,402 · Management $14,313 · Fundraising $3,517$42,232
IX-19 Conferences, conventions and meetingsPrograms $52,988 · Management $4,517 · Fundraising $1,482$58,987
IX-20 InterestPrograms $47,616 · Management $14,662$62,278
IX-22 Depreciation, depletion and amortizationPrograms $13,906 · Management $16,685 · Fundraising $1,666$32,257
IX-23 InsuranceManagement $28,067$28,067
IX-24 Other expenses (24a–d)Programs $40,192 · Management $3,891$44,083
IX-25 Total functional expensesPrograms $10,786,508 · Management $1,231,976 · Fundraising $206,541$12,225,025
Part X · Balance sheet $110,895,270 assets, 15 lines filed
Asset lines not itemized here account for $5,024,470; see the IRS return.
X-2 Savings and temporary cash investmentsStart of year $14,099,660$12,093,817
X-3 Pledges and grants receivableStart of year $1,573,892$1,290,210
X-4 Accounts receivableStart of year $26,313$19,561
X-9 Prepaid expenses and deferred chargesStart of year $28,972$29,988
X-10c Land, buildings and equipment, netStart of year $76,514$126,776
X-11 Publicly traded securitiesStart of year $100,240,634$92,310,448
X-16 Total assetsStart of year $122,061,030$110,895,270
X-17 Accounts payable and accrued expensesStart of year $1,762,599$1,167,021
X-18 Grants payableStart of year $1,317,217$827,300
X-19 Deferred revenueStart of year $623,053$835,620
X-26 Total liabilitiesStart of year $9,702,869$2,829,941
X-27 Net assets without donor restrictionsStart of year $111,253,194$106,718,596
X-28 Net assets with donor restrictionsStart of year $1,104,967$1,346,733
X-32 Total net assets or fund balancesStart of year $112,358,161$108,065,329
X-33 Total liabilities and net assetsStart of year $122,061,030$110,895,270
Part XI · Reconciliation of net assets $108,065,329 net assets at year end
XI-1 Total revenue$27,913,272
XI-2 Total expenses$12,225,025
XI-3 Revenue less expenses$15,688,247
XI-4 Net assets at start of year$112,358,161
XI-5 Net unrealized gains (losses) on investments−$19,979,711
XI-6 Donated services and use of facilities−$1,368
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$108,065,329

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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