Plus Foundation EIN 41-1903374 Form 990 (PDF) Claim this org

Plus Foundation FY2021 filing

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Funds scholarships, promotes women's leadership, and supports diversity and other charitable causes. For fiscal year 2021 it reported $432K in revenue, $222K in expenses, and $1.4M in net assets.Pt I

Founded
1998
Type
Supporting organization · Education
Location
Minneapolis, MN
Website
www.plusfoundation.org
Filings
6 on file (2020–2021)
Revenue
$432KFY2021
Expenses
$222K
Net assets
$1.4M
People
15
Filings
6
Updates
0
More identity details & actions ⌄
EIN  41-1903374 Supporting organization Minneapolis, MN Founded 1998
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Funds scholarships, promotes women's leadership, and supports diversity and other charitable causes.
Leadership
Dan Auslander · President
Money in and out
$432K revenue, $222K expenses
Bottom line
+49% net inflow
Money in and out · FY2021
Total revenue
$432K
Pt VIII · Ln 12
Total expenses
$222K
Pt IX · Ln 25
Net assets
$1.4M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $210K
Where spending went · Part IX cols B–D
Program services $0.88 Management & general $0.10 Fundraising $0.02
Net inflow
+49%
revenue over expenses, this year
Pass-through gifts
47%
of revenue from contributions
Program spending
88%
of expenses reach stated programs

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$432K
FY2021▲ +61%
Expenses
$222K
FY2021▼ -46%
Total assets
$1.5M
FY2021▼ -2%
Total liabilities
$70K
FY2021▼ -60%
Total revenue
$432K
Pt VIII · Ln 12
Total expenses
$222K
Pt IX · Ln 25
Net assets
$1.4M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$210K
Total assetsPt X · Ln 16$1.5M
Program-expense ratioPt IX · col B88%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 413

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPlus Foundation
EINHdr · item D41-1903374
Principal addressHdr · item CMinneapolis, MN
WebsiteHdr · item Jwww.plusfoundation.org
Year of formationHdr · item L1998
State of legal domicileHdr · item MMN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B05)
Ruling yearIRS BMFDec 2023

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a13
Independent voting membersPt VI · Ln 1b13
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary / Treasurer
$0Pt VII · Sec A
Immediate Past President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $196K of program spending, described in the organization's own filed words · FY2021.
01

Chapter Ally Grants

Five plus chapters were awarded $5,000 ally grants to support local charities that address the needs of those who face obstacles to securing a job or advancing in their CAREER.CONFERENCE cause: attitudes and attire, a dallas non-profit that provides education, support, and professional clothing for women seeking employment was awarded…

$196Kprogram expense

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Statement of Revenue

Part VIII
Investment income$217K · 50%
Contributions & grants$204K · 47%
Other revenue$12K · 3%
Investment income50%$217K
Contributions & grants47%$204K
Other revenue3%$12K
— government grantsLn 1e$22K
Total revenueLn 12$432K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.88 Management & general $0.10 Fundraising $0.02
Program services88%$196K
Management & general10%$22K
Fundraising2%$5K
Total functional expensesLn 25$222K

Balance Sheet

Part X · end of year
CashLn 1$141K
Total assetsLn 16$1.5M
Total liabilitiesLn 26$70K
Total net assetsLn 32$1.4M
Months of cash on handcomputed7.6

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.4M · Operating expenses/yr $222K
75.7 months
Where the money goes
Program services
Program services $196K · Total expenses $222K
88%
Management & General
Management & general $22K · Total expenses $222K
10%
Fundraising
Fundraising $5K · Total expenses $222K
2%
Cost to raise $1
Fundraising expense (2-yr avg) $13K · Solicited contributions (2-yr avg) $244K
$0.05 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $204K · Total revenue $432K
47%
Government reliance
Government grants $22K · Total revenue $432K
5%
Earned-income share
Program service revenue $0 · Total revenue $432K
0%
Investment reliance
Investment income $217K · Total revenue $432K
+50%
Program self-sufficiency
Program service revenue $0 · Total expenses $222K
0%
Growth & trend
Revenue growth (YoY)
This year $432K · Prior year $269K
+61%
Net-asset trend (YoY)
End of year $1.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $432K · Expenses $222K
+49%
Liabilities-to-Assets
Total liabilities — · Total assets $1.5M
Net-asset ratio
Net assets $1.4M · Total assets $1.5M
95%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.3M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.5M
87%
People & payroll
Highest Reported Total Compensation
Individual Dan Auslander · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $222K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $222K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 88%
Overhead ratio 10%
Fundraising cost ratio 2%
Revenue growth 61%
Investment management fee ratio 0.7%

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.

Grants

Schedule I · received and paid
Grants received · FY2022
Total grants receivedfrom 1 funder$10K
Grants paid · 15 grants · $473K · 2020–2025
Women EmployedIL · FY2024$29,552
Be a Shero FoundationNV · FY2023$32,850
Unitemized GrantFY2023$5,000
Zero8hundred INCCA · FY2022$67,900
Unitemized GrantFY2022$10,000
Attitudes & AttireTX · FY2021$58,256
Unitemized GrantFY2021$7,622
Hire Heroes USA INCGA · FY2020$62,575
Unitemized GrantFY2020$36,000
Unitemized GrantFY2020$36,000
Iicf Covid-19 Children's Relief FundCA · FY2020$27,600
Unitemized GrantFY2020$6,951

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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
FY2025 (Latest)$338K revenue · ⤓ 990 PDF
FY2024$373K revenue · ⤓ 990 PDF
FY2023$345K revenue · ⤓ 990 PDF
FY2022$262K revenue · ⤓ 990 PDF
FY2021$432K revenue · viewing · ⤓ 990 PDF
FY2020$269K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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