George a Macpherson Fund FY2021 filing

Tax-deductible

Saint Paul, MN501(c)(3)Since 1956Foundations & GrantmakersEIN 41-6010888

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To support the minnesota historical society, macalester college, saint john's university, and the charitable organizations selected by the individual trustees who are appointed by these supported organizations

501(c)(3) charity; gifts are tax-deductible.
71¢ of each $1 spent went to programs.
$32K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · 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
1 of 6
filings with a surplus
Average deficit $39K a year · 48% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
71%
of spending
Fine: 71% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$32K
to officers and key staff · 25% of spending
Worth a look: pay to officers and key staff is 25% of spending; over 20%.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 6.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 4 voting members
Looks good: 3 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$147K
+229% vs prior year
Spent
$127K
To programs
71%
Net assets
$1.5M
By yearFY2020–FY2025
Revenue
$147K
FY2021▲ +229%
Revenue by fiscal year
FY2020$45K
FY2021$147K
FY2022$88K
FY2023$33K
FY2024$78K
FY2025$98K
Expenses
$127K
FY2021▲ +9%
Expenses by fiscal year
FY2020$117K
FY2021$127K
FY2022$122K
FY2023$119K
FY2024$121K
FY2025$119K
Net assets
$1.5M
FY2021▲ +1%
Net assets by fiscal year
FY2020$1.4M
FY2021$1.5M
FY2022$1.4M
FY2023$1.3M
FY2024$1.3M
FY2025$1.3M

From the FY2021 Form 990 · see the original

Form 990 (PDF) Claim
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 Dec 1958.

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

Where the money goes

71 cents of each dollar spent went to programs.

Program services 71% · $90K Management & general 29% · $37K

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

4 people listed on the 990; $32K paid to officers and key staff.

Part VII, Section A · reportable compensation
Trustee
$31,528Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

US Bank NA’s $28K as Trustee is at the 77th percentile of top reported officer pay among 133 <$100K 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 · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
US Bank NA$28,355$27,449$24,749$26,924$31,528$28,107

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 George a Macpherson Fund 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 15aNo

Programs and updates

Funds historical societies, colleges, and charities chosen by appointed trustees.

Provided by the organization

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3 programs · $90K · in their own filed words · FY2021
01

The purpose of each grant made is to further the mission of minnesota historical society

$30Kprogram expense
02

The purpose of each grant made is to further the mission of saint john's university

$30Kprogram expense
03

The purpose of each grant made is to further the macalester college

$30Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 18 grants · $536K · 2020–2025
Order of St Benedict INCMN · FY2025$28,994
Minnesota Historical SocietyMN · FY2025$28,994
Macalester CollegeMN · FY2025$28,994
Order of St Benedict INCMN · FY2024$29,844
Minnesota Historical SocietyMN · FY2024$29,844
Macalester CollegeMN · FY2024$29,844
Order of St Benedict INCMN · FY2023$30,408
Minnesota Historical SocietyMN · FY2023$30,408
Macalester CollegeMN · FY2023$30,408
Order of St Benedict INCMN · FY2022$30,550
Minnesota Historical SocietyMN · FY2022$30,550
Macalester CollegeMN · FY2022$30,550
Order of St Benedict INCMN · FY2021$29,879
Minnesota Historical SocietyMN · FY2021$29,879
Macalester CollegeMN · FY2021$29,879
Order of St Benedict INCMN · FY2020$28,990
Minnesota Historical SocietyMN · FY2020$28,990
Macalester CollegeMN · FY2020$28,990

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$147K
Ln 12
Investment incomeLn 3$147K
Money outPt IX
$127K
Ln 25
Programscol B$90K
Managementcol C$37K
Owns and owesPt X
$1.5M
net assets · Ln 32
Cash and savingsLn 1–2$64K
Total assetsLn 16$1.5M
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$147K
Gains on assetsLn 7$111K
Total revenueLn 12$147K
Assets in detailPt X, end of year
CashLn 1$177
SavingsLn 2$64K
Cash and savings togetherLn 1–2$64K
InvestmentsLn 11–13$1.4M
Other assetsLn 15$423
Total assetsLn 16$1.5M
LiabilitiesLn 26$0
Net assetsLn 32$1.5M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$22K$64K
InvestmentsLn 11–13$1.4M$1.4M
Total assetsLn 16$1.4M$1.5M
LiabilitiesLn 26$0$0
Net assetsLn 32$1.4M$1.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$90K$90K
Pay of current officers, directors and key staffLn 5$32K$32K
Legal feesLn 11b$4K$4K
Accounting feesLn 11c$750$750
Other expenses (24a–d)Ln 24$772$772
Total functional expensesLn 25$127K$90K$37K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $98K$119K−$21K$1.3M 990 PDF
FY2024 $78K$121K−$43K$1.3M 990 PDF
FY2023 $33K$119K−$86K$1.3M 990 PDF
FY2022 $88K$122K−$34K$1.4M 990 PDF
FY2021 Viewing $147K$127K$20K$1.5M 990 PDF
FY2020 $45K$117K−$72K$1.4M 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
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $147,313 across 3 lines filed
VIII-3 Investment incomeExcluded from tax $36,339$36,339
VIII-7 Net gain or loss on sales of assetsExcluded from tax $110,974$110,974
VIII-12 Total revenueExcluded from tax $147,313$147,313
Part IX · Statement of functional expenses $127,022 across 5 lines filed
IX-1 Grants to domestic organizationsPrograms $89,638$89,638
IX-5 Pay of current officers, directors and key staffManagement $31,528$31,528
IX-11b Legal feesManagement $4,334$4,334
IX-11c Accounting feesManagement $750$750
IX-24 Other expenses (24a–d)Management $772$772
IX-25 Total functional expensesPrograms $89,638 · Management $37,384 · Fundraising $0$127,022
Part X · Balance sheet $1,470,513 assets, 8 lines filed
X-1 Cash, non-interest-bearing$177
X-2 Savings and temporary cash investmentsStart of year $21,746$63,567
X-11 Publicly traded securitiesStart of year $1,427,294$1,406,346
X-15 Other assetsStart of year $388$423
X-16 Total assetsStart of year $1,449,428$1,470,513
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $1,449,428$1,470,513
X-33 Total liabilities and net assetsStart of year $1,449,428$1,470,513
Part XI · Reconciliation of net assets $1,470,513 net assets at year end
XI-1 Total revenue$147,313
XI-2 Total expenses$127,022
XI-3 Revenue less expenses$20,291
XI-4 Net assets at start of year$1,449,428
XI-9 Other changes in net assets$794
XI-10 Net assets at end of year$1,470,513

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

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