George a Macpherson Fund EIN 41-6010888 Form 990 (PDF) Claim this org

George a Macpherson Fund FY2022 filing

Not yet claimed Claim this org →

Funds historical societies, colleges, and charities chosen by appointed trustees. For fiscal year 2022 it reported $88K in revenue, $122K in expenses, and $1.4M in net assets.Pt I

Founded
1956
Type
Public foundation / grantmaker · Foundations & Grantmakers
Location
Eagan, MN
Filings
6 on file (2020–2022)
Revenue
$88KFY2022
Expenses
$122K
Net assets
$1.4M
People
4
Filings
6
Updates
0
More identity details & actions ⌄
EIN  41-6010888 Public foundation / grantmaker Eagan, MN Founded 1956
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →
Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until George a Macpherson Fund claims this page.

Know this organization? Claim it to add your story

Size
<$100K
What they do
Funds historical societies, colleges, and charities chosen by appointed trustees.
Leadership
US Bank NA · Trustee · $27K
Money in and out
$88K revenue, $122K expenses
Bottom line
76% program efficiency
Grants paid & assets · FY2022
Total revenue
$88K
Pt VIII · Ln 12
Total expenses
$122K
Pt IX · Ln 25
Net assets
$1.4M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$34K
Where spending went · Part IX cols B–D
Program services $0.76 Management & general $0.24
Program efficiency
76%
of spending reaches programs
Operating runway
141.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
-39%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$88K
FY2022▼ -40%
Expenses
$122K
FY2022▼ -4%
Total assets
$1.4M
FY2022▼ -2%
Total liabilities
$0
FY2022
Total revenue
$88K
Pt VIII · Ln 12
Total expenses
$122K
Pt IX · Ln 25
Net assets
$1.4M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$34K
Total assetsPt X · Ln 16$1.4M
Program-expense ratioPt IX · col B76%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 43

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CGeorge a Macpherson Fund
EINHdr · item D41-6010888
Principal addressHdr · item CEagan, MN
WebsiteHdr · item Jnone reported
Year of formationHdr · item L1956
State of legal domicileHdr · item MMN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T70Z)
Ruling yearIRS BMFDec 1958

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
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
Trustee
$26,924Pt 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 129 <$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 →

Are you one of these people? Claim this org to confirm your role

Mission & Programs · Part III

Where the work happens

3 program services account for $92K of program spending, described in the organization's own filed words · FY2022.
01

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

$31Kprogram expense
02

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

$31Kprogram expense
03

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

$31Kprogram expense

Run this program? Claim this org to tell your story

Statement of Revenue

Part VIII
Investment income100%$88K
Total revenueLn 12$88K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.76 Management & general $0.24
Program services76%$92K
Management & general24%$29K
Total functional expensesLn 25$122K

Balance Sheet

Part X · end of year
CashLn 1$28K
Total assetsLn 16$1.4M
Total liabilitiesLn 26$0
Total net assetsLn 32$1.4M
Months of cash on handcomputed2.8

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.4M · Operating expenses/yr $122K
141.7 months
Where the money goes
Program services
Program services $92K · Total expenses $122K
76%
Management & General
Management & general $29K · Total expenses $122K
24%
Fundraising
Fundraising $0 · Total expenses $122K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $88K
0%
Government reliance
Government grants — · Total revenue $88K
Earned-income share
Program service revenue $0 · Total revenue $88K
0%
Investment reliance
Investment income $88K · Total revenue $88K
+100%
Program self-sufficiency
Program service revenue $0 · Total expenses $122K
0%
Growth & trend
Revenue growth (YoY)
This year $88K · Prior year $147K
-40%
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 $88K · Expenses $122K
-39%
Liabilities-to-Assets
Total liabilities — · Total assets $1.4M
Net-asset ratio
Net assets $1.4M · Total assets $1.4M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.4M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.4M
98%
People & payroll
Highest Reported Total Compensation
Individual US Bank NA · Reported title TRUSTEE · Highest reported compensation $27K · Total expenses $122K
22%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $27K · Total expenses $122K
22%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 76%
Overhead ratio 24%
Revenue growth -40%
Legal fee ratio 0.5%
Accounting fee ratio 0.6%

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 · 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

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

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)$98K revenue · ⤓ 990 PDF
FY2024$78K revenue · ⤓ 990 PDF
FY2023$33K revenue · ⤓ 990 PDF
FY2022$88K revenue · viewing · ⤓ 990 PDF
FY2021$147K revenue · ⤓ 990 PDF
FY2020$45K revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.