George a Macpherson Fund FY2023 filing

Tax-deductible

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

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.
77¢ of each $1 spent went to programs.
$25K 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

FY2023 · 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
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$25K
to officers and key staff · 21% of spending
Worth a look: pay to officers and key staff is 21% of spending; over 20%.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 4.1 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
$33K
-62% vs prior year
Spent
$119K
To programs
77%
Net assets
$1.3M
By yearFY2020–FY2025
Revenue
$33K
FY2023▼ -62%
Revenue by fiscal year
FY2020$45K
FY2021$147K
FY2022$88K
FY2023$33K
FY2024$78K
FY2025$98K
Expenses
$119K
FY2023▼ -2%
Expenses by fiscal year
FY2020$117K
FY2021$127K
FY2022$122K
FY2023$119K
FY2024$121K
FY2025$119K
Net assets
$1.3M
FY2023▼ -6%
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 FY2023 Form 990 · see the original

You’re viewing the FY2023 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

77 cents of each dollar spent went to programs.

Program services 77% · $91K Management & general 23% · $28K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

4 people listed on the 990; $25K paid to officers and key staff.

Part VII, Section A · reportable compensation
Trustee
$24,749Pt 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 →

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

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

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

Know this organization? Claim it to add your story

3 program services account for $91K of program spending, described in the organization's own filed words · FY2023.
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

Run this program? Claim this org to tell your story

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 FY2023 990, line by line.

1The main four
Money inPt VIII
$33K
Ln 12
Investment incomeLn 3$33K
Other incomeLn 4–11$27
Money outPt IX
$119K
Ln 25
Programscol B$91K
Managementcol C$28K
Owns and owesPt X
$1.3M
net assets · Ln 32
Cash and savingsLn 1–2$41K
Total assetsLn 16$1.3M
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$33K
Other incomeLn 4–11$27
Gains on assetsLn 7−$8K
Total revenueLn 12$33K
Assets in detailPt X, end of year
SavingsLn 2$41K
Cash and savings togetherLn 1–2$41K
InvestmentsLn 11–13$1.3M
Other assetsLn 15$621
Total assetsLn 16$1.3M
LiabilitiesLn 26$0
Net assetsLn 32$1.3M
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 FY23End FY23
Cash and savingsLn 1–2$28K$41K
InvestmentsLn 11–13$1.4M$1.3M
Total assetsLn 16$1.4M$1.3M
LiabilitiesLn 26$0$0
Net assetsLn 32$1.4M$1.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$91K$91K
Pay of current officers, directors and key staffLn 5$25K$25K
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$750$750
Other fees for servicesLn 11g$0$0$0
Other expenses (24a–d)Ln 24$1K$25$1K
Total functional expensesLn 25$119K$91K$28K$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 Viewing $33K$119K−$86K$1.3M 990 PDF
FY2022 $88K$122K−$34K$1.4M 990 PDF
FY2021 $147K$127K$20K$1.5M 990 PDF
FY2020 $45K$117K−$72K$1.4M 990 PDF

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

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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $33,388 across 3 lines filed
Lines not itemized here account for $27 of total revenue; see the IRS return.
VIII-3 Investment incomeExcluded from tax $41,342$41,342
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$7,981−$7,981
VIII-12 Total revenueExcluded from tax $33,388$33,388
Part IX · Statement of functional expenses $119,112 across 6 lines filed
IX-1 Grants to domestic organizationsPrograms $91,223$91,223
IX-5 Pay of current officers, directors and key staffManagement $24,749$24,749
IX-11b Legal feesManagement $1,213$1,213
IX-11c Accounting feesManagement $750$750
IX-11g Other fees for servicesPrograms $0 · Management $0$0
IX-24 Other expenses (24a–d)Programs $25 · Management $1,152$1,177
IX-25 Total functional expensesPrograms $91,248 · Management $27,864 · Fundraising $0$119,112
Part X · Balance sheet $1,349,914 assets, 7 lines filed
X-2 Savings and temporary cash investmentsStart of year $28,221$41,060
X-11 Publicly traded securitiesStart of year $1,408,111$1,308,233
X-15 Other assetsStart of year $519$621
X-16 Total assetsStart of year $1,437,010$1,349,914
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $1,437,010$1,349,914
X-33 Total liabilities and net assetsStart of year $1,437,010$1,349,914
Part XI · Reconciliation of net assets $1,349,914 net assets at year end
XI-1 Total revenue$33,388
XI-2 Total expenses$119,112
XI-3 Revenue less expenses−$85,724
XI-4 Net assets at start of year$1,437,010
XI-9 Other changes in net assets−$1,372
XI-10 Net assets at end of year$1,349,914

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

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

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

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 pay comparisons above.