Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1926.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
93 cents of each dollar spent went to programs.
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
44 people listed on the 990; $2.2M paid to officers and key staff.
Rt Rybak’s $421K as President & CEO is at the 38th percentile of top reported officer pay among 129 $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
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Rt Rybak | $420,545 | $419,207 | $405,419 | $408,757 | $380,646 | $360,209 |
| Jo-Anne Stately | $288,507 | $191,696 | $153,252 | — | — | — |
| Jean Adams | — | — | $186,437 | $286,254 | $269,441 | $256,222 |
| Christopher Beach | $279,705 | $272,576 | $261,802 | $251,542 | $249,124 | — |
| Chanda Baker | — | — | $272,602 | $257,053 | $259,015 | — |
| Chanda Smith Baker | — | $166,147 | — | — | — | $224,767 |
| Greg Wenz | $223,270 | $220,988 | $211,920 | $187,283 | $174,825 | $162,507 |
| William Sternberg | $207,677 | $203,779 | $195,096 | $186,172 | $183,377 | $194,027 |
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.
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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
Partners with donors and nonprofits to invest charitable funds, facilitate grantmaking, and drive advocacy addressing civic, social, and economic needs in the community.
Questions for The Minneapolis Foundation
Your first name shows with your question. The Minneapolis Foundation answers here, for everyone.
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The minneapolis foundation is one of the oldest and largest community foundations in the nation. Established in 1915, the foundation cultivates generosity by taking action on the greatest civic, social, and economic needs partnering with nonprofits, facilitating grantmaking, driving research and advocacy, and providing services to donors…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $45.8M | $55.0M |
| InvestmentsLn 11–13 | $1.03B | $1.06B |
| Land, buildings, equipmentLn 10c | $1.1M | $834K |
| Total assetsLn 16 | $1.13B | $1.19B |
| LiabilitiesLn 26 | $68.9M | $80.4M |
| Net assetsLn 32 | $1.07B | $1.11B |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $123.6M | $123.6M | ||
| Grants to domestic individualsLn 2 | $5.1M | $5.1M | ||
| Grants and assistance to foreign recipientsLn 3 | $239K | $239K | ||
| Pay of current officers, directors and key staffLn 5 | $1.4M | $733K | $331K | $362K |
| Other salaries and wagesLn 7 | $7.0M | $3.6M | $1.6M | $1.8M |
| Pension plan contributionsLn 8 | $493K | $213K | $169K | $110K |
| Other employee benefitsLn 9 | $870K | $395K | $287K | $188K |
| Payroll taxesLn 10 | $602K | $288K | $183K | $131K |
| Legal feesLn 11b | $274K | $232K | $13K | $29K |
| Accounting feesLn 11c | $124K | $124K | ||
| Lobbying feesLn 11d | $250K | $216K | $17K | $17K |
| Investment management feesLn 11f | $3.0M | $3.0M | ||
| Other fees for servicesLn 11g | $4.7M | $4.4M | $110K | $148K |
| Advertising and promotionLn 12 | $586K | $381K | $34K | $171K |
| Office expensesLn 13 | $256K | $74K | $143K | $39K |
| Information technologyLn 14 | $681K | $303K | $217K | $162K |
| OccupancyLn 16 | $608K | $255K | $206K | $147K |
| TravelLn 17 | $102K | $80K | $10K | $11K |
| Conferences, conventions and meetingsLn 19 | $1.2M | $1.1M | $73K | $123K |
| Depreciation, depletion and amortizationLn 22 | $370K | $154K | $126K | $90K |
| InsuranceLn 23 | $177K | $177K | ||
| Other expenses (24a–d)Ln 24 | $710K | $347K | $244K | $120K |
| All other expensesLn 24e | $91K | $90K | $589 | $464 |
| Total functional expensesLn 25 | $152.4M | $141.8M | $7.0M | $3.6M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $193.0M | $152.4M | $40.5M | $1.1B | 990 PDF |
| FY2024 | $146.9M | $134.2M | $12.7M | $1.1B | 990 PDF |
| FY2023 | $115.3M | $122.5M | −$7.2M | $973.8M | 990 PDF |
| FY2022 | $204.4M | $122.0M | $82.4M | $1.1B | 990 PDF |
| FY2021 | $200.9M | $125.7M | $75.2M | $975.0M | 990 PDF |
| FY2020 | $141.5M | $106.1M | $35.4M | $717.2M | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $192,988,402 revenue, 12 lines filed
Part VI · Governance 31 of 32 board members independent, no flags
Part VIII · Statement of revenue $192,988,402 across 9 lines filed
Part IX · Statement of functional expenses $152,448,966 across 23 lines filed
Part X · Balance sheet $1,185,664,206 assets, 19 lines filed
Part XI · Reconciliation of net assets $1,105,308,485 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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