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Minneapolis Rotary Foundation

Tax-deductible

Minneapolis, MN501(c)(3)Since 1979Community DevelopmentEIN 41-6048419Revenue $140K in FY2025

On file with the IRSmplsrotary.com80 S 8th St Ste 900, 55402-8773 · Minneapolis, MNTax-exempt since Sep 1979Publicly supported charity — 170(b)(1)(A)(vi)

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The Minneapolis Rotary Foundation (the Foundation) represents the members of the Rotary club of Minneapolis in their support of international and local community service projects.

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
Run by 15 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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 $49K a year · 33% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Looks good: 3.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $20K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$37K
0.9% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$140K
+6% vs prior year
Spent
$238K
To programs
84%
Net assets
$4.2M
By yearFY2020–FY2025
Revenue
$140K
FY2025▲ +6%
Tap a bar for its year
Revenue by fiscal year
FY2020$173K
FY2021$140K
FY2022$185K
FY2023$131K
FY2024$132K
FY2025$140K
Expenses
$238K
FY2025▲ +18%
Tap a bar for its year
Expenses by fiscal year
FY2020$157K
FY2021$162K
FY2022$235K
FY2023$203K
FY2024$202K
FY2025$238K
Net assets
$4.2M
FY2025▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.3M
FY2021$4.2M
FY2022$3.4M
FY2023$3.7M
FY2024$4.0M
FY2025$4.2M

From the FY2025 Form 990 (year ending June 2025) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1979.

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

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $199K Management & general 15% · $36K Fundraising 1% · $2K

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

13 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
Lynn Swon
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Todd Krough
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Minneapolis Rotary Foundation 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

Supports international and local community projects through Rotary Club members.

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Provided by the organization

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3 programs · $193K · in their own filed words · FY2024
01

Local Community Service

Make grants and leverage matching grants for projects in the minneapolis area, especially in the area of youth development.

$111Kprogram expense
02

World Community Service

Make grants and leverage matching grants for project throughout the world which promote peace, fight disease, provide clean water and sanitation, save mothers and children, support education and grow local economies.

$52Kprogram expense
03

Scholarship

Award scholarships to minneapolis high school graduates seeking college degrees who demonstrate the ideals of rotary.

$30Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
American Gift FundFY2024$10K
Rotary International District 5950 INCFY2024$10K
Total grants receivedfrom 2 funders$20K
Grants paid · 18 grants · $469K · 2019–2024
Unitemized GrantFY2024$30,000
Young Mens Christian Association of the NorthMN · FY2023$35,806
Unitemized GrantFY2023$30,838
Way to GrowMN · FY2023$25,000
Young Mens Christian Association of the NorthMN · FY2022$56,980
Unitemized GrantFY2022$27,375
East Side Neighborhood Services INCMN · FY2022$25,000
East Side Neighborhood Services INCMN · FY2021$50,000
Young Mens Christian Association of the NorthMN · FY2021$47,170
Unitemized GrantFY2021$26,492
Unitemized GrantFY2020$29,050
Minneapolis University Rotary Service FoundationMN · FY2020$5,000
YMCA - Y'StartFY2019$26,400
Unitemized GrantFY2019$25,475
The Lindquist and Vennum Winter Closet FoundationMN · FY2019$10,000
The Family PartnershipMN · FY2019$8,103
The Dictionary ProjectFL · FY2019$5,137
Minneapolis University Rotary Service FoundationMN · FY2019$5,000

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$140K
Ln 12
Investment incomeLn 3$106K
Gifts and grantsLn 1h$34K
Money outPt IX
$238K
Ln 25
Programscol B$199K
Managementcol C$36K
Fundraisingcol D$2K
Owns and owesPt X
$4.2M
net assets · Ln 32
Cash and savingsLn 1–2$59K
Total assetsLn 16$4.2M
LiabilitiesLn 26$37K
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$34K
Investment incomeLn 3$106K
Total revenueLn 12$140K
Assets in detailPt X, end of year
CashLn 1$59K
Cash and savings togetherLn 1–2$59K
InvestmentsLn 11–13$4.1M
Total assetsLn 16$4.2M
LiabilitiesLn 26$37K
Net assetsLn 32$4.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 615
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$91K$59K
InvestmentsLn 11–13$3.9M$4.1M
Total assetsLn 16$4.0M$4.2M
LiabilitiesLn 26$9K$37K
Net assetsLn 32$4.0M$4.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$165K$165K
Grants to domestic individualsLn 2$30K$30K
Management feesLn 11a$7K$3K$2K$1K
Accounting feesLn 11c$1K$1K
Investment management feesLn 11f$29K$29K
Office expensesLn 13$1K$658$512$292
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$1K$604$470$268
Total functional expensesLn 25$238K$199K$36K$2K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $140K$238K−$98K$4.2M 990 PDF
FY2024 $132K$202K−$69K$4.0M 990 PDF
FY2023 $131K$203K−$72K$3.7M 990 PDF
FY2022 $185K$235K−$50K$3.4M 990 PDF
FY2021 $140K$162K−$22K$4.2M 990 PDF
FY2020 $173K$157K$16K$3.3M 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 FY2025 990 (6 parts)
Part I · Summary $139,528 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $33,921$33,898
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $98,303$105,630
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $132,224$139,528
I-13 Grants and similar amounts paidPrior year $167,632$195,066
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $33,987$42,529
I-18 Total expensesPrior year $201,619$237,595
I-19 Revenue less expensesPrior year −$69,395−$98,067
Part VI · Governance 15 of 15 board members independent, 3 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $139,528 across 4 lines filed
VIII-1f All other contributions, gifts and grants$33,898
VIII-1h Total contributions, gifts and grants$33,898
VIII-3 Investment incomeExcluded from tax $105,630$105,630
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $105,630$139,528
Part IX · Statement of functional expenses $237,595 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $165,066$165,066
IX-2 Grants to domestic individualsPrograms $30,000$30,000
IX-11a Management feesPrograms $3,105 · Management $2,415 · Fundraising $1,380$6,900
IX-11c Accounting feesManagement $1,200$1,200
IX-11f Investment management feesManagement $29,080$29,080
IX-13 Office expensesPrograms $658 · Management $512 · Fundraising $292$1,462
IX-23 InsuranceManagement $2,545$2,545
IX-24 Other expenses (24a–d)Programs $604 · Management $470 · Fundraising $268$1,342
IX-25 Total functional expensesPrograms $199,433 · Management $36,222 · Fundraising $1,940$237,595
Part X · Balance sheet $4,210,787 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $90,819$59,047
X-4 Accounts receivableStart of year $2,900$400
X-9 Prepaid expenses and deferred charges$5,091
X-11 Publicly traded securitiesStart of year $3,877,679$4,146,249
X-16 Total assetsStart of year $3,971,398$4,210,787
X-17 Accounts payable and accrued expensesStart of year $9,100$37,166
X-26 Total liabilitiesStart of year $9,100$37,166
X-27 Net assets without donor restrictionsStart of year $172,997$126,706
X-28 Net assets with donor restrictionsStart of year $3,789,301$4,046,915
X-32 Total net assets or fund balancesStart of year $3,962,298$4,173,621
X-33 Total liabilities and net assetsStart of year $3,971,398$4,210,787
Part XI · Reconciliation of net assets $4,173,621 net assets at year end
XI-1 Total revenue$139,528
XI-2 Total expenses$237,595
XI-3 Revenue less expenses−$98,067
XI-4 Net assets at start of year$3,962,298
XI-5 Net unrealized gains (losses) on investments$309,391
XI-8 Prior period adjustments−$1
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,173,621

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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