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Mainsl Foundation EIN 87-4173823

Mainsl Foundation

EIN  87-4173823 Private foundation / grantmaker Brooklyn Park, MN
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Size
$100K–1M
What they do
A private foundation based in Brooklyn Park, MN. It reported about $788K in revenue for 2024.
Leadership
Teresa Carol Williams · Director
Money in and out
$788K revenue, $506K expenses
Bottom line
—

A private foundation based in Brooklyn Park, MN. It reported about $788K in revenue for 2024. For fiscal year 2024 it reported $788K in revenue, $506K in expenses, and $1.7M in net assets.Pt I

Grants paid & assets · FY2024
Total revenue
$788K
Pt VIII · Ln 12
Total expenses
$506K
Pt IX · Ln 25
Net assets
$1.7M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $282K
Total assets
1.7M
deployed as grants and operations
Grants paid
499K
in FY2024
Grants made
51grants
total in period
Payout rate
29%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 51 grants · $499K · 2024–2024
MatterMN · FY2024$178,500
Diocese of Hwange Charity ProjectFY2024$25,406
The Arc MinnesotaFY2024$25,000
Mother Africa TrustFY2024$24,880
Sai International Children FoundationCA · FY2024$24,505
The Dwelling PlaceFY2024$15,000
KtisFY2024$15,000
Century College FoundationMN · FY2024$15,000
Global Leadership NetworkIL · FY2024$13,500
H2o for LifeMN · FY2024$12,500
Community Emergency Assistance ProgramsFY2024$12,500
North Hennepin Community College FoundationMN · FY2024$10,000
Metropolitan State University FoundationFY2024$10,000
Anoka Ramsey Community College FoundationMN · FY2024$10,000
The Nature ConservancyVA · FY2024$7,500
5 Star MediaFY2024$7,500
White Bear Lake Area SchoolsFY2024$5,000
Mn Teen Challenge INCFY2024$5,000
See all 51 grants →

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV21
Average grantPart XV$10K
Median grantPart XV$3K
Largest grantPart XV$178K
Top cause focusNTEEEducation (8%)

Summary of the Filing

Part I · fiscal year 2024 · Form 990-PF
Revenue
$788K
FY2024▲ +792%
Expenses
$506K
FY2024▲ +240%
Total assets
$1.7M
FY2024▲ +20%
Total liabilities
$0
FY2024
Total revenue
$788K
Pt VIII · Ln 12
Total expenses
$506K
Pt IX · Ln 25
Net assets
$1.7M
Pt X · Ln 32
Total assetsPt II$1.7M

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMainsl Foundation
EINHdr · item D87-4173823
Principal addressHdr · item CBrooklyn Park, MN
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MMN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T20)
Ruling yearIRS BMFJan 2023

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Mainsl Foundation executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants$777K · 99%
Other revenue$8K · 1%
Contributions & grants99%$777K
Other revenue1%$8K
Investment income$3K
Total revenueLn 12$788K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.99 Operating & administrative $0.01
Grants & contributions paid99%$499K
Operating & administrative1%$7K
Total functional expensesLn 25$506K

Balance Sheet

Part X · end of year
CashLn 1$1.7M
Total assetsLn 16$1.7M
Total liabilitiesLn 26$0
Total net assetsLn 32$1.7M
Months of cash on handcomputed40.8

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $1.7M
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $788K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $788K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $788K · Prior year $88K
+792%
Net-asset trend (YoY)
End of year $1.7M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $788K · Expenses $506K
+36%
Liabilities-to-Assets
Total liabilities — · Total assets $1.7M
—
Net-asset ratio
Net assets $1.7M · Total assets $1.7M
100%
People & payroll
Highest Reported Total Compensation
Individual Teresa Carol Williams · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $506K
0%
Personnel share
not reported
Peer comparison

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

MetricThis orgPeer medianPercentile
Revenue growth 792%——

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.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$788K revenue · viewing · ⤓ 990 PDF
FY2023$88K revenue · ⤓ 990 PDF
FY2022$504K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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