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Filing year 2024

FIRST MINNESOTA FOUNDATION INC

Milaca, Minnesota·EIN 41-6028525·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)

* Sector derived from filing type (Form 990-PF), not IRS-assigned

Total revenue
$31k
Total assets
$11k
Total expenses
$30k
Reported officers
3

Reported officers (all unpaid)

No paid executives reported in 2024. FIRST MINNESOTA FOUNDATION INC reported 3 unpaid officers and board members on its 990-PF.

Chairman
Director
Director

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$30k

Itemized grants

23

Median grant

$400

RecipientLocationPurposeAmount
MILACA FOOD PANTRYMILACA, MNFOOD$6k
TRINITY LUTHERAN CHURCHMILACA, MNGENERAL USE$400
SACRED HEART CATHOLICWAHKON, MNGENERAL USE$400
ST PAULS LUTHERAN CHURCMILACA, MNGENERAL USE$400
ESTES BROOK EVANGELICALFOLEY, MNGENERAL USE$400
FIRST BAPTIST CHRUCHMILACA, MNGENERAL USE$400
CHRISTIAN MISSIONARYMILACA, MNGENERAL USE$400
CHRISTIAN REFORMED CHURPEASE, MNGENERAL USE$400
ZION LUTHERAN CHURCHMILACA, MNGENERAL USE$400
WAHKON PRESBYTERIANWAHKON, MNGENERAL USE$400
MALMO FREE CHURCHISLE, MNGENERAL USE$400
OPSTEAD BAPTIST CHURCHISLE, MNGENERAL USE$400
TRINITY LUTHERAN CHURCHISLE, MNGENERAL USE$400
FAITH LUTHERAN CHURCHISLE, MNGENERAL USE$400
ISLE EVANGELICAL FREEISLE, MNGENERAL USE$400
FAITH CHRISTIAN SCHOOLFORESTON, MNGENERAL USE$400
COMMUNITY CHRISTIAN SCHPEASE, MNGENERAL USE$400
ST MARYS CHURCHMILACA, MNGENERAL USE$400
MILACA UNITED METHODISTMILACA, MNGENERAL USE$400
EVANGELICAL FREE CHURCHMILACA, MNGENERAL USE$400
ST LOUIS CATHOLIC CHURCFORESTON, MNGENERAL USE$400
LIGHTHOUSE FELLOWSHIPMILACA, MNGENERAL USE$400
EMANUEL LUTHERAN CHURCHBOCK, MNGENERAL USE$400
Financial trend

Revenue and expenses over time

FIRST MINNESOTA FOUNDATION INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$28k
$28k
2023
$31k
$30k
2024
Total revenue and total expenses from IRS Form 990 filings.

This is a private foundation. Peers are foundations of similar asset size (Under $1M), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in Minnesota

FIRST MINNESOTA FOUNDATION INC reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable philanthropy, voluntarism & grantmaking organization in Minnesota earns a median of $32,530.

25th percentile
$8k
Median
$32,530
75th percentile
$93k
90th percentile
$243k

These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 399 organizations across 399 filings (2021 – 2024).

See full Philanthropy, Voluntarism & Grantmaking pay data for Minnesota
FAQ

Common questions about FIRST MINNESOTA FOUNDATION INC

What are FIRST MINNESOTA FOUNDATION INC's revenue and expenses?

In 2024, FIRST MINNESOTA FOUNDATION INC reported $31k in total revenue and $30k in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size (Under $1M), because foundation pay scales with assets under management, not revenue.