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Filing year 2024

Gold Bay Foundation

Minneapolis, Minnesota·EIN 47-4002921·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)
Total revenue
$2.5M
Total assets
$32.3M
Total expenses
$2.9M
Reported officers
2

Reported officers (all unpaid)

No paid executives reported in 2024. Gold Bay Foundation reported 2 unpaid officers and board members on its 990-PF.

Pres/dir
Treas/sec/dir

Grants paid

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

Total granted

$2.5M

Itemized grants

11

Median grant

$10k

RecipientLocationPurposeAmount
Schwab CharitableOrlando, FLGeneral Operating Support$2.4M
Minnesota Orchestral AssociationMinneapolis, MNPartner with A Section$100k
Minnesota Orchestral AssociationMinneapolis, MNFund the Music$25k
Minnesota Orchestral AssociationMinneapolis, MN2024 Symphony Ball$10k
Temple of IsraelMinneapolis, MNVoices 2024$10k
Scandia Heritage AllianceScandia, MNSupport for the Water Tower Barn$10k
Wild Rivers Conservancy of the St CroixSt Croix Falls, WIGeneral Operating Support$10k
Friends of Hennepin County LibraryMinneapolis, MNGeneral Operating Support$5k
University of Minnesota FoundationMinneapolis, MNSolar Vehicle Project$3k
Friends of St Paul Public LibrarySaint Paul, MNGeneral Operating Support$3k
Advocates for Human RightsMinneapolis, MNGeneral Operating Support$1k
Compare this foundation's grantees
Financial trend

Revenue and expenses over time

Gold Bay Foundation reported revenue and expenses across 2 filing years.

RevenueExpenses
$802k
$1.3M
2023
$2.5M
$2.9M
2024
Total revenue and total expenses from IRS Form 990 filings.

This is a private foundation. Peers are foundations of similar asset size ($25M - $50M), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in Minnesota

Gold Bay Foundation 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 Gold Bay Foundation

What are Gold Bay Foundation's revenue and expenses?

In 2024, Gold Bay Foundation reported $2.5M in total revenue and $2.9M in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($25M - $50M), because foundation pay scales with assets under management, not revenue.