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Filing year 2023

Groves Foundation

Minneapolis, Minnesota·EIN 41-6038512·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)

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

Total revenue
$276k
Total assets
$9.1M
Total expenses
$548k
Reported officers
5

Executive compensation

Form 990-PF · Part VIII · 2 reported individuals · Filing year 2023

Presex Dir
Unclassified
$78k
$86k
Secrearyasst Treas
Unclassified
$70k
$77k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 3 unpaid individuals.

Browse compensation in Philanthropy, Voluntarism & Grantmaking

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at Groves Foundation equaled 14% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

This organization (2023)
14%
Sector median
15%
Middle half of sector
5% to 24%

Based on 35,946 philanthropy, voluntarism & grantmaking organizations, each measured at its most recent filing year with reported expenses and compensation.

Grants paid

Itemized grants reported on this foundation's 2023 Form 990-PF, Part XV.

Total granted

$360k

Itemized grants

19

Median grant

$10k

RecipientLocationPurposeAmount
AccessAbility IncMinneapolis, MNOperating Grant$75k
Groves Academy (GLO)St Louis Park, MNScholarship Assistance$75k
Shriners Childrens - Twin CitiesWoodbury, MNAdaptive Bike Grant$50k
University of Minnesota FoundationMinneapolis, MNPediatric Dermatology Specialty Care Fund$35k
We Can Ride IncMaple Plain, MNGeneral Operating Scholarship Horse Supply Grants$21k
Augsburg UniversityMinneapolis, MNCLASS Assistance Fund$15k
Urban Boat BuildersSaint Paul, MNYouth Counselor$15k
FraserMinneapolis, MNMusic Program$10k
Irondale - FRC Team 2052Saint Paul, MNProgram Grant$10k
Minnesota Private College FundSaint Paul, MNScholarship Program$10k
Sharing and Caring Hands IncMinneapolis, MNReplace Cabinets in Dental Office$10k
We Can Ride IncMaple Plain, MNNew Footings in Arena$9k
We Can Ride IncMaple Plain, MN2024 Gala Sponsorship$6k
Reach For Resources IncMinnetonka, MNProgram Expenses$5k
True FriendsAnnandale, MNCamp operations$5k
AccessAbility IncMinneapolis, MNEvening Stars Program$3k
Laura Baker Service AssociationNorthfield, MNCreative Arts Program$3k
AccessAbility IncMinneapolis, MNRun WalkNRoll Sponsorship$3k
FraserMinneapolis, MNAdditional Music Instruments$2k
Compare this foundation's grantees

Held steady
from 2022

From $78k in 2022 to $78k in 2023.

$78k
2022
$78k
2023
In today's dollarsEst.
Down 4% in real terms$89k to $86k

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about Groves Foundation

What are Groves Foundation's revenue and expenses?

In 2023, Groves Foundation reported $276k in total revenue and $548k in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.