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Filing year 2024

MINNESOTA POWER FOUNDATION

Duluth, Minnesota·EIN 56-2560595·NTEE T21 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)
Total revenue
$804k
Total assets
$841k
Total expenses
$893k
Reported officers
15

Reported officers (all unpaid)

No paid executives reported in 2024. MINNESOTA POWER FOUNDATION reported 15 unpaid officers and board members on its 990-PF.

President
Treasurer
Secretary
Secretary
Director
Director
Director
Director
Director
Director
Director
Director
Director
Director
Vice President

Grants paid

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

Total granted

$871k

Itemized grants

168

Median grant

$1k

RecipientLocationPurposeAmount
HEAD OF THE LAKES UNITED WAYDULUTH, MNFOUNDATION GRANT$100k
GREAT LAKES AQUARIUMDULUTH, MNFOUNDATION GRANT$50k
SECOND HARVEST NORTHERN LAKES FOOD BANKDULUTH, MNFOUNDATION GRANT$50k
ESSENTIA HEALTH FOUNDATIONDULUTH, MNFOUNDATION GRANT$50k
UNITED WAY OF 1000 LAKESGRAND RAPIDS, MNFOUNDATION GRANT$41k
OLD SCHOOL ARTS CENTER 210 GALLERY AND ART CENTERLITTLE FALLS, MNFOUNDATION GRANT$30k
UNITED WAY - NORTHEASTERN MINNESOTACHISHOLM, MNFOUNDATION GRANT$30k
DULUTH SUPERIOR AREA COMMUNITY FOUNDATIONDULUTH, MNFOUNDATION$28k
UNIVERSITY OF WISCONSIN SUPERIOR FOUNDATISUPERIOR, MNUWS ATHLETICS STADIUM SUPPORT$25k
STARBASE MINNESOTA DULUTHDULUTH, MNFOUNDATION GRANT$25k
DULUTH AREA FAMILY YMCADULUTH, MNFOUNDATION GRANT$24k
CLOQUET AREA FIRE DISTRICTCLOQUET, MNFOUNDATION GRANT$20k
ITASCA COUNTY FAMILY YMCAGRAND RAPIDS, MNFOUNDATION GRANT$20k
NORTH COUNTRY RIDEESKO, MNFOUNDATION GRANT$16k
UNITED WAY OF CARLTON COUNTYCLOQUET, MNFOUNDATION GRANT$16k
ELY NORDIC SKI AND BIKE CLUBELY, MNFOUNDATION GRANT$15k
DIVINE KONNECTIONS INCDULUTH, MNANNIE'S HOUSE EXPANSION$15k
SECOND HARVEST NORTHERN LAKES FOOD BANKDULUTH, MNFEEDING OUR COMMUNITIES$15k
UNIVERSITY OF MINNESOTA FOUNDATIONDULUTH, MNFOUNDATION GRANT$15k
NORTHLAND LEARNING CENTERVIRGINIA, MNSENSORY AND LEARNING TOOLS$14k
MEN AS PEACEMAKERSDULUTH, MNFOUNDATION GRANT$10k
MORRISON COUNTY UNITED WAYLITTLE FALLS, MNFOUNDATION GRANT$10k
UNION GOSPEL MISSIONDULUTH, MNMEAL PROGRAM$10k
UNITED WAY OF NORTHEASTERN MINNESOTA INCCHISHOLM, MNFOUNDATION GRANT$10k
YOUTH EMERGENCY SHELTERCLOQUET, MNFOUNDATION GRANT$10k
Compare this foundation's grantees
Financial trend

Revenue and expenses over time

MINNESOTA POWER FOUNDATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$791k
$813k
2023
$804k
$893k
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

MINNESOTA POWER 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 MINNESOTA POWER FOUNDATION

What are MINNESOTA POWER FOUNDATION's revenue and expenses?

In 2024, MINNESOTA POWER FOUNDATION reported $804k in total revenue and $893k 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.