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Filing year 2024

WALTER C RASMUSSEN - NORTHEAST BANK FOUNDATION

Minneapolis, Minnesota·EIN 41-6373302·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)

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

Total revenue
$492k
Total assets
$88k
Total expenses
$411k
Reported officers
15

Reported officers (all unpaid)

No paid executives reported in 2024. WALTER C RASMUSSEN - NORTHEAST BANK FOUNDATION reported 15 unpaid officers and board members on its 990-PF.

Director/vice President
Board Chair/president
Director/secretary
Director/treasurer
Director
Director
Director
Director
Director
Director
Director
Director
Director
Director
Director

Grants paid

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

Total granted

$408k

Itemized grants

133

Median grant

$1k

RecipientLocationPurposeAmount
EAST SIDE NEIGHBORHOOD SERVICESMINNEAPOLIS, MNCOMMUNITY DEVELOPMENT$56k
THE BETA GROUPMINNEAPOLIS, MNGENERAL SUPPORT$45k
SACACOLUMBIA HEIGHTS, MNGENERAL SUPPORT$29k
THE CAMDEN PROMISEMINNEAPOLIS, MNCOMMUNITY DEVELOPMENT$28k
ALLINA HEALTH FOUNDATIONMINNEAPOLIS, MNCOMMUNITY DEVELOPMENT$25k
LEE CARLSON CENTERFRIDLEY, MNGENERAL SUPPORT$24k
MY VERY OWN BEDMINNEAPOLIS, MNCOMMUNITY DEVELOPMENT$13k
SACACOLUMBIA HEIGHTS, MNREVITALIZE/STABILIZE$11k
FRIENDS OF RAMSEY LIBRARY (NB)SHOREVIEW, MNCOMMUNITY DEVELOPMENT$10k
ISD #13COLUMBIA HEIGHTS, MNCOMMUNITY DEVELOPMENT$9k
THE DWELLING PLACECOLUMBIA HEIGHTS, MNAFFORABLE HOUSING$7k
CATHOLIC ELDERCAREMINNEAPOLIS, MNAFFORDABLE HOUSING$5k
METROPOLITAN ECONOMIC DEVELOPMENT ASSOCMINNEAPOLIS, MNECONOMIC DEVELOPMENT$5k
MINNESOTA MEDICAL FOUNDATIONMINNEAPOLIS, MNGENERAL SUPPORT$5k
WOMEN VENTUREMINNEAPOLIS, MNCOMMUNITY DEVELOPMENT$5k
DOUGHERTY FAMILY COLLEGEWAYZATA, MNGENERAL SUPPORT$5k
DELASALLE HIGH SCHOOLMINNEAPOLIS, MNGENERAL SUPPORT$4k
HOSPITALITY HOUSE YOUTH DEVELOPMENTMINNEAPOLIS, MNCOMMUNITY DEVELOPMENT$4k
UNITED WAYMINNEAPOLIS, MNCOMMUNITY DEVELOPMENT$4k
GREATER METROPOLITAN HOUSING CORPORATIONMINNEAPOLIS, MNAFFORDABLE HOUSING$4k
NEIGHBORHOOD HEALTH SOURCEMINNEAPOLIS, MNREVITALIZE/STABILIZE$3k
RISEMINNEAPOLIS, MNCOMMUNITY DEVELOPMENT$3k
DEMOMINNEAPOLIS, MNGENERAL SUPPORT$3k
WISHES & MOREMINNEAPOLIS, MNGENERAL SUPPORT$3k
ACCAPBLAINE, MNAFFORABLE HOUSING$3k
Compare this foundation's grantees
Financial trend

Revenue and expenses over time

WALTER C RASMUSSEN - NORTHEAST BANK FOUNDATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$248k
$243k
2023
$492k
$411k
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

WALTER C RASMUSSEN - NORTHEAST BANK 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 WALTER C RASMUSSEN - NORTHEAST BANK FOUNDATION

What are WALTER C RASMUSSEN - NORTHEAST BANK FOUNDATION's revenue and expenses?

In 2024, WALTER C RASMUSSEN - NORTHEAST BANK FOUNDATION reported $492k in total revenue and $411k 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.