2024-09-20T09:43:33-05:00 2023-12-31 450250958 Eide Bailly LLP 800 Nicollet Mall Ste 1300 Minneapolis MN 554027033 990 2023-01-01 411269275 Minnesota Council on Foundations MINN 6123381989 800 Washington Avenue North 703 Minneapolis MN 55401 Susan Brown President 6123381989 2024-09-20 1 1 Deb Nelson CPA P01264758 6122536500 2024-09-19 2023 2024-08-08 14:25:15Z Jenny Johnson 800 Washington Avenue North 703 Minneapolis MN 55401 2992673 0 X www.MCF.org X 1975 MN Connecting, strengthening & mobilizing the power of philanthropy to advance prosperity & equity 19 19 11 19 10749 0 3318930 2753875 174230 216396 3073 11653 15230 10749 3511463 2992673 1691000 60000 0 0 1111284 1063651 0 0 15813 538266 676233 3340550 1799884 170913 1192789 1994364 3080837 360541 253168 1633823 2827669 X MCF is a vibrant philanthropic community connecting, strengthening and mobilizing the power of philanthropy to advance prosperity and equity. 0 0 60000 60000 Supporting Minnesota Communities: The Minnesota Council on Foundations engaged nonprofit organizations and communities of color to strengthen the practice of philanthropy, build relationships between philanthropy and the community, and promote community engagement in democracy. This included grant support for organizations advancing racial justice and supporting disaster relief in Minnesota communities. 748155 216396 Membership Services:MCF conducts a wide range of training and professional development opportunities for grantmakers, and creates opportunities for peer networking and learning within the field. Programs include: grantmaking skills; briefings on current events and issues; foundation type and issue based peer networks; and trends in the nonprofit and philanthropic sectors. MCF provides programming and peer learning opportunities in a range of issues related to Diversity, Equity and Inclusion. MCF's government relations and public policy program provides education, training and peer networks to its members, encouraging the incorporation of public policy and advocacy into grantmaking, in adherence with professional and legal practices. MCF responds to public policy issues related to the field of philanthropy, and advances public policy issues related to strengthening democracy. 604506 Public Awareness:MCF educates the public, nonprofit organizations, the media, government and elected officials about philanthropy, trends in the field, and the grantmaking process. This occurs through the publication of MCF Notes, MCF Giving Memo, CEO Chats, Giving in Minnesota report, and working directly with the media and the interested public. 1412661 1 1 0 1 0 0 0 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 8 0 1 11 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 19 19 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 MN X X Patricia Starks-Faggett 6123353418 800 Washington Avenue North Suite Minneapolis MN 55401 Jenny Johnson Board Chair 1.00 X X 0 0 0 Marcus Pope Vice Chair 1.00 X X 0 0 0 Flor Trevino Frey Secretary 1.00 X X 0 0 0 Matt Stowell Treasurer 1.00 X X 0 0 0 Olivia Jefferson Member 1.00 X 0 0 0 Ben Cameron Member (Until May 2023) 1.00 X 0 0 0 Denise Mayotte Member (Until June 2023) 1.00 X 0 0 0 Lulete Mola Member 1.00 X 0 0 0 Sarah Berger Member 1.00 X 0 0 0 Katherine Friesz Member 1.00 X 0 0 0 Kevin Bennett Member 1.00 X 0 0 0 Mai-Anh Tran Member 1.00 X 0 0 0 Nate Dorr Member 1.00 X 0 0 0 Dominic Papatola Member 1.00 X 0 0 0 Catie Bitzan Amundsen Member 1.00 X 0 0 0 Anna Wasescha Member 1.00 X 0 0 0 Ambar Hanson Member 1.00 X 0 0 0 Aaron Zimmerman Member 1.00 X 0 0 0 Jennifer Higgins Member 1.00 X 0 0 0 Carolyn Link Member 1.00 X 0 0 0 John Wilgers Member 1.00 X 0 0 0 Susan Brown President 37.50 X 163264 0 24557 Paul Masiarchin VP & Director of Member Services 37.50 X 106121 0 15037 269385 0 39594 2 0 1 0 0 1129875 1624000 2753875 Membership Dues 813910 114000 114000 Meeting Fees 813910 97881 97881 4515 4515 216396 11653 11653 Advertising 541800 10749 10749 10749 2992673 216396 10749 11653 60000 60000 188514 37703 150811 726810 655917 60108 10785 41385 38344 2406 635 43417 41744 975 698 63525 49143 13612 770 17515 17515 176049 152948 22273 828 10759 9375 1365 19 4130 3461 637 32 147763 111960 34517 1286 22286 18602 3595 89 146971 140037 6810 124 65386 51979 12926 481 7491 5676 1750 65 License Fees 37326 5906 31419 1 Forum Dues 24536 22082 2454 0 Printing/Equipment 8681 444 8237 0 7340 7340 1799884 1412661 371410 15813 372925 1035160 1132859 1391156 127250 300000 2520 738 28790 24360 703567 554487 105005 149080 96416 100829 128599 79514 1994364 3080837 48955 67011 48750 40190 28617 0 234219 145967 360541 253168 X 1005281 1044797 628542 1782872 1633823 2827669 1994364 3080837 1192789 1057 0 X 0 1 X 1 0 X 1974634 2079150 7121114 3318930 2753875 17247703 1974634 2079150 7121114 3318930 2753875 17247703 1312890 15934813 4189 3319 2681 3073 11653 24915 13299 813 9189 198 23499 17296117 796801 0.92130 0.95030 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2181 8725 10906 1401755 1412661 216266 54067 0 0 246422 479286 293427 216266 1235401 1853102 11679 12494 9721 10906 44800 61606 119822 73357 54067 308852 463278 2336 2499 1944 2181 8960 0 0 414224 372802 41422 188780 171629 17151 100563 10056 90507 149080 Operating Lease Liability 145967 145967 X 2993730 1057 1057 2992673 0 2992673 1799884 0 1799884 0 1799884 Part X, Line 2: MCF believes that it has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the financial statements. MCF would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred. 1 Voices for Racial Justice 2525 E Franklin Ave Ste 301 Minneapolis MN 55406 411750116 501(c)3 20000 0 Building organizatinal capacity around Cenus, democracy, & civic engagement work. Part of MN Census & Democracy Partnership initiative. YMCA of the North 615 Nicollet Mall Suite 500 Minneapolis MN 55402 452563299 501(c)3 20000 0 Ecuadorian Refugees Resettlement Efforts MN Voluntary Organizations Active in Disaster (MN VOAD) POBox 131622 Roseville MN 55113 300222994 501(c)3 20000 0 To support MN VOAD with disaster reponse needs across MN 3 0 Part I, Line 2: Intermediary Funding/Grants: As MCF was the intermediary of these funds, MCF did not monitor the use of the grants funds once the funds were distributed. X X X 0 0 0 0 0 0 0 0 0 Susan Brown President 163264 0 0 0 0 0 11032 0 14218 0 188514 0 0 0 Form 990, Part VI, Section A, line 1a MCF has an Executive Committee, consisting of three or more members of the Board of Directors, including the Chair, Vice-Chair, Secretary, and Treasurer of the Board of Directors. The Executive Committee has the power and authority of the Board of Directors between meetings of the board, reporting to the Board of Directors at its succeeding meeting any action taken; provided, however, that the committee has no authority to fill vacancies in the board or to repeal the bylaws or any resolution of the Board of Directors that by its terms is not amendable or repealable. Form 990, Part VI, Section A, line 6 Voting members include private foundations, private operating foundations, community foundations, business organizations or, a board division, tribe, public charity grantmaker and other grantmaking organizations which: (A) makes grants for charitable, religious, education, or scientific purposes; and, (B) makes grants to multiple, unrelated organizations rather than to one institution, or solely to its affiliates or subsidiaries or to a group of preselected recipients; and (C) devotes a portion of its charitable budget to its grantmaking program and activities rather than to fundraising. Only the member organizations described above shall be voting members, whose voting and other rights, interests and privileges shall be equal. All other members, such as associate members do not have voting rights and privileges. Form 990, Part VI, Section A, line 7a The members of MCF elect the directors by majority vote. In any election, or in any other business of an annual or special meeting of the members of MCF, each voting member organization is represented, and entitled to vote by, an individual delegate. Members of MCF do not participate in the management of MCF but may recommend policy to the Board of Directors. Form 990, Part VI, Section A, line 7b The members of MCF must approve certain amendments to the Articles and Bylaws. The Board of Directors may not adopt, amend, or repeal a provision fixing a quorum for meetings of Members, prescribing procedures for removing directors or filling vacancies in the Board of Directors, or fixing the number of directors or their classifications, qualifications, or terms of office without the approval of the Members. Form 990, Part VI, Section B, line 11b The Finance Committee will review the Form 990, addressing any questions or comments. The committee will vote to recommend the Form 990 advance to the Board of Directors for approval. The Form 990 will then be distributed to the Board of Directors to vote for approval prior to filing with the IRS. Form 990, Part VI, Section B, line 12c Members of MCF's board and staff complete an annual conflict of interest disclosure form. A copy of MCF's conflict of interest policy and procedures is available if requested. Prior to board action on a contract or transaction involving a conflict of interest, a Director who knows he or she has a conflict of interest and who is in attendance at the meeting shall disclose all facts material to the conflict of interest. Such disclosure shall be reflected in the minutes of the meeting. A director who does not plan to attend a meeting at which he or she has reason to believe that the board will act on a matter in which the person knows he or she has a conflict of interest shall disclose to the Chair all facts material to the conflict of interest. The Chair shall report the disclosure at the meeting and the disclosure shall be reflected in the minutes of the meeting. If the Director having the conflict of interest is the Chair, then the required disclosure shall be made to, and the required report to the board shall be made by, the President. Responsible persons who are not Directors of MCF, or who have a conflict of interest with respect to a contract or transaction that is not the subject of board action, shall disclose to the President or Chair any conflict of interest that such responsible person knows he or she has with respect to such contract or transaction. Such disclosure shall be made as soon as the conflict of interest is known to the responsible person. The responsible person shall refrain from any action that may affect MCF's participation in such contract or transaction. The President or Chair shall determine whether the conflict of interest should be reported to or acted on by the Board, and shall make a written record of the disclosure and the decision on whether to bring the matter to the Board. If the matter does not require Board consideration, the President or Chair may address the matter. If it is not entirely clear whether or not a conflict of interest exists, then the individual with the potential conflict shall disclose the circumstances to the Chair or President, who shall determine whether there exists a conflict of interest that is subject to this policy. The Board shall review each conflict of interest that is reported to it, and may approve the affected contract or transaction if the material facts as to the contract or transaction and the conflict of interest are fully disclosed or known to the Board and the Board approves the contract or transaction in good faith by the affirmative vote (without counting the interested Director) of a majority of the Board at a meeting at which there is a quorum present, again without counting the interested Director. Form 990, Part VI, Section B, line 15a The MCF strives to achieve fair, transparent and effective ways of recognizing, motivating and rewarding staff for contributions to achieving its mission. MCF uses a compensation system that determines the current market value of the position based on the skills, knowledge and behaviors required of a fully competent incumbent. The system used is objective and non-discriminatory in theory, application and practice. The Board of Directors is responsible for the review and approval of the position level, pay range, and the specific compensation package for the President. MCF conducts a salary review, periodically, that compares similar organizations including nonprofits, organizations of similar size and those in the Twin Cities metro area, or region, as appropriate for the level of position and as available. MCF developed a compensation philosophy and new compensation bands in 2021, which included a commitment to update the salary bands, using market tools, every three years at minimum. The Minnesota Council on Foundations uses comparative data from other member associations and nonprofits to establish compensation for all staff. MCF uses data from the Minnesota Council of Nonprofits, the United Philanthropy Forum, and other sources. Form 990, Part VI, Section C, line 19 MCF's governing documents, conflict of interest policy and financial statements are available upon request.