Ernest C Oberholtzer Foundation
Only null% goes to programs Strong reserves Growing revenue
Ernest C Oberholtzer Foundation is a 501(c)(3) organization based in Duluth, Minnesota, registered in 2010, with $476,871 in FY2023 revenue. CharityIndex grades it B.
1215 W Victoria St, Duluth, MN, 55811 EIN 41-6042619 Since 2010
Revenue (FY2023)
$477K
▲ 67.9% vs prior year
Arts & Culture median: $159K
Expenses (FY2023)
$187K
Net assets
$1.4M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Ernest C Oberholtzer Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating92 mo reserves · +61% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Ernest C Oberholtzer Foundation: 92 mo reserves · +61% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Ernest C Oberholtzer Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Ernest C Oberholtzer Foundation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 1215 W Victoria St, Duluth, MN, 55811
- City
- Duluth
- State
- Minnesota
- Category
- Arts, Culture & Humanities
- Subcategory
- Museums
- Website
- …
Financial trends
Revenue grew from $167K (FY2013) to $477K (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $0Net assets $1.4M
Operating margin
60.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.4M
Total liabilities
$0
Net assets
$1.4M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $476,871▲67.9% | $186,725▲31.3% | $1,424,394▲25.6% | $1,424,394▲25.6% | 990PF |
| 2022 | $284,038▲42.8% | $142,240▲16.4% | $1,134,264▲14.0% | $1,134,264▲14.0% | 990PF |
| 2021 | $198,860▲26.7% | $122,192▲8.0% | $994,969▲8.3% | $994,969▲8.3% | 990PF |
| 2020 | $157,005▲14.1% | $113,143▼6.9% | $918,301▲5.0% | $918,301▲5.0% | 990PF |
| 2019 | $137,646▼26.9% | $121,489▼2.3% | $874,444▲1.9% | $874,444▲1.9% | 990PF |
| 2018 | $188,203▼17.2% | $124,314▲10.5% | $858,287▲8.0% | $858,287▲8.0% | 990PF |
| 2017 | $227,363▲9.0% | $112,551▲12.5% | $794,398▲16.9% | $794,398▲16.9% | 990PF |
| 2016 | $208,525▲19.4% | $100,023▼5.6% | $679,582▲19.0% | $679,582▲19.0% | 990PF |
| 2015 | $174,656▲35.3% | $105,921▼4.0% | $571,081▲13.7% | $571,081▲13.7% | 990PF |
| 2014 | $129,112▼22.7% | $110,277▲6.8% | $502,345▲3.9% | $502,345▲3.9% | 990PF |
| 2013 | $167,106 | $103,217▼9.0% | $483,511▲15.2% | $483,511▲15.2% | 990PF |
| 2012 | — | $113,411▲35.5% | $419,622▲31.2% | $419,622▲31.2% | 990PF |
| 2011 | — | $83,697▼3.8% | $319,904▲5.8% | $319,904▲5.8% | 990PF |
| 2010 | — | $87,015 | $302,335 | $302,335 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $306K total
15 grants to Ernest C Oberholtzer Foundation totaling $306K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Minneapolis Foundation | Donor advised, public affairs/society benefit | 2024 | $52,000 |
| Minnesota Historical Society | Legacy grant for mallard island annex library | 2023 | $34,018 |
| Minneapolis Foundation | Donor-advised, public affairs/society benefit | 2023 | $17,000 |
| Minneapolis Foundation | Donor-recommended, philanthropy | 2022 | $25,000 |
| Minnesota Historical Society | Legacy grant for historic stonework conditions assessment | 2022 | $19,997 |
| American Endowment Foundation | Arts, culture | 2022 | $5,000 |
| Minneapolis Foundation | Donor-recommended, philanthropy | 2021 | $15,000 |
| Minneapolis Foundation | The francis e. andrews building fund | 2020 | $12,500 |
| Minneapolis Foundation | The francis e. andrews building fund | 2020 | $12,500 |
| Minneapolis Foundation | General operating support | 2019 | $17,500 |
| Minneapolis Foundation | General operating support | 2018 | $15,500 |
| Minneapolis Foundation | The frances elizabeth andrews building endowment fund | 2017 | $20,000 |
| Minnesota Historical Society | Legacy grant for a photograph collection inventory. | 2017 | $10,000 |
| Minneapolis Foundation | General operating support | 2016 | $40,000 |
| Donor Advised Charitable Giving | Arts, culture & humanities | 2015 | $10,302 |
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Frequently asked questions
- Is Ernest C Oberholtzer Foundation a legitimate nonprofit?
- Yes. Ernest C Oberholtzer Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 41-6042619, based in Duluth, Minnesota. Donations are tax-deductible.
- What is Ernest C Oberholtzer Foundation's EIN?
- Ernest C Oberholtzer Foundation's Employer Identification Number (EIN) is 41-6042619.
- How much revenue does Ernest C Oberholtzer Foundation report?
- Ernest C Oberholtzer Foundation reported $476,871 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Ernest C Oberholtzer Foundation have?
- CharityIndex grades Ernest C Oberholtzer Foundation B, based on financial health (reserves and operating margin).
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Data for Ernest C Oberholtzer Foundation (EIN 41-6042619) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.