Kendrick B Melrose Family Foundation
Only null% goes to programs Strong reserves Growing revenue
Kendrick B Melrose Family Foundation is a 501(c)(3) organization based in Plymouth, Minnesota, registered in 1998, with $22,888,654 in FY2024 revenue. CharityIndex grades it C+.
115 Balsam Ln N, Plymouth, MN, 55441 EIN 41-1894134 Since 1998
Revenue (FY2024)
$22.9M
▲ 3385.9% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$903K
Net assets
$49.2M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—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 Kendrick B Melrose Family 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 rating654 mo reserves · +96% 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 Kendrick B Melrose Family Foundation: 654 mo reserves · +96% 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 Kendrick B Melrose Family Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 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 Kendrick B Melrose Family Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 115 Balsam Ln N, Plymouth, MN, 55441
- City
- Plymouth
- State
- Minnesota
- Subcategory
- Private Foundations
Financial trends
Revenue declined from $24.6M (FY2020) to $22.9M (FY2024) across 5 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $49.2M
Operating margin
96.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$49.2M
Total liabilities
$0
Net assets
$49.2M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $22,888,654▲3386% | $903,335▲24.6% | $49,203,179▲80.8% | $49,203,179▲80.8% | 990PF |
| 2023 | -$696,568▼159% | $725,264▼71.9% | $27,218,108▼5.0% | $27,218,108▼5.0% | 990PF |
| 2022 | $1,185,817▼20.3% | $2,584,135▲37.8% | $28,652,209▼4.7% | $28,652,209▼4.7% | 990PF |
| 2021 | $1,487,890▼93.9% | $1,875,777▲31.3% | $30,063,777▼1.3% | $30,063,777▼1.3% | 990PF |
| 2020 | $24,590,724 | $1,428,437 | $30,461,081 | $30,461,081 | 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.
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Frequently asked questions
- Is Kendrick B Melrose Family Foundation a legitimate nonprofit?
- Yes. Kendrick B Melrose Family Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 41-1894134, based in Plymouth, Minnesota. Donations are tax-deductible.
- What is Kendrick B Melrose Family Foundation's EIN?
- Kendrick B Melrose Family Foundation's Employer Identification Number (EIN) is 41-1894134.
- How much revenue does Kendrick B Melrose Family Foundation report?
- Kendrick B Melrose Family Foundation reported $22,888,654 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Kendrick B Melrose Family Foundation have?
- CharityIndex grades Kendrick B Melrose Family Foundation C+, based on financial health (reserves and operating margin).
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Data for Kendrick B Melrose Family Foundation (EIN 41-1894134) 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.