Minneapolis Foundation
93% goes to programs $3 to raise $100 Strong reserves
Minneapolis Foundation is a 501(c)(3) organization based in Minneapolis, Minnesota, registered in 1926, with $192,988,402 in FY2024 revenue. CharityIndex grades it A, and it directs about 93% of spending to programs.
80 South Eight Street, Minneapolis, MN, 55402 EIN 41-6029402 Since 1926
Revenue (FY2024)
$193.0M
▲ 31.4% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$152.4M
Net assets
$1.1B
Employees
73
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating93% to programs · $3 to raise $100
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. For Minneapolis Foundation: 93% to programs · $3 to raise $100 earns a A+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating87 mo reserves · +21% 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 Minneapolis Foundation: 87 mo reserves · +21% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
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. For Minneapolis Foundation: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 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 Minneapolis Foundation: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Together, we drive collective action in order to realize strong, vibrant communities.
Contact & location
- Address
- 80 South Eight Street, Minneapolis, MN, 55402
- City
- Minneapolis
- State
- Minnesota
- Subcategory
- Public Foundations
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $121.9M (FY2013) to $193.0M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $80.4MNet assets $1.1B
Operating margin
21.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.2B
Total liabilities
$80.4M
Net assets
$1.1B
Salaries & benefits
$10.4M
7% of expenses
Board members
32
31 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $192,988,402▲31.4% | $152,448,966▲13.6% | $1,105,308,485▲3.8% | $1,185,664,206▲4.5% | 990 |
| 2023 | $146,901,684▲27.4% | $134,196,439▲9.5% | $1,065,150,350▲9.4% | $1,134,066,155▲9.1% | 990 |
| 2022 | $115,302,787▼43.6% | $122,536,152▲0.5% | $973,806,083▼7.4% | $1,039,176,403▼6.6% | 990 |
| 2021 | $204,398,163▲1.8% | $121,965,802▼3.0% | $1,052,016,631▲7.9% | $1,113,100,701▲7.8% | 990 |
| 2020 | $200,857,814▲41.9% | $125,693,751▲18.4% | $974,994,857▲35.9% | $1,032,113,169▲35.1% | 990 |
| 2019 | $141,518,502▲9.3% | $106,120,687▲9.7% | $717,213,010▼5.3% | $763,755,990▼6.0% | 990 |
| 2018 | $129,527,194▼12.0% | $96,740,604▲15.9% | $757,683,419▼0.8% | $812,815,836▼0.7% | 990 |
| 2017 | $147,120,892▲50.1% | $83,454,613▲17.8% | $763,605,302▲11.8% | $818,685,750▲11.5% | 990 |
| 2016 | $98,028,983▲16.7% | $70,849,060▲0.1% | $682,873,727▲11.7% | $733,948,041▲11.5% | 990 |
| 2015 | $83,967,004▼5.8% | $70,745,401▼23.9% | $611,143,723▼5.5% | $657,955,063▼4.4% | 990 |
| 2014 | $89,102,571▼26.9% | $92,966,869▲67.5% | $646,831,752▼1.7% | $688,094,114▼1.3% | 990 |
| 2013 | $121,930,637 | $55,490,803▼9.5% | $658,154,073▲19.9% | $696,881,873▲19.8% | 990 |
| 2012 | — | $61,301,065▲17.6% | $549,107,034▲3.3% | $581,711,207▲2.2% | 990 |
| 2011 | — | $52,133,121 | $531,349,320 | $569,010,688 | 990 |
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.
Leadership & compensation (FY2024)
Highest-paid: Rt Rybak — $420,545 (0.28% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Rt Rybak | President & Ceo | 37.5 | $420,545 |
| Jo-anne Stately | Senior Vice President of Impact | 37.5 | $288,507 |
| Christopher Beach | Senior Vice President, Philanthropic Services | 37.5 | $279,705 |
| Greg Wenz | Cfo | 37.5 | $223,270 |
| William Sternberg | Director, Business Development and Philanthropic A | 37.5 | $207,677 |
| Patrice Relerford | Vice President of Collective Impact and Giving | 37.5 | $204,150 |
| Colleen Hase | Vice President of Technology and Enterprise Risk M | 37.5 | $195,605 |
| Milpha Blamo | Vice President For Talent and Culture | 37.5 | $195,090 |
| Janna Hottinger | Chief of Staff To President and Ceo | 37.5 | $173,217 |
| Alex Ware | Trustee | 1.5 | — |
| Becky O'grady | Trustee | 1.5 | — |
| Bill Graves | Trustee | 1 | — |
| Brenda Child | Trustee | 1 | — |
| Christina Le | Trustee | 1 | — |
| Colette Campbell | Trustee | 1 | — |
| Daniel Moreno | Trustee | 1 | — |
| Jazz Hampton | Trustee - 1/2025 | 1 | — |
| John Taft | Chair | 2.5 | — |
| Judy Halper | Trustee | 1 | — |
| Juliana Batista | Trustee | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Nepc LLC | Investment Management | $496,526 |
| Silchester International Advisors | Investment Management | $391,018 |
| Peregrine Capital Management | Investment Management | $377,160 |
| Wipfli LLP | It Services | $198,709 |
| Eartha Borer-bell | Consulting Services | $182,799 |
Grants received · $21.1M total
133 grants to Minneapolis Foundation totaling $21.1M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Charities Aid Foundation America | Charitable donation | 2024 | $207,704 |
| Tides Center | Sustainable environment | 2024 | $200,000 |
| Impactassets Inc | General support | 2024 | $100,000 |
| Amalgamated Charitable Foundation Inc | Project support | 2024 | $75,000 |
| Thrivent Financial For Lutherans | General support | 2024 | $64,500 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Community & human services | 2024 | $57,500 |
| Greater Kansas City Community Foundation | Public, societal benefit | 2024 | $50,000 |
| The Us Charitable Gift Trust | For recipient's exempt purpose | 2024 | $50,000 |
| Thrivent Financial For Lutherans | General support | 2024 | $49,000 |
| Silicon Valley Community Foundation | General nonprofit support | 2024 | $32,000 |
| Minneapolis Foundation | General | 2024 | $30,000 |
| The Thunderbirds | Youth development | 2024 | $15,000 |
| American Endowment Foundation | Philanthropy | 2024 | $12,700 |
| National Football League Foundation | General support | 2024 | $10,000 |
| American Online Giving Foundation Inc | General support | 2024 | $9,205 |
Grants made · $121.7M in FY2024
1,565 grants totaling $121.7M in FY2024 — showing the 15 largest. All grants made by Minneapolis Foundation →
| Recipient | Purpose | Amount |
|---|---|---|
| Great Mn Schools | Donor advised, education | $6,055,000 |
| Nature Conservancy | Donor advised, environment | $4,315,179 |
| Allina Health Foundation | Donor advised, health | $3,967,894 |
| Childrens Health Care Foundation | Donor advised, health | $3,312,113 |
| University of Minnesota Foundation | Donor advised, education | $2,980,694 |
| Minnesota Council On Foundations | Donor advised, public affairs/society benefit | $1,715,000 |
| Tchfh Lending Inc | General | $1,590,000 |
| Dia Center For the Arts Inc | Donor advised, arts, culture, humanities | $1,491,000 |
| Special School District No 1 | Donor advised, education | $1,407,530 |
| Donor Advised Charitable Giving | Donor advised, public affairs/society benefit | $1,241,006 |
| Innercity Tennis Foundation | Donor advised, human services | $1,168,703 |
| Greater Twin Cities United Way | Donor advised, human services | $1,165,338 |
| Guthrie Theatre Foundation | Donor advised, arts, culture, humanities | $942,450 |
| Venn Foundation | Donor advised, general | $880,000 |
| Pangea World Theater | Arts, culture, humanities | $878,500 |
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Compare Minneapolis Foundation
Frequently asked questions
- Is Minneapolis Foundation a legitimate nonprofit?
- Yes. Minneapolis Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 41-6029402, based in Minneapolis, Minnesota. Donations are tax-deductible.
- What is Minneapolis Foundation's EIN?
- Minneapolis Foundation's Employer Identification Number (EIN) is 41-6029402.
- How much revenue does Minneapolis Foundation report?
- Minneapolis Foundation reported $192,988,402 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Minneapolis Foundation's spending goes to programs?
- Minneapolis Foundation spends about 93% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Minneapolis Foundation have?
- CharityIndex grades Minneapolis Foundation A, based on program efficiency and fundraising cost.
- How much does Minneapolis Foundation's highest-paid employee make?
- The highest reported compensation on Minneapolis Foundation's latest Form 990 is $420,545, paid to Rt Rybak (President & Ceo).
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Explore more
Data for Minneapolis Foundation (EIN 41-6029402) 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.