Midcontinent Foundation

Nonprofit profile at a glance

EIN
363556764
IRS 990-PF coverage
2012–2024
Forms available
Form 990-PF 2024
Location
Minneapolis, MN, USA
Phone
9528442600
Rating
92
Verdict
STRONG
Rating confidence
Standard

Reported finances

Revenue
$300,000
Expenses
$278,273

Source: IRS Form 990-PF. Selected filing: tax year 2024. Amounts in USD.

Overview

Mission

Midcontinent Foundation is a nonprofit. Location: Minneapolis, MN. EIN 363556764. Tax year 2024 Form 990-PF reports $300K revenue and $278K expenses.

What it reported funding in 2024

The foundation reported 262 grants totaling $269,208. The stated grant purposes included 31:8 project is asking for support to provide 50 youth ages 13-17 with support backpacks through our bravery backpacks program. these backpacks are given to children in traumatic situations. it is our hope that they provide children with comfort., we are currently in the process of acquiring a new swimming equipment for asc., and replace camera security systems in two shelter facilities (pam's house and dz hope house), family safety center and seeds of hope thrift store., plus 183 other reported purposes.

Operating model

Revenue model
Donor-supported. 100% of the foundation's positive operating resources came from contributions.
Distribution model
Grant intermediary. The foundation distributed 96% of its reported charitable disbursements as grants.

The verdict

STRONG - A large share of available resources goes to charitable grants and the filing identifies who received its grants. Assets provide a limited cushion relative to annual grants and the filing reports one or more activities that warrant closer review.

Rating breakdown

  • Grant Deployment: 100
  • Cost Efficiency: 96
  • Transparency: 100
  • Compliance: 98
  • Endowment Health: 36

Detailed rating inputs

Grant Deployment

  • Grant deployment ratio: 100%; rating input score 100; 79th percentile among comparable filings

Cost Efficiency

  • Grant expense ratio: 96%; rating input score 96; 79th percentile among comparable filings

Transparency

  • Grant recipient disclosure: Yes; rating input score 100

Compliance

  • Part VII-B activity disclosures: 18 of 19 controls in place; rating input score 95
    • Property sale or exchange with a disqualified person: Pass
    • Borrowing from or lending to a disqualified person: Pass
    • Goods, services, or facilities involving a disqualified person: Pass
    • Compensation paid to a disqualified person: Pass
    • Assets transferred to a disqualified person: Pass
    • Payment to a government official: Pass
    • Uncorrected prior self-dealing: Pass
    • Prior-year undistributed income: Pass
    • Excess business holdings: Pass
    • Investments that may jeopardize charitable purposes: Pass
    • Uncorrected prior-year jeopardizing investments: Pass
    • Attempt to influence legislation: Pass
    • Attempt to influence an election: Pass
    • Grants to individuals: Pass
    • Grants to organizations: Fail
    • Spending for a noncharitable purpose: Pass
    • Funds received for a personal-benefit contract: Pass
    • Premiums paid on a personal-benefit contract: Pass
    • Prohibited tax-shelter transaction: Pass
  • Filing consistency checks: 10; rating input score 100

Endowment Health

  • Endowment-health comparison: 0.3; rating input score 36; 36th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Grants: 100% of grant recipient detail disclosed
  • Payout: At least 100% grant deployment rate
  • Trustees: Filed trustees detail
  • Self-dealing: 100% of reviewed questions answered “No”
  • Investments: 36th percentile for endowment coverage
  • Consistency: 10 of 10 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 12 filing years from 2012 to 2024
  • Contacts: How to reach this organization
  • Money network: 263 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Endowment Health: Endowment-health comparison scored 36/100.
  • Review — Compliance: Part VII-B activity disclosures: Grants to organizations not reported.