Saint Paul & Minnesota Foundation
Nonprofit profile at a glance
- EIN
- 416031510
- IRS 990 coverage
- 2010–2025
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2025, Form 990-T 2024
- Location
- Saint Paul, MN, United States
- Phone
- 651.224.5463
- Rating
- 89
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Community Foundations
Reported finances
- Revenue
- $210,840,402
- Expenses
- $139,909,503
- Assets
- $1,673,986,347
- Liabilities
- $15,291,143
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
32 people listed
Executive titles in this filing
- ERIC JOLLY (PREVIOUS PRESIDENT/CEO/SECRETARY)
- CHANDA SMITH BAKER (PRESIDENT & CEO)
Highest reported compensation
- ERIC JOLLY (PREVIOUS PRESIDENT/CEO/SECRETARY): $990,863 total reported compensation
- SHANNON OLEARY (CHIEF INVESTMENT OFFICER): $608,974 total reported compensation
- ASHLEY GAM (DIRECTOR OF INVESTMENTS): $414,767 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
We inspire, advocate and invest to advance community visions. Billionaire Glen Taylor transfers $100 million land gift to support rural areas _The Minnesota Star Tribune_ January 6, 2026**[. Minnesotans showed up on Give to the Max Day — now it’s the state’s turn to bolster support for nonprofits ** _MinnPost_**[]( September 9, 2024[. The Saint Paul & Minnesota Foundation Board of Directors governs the Foundation and ensures that all the Foundation's affiliates receive quality services and benefit from our shared expertise. The directors are committed volunteers who share their expertise to serve the community. Thompson Aderinkomi.
What it reported doing in 2025
The foundation provides grants to individuals through the community sharing fund (csf) and j.c. And l.a. Duke employee assistance fund (duke fund). The csf is a unique emergency grant program that supports thousands of east metro residents as they navigate financial setbacks. Grants have been used to help maintain transportation to a job, cover rent or pay for childcare. Through a network of social workers, individuals can access the fund when all other forms of emergency assistance have been exhausted. 1,390 grants were approved from the csf during 2025.the duke fund provides assistance to 3m employees who have experienced a catastrophic illness or accident. Grants help employees regain self-sufficiency and return to the workplace. Support is designed to help employees through a transition and is not indefinite. 76 grants were approved from the duke fund during 2025.
Operating model
- Revenue model
- Donor-supported. 73% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 94% of its reported program spending out as grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 88
- Transparency & Controls: 81
- Accountability: 100
- Sustainability: 83
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 96.7%; rating input score 97
- Program expense ratio: 88.3%; rating input score 88
- Fundraising efficiency: $20.44 raised per $1 spent on fundraising; rating input score 46; 46th percentile among comparable filings
Transparency & Controls
- Consistency checks: 94.7%; rating input score 95; 31st percentile among comparable filings
- Pay-setting controls: 6 of 6 controls in place; rating input score 100
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Pass
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Scored; rating input score 0
- Grant itemization coverage: 94.4%; rating input score 94; 33rd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 100%; rating input score 100; 65th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 33.6%; rating input score 90; 90th percentile among comparable filings
- Total-asset coverage ratio: 11.96; rating input score 86; 86th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 92; 92nd percentile among comparable filings
- Officer compensation ratio: 3.3%; rating input score 38; 38th percentile among comparable filings
Growth
- Program expense growth: 9.4% per year; rating input score 100; 66th percentile among comparable filings
- Revenue growth: 7.3% per year; rating input score 100; 58th percentile among comparable filings
- Asset growth: 7% per year; rating input score 100; 49th percentile among comparable filings
Details
- What they do: 1 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 96.7% of revenue deployed · 88.3% of spending went to programs
- Governance: 19 of 19 board members independent · 9 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $123.6M in reported program spending
- Leadership: top reported pay $991K · 32 people listed · 6 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $1.3M reported
- Consistency: 43 of 44 current checks pass · 1 finding to review
- Schedules: 11 filed schedules · includes major donors, foreign activity, grants, executive pay, and related organizations
- Filing history: 16 filing years from 2010 to 2025
- Contacts: How to reach this organization
- Money network: 1488 filed money-flow records
- Related organizations: 1487 filed related-organization links
- 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.
- High — Transparency & Controls: Foreign activity oversight scored 0/100.
- Moderate — Financial Efficiency: Fundraising efficiency scored 46/100.
- Moderate — Sustainability: Officer compensation ratio scored 38/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.