Nonprofit · EIN 41-1429402
DULUTH SUPERIOR AREA COMMUNITY FOUNDATION INC
Tax-exempt · DULUTH, MN 55802
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $6,417,532 | $7,065,045 | -$647,513 | $118,006,182 | $7,736,696 | $110,269,486 |
| December 31, 2023 | 990 | -$3,259,349 | $3,953,430 | -$7,212,779 | $106,281,568 | $6,554,338 | $99,727,230 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,370,441
- Program service revenue
- $0
- Investment income
- $4,058,785
- Net gain from sales of assets
- $1,603,968
- Net income from fundraising events
- -$14,194
- Other revenue
- -$11,694
Expenses
- Grants and similar amounts paid
- $5,417,464
- Compensation of officers, directors and key employees
- $306,386
- Other salaries and wages
- $543,133
- Salaries, compensation and benefits (total)
- $995,687
- Professional fundraising fees
- $0
- Legal fees
- $2,064
- Accounting fees
- $30,835
- Occupancy
- $40,384
- Travel
- $2,673
- Depreciation
- $39,510
- Program services (functional)
- $6,281,599
- Management and general (functional)
- $474,913
- Fundraising (functional)
- $308,533
Balance sheet and other
- Total assets, start of year
- $106,281,568
- Total assets, end of year
- $118,006,182
- Total liabilities, end of year
- $7,736,696
- Net assets, end of year
- $110,269,486
- Land, buildings and equipment
- $154,217
- Publicly traded securities
- $113,720,401
- Net assets without donor restrictions
- $28,828,412
- Net assets with donor restrictions
- $81,441,074
- Gross receipts
- $16,601,587
- Employees
- 14
- Volunteers
- 240
- Year formed
- 1982
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SHAUN FLOERKE | PRESIDENT/CEO Officer | 40 | $160,958 | $49,875 |
| PAIGE FREESE | FINANCE DIRECTOR Officer | 40 | $80,404 | $15,149 |
| KERSTYN HENDRICKS | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JOSCELYN SKANDEL | CHAIR (THRU MARCH) Trustee or director, Officer | 1 | $0 | $0 |
| KATELYN BAUMANN | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MATT VAILLANT | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| DAVID MONTGOMERY | TREASURER (THRU NOVEMBER) Trustee or director, Officer | 1 | $0 | $0 |
| PATRICK HEFFERNAN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| MOIRA VILLIARD | SECRETARY (THRU JUNE) Trustee or director, Officer | 1 | $0 | $0 |
| AILEEN BEARD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BRENDA BRANNAN | TRUSTEE (THRU MARCH) Trustee or director | 1 | $0 | $0 |
| LEE JENSEN BUJOLD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JEFF COREY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| FRED FRIEDMAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ANGELA GILBERTSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SAKIB MAHMUD | TRUSTEE Trustee or director | 1 | $0 |
| PETER PFANKUCH | TRUSTEE Trustee or director | 1 | $0 |
| HEIDI SIGFRIDS | TRUSTEE Trustee or director | 1 | $0 |
| SANDRA WRIGHT | TRUSTEE Trustee or director | 1 | $0 |
| JULIAN ZEBOT | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SHAUN FLOERKE | PRESIDENT/CEO Officer | 40 | $151,569 | $26,280 |
| PAIGE FREESE | FINANCE DIRECTOR Officer | 40 | $75,419 | $8,713 |
| JOSCELYN SKANDEL | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| KERSTYN HENDRICKS | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| KORESH LAKHAN | VICE CHAIR (THRU JUNE 2023) Trustee or director, Officer | 1 | $0 | $0 |
| DAVID MONTGOMERY | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| MOIRA VILLIARD | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| KATELYN BAUMANN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BRENDA BRANNAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LEE JENSEN BUJOLD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JEFF COREY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| FRED FRIEDMAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PATRICK HEFFERNAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SAKIB MAHMUD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| NELS OJARD | TRUSTEE (THRU MAY 2023) Trustee or director | 1 | $0 | $0 |
| JANE VOGT | TRUSTEE (THRU JUNE 2023) Trustee or director | 1 | $0 | $0 |
| SANDRA WRIGHT | TRUSTEE Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 324 W SUPERIOR ST STE 700, DULUTH, MN 55802-1721
- Principal officer (990 for 2024)
- SHAUN FLOERKE, 324 W SUPERIOR STREET 700, DULUTH, MN 55802
- Signed the 990
- SHAUN FLOERKE, PRESIDENT & CEO
- Phone
- (218) 726-0232
- Return prepared by
- WIPFLI ADVISORY LLC
Mission
WE UNITE PEOPLE AND RESOURCES, DRIVING BOLD ACTION TO CREATE LASTING IMPACT FOR A BRIGHTER TOMORROW.
Program accomplishments
- IN 2024, THE COMMUNITY FOUNDATION AWARDED $4,597,558 IN GRANTS AND $819,906 IN SCHOLARSHIPS. TOTAL GRANTS AWARDED (INCLUDING INTERFUND GRANTS) FOR ALL PROGRAM AREAS WAS $5,417,464 COMPRISED OF: 27% UNRESTRICTED FUNDS, 19% DESIGNATED, 18% FIELD OF INTEREST, 5% ORGANIZATIONAL ENDOWMENTS, 15% SCHOLARSHIPS AND 16% DONOR ADVISED. THE LARGEST PROGRAM AREA SUPPORTED WAS HUMAN SERVICES WITH 38% OF GRANT FUNDS, FOLLOWED BY, 20% COMMUNITY ECONOMIC DEVELOPMENT , 15% EDUCATION, 13% IN SCHOLARSHIPS, 10% IN ENVIRONMENT, AND 4% IN ARTS. IN 2024, THE COMMUNITY FOUNDATION AWARDED $392,015 SCHOLARSHIPS FROM ENDOWED FUNDS AND $41,000 FROM 4 TEMPORARY SCHOLARSHIP FUNDS THAT THE FOUNDATION PROVIDES SCHOLARSHIP SERVICES. IN ADDITION, THE FOUNDATION PROVIDED ADMINISTRATIVE SERVICES FOR TWO AFFILIATED SCHOLARSHIPS TOTALING $244,833 WHERE ALL OF THE FUNDS ARE HELD BY A LOCAL BANK.Expenses $6,017,450 · grants $5,417,464
- IN 2024, AS PART OF ONGOING STRATEGIC PLANNING EFFORTS, BOREAL WATERS MADE SIGNIFICANT IMPROVEMENTS TO GRANTMAKING DESIGNED TO BETTER ALIGN RESOURCES WITH THE NEEDS OF THE COMMUNITIES SERVED. THIS INVOLVED RESTRUCTURING COMMITTEES TO INCLUDE COMMUNITY MEMBERS WITH LIVED EXPERIENCE AND EXPERTISE IN THE AREAS WHERE FUNDS ARE DIRECTED (E.G., CHILDHOOD POVERTY, MISSING A SENSE OF BELONGING, ETC.). THE FOCUS AREAS OF OPPORTUNITY, RESILIENCE, BELONGING AND TRANSFORMATION WERE BETTER DEFINED THROUGH COMMUNITY FEEDBACK AND RESEARCH TO ENSURE EFFORTS ARE IMPACTFUL AND SUSTAINABLE. THE SECOND REQUEST FOR PROPOSALS WAS ALSO MADE MORE ACCESSIBLE BY CREATING A LETTER OF INTENT PROCESS, WHICH ALLOWED FOR US TO GET BACK TO ORGANIZATIONS FASTER. THESE CHANGES ARE PART OF THE BROADER STRATEGY TO ENHANCE THE EFFECTIVENESS AND REACH OF BOREAL WATER'S GRANTMAKING, ENSURING THAT NOT ONLY NEEDS ARE MET, BUT EFFORTS FOCUS ON MEANINGFUL, LASTING IMPROVEMENTS.BOREAL WATERS CONTINUED TO BE RESPONSIVE TO COMMUNITY NEEDS AND OPPORTUNITIES. LEADERSHIP INITIATIVES WERE DEVELOPED WITH COLLABORATING ORGANIZATIONS, SUCH AS NONPROFITS AT NOON, BE ON BOARD, AND OTHER PROGRAMS TO HELP NONPROFITS BUILD SKILLS AND PROVIDE PROFESSIONAL DEVELOPMENT. ADDITIONAL COMMUNITY LEADERSHIP SOUGHT TO FILL A GAP FOR LOCAL NONPROFITS IN RECRUITING VOLUNTEERS TO SERVE AS TRUSTEES. COMMUNITY IMPACT PROGRAMMING IS IN ADDITION TO BOREAL WATERS ON-GOING GRANT AND SCHOLARSHIP ACTIVITY.Expenses $264,149
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 41-1429402
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1982
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T310)
- Assets (IRS master file)
- $118,006,182
- Income (IRS master file)
- $16,601,587
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $6,417,532 | $7,065,045 | $118,006,182 | XML |
| 990 | December 2023 | -$3,259,349 | $3,953,430 | $106,281,568 | XML |
| 990 | December 2022 | $8,134,379 | $5,435,857 | $89,696,300 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 41-1429402).
Questions about DULUTH SUPERIOR AREA COMMUNITY FOUNDATION INC
- What is the EIN of DULUTH SUPERIOR AREA COMMUNITY FOUNDATION INC?
- The employer identification number (EIN) of DULUTH SUPERIOR AREA COMMUNITY FOUNDATION INC is 41-1429402.
- Is DULUTH SUPERIOR AREA COMMUNITY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1982.
- Are donations to DULUTH SUPERIOR AREA COMMUNITY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DULUTH SUPERIOR AREA COMMUNITY FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of DULUTH SUPERIOR AREA COMMUNITY FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DULUTH SUPERIOR AREA COMMUNITY FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of DULUTH SUPERIOR AREA COMMUNITY FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names SHAUN FLOERKE.
- Who are the officers and directors of DULUTH SUPERIOR AREA COMMUNITY FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 20 people; 2 received compensation from the organization, the highest $160,958 (SHAUN FLOERKE, PRESIDENT/CEO).
- How much revenue does DULUTH SUPERIOR AREA COMMUNITY FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $6,417,532, expenses of $7,065,045 and total assets of $118,006,182 at year end.
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