Nonprofit · EIN 41-6031510
SAINT PAUL & MINNESOTA FOUNDATION
Tax-exempt · SAINT PAUL, MN 55102
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $210,840,402 | $139,909,503 | $70,930,899 | $1,673,986,347 | $15,291,143 | $1,658,695,204 |
| December 31, 2024 | 990 | $160,961,315 | $218,703,729 | -$57,742,414 | $1,620,727,942 | $89,241,928 | $1,531,486,014 |
| December 31, 2023 | 990 | $114,417,024 | $126,875,839 | -$12,458,815 | $1,554,597,163 | $12,359,648 | $1,542,237,515 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $94,443,953
- of which government grants
- $305,187
- Program service revenue
- $2,499,740
- Investment income
- $113,896,720
- Royalties
- $124
- Net gain from sales of assets
- $81,504,514
- Net income from fundraising events
- -$135
- Other revenue
- -$11
Expenses
- Grants and similar amounts paid
- $115,559,225
- Compensation of officers, directors and key employees
- $3,703,245
- Other salaries and wages
- $6,582,533
- Salaries, compensation and benefits (total)
- $12,333,808
- Professional fundraising fees
- $165,190
- Legal fees
- $103,053
- Accounting fees
- $180,410
- Occupancy
- $506,310
- Travel
- $21,632
- Depreciation
- $131,281
- Program services (functional)
- $123,564,219
- Management and general (functional)
- $11,725,089
- Fundraising (functional)
- $4,620,195
Balance sheet and other
- Total assets, start of year
- $1,620,727,942
- Total assets, end of year
- $1,673,986,347
- Total liabilities, end of year
- $15,291,143
- Net assets, end of year
- $1,658,695,204
- Land, buildings and equipment
- $670,064
- Publicly traded securities
- $766,329,727
- Net assets without donor restrictions
- $1,608,975,286
- Net assets with donor restrictions
- $49,719,918
- Gross unrelated business income
- $580,976
- Gross receipts
- $442,296,442
- Employees
- 85
- Volunteers
- 156
- Year formed
- 1940
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ERIC JOLLY | PREVIOUS PRESIDENT/CEO/SECRETARY Officer | 40 | $943,969 | $46,894 |
| SHANNON OLEARY | CHIEF INVESTMENT OFFICER Key employee | 40 | $573,806 | $35,168 |
| ASHLEY GAM | DIRECTOR OF INVESTMENTS Highest-paid employee | 40 | $359,377 | $55,390 |
| SCOTT ZASTOUPIL | CFO/TREASURER Officer | 40 | $316,926 | $51,171 |
| JEREMY WELLS | SVP PHILANTHROPIC SERVICES Key employee | 40 | $305,077 | $56,056 |
| MELANIE HOFFERT | CHIEF MARKETING OFFICER Key employee | 40 | $242,127 | $35,665 |
| RHONDA COX | VP OF PEOPLE AND CULTURE Key employee | 40 | $225,160 | $41,431 |
| ALFONSO WENKER | SVP OF COMMUNITY IMPACT Key employee | 40 | $219,633 | $30,768 |
| CARRIE JO SHORT | DIR OF COMMUNITY & IMPACT Highest-paid employee | 40 | $209,930 | $29,596 |
| CASEY SHULTZ | DIR OF COMMUNITY & IMPACT Highest-paid employee | 40 | $192,105 | $32,939 |
| MAI-ANH TRAN | AVP OF PHILANTHROPIC SERVICES Highest-paid employee | 40 | $203,032 | $21,294 |
| CHANDA SMITH BAKER | PRESIDENT & CEO Officer | 40 | $191,699 | $13,356 |
| TSEGA TAMENE | AVP OF COMMUNITY IMPACT Highest-paid employee | 40 | $177,198 | $24,773 |
| JOSEPH LEE | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| NANCY LYONS | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
17 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL ECHOLS | DIRECTOR Trustee or director | 1 | $0 |
| JILL FARRINGTON | DIRECTOR Trustee or director | 1 | $0 |
| CHRIS GALVIN | DIRECTOR Trustee or director | 1 | $0 |
| JACY GRAIS | DIRECTOR Trustee or director | 1 | $0 |
| MARK HENNEMAN | DIRECTOR Trustee or director | 1 | $0 |
| NAUSHEENA HUSSAIN | DIRECTOR Trustee or director | 1 | $0 |
| CHRISTOPHE BECK | DIRECTOR Trustee or director | 1 | $0 |
| DANIEL LEMM | DIRECTOR Trustee or director | 1 | $0 |
| GLORIA PEREZ | DIRECTOR Trustee or director | 1 | $0 |
| RICHARD SENESE | DIRECTOR Trustee or director | 1 | $0 |
| ALEX WEST STEINMAN | DIRECTOR Trustee or director | 1 | $0 |
| KATHY TUNHEIM | DIRECTOR Trustee or director | 1 | $0 |
| BO THAO-URABE | DIRECTOR Trustee or director | 1 | $0 |
| ALLISON GETTINGS | DIRECTOR Trustee or director | 1 | $0 |
| CHRISTINE MARVIN | DIRECTOR Trustee or director | 1 | $0 |
| DIANE TRAN | DIRECTOR Trustee or director | 1 | $0 |
| THOMPSON ADERINKOMI | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 32 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ERIC JOLLY | PRESIDENT/CEO/SECRETARY Officer | 40 | $602,528 | $202,883 |
| SHANNON OLEARY | CHIEF INVESTMENT OFFICER Key employee | 40 | $550,411 | $34,668 |
| ASHLEY GAM | DIRECTOR OF INVESTMENTS Highest-paid employee | 40 | $337,953 | $39,269 |
| JEREMY WELLS | SVP PHIL SERVICES Key employee | 40 | $286,370 | $51,410 |
| SCOTT ZASTOUPIL | CFO/TREASURER Officer | 40 | $277,724 | $35,035 |
| MELANIE HOFFERT | CHIEF MARKETING OFFICER Key employee | 40 | $235,015 | $30,903 |
| RHONDA COX | VP OF PEOPLE AND CULTURE Key employee | 40 | $206,089 | $36,984 |
| CARRIE JO SHORT | DIR OF COMMUNITY & IMPACT INVESTING Highest-paid employee | 40 | $206,699 | $27,501 |
| CASEY SHULTZ | DIR OF COMMUNITY & IMPACT INVESTING Highest-paid employee | 40 | $196,738 | $20,602 |
| MAI-ANH TRAN | AVP OF PHIL SERVICES Highest-paid employee | 40 | $177,019 | $35,971 |
| ALFONSO WENKER | SVP OF COMMUNITY IMPACT Key employee | 40 | $194,929 | $17,392 |
| VICKIE VIAENE | AVP OF FINANCE Highest-paid employee | 40 | $172,186 | $17,697 |
| DIANE TRAN | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JOSEPH LEE | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MICHAEL ECHOLS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JILL FARRINGTON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHRIS GALVIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JACY GRAIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARK HENNEMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NAUSHEENA HUSSAIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHRISTOPHE BECK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DANIEL LEMM | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NANCY LYONS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MATT MAJKA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARY JANE MELENDEZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GLORIA PEREZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MIGUEL RAMOS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RICHARD SENESE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ALEX WEST STEINMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TAREK TOMES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KATHY TUNHEIM | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BO THAO-URABE | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 36 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ERIC JOLLY | PRESIDENT AND SECRETARY Officer | 40 | $553,916 | $205,662 |
| SHANNON O'LEARY | CHIEF INVESTMENT OFFICER Key employee | 40 | $521,303 | $34,955 |
| NADEGE SOUVENIR | SVP OF OPERATIONS Key employee | 40 | $290,358 | $31,844 |
| JEREMY WELLS | SVP PHILANTHROPIC SERVICES Key employee | 40 | $268,950 | $48,668 |
| SCOTT ZASTOUPIL | CHIEF FINANCIAL OFFICER, TREASURER Officer | 40 | $237,564 | $31,841 |
| MELANIE HOFFERT | CHIEF MARKETING OFFICER Key employee | 40 | $223,182 | $28,957 |
| ANNE TAFF | VICE PRESIDENT OF PARTNERSHIPS Highest-paid employee | 40 | $170,241 | $36,273 |
| RHONDA COX | AVP OF HUMAN RESOURCES Highest-paid employee | 40 | $170,885 | $33,237 |
| CARRIE JO SHORT | SR DIRECTOR OF COMMUNITY IMPACT Highest-paid employee | 40 | $173,405 | $24,298 |
| MAI-ANH TRAN | AVP OF PHILANTHROPIC SERVICES Highest-paid employee | 40 | $172,363 | $23,875 |
| CASEY SHULTZ | DIRECTOR OF COMMUNITY & IMPACT INVESTMENT Highest-paid employee | 40 | $172,846 | $20,023 |
| ANIL HURKADLI | SVP COMMUNITY IMPACT Key employee | 40 | $168,235 | $19,289 |
| DIANE TRAN | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JOSEPH LEE | BOARD VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JANICE ANGELL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CHRISTOPHE BECK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CLARENCE BETHEA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MICHAEL ECHOLS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JILL FARRINGTON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CHRIS GALVIN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JACY GRAIS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ERIC HAMMES | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARK HENNEMAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| NAUSHEENA HUSSAIN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| NANCY LYONS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MATT MAJKA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SUSAN MARVIN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARY JANE MELENDEZ | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ADINE S MOMOH | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| GLORIA PEREZ | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MIGUEL RAMOS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| RICHARD SENESE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ALEX WEST STEINMAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TAREK TOMES | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KATHY TUNHEIM | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BO THAO-URABE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 370 WABASHA ST N STE 300, SAINT PAUL, MN 55102-1329
- Principal officer (990 for 2025)
- DANIELLE GANGELHOFF, 370 WABASHA STREET NORTH 300, ST PAUL, MN 55102
- Signed the 990
- DANIELLE GANGELHOFF, CHIEF FINANCIAL OFFICER
- Phone
- (651) 224-5463
- Website
- WWW.SPMCF.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
PURPOSE: WE INSPIRE, ADVOCATE AND INVEST TO ADVANCE COMMUNITY VISIONS. CONTINUED ON SCH O
Program accomplishments
- WE WORK WITH DONORS, PROFESSIONAL ADVISORS, NONPROFIT ORGANIZATIONS AND LOCAL LEADERS TO IDENTIFY AND SUPPORT CRITICAL NEEDS ACROSS THE STATE OF MINNESOTA. WE PARTNER WITH DONORS TO ACHIEVE THEIR CHARITABLE GOALS AS THEY ADDRESS THE ISSUES THAT ARE MOST IMPORTANT TO THEM. ADDITIONALLY, WE OFFER SEVERAL GRANTMAKING PROGRAMS THAT SUPPORT NONPROFITS, INCLUDING A TWICE-YEARLY BUILDING COMMUNITY CAPACITY GRANT PROGRAM THAT PROVIDES CRITICAL FUNDING IN SIX AREAS: COMMUNITY CONNECTEDNESS; ECONOMIC OPPORTUNITY AND SECURITY; EDUCATION; HEALTH; HOUSING AND TRANSPORTATION; AND HUMAN SERVICES AND FAMILY SUPPORT. LEARN MORE AT HTTPS://SPMCF.ORG/WHO-WE-AREExpenses $103,139,509 · grants $98,407,155 · revenue $218,234
- BY INVESTING IN COMMUNITY-LED SOLUTIONS, THE FOUNDATION SUPPORTS ORGANIZATIONS AND LEADERS ADDRESSING TIMELY ISSUES. A COMMUNITY-LED SOLUTION EXAMPLE INCLUDES THE BUSH PRIZE: MINNESOTA, WHICH IS FACILITATED IN PARTNERSHIP WITH THE BUSH FOUNDATION. THE BUSH PRIZE: MINNESOTA IDENTIFIES AND HONORS EXTRAORDINARY ORGANIZATIONS THAT CONSISTENTLY ENGAGE AND LEAD THEIR COMMUNITY TOWARD CREATIVE SOLUTIONS, PROVIDES THEM WITH FLEXIBLE SUPPORT TO KEEP DOING THAT WORK, AND SUPPORTS THEM TO AMPLIFY THEIR STORY TO INSPIRE OTHERS.Expenses $16,784,447 · grants $15,278,167
- WE SUPPORT EFFECTIVE GRANTMAKING AND PROVIDE ADMINISTRATIVE SERVICES FOR A WIDE VARIETY OF FUNDS AND FOUNDATIONS SERVING MINNESOTA AND THE EAST METRO AREA, INCLUDING DAKOTA, RAMSEY AND WASHINGTON COUNTIES.Expenses $1,766,360 · revenue $1,700,530
- 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.Expenses $1,873,903 · grants $1,873,903
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 | 990 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
- 41-6031510
- 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
- 1995
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T310)
- Assets (IRS master file)
- $1,673,986,347
- Income (IRS master file)
- $442,296,442
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $210,840,402 | $139,909,503 | $1,673,986,347 | XML |
| 990 | December 2024 | $160,961,315 | $218,703,729 | $1,620,727,942 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $114,417,024 | $126,875,839 | $1,554,597,163 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $122,971,818 | $112,915,952 | $1,457,121,171 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 41-6031510).
Questions about SAINT PAUL & MINNESOTA FOUNDATION
- What is the EIN of SAINT PAUL & MINNESOTA FOUNDATION?
- The employer identification number (EIN) of SAINT PAUL & MINNESOTA FOUNDATION is 41-6031510.
- Is SAINT PAUL & MINNESOTA FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
- Are donations to SAINT PAUL & MINNESOTA FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SAINT PAUL & MINNESOTA FOUNDATION 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 SAINT PAUL & MINNESOTA FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SAINT PAUL & MINNESOTA FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of SAINT PAUL & MINNESOTA FOUNDATION?
- The 990 for the year ended December 31, 2025 names DANIELLE GANGELHOFF.
- Who are the officers and directors of SAINT PAUL & MINNESOTA FOUNDATION?
- The 990 for the year ended December 31, 2025 lists 32 people; 13 received compensation from the organization, the highest $943,969 (ERIC JOLLY, PREVIOUS PRESIDENT/CEO/SECRETARY).
- How much revenue does SAINT PAUL & MINNESOTA FOUNDATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $210,840,402, expenses of $139,909,503 and total assets of $1,673,986,347 at year end.
Other nonprofits in SAINT PAUL
- CATHOLIC COMMUNITY FOUNDATION OF MINNESOTA EIN 41-1744184 · last filed 990 for 2025
- WILSON FOUNDATION EIN 86-3212786 · last filed 990-PF for 2024
- OTTO BREMER TRUST EIN 41-6019050 · last filed 990-PF for 2025
- VENN FOUNDATION EIN 81-4476503 · last filed 990 for 2025
- MINNESOTA STATE FAIR FOUNDATION EIN 41-2013696 · last filed 990 for 2025
- SIDNEY R BAER JR FOUNDATION EIN 43-6829338 · last filed 990-PF for 2025
- MINNESOTA COUNCIL OF NONPROFITS INC EIN 36-3501477 · last filed 990 for 2025
- IHLE FAMILY FOUNDATION EIN 84-4016587 · last filed 990-PF for 2024
All nonprofits in SAINT PAUL · Minnesota · Philanthropy, voluntarism and grantmaking foundations