Nonprofits›Minnesota Black Collective Foundation

Community Foundations

Minnesota Black Collective Foundation

MINNEAPOLIS, MN

WebsiteView as a funder

Total revenue

$2.8M

Total expenses

$2.1M

Net assets

$5.0M

Grants received

$6.5M

18 grants

EIN

883613546

Tax year

2024

Mission

Build black philanthropic power to strengthen the ecosystem of black-led social, political, and economic change in Minnesota and beyond.

Financials

FY 2024

Revenue

Contributions & grants$2.7M
Program service revenue—
Investment income$129K
Other revenue—
Total revenue$2.8M

Expenses

Grants paid$1.0M
Salaries & benefits$403K
Fundraising$229K
Other expenses$639K
Total expenses$2.1M
Total assets$5.2M
Net assets$5.0M

People

7 listed

NameRoleCompensation

Lulete Mola

Secretary, President, Co-Founder & Corp Member

Board

$170K

40 hrs/wk

Chanda Smith Baker

Treasurer (Jan-Mar), Corp Member

Board

$74K

2 hrs/wk

Shawntera Hardy

Board Member

Board

—

1 hrs/wk

Rachel Hardeman

Board Member

Board

—

1 hrs/wk

Repa Mekha

Chair (Jan-Mar), Corp Member

Board

—

2 hrs/wk

Aretha Green-Rupert

Chair/Secretary

Board

—

2 hrs/wk

Jai Winston

Treasurer

Board

—

2 hrs/wk

Grants received

Showing 18 of 18

FromAmountPurposeYear
The McKnight Foundation
$200K
to provide legal tools, training, guidance, and other supports to MN organizations advancing racial equity
2024
THE MINNEAPOLIS FOUNDATION
$152K
DONOR ADVISED, GENERAL
2024
SAINT PAUL & MINNESOTA FOUNDATION
$56K
MULTIPLE GRANTS FOR MULTIPLE PURPOSES
2024
AMERICAN ENDOWMENT FOUNDATION
$50K
GENERAL OPERATING SUPPORT
2024
MORTENSON FAMILY FOUNDATION
$40K
UNRESTRICTED
2024
HEADWATERS FOUNDATION FOR JUSTICE
$25K
GENERAL OPERATING SUPPORT
2024
Jerome Foundation Inc
$25K
Support for the MN LEAD (Legal, Education, Advocacy, and Defense) program.
2024
Women's Foundation of Minnesota
$8K
general operating support in honor of Lulete Mola; general operating support
2024
LOUIS & MARY KAY SMITH FAMILY FOUNDATION
$4K
GENERAL SUPPORT
2024
RAIKES FOUNDATION
$2K
GENERAL OPERATING SUPPORT
2024
NEXUS COMMUNITY PARTNERS
$3.3M
General operating
2023
TARGET FOUNDATION
$1.5M
ECONOMIC OPPORTUNITY - HOMETOWN (ECOSYSTEM)
2023
Thrivent Financial for Lutherans
$1M
General Support
2023
FIDELITY INVESTMENTS CHARITABLE GIFT FUND
$21K
For grant recipient's exempt purposes
2023
Women's Foundation of Minnesota
$12K
general operating support to advance work and mission as it aligns with the Rest Up Awards; to support the learning and development of summer intern; to support in honor of co-founders Chanda Smith Baker and Lulete Mola
2023
The McKnight Foundation
$5K
For general operating support in honor of Ms. Chanda Smith Baker's visionary leadership
2023
MARGARET A CARGILL FOUNDATION
$3K
EMPLOYEE SERVICE AWARD
2023
HEADWATERS FOUNDATION FOR JUSTICE
$100K
GENERAL OPERATING SUPPORT
2022

Funded by

$6.5M from 15 funders · 18 grants · 2022–2024

Nexus Community Partners

$3.3M · 1 grant · 2023

Target Foundation

$1.5M · 1 grant · 2023

Thrivent Financial for Lutherans

$1M · 1 grant · 2023

The McKnight Foundation

$205K · 2 grants · 2023–2024

The Minneapolis Foundation

$152K · 1 grant · 2024

Headwaters Foundation For Justice

$125K · 2 grants · 2022–2024

Saint Paul & Minnesota Foundation

$56K · 1 grant · 2024

American Endowment Foundation

$50K · 1 grant · 2024

Details

EIN883613546
NTEE codeT31
Subsection03
Ruling date2023-01
Formed2022
Employees4
Volunteers10
MINNESOTA BLACK COLLECTIVE FOUNDATION — Mission, Financials & Grants Received | Grantivo