Federal ID# 411429402
Boreal Waters Community Foundation
-
- Duluth Superior Area Community Foundation
- Duluth-Superior Area Community
- Boreal Waters
General Information
| Organization Type | CHARITY |
| Contact Person | Shaun Floerke |
| Address | 324 West Superior Street, Suite 700, Duluth, MN 55802 |
| Phone Number | (218) 726-0232 |
| Purpose or Description | A charitable endowment which benefits the residents of Duluth, Superior and the surrounding counties by attracting and managing contributions for our area's future; provides flexible vehicle and quality service for donors with varied philanthropic interest; identifies and effectively responds to emerging and changing community needs; serves as a resource, broker and catalyst in the area. |
| Status | Active |
| Extension | Granted |
Financial Information
For Fiscal Year Ending 12/31/2024
INCOME
| Direct Public Support | $2,370,441 |
| Government Grants | + $0 |
| Other Revenue | + $4,047,091 |
| Total Revenue | $6,417,532 |
EXPENSES
| Amount Spent for Program or Charitable Purposes | $6,281,599 |
| Management/General Expense | + $474,913 |
| Fundraising Expense | + $308,533 |
| Total Expenses | $7,065,045 |
Excess/Deficit
| Total Revenue | $6,417,532 |
| Total Expenses | - $7,065,045 |
| Excess/Deficit | $-647,513 |
End of Year Fund Bal/Net Worth
| Total Assets | $118,006,182 |
| Total Liabilities | - $7,736,696 |
| End of Year Fund Bal/Net Worth | $110,269,486 |
