Minnesota Power Foundation is a corporate foundation based in Duluth, Minnesota. Established in March 2007, it operates as a 501(c)(3) organization and is designated as a corporate foundation under the National Taxonomy of Exempt Entities (NTEE).
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$841K
-9.6% YoY
Annual Giving
$871K
+9.2% YoY
Grant Count
168
+5.0% YoY
Avg Grant Size
$5K
+4.0% YoY
Mission & Focus Areas
The foundation's primary funding focuses on:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
The foundation supports various programs and campaigns including community leadership awards and food security initiatives.
Grantmaking
The foundation primarily funds organizations in Minnesota and North Dakota.
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Geographic Focus
Where this funder awards grants
Minnesota and North Dakota
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $840,837
- Total Revenues: $803,852
- Total Expenses: $893,473
- Total Grants, Contributions: $750,000
- Investment Income and Dividends: $53,852
Historical Data (2023):
- Total Assets: $930,000
- Total Liabilities: $322,000
- Revenue: $791,000
- Expenses: $813,000
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $840,837 | $930,458 | $952,414 |
| Revenue | $803,852 | $790,757 | $758,507 |
| Expenses | $893,473 | $812,713 | $594,784 |
| Qualifying Distributions | $888,007 | $811,129 | $594,569 |
| Net Investment Income | $48,506 | $39,173 | $8,292 |
| Distributable Amount | $47,561 | $52,841 | $45,744 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Open Grants
1 open opportunity from Minnesota Power Foundation
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BETHANY OWEN | PRESIDENT | 0.5 | — |
| JEFFREY SCISSONS | TREASURER | 0.5 | — |
| AIMEE CURTIS | SECRETARY | 0.5 | — |
| GARY WHEELOCK | DIRECTOR | 0.5 | — |
| MIKE PERALA | DIRECTOR | 0.5 | — |
| MELISSA WEGLARZ | DIRECTOR | 0.5 | — |
| JOHN MUEHLBAUER | DIRECTOR | 0.5 | — |
| FRANK FREDERICKSON | DIRECTOR | 0.5 | — |
| JODI PIEKARSKI | DIRECTOR | 0.5 | — |
| ERIC CLEMENT | DIRECTOR | 0.5 | — |
| LORI HOYUM | DIRECTOR | 0.5 | — |
| MICHAEL CONRADI | DIRECTOR | 0.5 | — |
| KRISTOPHER BURAN | DIRECTOR | 0.5 | — |
| KELLY DESORMEY | VICE PRESIDENT | 0.5 | — |
| KATE VAN DAELE | SECRETARY | 0.5 | — |
Recent News & Activity
Recent developments and announcements
The foundation has supported local community initiatives including grants to Hartley Nature Center and STARBASE Minnesota – Duluth, which received $25,000 to support classroom expansion and serve additional children.
Hartley Nature Center receives $6K grant - Duluth News TribuneSubject Areas
Focus areas based on grantmaking activity
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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