New Ulm Area Foundation Inc
THE MISSION OF NEW ULM AREA FOUNDATION IS TO ADDRESS THE NEEDS OF THE COMMUNITY BY GROWING THE ENDOWMENTS FUNDS AND PROVIDING FINANCIAL GRANTS FROM THE EARNINGS OF THOSE FUNDS. THE FOUNDATION FOCUSES ITS GRANT FUNDING IN THE AREAS OF THE ARTS, EDUCATION, ECONOMIC DEVELOPMENT AND HISTORIC PRESERVATION.
Key facts about New Ulm Area Foundation Inc
- EIN
- 46-4703262
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $113,895
- Grants made (2024)
- 5
- Average grant
- $22,779
- Median grant
- $15,000
- Total assets
- $3,463,011
- Primary geography
- Minnesota (48% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who New Ulm Area Foundation Inc funds
By grant dollars, the top recipient states for New Ulm Area Foundation Inc's 5 itemized 2024 grants were Minnesota (48%). The most frequent recipient cities were New Ulm, MN (4 grants). None of its 5 grants with a stated purpose were described as general or operating support. Recurring purposes include "Program Service" (4 grants).
How New Ulm Area Foundation Inc gives
- Giving grew 27% from 2021 to 2024. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with New Ulm Area Foundation Inc
- How to evaluate New Ulm Area Foundation Inc as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.5M
+11.4% YoY
Annual Giving
$114K
+16.8% YoY
Grant Count
5
+400.0% YoY
Avg Grant Size
$23K
-76.6% YoY
About New Ulm Area Foundation Inc
Based on IRS filings
New Ulm Area Foundation Inc is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in New Ulm, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.5M in total assets. In 2024, it awarded 5 grants totaling $114K. Net investment income was $190K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 5 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,463,011 | $3,109,821 | $2,700,111 |
| Revenue | $511,975 | $315,039 | $2,407,935 |
| Expenses | $340,845 | $261,238 | $195,668 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $189,829 | $60,540 | $64,574 |
| Distributable Amount | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
9 grants across all recorded years
Open Grants
5 open opportunities from New Ulm Area Foundation Inc
Charlotte Raymond Anderson Teaching Scholarship
New Ulm Area Foundation Inc
Amount
$5,000
Deadline
Rolling / Open
Kathleen 'Kitty' Bartl Memorial Scholarship
New Ulm Area Foundation Inc
Amount
Varies
Deadline
Rolling / Open
New Ulm Area Foundation Scholarship (General)
New Ulm Area Foundation Inc
Amount
Varies
Deadline
Rolling / Open
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Various New Ulm Area Non-Profits ($58,900), New Ulm Ministerial Assoc ($20,000), New Ulm Chamber of Comm Fdn ($15,000).
| Recipient | Purpose | Amount |
|---|---|---|
| VARIOUS NEW ULM AREA NON-PROFITS | SEE MISSION STMT | $58,900 |
| NEW ULM MINISTERIAL ASSOC New Ulm, MN | PROGRAM SERVICE | $20,000 |
| NEW ULM CHAMBER OF COMM FDN New Ulm, MN | PROGRAM SERVICE | $15,000 |
| ISD 88 New Ulm, MN | PROGRAM SERVICE | $10,000 |
| LIND HOUSE ASSOCIATION New Ulm, MN | PROGRAM SERVICE | $9,995 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Lisa Besemer | Director | 1 | — |
| Carisa Buegler | Director | 1 | — |
| Gene Clark | Director | 1 | — |
| Dustan Cross | Director | 1 | — |
| Shari Fischer | Director | 1 | — |
| Shannon Hillesheim | Vice Preside | 2 | — |
| Zach Jensen | Director | 1 | — |
| Mike Lieb | Director | 1 | — |
| Jenna Peterson | Secretary/Tr | 2 | — |
| Kathy Van Roekel | President/Di | 2 | — |
| Colleen Skillings | Director | 1 | — |
| Bob Webb | Director | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is New Ulm Area Foundation Inc?
New Ulm Area Foundation Inc is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in New Ulm, MN. It holds $3.5M in total assets as of 2024.
How large is New Ulm Area Foundation Inc?
As of 2024, New Ulm Area Foundation Inc holds $3.5M in total assets with $512K in annual revenue. It awarded 5 grants totaling $114K in 2024.
Where does New Ulm Area Foundation Inc operate?
New Ulm Area Foundation Inc has awarded grants in Minnesota.
What size grants does New Ulm Area Foundation Inc award?
In 2024, New Ulm Area Foundation Inc awarded 5 grants totaling $114K — an average of about $23K per grant, based on its IRS Form 990 filings.
What is New Ulm Area Foundation Inc's EIN?
New Ulm Area Foundation Inc's EIN (Employer Identification Number) is 46-4703262. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.