SPS Commerce Foundation
SPS Commerce Foundation is a private foundation, based in Minneapolis, MN. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $10.8M in total assets. In 2025, it awarded 1 grant totaling $2.1M. Net investment income was $392K.
SPS Commerce Foundation at a glance
In short: SPS Commerce Foundation gave $2.1M across 1 grant in 2025 (avg $2.1M), mostly in Minnesota. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $2,112,500
- -7.8% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $2,112,500
- -7.8% vs 2024
- Median grant
- $2,112,500
- Total assets
- $10,834,677
- +13.0% vs 2024
- Primary geography
- Minnesota (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who SPS Commerce Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Minneapolis Foundation ($2.1M).
Grant Size Distribution
4 grants across all recorded years
The most common grant size was in the $500K–1M range: 2 grants of 4 (50%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How SPS Commerce Foundation gives
- Giving grew 122% from 2022 to 2025. Method
- In 2025 it paid out 428% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $500K (2021) to $2.3M (2024). In 2025 it made 1 grant totaling $2.1M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Minneapolis Foundation Minneapolis, MN | Community Charities | $2,112,500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $10,834,677 | $3,392,093 | $2,148,285 | $2,112,500 | 1 | $2,142,081 | $392,093 | $500,517 |
| 2024 | $9,590,219 | $3,593,022 | $2,327,332 | $2,290,000 | 1 | $2,320,047 | $337,022 | $392,130 |
| 2023 | $8,324,981 | $2,560,349 | $26,050 | — | — | $25,598 | $260,349 | $332,779 |
| 2022 | $5,790,230 | $2,781,599 | $987,182 | $950,000 | 1 | $987,182 | $31,599 | $182,100 |
| 2021 | $4,045,813 | $2,454,761 | $512,141 | $500,000 | 1 | $500,000 | $4,761 | $125,025 |
| 2020 | $2,153,193 | $1,804,787 | $543,978 | $535,533 | 1 | — | $4,601 | $46,191 |
Under IRS private-foundation payout rules, SPS Commerce Foundation reported a distributable amount of $501K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
SPS Commerce Foundation is led by Chad Collins, CEO & President on every filing since 2024; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Chad Collins
CEO & President
On filings since 2024
1 hr/week
No compensation reported
Archie Black
Executive Chair
CEO → Executive Chair, 2024
On filings since 2020
1 hr/week
No compensation reported
Kim Nelson
CFO
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about SPS Commerce Foundation
How much does SPS Commerce Foundation give each year?
SPS Commerce Foundation gave $2.1M across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $2.3M across 1 grant.
How large is SPS Commerce Foundation?
SPS Commerce Foundation reported $10.8M in total assets on its 2025 IRS Form 990-PF. It paid out $2.1M in qualifying distributions that year, against a required minimum of $501K (roughly 5% of its investment assets).
Where does SPS Commerce Foundation operate?
SPS Commerce Foundation has awarded grants in Minnesota.
What is SPS Commerce Foundation's EIN?
SPS Commerce Foundation's EIN (Employer Identification Number) is 47-3948294. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 13, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS July 20, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 15, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 7, 2025)
- Added Form 990-PF for fiscal year 2020 (received by the IRS March 23, 2021)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 12, 2026)
- IRS filings on file for fiscal years 2021–2024
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