microgrants ar 2016 17 v4 · 2017-09-29 · letter from our leaders microgrants mission how it...
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ANNUALANNUALANNUALANNUALANNUALANNUALANNUALREPORTREPORTREPORTREPORTREPORT201620162016
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LETTER FROM OUR
LEADERS
MicroGrants
MISSION
HOW IT
WORKS
Dear Stakeholders:
We issued just over 700 grants in 2016, a 55% increase over the previous year. A major reason is that several large grants were received in the last weeks of 2015, for a record total of $926,000. But those funds came too late to be used in 2015. Instead, a large carry-over fueled our record-breaking 2016 grant making. We fully expect to equal 700 grants again in 2017.
Our Partner Agencies told us that they could more than double their grantee-prospects without any compromise in the quality of their qualifi cations. That meant, there were hundreds of people, who did not apply for grants, only because of the limit of our resources. In addition, there were a dozen aspiring Partner Agencies, each with additional people of potential, waiting in the wings to become partners. Consequently, our 250 additional grants were so quickly absorbed by the overwhelming demand.
We also improved our transportation grant-making in a new partnership with Bobby and Steve’s Auto World. They restore and sell road-worthy, used cars to our grantees, at an average of 35% below market value. In addition, we increased our $1,000 transportation grants to $1,400, their estimated minimum for purchasing a serviceable vehicle. So, our grantees are no longer vulnerable to the proverbial Used Car Salesman, the lemon that fails right off the lot or the cheaply acquired, used car that just sits there because of unfeasible repair costs.
In this season of political and funding uncertainties, some things remain constant. Our high-potential grantees continue to need a timely boost. Generous donors, like you, continue to reach back and provide a hand-up. And MicroGrants continues to connect you both, effi ciently and economically. We are triangulating for transformation.
Cordially,
To spur economic self-suffi ciency by giving
strategic grants to low-income people of
potential through Partner Agencies.
We receive generous donations from our supporters
Our partner agencies recommend their best qualifi ed clients as possible grant recipi-ents
We review grant applications and fund qualifying requests
Our partner agencies mentor the recipients and oversee use of the grant
The partner agencies follow up with the recipients and report the results to MicroGrants
Don SamuelsCEO
Joe Selvaggio Chair of the Board
Joe Selvaggio
1
African Development Center of Minnesota
American Dream Law
BiiGiiWiin Community Development/American Indian Community Development
Bolder Options
Bridge for Youth
Daily Work
Emerge Community Development
Franciscan Outreach
Goodwill Easter Seals of MN
Incarnation Church Jeremiah Program
Metropolitan Consortium of Community Developers (MCCD)
Metropolitian Economic Development Association (MEDA)
Midtown Global Market
Minneapolis Urban League
MN Family Justice Center
Northside Achievement Zone (NAZ)
Neighborhood Development Center (NDC)
Partnership Academy
PRISM
Project for Pride in Living (PPL)
Ramsey County Workforce Solutions
Resource, Inc. / Women Achieving New Directions (WAND)
Salvation Army – Booth Brown House
St Paul Housing Authority
St Paul Youth Services
Summit Academy OIC
TechDump/Jobs Foundation (logo in dropbox)
Think Small
Twin Cities Rise!
Wilder Foundation
WomenVenture
ChicagoSt. Pius V Parish,
Habitat for Humanity
Providence House
Grace Place
St Matthew’s House
Goodwill Industries
Lorenzo Walker Technical College
Shared missions
and distinct roles
makes MicroGrants
work! Partner
agencies select,
coach and track
the progress of
grant recipients.
MicroGrants’ on site
visits, evaluations,
and annual partner
summits fuel new
ideas and growth.
Self-suffi ciency of
low-income people
continues to grow.
AGENCIES WE CALL
PARTNERS
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t only 22 years old, Jerry has a clear vision of being a successful business owner. Working with EMERGE, Jerry graduated property management training and along the way, saw himself as a
property owner too. His grant helped him cover the tuition of his real estate classes and license. Jerry declares, “I now own a property management company and a property! While I’m growing my management company, I intend to sell a certain number of houses each year. I am on track for success, and I acknowledge that my successes aren’t solely based upon my efforts and hard work but upon my accountability to others and the relationships I’ve built.”
When Adrian founded his online shoe store, XLFeet.com, that caters to people with extra-large feet, he was meeting a need in the marketplace
that he had encountered since his shoe size exceeded his age at 16. In order to add top of the line dress shoes to his products, he was required to place an order for a dozen pairs and pay in advance to open the account. He knew that carrying this shoe would open new avenues of business for him. MEDA recognized that the $1,000 MicroGrant would be just the catalyst he needed to get the business moving forward and submitted an application on Adrian’s behalf. It allowed Adrian’s entrepreneurial spirit as well as the company’s annual gross sales to grow.
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2016 FEATURED GRANTEES
JERRY
EVANS
ADRIAN
COULTER
PATRICE
SMITH
W
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A GRATEFUL GRANTEEDear MicroGrants:
I would like to take the time out and thank everyone
that was involved in the process of approving me for
the microgrant. The decision you all made on my behalf
was a once in a lifetime opportunity. I am now a proud
business owner, words cannot describe the feeling I have. The microgrant
changed my life overnight, I am able to leave behind a legacy for my children.
I can now show my kids that hard work and dedication can make all the
difference in the world. My sons will know what it is like to earn a decent
living, while teaching my daughters to never give up. Because you all gave me
a chance and considered my need and said yes to granting me a second chance
I am ever so grateful. I asked for a boost to get me going in the direction I
needed, I thank you all for the help and believing in my dream, my idea, and
really helping! I cannot thank you enough, I must apologize for not thank you
all soon enough. However, right after receiving the grant I took a portion of the
money and paid HomeAdvisors for the lead generation service they provide for
professionals and since then I have had endless work for my company. I have
been so busy with my janitorial service I have not had any time to formally
write a thank you letter. The rest of the grant went to supplies and insurance so
the janitorial service could run effi ceitnely. I did not expect things to take off so
fast. I am ever so grateful to everyone at MicroGrants, the staff and the donors
and the founder. Thank you! Thank you! Thank you!
Sincerely,
Quentin McKnight
McKnight Unlimited Services
76
2016 2015
Unrestricted Temporarily restricted Total Total
Support and Revenues
Individual contributions $382,478 $382,478 $378,257
Foundations and donor-advised funds. $300,499 $215,292 $515,791 $506,938
Event income
Corporate contributions $31,157 $31,157 $903
Investment income $2,755 $2,755
Net assets released $161,954 $(161,954) $-
Total support and revenues $878,843 $53,338 $932,181 $926,297
Expenses
Grants/Program services $784,984 $784,984 $525,232
Support services
Management and general $79,270 $79,270 $85,764
Fundraising $146,843 $146,843 $131,496
Total expenses $1,011,097 $- $1,011,097 $742,492
Change in Net Assets $(132,254) $53,338 $(78,916) $183,805
Net Assets
Beginning of year $707,715 $95,380 $803,095 $619,290
End of year $575,461 $148,718 $724,179 $803,095
2016
FINANCIALS2017 2016
Assets
Current Assets
Cash & cash equivalents & total current assets $726,254 $828,703
Equipment at cost
Less accumulated depreciation of $3,382 $4,216 $1,633
Prepaid Insurance $826 $389
$731,296 $830,725
Liability and Net Assets
Current Liability
Accounts payable and total current liability $7,117 $27,630
Net assets
Unrestricted $575,461 $707,715
Temporarily restricted $148,718 $95,380
$731,296 $830,725
STATEMENT OF FINANCIAL POSITION Year ended December 31, 2016
TOTAL INCOME $929,427
STATEMENT OF ACTIVITIES Year ended December 31, 2016
$900k
$800k
$700k
$600k
$500k
$400k
$300k
$200k
$100k
$0
2006
2007
2008
2009
2010
2011
2013
2014
2015
2012
In 2016, total revenues were comparable to 2015 as we focused on increasing our impact on the community by streamlining distribution of funds to keep up with a diverse and changing society. Micro Grants increased monetary dissemination to indivuals by 33%.
Autumn, 2016 was dedicated to developing new programs to diversify our impact. The “Lights On” program was launched late in the year and we are already beginning to see signs of relations between police and citizens being repaired.
Total grants given from 2006 to 2016 is 3978
2016
500
400
300
200
100
0
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
98
Jorgensen, Charles & SallyJungquist Fund, David & KathyKaron, Robert I. & Stefanie M.Kaufman, Pamela K. & Keierleber,
DennisKelen, Erwin A.Kelleher, James J. & SuzanneKing Family Foundation, Peter J.King, Dr. GaryKleinBankKleinman, Jan & Santosa, FadilKonety, M.D., M.B.A. BadrinathKrisbin Foundation Trust, TheLasoff, Susan A.Lee, Steven & MelindaLees, Joanna P.Leighton, Katherine & PatrickLenzmeier, Allen & KathleenLetang, EarlsworthLippert, Theresa & Frederick K.
GrittnerLongfellow, AnnLongfellow, BarbaraLovrien, Elmer W.Macchia Family FoundationMacDonald, Jr., Robert W. & Susan B.Madden Charitable Fund, JoanMadden, Dr. JoanManthey, Mark..Marbrook Foundation, TheMargolis, Laurence J.& KarinMarkwardt, Frederic& HelenkMarx, TimMascari, Joseph A. & MarilynMauer, JaneMauriel Family FoundationMayer, Jim & JaneMcCrea Family Fund of TMF, Bob &
Polly N.McFarland Fund of TMF, Richard &
JoyceMcGee, DarleneMcGowan, JohnMclaughlin, LeonMcNair Family Fund, The Jan &
DavidtMech, David L.Meristem, LLC/Charles J. Maxwell, Jr.Mickelson Media FoundationMiller, Rebecca & Karl A. JonesMische, GeorgeMitchelson, Peter & Judith B.
HendersonMitterer, Susan E.Morgan, BrianMorrison, George H. & MaryMorrison, Jack & ChrisMorton, Philip A.
Moss, Paul
Murphy Family Fund, TMF, David & Patty .
Nelson, MargaretNewman, LeonardNewman, P.A., Matthew B.Nguyen, Minh Tri & Vu S. DinhNorris, JaneNorth Star Fund of TMFNorthwest Area FoundationNupen, Mark S. & Rita C.Nystrom, Suzanne B.O’Connell, Michael J. & Keller, CindyO’Connor, EdO’Rourke, Michael & AnneOlson, Mary JoOlzenak, Randy M.Oppegard, Mark & LisaOpus FoundationPadilla Court FundPage, Gregory & CynthiaParekh, Bharat M.Parker, JoshuaPearlstein, MitchPepin, Jr., Richard G. & Suzanne J.Peris, Jose A. & Gulden, DianaPeterson, Dale E. & Bridget A.Pham, Viet Nhu & Molly HendricksPhillips, Alicia Plonski, PatrickPluhar, ElisaPouliot, Ted & Mary JoPratt Family Fund of TMFRappaport, Gary & SusanRazidlo, ConradReid, George McKayReiling, William & JoanneRenaissance Charitable Foundation,
IncRice, AliceRitvo, Roberta A. & Lynn R. L. RitvoRoberts, PatRock, Thomas G. & Raphan, MelissaRolnick, ArtRoth, JimRustad, James W. & Kay A. ThomasSanchez, Samuel & Michelle L.Sanders Rev. Trust, The MiriamSchoen, Milton A.Schoppert, Bill & WendySchulze Family Foundation, Richard
M.Sell, Jack & SusanSelvaggio, Joe Selvaggio, Sam.
Selvaggio, Sharon
Senn, Charles A. & PatriciaShoop, Michael & Prudden, JoyceSilver, David & AllnSipkins, AliSlack, KaySlowinski Fund of TSPF, Emil J &
Emily D.Smikis FoundationSoucie, Linda B.St. Anthony, NealSt. Luke Presbyterian ChurchStandard Heating & Air ConditioningStanton, Jill M.Steiner, James P. & Tracy K.Stephen, Sr. Family FoundationStratton, ThomasStreitz, Thomas & MichelleSwain, Tom H. & Arlene M.Tank Hill Fund of TMFTarget CorporationThomas, Kay A.Thompson, Lynne W.Thompson, Peter J.Tovo, AaronTown, Dr. Louise A.Ulseth, Anne Q.Vig, GaryVincent, JoAnnVon Blon, JoAnneVos, RuthanneWagner, Dennis L. & Debra J.Wahlstrom, CharmaineWaldo, James & AliceWard & Ward CompanyWark, David & Mary AnnWarth, TomWatson - ForsbergWayne Family Foundation, TheWeber, Marlys J.Weisner, Ben & Margaret RogWelch, E. Thomas & Rita D.Welna Hardware, IncWelter, MarkWerness, Margaret B.White, Thomas & DarleneWiener Fund of Headwaters Fndt.,
BarbraWilliams, CEO, PaulWurtele Family Fund, Angus &
MargaretYackel, John & EleanorYaeger, JasonYeager, Elizabeth
1335 FoundationAal, Esam M. & PaulaAdams, Jim & JuliaAdvance Consulting LLCAkbar, IlseAmplatz, CarolineAnderson, Daniel W. & AliceAnderson, NancyAndreas Foundation, L & NAnkeny Fund of TMF, Pete & MargieAnonymousAnson, Peter W. & Sally AnkenyArthur, AlanBachman, KarenBaig, Asim & NatalyBaker FoundationBaratz Family Foundation, Inc.Barstow, KristineBassett, James W. & Mary L.Beard, William H. & Barbara H.Benjamoin, Joann A.Benke, Donald R. & PaulineBergerson Family Fund of TMF, John
& RuthBerton, AndrewBigbee, Arnold W.Bloom, Paul R.BlueStem Holding, L.P.Bolsoni, JenniferBorer, Catherine & Dan ConlonBremer Foundation, The OttoBrookman, Mr. & Mrs.Brooks, John C.Brown, B.Brude, J.P.Buckley, ElizabethBurdick Family Fund of TMF, TheBuscis, LyndaCadwell, TedCampbell, Kathleen M.Caridad CorporationCarlson, Bruce M. & Jean A.Carlson, PaulCaroline’s Kids FoundationCarpenter, Josephine BenzCarter, MaryCauston, AmyCauston, Ron & JoanneChristenson, Michael D.
Christos, Inc.CLB FoundationCohen, Burton D. & Audrey K.Cohen, Daniel W.Cohn, MicheleCommunity Shares of MNCornwell, Ronald G. & JoanCowan, Robert L. & Judy K.Cowles, JayCowles, John & Elizabeth Page
KnudsonCraighead, Donald H. & Sandra L.Cramer, P. Doug & Theresa WeisCrolick, Sue.Crosby, L. H.Cuningham, John W. & SallyCunningham, GaryDahl, Christopher T.Dartmouth-Hitchcock HealthDavis, LincolnDayton Revocable Trust, Julia W.Dayton, Edward N. & Sherry AnnDelavie, LauraDillon, Craig & Hailey L. GabrielDonateWellDouglas & Sands Coleman Fund of
TMFDucar, Michael P. & DebbieDyer Foundation, Jaye F. & Betty F.Earley, James C & Wndy E. SharpeEgerman, JeanEichhorn, Richard E.Eisberg & Kline Charitable Fund of
TMFEittreim, Kent & JoanneElliott, Sean P. & Meghan E.Engasser, MarkEngelsma Family FoundationErickson, TracyExline, John L. & LindaFattah, Salah A. & Suzanne M.Feldman, ReynoldFetzer InstituteFilter, Kevin & Keosle RosemaryFingerhut Family FioundationFitterer, Cyril & Shirley JaneFondell, DaynaForster, Barbara L.Forsythe, Charlotte M.Foster, Helen B.Fraboni, Ron
Furek, Robert M. & Susan AGarg Family Foundation, Satya & InduGarrity Family Giving, TheGarrity, Charles E. & ArleneGeorge Family Foundation, TheGilligan FoundationGiuffre, Mary R.Glass, AaronGodfrey, Tracy & AnnGoldbarg, Stuart & Phyllis BeattyGreene, Robert A & Presberg-Greene,
SusanGreymont, Scott & Margaret HallGrieman, JohnGriffith, CharlotteGrossman, Barbara E. & Prauer,
Jeffrey EGroten, JoanneH86 Property ManagementHall, Donald & MarionHall, JanisHannan, Michael L. & Ingersoll, Mina
C.Hartman, Jim & JeanHartwell, LucyHavelin, KateHead Family Foundation, TheHedberg, John W.Heegaard Family Fund of TMF, Anne
& PeterHeegaard Family Fund, David &
JoanneHeegaard, Roger & MargeHeine, Mary AnnHendrickson Family Fund, L. H.Hewitt DA Fund of the IFF, Brad & SueHillswood FoundationHinck, John D. & Elizabeth C.Holguin Family Charitable FundHoon, DavidHoward, James A.Hughes, JohnHumphries, Jr., C. Lee & Susan Lee
GenawHunter, Christopher C. & Barb BurkeHurst Charitable Fund, JackIntelligent Financial Strategies/
Jason GIsaacs, KariJacob Family Fund, Harry & LilaJAWCOJohns, Richard L. & Laurel D..Johnson Charitable Fund, T.L. & M.D.Johnson, Bradley A.Johnson, Susan M. & LarryJones, BillJordan Living Trust, Catherine
THANK YOU TO OUR
DONORS
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NUMBERSAT A GLANCE
82%
100%
68%
99% 97%
97% of grant recipients spent their grant money as they
intended.
100% of grant recipients had achieved their goals or were in the process of doing so.
68% of grant recipients reported that their income
increased as a result of MicroGrants funding.
99% of grant recipients reported that MicroGrants increased their
quality of life. Of these, 50% reported that their quality of life
increased “substantially.”
82% of grant recipients were employed within three
months of receiving grants.
2016 DONORBREAKDOWN BY DOLLARS
$60,000 - $100,000
$30,000 - $ 59,999
$10,000 - $29,999
$1,010 - $9,999
$999 - $1,000
UNDER $998
3
4
19
56
50
161
REPLACE QUALITY OF LIFE WITH GRANTS CATEGORIES
?
KRISTINE BARSTOWInternal Operations Manager
LUIS SIOJOGrantwriter
MELISSA DEUTSCHExecutive Assistant to the CEOMicroGrants
1312
MEET THE
TEAM
ADVISORS
Community Council Members: Kristine Barstow, Ann Garrity, Susan Schneck, Joanna Lees, Pam Kaufman, Mindy Lee, Tricia, Haynes, Lynne Thompson, Barbara Grossman
The Community Council is a committed group of volunteers who meet to discuss various issues and projects related to MicroGrants. They are the force behind the annual Grantees of the Year awards.
1035 East Franklin AvenueMinneapolis MN 55404612.200.8174 [email protected] www.microgrants.net
BOARD MEMBERS:Joe Selvaggio** (chair)Tom Rock** (secretary)Jim Weichert** (treasurer)Chuck Garrity Barbara Grossman Don HallJeff Heegaard
Neda Kellogg Allen Lenzmeier** Mitch Pearlstein ** Mirela MiresanSam Selvaggio Lynne Thompson Tom Welch
(** Executive Committee Members)
VOLUNTEERS: Kristine Barstow
Adrian Coulter
Anthony Dahl
Joanne Eittriem
Kent Eittriem
Tom Fiutak
Shotsie Forsythe
Chuck Garrity
Arlene Garrity
Barb Grossman
Tricia Haynes
Peter Heegaard
Shavette Jones
Pam Kaufman
Masami Kawazato
Isha Konety
Mindy Lee
Joanna Lees
Steve Lebeau
JoAnna Lees
Al Lenzmeier
Jerri Malone
Salvador de
Montesinos
Mirela Miresan
Carolien Moors
Mitch Pearlstien
Atlantis Riley
Sam Riley
Susan Schneck
Sam Selvaggio
Mike Stephen
Lynne Thompson
Sister Joan Tuberty
Jackie Wager
Alex Wager
Lucia Zavala
Mike CiresiBurt CohenNorm ColemanJudson Dayton
Joe ErrigoArchie GivensJim GravesPeter Heegaard
Berit JohnsonSteve LeBeauArt RolnickChuck Slocum
Dane Smith Sandy Vargas
IN KIND DONORS: African Development Center Checkerboard Web DevelopmentGrafi x By Derek - Derek ThomsonHardTalk Biz CoachingHaskell’s Wines
Media Relations, Inc. Palisade Asset Mgmt. Project for Pride in Living Westwords Consulting
Sam Selvaggio Sam Selvaggio Lynne Thompson Lynne Thompson Tom Welch
Mirela Miresan
THANK YOU TO OUR GENEROUS SPONSORSTHANK YOU TO OUR GENEROUS SPONSORSTHANK YOU TO OUR GENEROUS SPONSORSTHANK YOU TO OUR GENEROUS SPONSORSTHANK YOU TO OUR GENEROUS SPONSORSTHANK YOU TO OUR GENEROUS SPONSORS
DON SAMUELS, Chief Executive Offi cerDon took over as CEO of MicroGrants in January 2016. Mr. Samuels had a 27 year career as a Toy Industry executive and entrepreneur. During this time he became active in his Jordan Neighborhood, leading to his election to the Minneapolis City Council for three terms. Don cofounded the PEACE Foundation, which became the Northside Achievement Zone (NAZ), winner of a $28.5 million federal grant to educate low-income children in North Minneapolis. Don has served on the boards of Meet Minneapolis, Twin
Cities Rise, Teach for America, Alafi a Place, Rock ‘n Read and The Hub. He is currently a director on the Minneapolis School Board.
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