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Minnesota Real Estate Foundation

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Public Foundations (NTEE)

Donations to this organization are tax deductible.

Details

According to its June 2023 tax filing, this nonprofit:

Operated a donor-advised fund
Organization maintained a donor-advised fund or similar account through which donors could direct the distribution or investment of funds. Details are reported on Schedule D.

Summary charts: organization finances over time

Revenue
$3.19k (2023)

Expenses
$631 (2023)

Total Assets
$602k (2023)

Total Liabilities
$496k (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,188
Expenses
$631
Net Income
$2,557
Net Assets
$105,520
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $3,188
100%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $601,672
Total Liabilities $496,152
Net Assets $105,520
Other
Operated a donor-advised fund
Compensation
Key Employees and Officers Compensation Related Other
Leigh Lenzmeier (Director) $0 $0 $0
Brian Zimny (Vice Chair) $0 $0 $0
David Werschay (Chair) $0 $0 $0
John Herges (Ex Officio Cg Board Chair) $0 $0 $0
James Ringwald (Ex Officio Cg Treasurer) $0 $0 $0
Scott Hamak (Director) $0 $0 $0
Steven Joul (President & Ceo) $0 $223,821 $20,330
Greta Stark Kraker (Cmcf Executive Director) $0 $115,348 $10,973
Elise Wiener (Cg Chief Financial Officer) $0 $134,581 $11,450
Sara Carlson (Wacf Executive Director) $0 $109,697 $31,377

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,498
Expenses
$623
Net Income
$3,875
Net Assets
$102,963
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $4,498
100%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $615,813
Total Liabilities $512,850
Net Assets $102,963
Other
Operated a donor-advised fund
Compensation
Key Employees and Officers Compensation Related Other
Rod Osterloh (Treasurer) $0 $0 $0
Leigh Lenzmeier (Director) $0 $0 $0
Brian Zimny (Vice Chair) $0 $0 $0
David Werschay (Chair) $0 $0 $0
Allen Bright (Secretary) $0 $0 $0
John Herges (Ex Officio Cg Board Chair) $0 $0 $0
James Ringwald (Ex Officio Cg Treasurer) $0 $0 $0
Scott Hamak (Director) $0 $0 $0
Steven Joul (President & Ceo) $0 $214,884 $19,522
Kathy Grochow (Cg Director Of Community Programs) $0 $100,260 $8,458
Elise Wiener (Cg Director Of Finance & Investments) $0 $125,886 $10,724
Sara Carlson (Wacf Executive Director) $0 $102,413 $28,762

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,438
Expenses
$16,971
Net Income
-$12,533
Net Assets
$99,088
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $4,438
100%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $714,578
Total Liabilities $615,490
Net Assets $99,088
Other
Operated a donor-advised fund
Compensation
Key Employees and Officers Compensation Related Other
Rod Osterloh (Treasurer) $0 $0 $0
Leigh Lenzmeier (Director) $0 $0 $0
Brian Zimny (Vice Chair) $0 $0 $0
David Werschay (Chair) $0 $0 $0
Allen Bright (Secretary) $0 $0 $0
Bruce Pohlig (Ex Officio Cg Board Chair) $0 $0 $0
James Ringwald (Ex Officio Cg Treasurer) $0 $0 $0
Scott Hamak (Director) $0 $0 $0
Steven Joul (President & Ceo) $0 $203,093 $19,336
Caryl Turnow (Cmcf Executive Director) $0 $116,021 $25,696
Elise Wiener (Cg Director Of Finance & Investments) $0 $119,309 $10,971
Karl Samp (Blacf Executive Director) $0 $101,253 $11,213

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,388
Expenses
$1,158
Net Income
$3,230
Net Assets
$111,621
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $4,388
100%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $680,448
Total Liabilities $568,827
Net Assets $111,621
Other
Operated a donor-advised fund
Compensation
Key Employees and Officers Compensation Related Other
Rod Osterloh (Director) $0 $0 $0
Leigh Lenzmeier (Director) $0 $0 $0
Brian Zimny (Vice Chair) $0 $0 $0
David Werschay (Chair) $0 $0 $0
Allen Bright (Secretary) $0 $0 $0
Bruce Pohlig (Ex Officio Cg Board Chair) $0 $0 $0
James Ringwald (Ex Officio Cg Treasurer) $0 $0 $0
Scott Hamak (Director) $0 $0 $0
Steven Joul (President & Ceo) $0 $190,619 $18,659
Caryl Turnow (Cmcf Executive Director) $0 $110,205 $20,429
Elise Wiener (Cg Director Of Finance & Investments) $0 $111,735 $6,630

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,513
Expenses
$757
Net Income
$3,756
Net Assets
$108,391
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $4,513
100%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $703,812
Total Liabilities $595,421
Net Assets $108,391
Other
Operated a donor-advised fund
Compensation
Key Employees and Officers Compensation Related Other
Rod Osterloh (Director) $0 $0 $0
Leigh Lenzmeier (Director) $0 $0 $0
Brian Zimny (Vice Chair) $0 $0 $0
David Werschay (Chair) $0 $0 $0
Allen Bright (Secretary) $0 $0 $0
Jim Roelofs (Ex Officio Community Giving Chair) $0 $0 $0
James Ringwald (Ex Officio Community Giving Treasurer) $0 $0 $0
Scott Hamak (Director) $0 $0 $0
Steven Joul (President & Ceo) $0 $185,241 $17,621

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,773
Expenses
$1,248
Net Income
$3,525
Net Assets
$104,635
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $4,773
100%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $792,026
Total Liabilities $687,391
Net Assets $104,635
Other
Operated a donor-advised fund
Compensation
Key Employees and Officers Compensation Related Other
Rod Osterloh (Director) $0 $0 $0
Leigh Lenzmeier (Director) $0 $0 $0
Brian Zimny (Vice Chair) $0 $0 $0
David Werschay (Chair) $0 $0 $0
Allen Bright (Secretary) $0 $0 $0
Jim Roelofs (Ex Officio Community Giving Chair) $0 $0 $0
Colette Carlson (Ex Officio Community Giving Treasurer) $0 $0 $0
Scott Hamak (Director) $0 $0 $0
Steven Joul (President & Ceo) $0 $173,876 $13,540

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$14,195
Expenses
$2,230
Net Income
$11,965
Net Assets
$101,110
Notable Sources of Revenue Percent of Total Revenue
Contributions $9,252
65.2%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $4,943
34.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $810,622
Total Liabilities $709,512
Net Assets $101,110
Other
Operated a donor-advised fund
Compensation
Key Employees and Officers Compensation Related Other
Rod Osterloh (Director) $0 $0 $0
Leigh Lenzmeier (Director) $0 $0 $0
Brian Zimny (Vice Chair) $0 $0 $0
David Werschay (Chair) $0 $0 $0
Allen Bright (Secretary) $0 $0 $0
Maryanne Mahowald (Ex Officio Community Giving Chair) $0 $0 $0
Colette Carlson (Ex Officio Community Giving Treasurer) $0 $0 $0
Scott Hamak (Director) $0 $0 $0
Steven Joul (President & Ceo) $0 $165,036 $12,946

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,262
Expenses
$2,221
Net Income
$3,041
Net Assets
$89,145
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $30
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $5,232
99.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $843,618
Total Liabilities $754,473
Net Assets $89,145
Other
Operated a donor-advised fund
Compensation
Key Employees and Officers Compensation Related Other
Rod Osterloh (Director) $0 $0 $0
Leigh Lenzmeier (Director) $0 $0 $0
Brian Zimny (Vice Chair) $0 $0 $0
David Werschay (Chair) $0 $0 $0
Allen Bright (Secretary) $0 $0 $0
Maryanne Mahowald (Ex Officio Community Giving Board Chai) $0 $0 $0
Colette Carlson (Ex Officio Community Giving Treasurer) $0 $0 $0
Steven Joul (President) $0 $164,901 $10,819

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$896,666
Expenses
$481,899
Net Income
$414,767
Net Assets
$86,104
Notable Sources of Revenue Percent of Total Revenue
Contributions $674,063
75.2%
Program Services $0
Investment Income $26
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $1,750
0.2%
Net Fundraising $0
Sales of Assets $15,310
1.7%
Net Inventory Sales $0
Other Revenue $205,517
22.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $870,300
Total Liabilities $784,196
Net Assets $86,104
Other
Operated a donor-advised fund
Compensation
Key Employees and Officers Compensation Related Other
Andrew Steil (Director) $0 $0 $0
Rod Osterloh (Director) $0 $0 $0
Chris Hauck (Director) $0 $0 $0
Leigh Lenzmeier (Director) $0 $0 $0
James Beste (Treasurer) $0 $0 $0
Brian Zimny (Vice Chair) $0 $0 $0
David Werschay (Chair) $0 $0 $0
Allen Bright (Secretary) $0 $0 $0
Dennis Gregory (Ex Officio Cmcf Board Chair) $0 $0 $0
Keith Finstad (Ex Officio Cmcf Finance Chair) $0 $0 $0
Steven Joul (President) $0 $154,423 $10,400

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$44,364
Expenses
$96,895
Net Income
-$52,531
Net Assets
$715,376
Notable Sources of Revenue Percent of Total Revenue
Contributions $44,707
> 100%
Program Services $0
Investment Income $24
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $2,188
4.9%
Net Fundraising $0
Sales of Assets -$8,300
Net Inventory Sales $0
Other Revenue $5,745
12.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,011,897
Total Liabilities $1,296,521
Net Assets $715,376
Other
Operated a donor-advised fund
Compensation
Key Employees and Officers Compensation Related Other
Andrew Steil (Director) $0 $0 $0
Chris Hauck (Director) $0 $0 $0
Leigh Lenzmeier (Director) $0 $0 $0
Allen Bright (Director) $0 $0 $0
Rod Osterloh (Director) $0 $0 $0
Dennis Gregory (Ex Officio Cmcf Board Chair) $0 $0 $0
Keith Finstad (Ex Officio Cmcf Finance Chair) $0 $0 $0
James Beste (Treasurer) $0 $0 $0
Brian Zimney (Vice Chair) $0 $0 $0
Devid Werschay (Chair) $0 $0 $0
Steven Joul (President) $0 $152,933 $13,000

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
-$34,545
Expenses
$883,357
Net Income
-$917,902
Net Assets
$767,907
Notable Sources of Revenue Percent of Total Revenue
Contributions $85,555
Program Services $0
Investment Income $8,303
Bond Proceeds $0
Royalties $0
Rental Property Income $1,750
Net Fundraising $0
Sales of Assets -$142,000
Net Inventory Sales $0
Other Revenue $11,847
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,056,484
Total Liabilities $1,288,577
Net Assets $767,907

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$307,438
Expenses
$147,258
Net Income
$160,180
Net Assets
$1,685,809
Notable Sources of Revenue Percent of Total Revenue
Contributions $622,231
> 100%
Program Services $0
Investment Income $7,707
2.5%
Bond Proceeds $0
Royalties $0
Rental Property Income -$50,500
Net Fundraising $0
Sales of Assets -$272,000
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,995,910
Total Liabilities $1,310,101
Net Assets $1,685,809

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,620,818
Expenses
$854,431
Net Income
$766,387
Net Assets
$1,541,629
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,649,613
> 100%
Program Services $0
Investment Income $1,513
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income -$30,724
Net Fundraising $0
Sales of Assets -$12,709
Net Inventory Sales $0
Other Revenue $13,125
0.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $96,559
11.3%
Assets/Debt
Total Assets $3,250,177
Total Liabilities $1,708,548
Net Assets $1,541,629

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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