Minnesota Colon And Rectal Foundation

Minneapolis, MN
Tax-exempt since Jan. 1992
EIN: 41-1697334

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Type of Nonprofit

Designated as a 501(c)(3) 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: Medical Research N.E.C. (NTEE)

Donations to this organization are tax deductible.

Revenue

$317k (2024)

Expenses

$329k (2024)

Total Assets

$3.9M (2024)

Total Liabilities

$151k (2024)

Source: Form 990 tax filings from 2012 to 2024

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
2024

Revenue

$317,272

Expenses

$328,985

Net Income

-$11,713

Net Assets

$3,746,973

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$15,400	4.9%
Interest Revenue	$0
Dividends	$67,289	21.2%
Sales of Assets	$224,653	70.8%
Other Income	$9,930	3.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$159,330	48.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,897,963
Total Liabilities	$150,990
Net Assets	$3,746,973

Compensation

Key Employees and Officers	Compensation	Other
Michael Spencer (President)	$0	$0
Mark Sun (Secretary/Treasurer)	$0	$0
Christopher Chow (Director)	$0	$0
Stanley Goldberg (Director)	$0	$0

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990-PF

Filed on April 7, 2025

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending June
2023

Revenue

$176,334

Expenses

$256,982

Net Income

-$80,648

Net Assets

$3,591,104

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$10,676	6.1%
Interest Revenue	$0
Dividends	$61,018	34.6%
Sales of Assets	$100,020	56.7%
Other Income	$4,620	2.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$207,925	80.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,619,145
Total Liabilities	$28,041
Net Assets	$3,591,104

Compensation

Key Employees and Officers	Compensation	Other
Michael Spencer (Chairman/Ceo)	$0	$0
Mark Sun (Secretary/Treasurer)	$0	$0
Christopher Chow (Director)	$0	$0
Stanley Goldberg (Director)	$0	$0

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990-PF

Filed on Feb. 16, 2024

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending June
2022

Revenue

$286,705

Expenses

$237,461

Net Income

$49,244

Net Assets

$3,502,599

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$3,728	1.3%
Interest Revenue	$0
Dividends	$62,063	21.6%
Sales of Assets	$220,914	77.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$192,952	81.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,527,562
Total Liabilities	$24,963
Net Assets	$3,502,599

Compensation

Key Employees and Officers	Compensation	Other
Michael Spencer (President)	$0	$0
Mark Sun (Secretary/Treasurer)	$0	$0
Christopher Chow (Director)	$0	$0
Stanley Goldberg (Director)	$0	$0

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990-PF

Filed on Nov. 18, 2022

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Fiscal Year Ending June
2021

Revenue

$233,782

Expenses

$56,261

Net Income

$177,521

Net Assets

$4,067,917

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$16,157	6.9%
Interest Revenue	$0
Dividends	$61,145	26.2%
Sales of Assets	$156,480	66.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$15,156	26.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$4,104,480
Total Liabilities	$36,563
Net Assets	$4,067,917

Compensation

Key Employees and Officers	Compensation	Other
Michael Spencer (President)	$0	$0
Mark Sun (Secretary/Treasurer)	$0	$0
Dave Willis (Director)	$0	$0
Stanley Goldberg (Director)	$0	$0
Kerry Mraz (Director)	$0	$0

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990-PF

Filed on March 31, 2022

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Fiscal Year Ending June
2020

Revenue

$56,575

Expenses

$53,703

Net Income

$2,872

Net Assets

$3,390,609

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$3,405	6.0%
Program Services	$6,000	10.6%
Investment Income	$63,721	> 100%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$16,551
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	$3,399,913
Total Liabilities	$9,304
Net Assets	$3,390,609

Compensation

Key Employees and Officers	Compensation	Related	Other
Stanley Goldberg (Board Member)	$0	$0	$0
Kerry Mraz (Board Member)	$0	$0	$0
David Willis (Board Member)	$0	$0	$0
Michael Spencer (President)	$0	$0	$0
Mark Sun (Secretary/Tr)	$0	$0	$0

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990

Filed on Dec. 15, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending June
2019

Revenue

$186,603

Expenses

$64,892

Net Income

$121,711

Net Assets

$3,170,091

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$3,986	2.1%
Program Services	$86,093	46.1%
Investment Income	$62,007	33.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$34,517	18.5%
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	$3,193,569
Total Liabilities	$23,478
Net Assets	$3,170,091

Compensation

Key Employees and Officers	Compensation	Related	Other
Stanley Goldberg (Board Member)	$0	$0	$0
Kerry Mraz (Board Member)	$0	$0	$0
David Willis (Board Member)	$0	$0	$0
Michael Spencer (President)	$0	$0	$0
Mark Sun (Secretary/Tr)	$0	$0	$0

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990

Filed on May 15, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending June
2018

Revenue

$93,861

Expenses

$101,551

Net Income

-$7,690

Net Assets

$2,726,127

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$6,016	6.4%
Program Services	$5,240	5.6%
Investment Income	$62,386	66.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$461	0.5%
Sales of Assets	$19,758	21.1%
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	$2,764,961
Total Liabilities	$38,834
Net Assets	$2,726,127

Compensation

Key Employees and Officers	Compensation	Related	Other
Stanley Goldberg (Board Member)	$0	$0	$0
Kerry Mraz (Board Member)	$0	$0	$0
David Willis (Board Member)	$0	$0	$0
Michael Spencer (President)	$0	$0	$0
Mark Sun (Secretary/Tr)	$0	$0	$0

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990

Filed on March 15, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending June
2017

Revenue

$279,426

Expenses

$360,611

Net Income

-$81,185

Net Assets

$2,672,844

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$3,290	1.2%
Program Services	$120,923	43.3%
Investment Income	$58,636	21.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$2,417	0.9%
Sales of Assets	$94,160	33.7%
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	$2,745,969
Total Liabilities	$73,125
Net Assets	$2,672,844

Compensation

Key Employees and Officers	Compensation	Related	Other
Michael Spencer (President)	$0	$0	$0
Mark Sun (Secretary/Treasurer)	$0	$0	$0
Stanley Goldberg (Board Member)	$0	$0	$0
Kerry Mraz (Board Member)	$0	$0	$0
David Willis (Board Member)	$0	$0	$0

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990

Filed on Feb. 16, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending June
2016

Revenue

$382,923

Expenses

$231,727

Net Income

$151,196

Net Assets

$2,670,178

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$5,850	1.5%
Program Services	$217,206	56.7%
Investment Income	$54,280	14.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$1,619	0.4%
Sales of Assets	$103,968	27.2%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$13,977	6.0%

Assets/Debt
Total Assets	$2,783,598
Total Liabilities	$113,420
Net Assets	$2,670,178

Compensation

Key Employees and Officers	Compensation	Related	Other
Michael Spencer (President)	$0	$0	$0
Mark Sun (Secretary/Treasurer)	$0	$0	$0
Stanley Goldberg (Board Member)	$0	$0	$0
Kerry Mraz (Board Member)	$0	$0	$0
David Willis (Board Member)	$0	$0	$0

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990

Filed on Aug. 24, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending June
2015

Revenue

$548,450

Expenses

$370,131

Net Income

$178,319

Net Assets

$2,523,081

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$6,678	1.2%
Program Services	$341,440	62.3%
Investment Income	$47,375	8.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$1,732	0.3%
Sales of Assets	$151,225	27.6%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$69,019	18.6%

Assets/Debt
Total Assets	$2,578,398
Total Liabilities	$55,317
Net Assets	$2,523,081

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Michael Spencer (President)	$0	$0	$0
Mark Sun (Secretary/Treasurer)	$0	$0	$0
Stanley Goldberg (Board Member)	$0	$0	$0
Kerry Mraz (Board Member)	$0	$0	$0
David Willis (Board Member)	$0	$0	$0
Douglas Berglund (Board Member)	$0	$0	$0

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990

Filed on Oct. 15, 2015

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Fiscal Year Ending June
2014

Revenue

$465,601

Expenses

$409,906

Net Income

$55,695

Net Assets

$2,392,192

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$8,027	1.7%
Program Services	$367,315	78.9%
Investment Income	$44,207	9.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$1,680	0.4%
Sales of Assets	$44,372	9.5%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$102,692	25.1%

Assets/Debt
Total Assets	$2,515,734
Total Liabilities	$123,542
Net Assets	$2,392,192

Compensation

Key Employees and Officers	Compensation	Related	Other
Michael Spencer (President)	$0	$0	$0
Richard Karulf (Secretary/Treasurer)	$0	$0	$0
Douglas Berglund (Board Member)	$0	$0	$0
Tom Hanson (Board Member)	$0	$0	$0
David Willis (Board Member)	$0	$0	$0
Stanley Goldberg (Board Member)	$0	$0	$0

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990

Filed on Sept. 24, 2014

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Fiscal Year Ending June
2013

Revenue

$896,555

Expenses

$603,866

Net Income

$292,689

Net Assets

$2,110,004

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$3,612	0.4%
Program Services	$793,335	88.5%
Investment Income	$39,843	4.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$1,525	0.2%
Sales of Assets	$48,240	5.4%
Net Inventory Sales	$0
Other Revenue	$10,000	1.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$138,926	23.0%

Assets/Debt
Total Assets	$2,240,761
Total Liabilities	$130,757
Net Assets	$2,110,004

990

Filed on Sept. 26, 2013

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending June
2012

Revenue

$542,913

Expenses

$450,106

Net Income

$92,807

Net Assets

$1,700,374

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$4,673	0.9%
Program Services	$458,004	84.4%
Investment Income	$37,191	6.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	-$4,700
Sales of Assets	$47,729	8.8%
Net Inventory Sales	$0
Other Revenue	$16	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$131,322	29.2%

Assets/Debt
Total Assets	$1,899,297
Total Liabilities	$198,923
Net Assets	$1,700,374

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.

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Minnesota Colon And Rectal Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $317k (2024)

Expenses $329k (2024)

Total Assets $3.9M (2024)

Total Liabilities $151k (2024)

Tax Filings by Year

Fiscal Year Ending June 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending June 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending June 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending June 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending June 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending June 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending June 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending June 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

Revenue

$317k (2024)

Expenses

$329k (2024)

Total Assets

$3.9M (2024)

Total Liabilities

$151k (2024)

Fiscal Year Ending June
2024

Fiscal Year Ending June
2023

Fiscal Year Ending June
2022

Fiscal Year Ending June
2021

Fiscal Year Ending June
2020

Fiscal Year Ending June
2019

Fiscal Year Ending June
2018

Fiscal Year Ending June
2017

Fiscal Year Ending June
2016

Fiscal Year Ending June
2015

Fiscal Year Ending June
2014

Fiscal Year Ending June
2013

Fiscal Year Ending June
2012

Fiscal Year Ending June
2011

Fiscal Year Ending June
2010

Fiscal Year Ending June
2009

Fiscal Year Ending June
2008

Fiscal Year Ending June
2007

Fiscal Year Ending June
2006

Fiscal Year Ending June
2005

Fiscal Year Ending June
2004

Fiscal Year Ending June
2003

Fiscal Year Ending June
2002