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Sps Commerce Foundation is a private corporation based in MINNEAPOLIS, MN. The foundation received its IRS ruling in 2015. The principal officer is Archie Black. It holds total assets of $9.6M. Annual income is reported at $3.6M. Total assets have grown from $500K in 2015 to $8.3M in 2023. The foundation is governed by 2 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2017 to 2023. According to available records, Sps Commerce Foundation has made 4 grants totaling $2.9M, with a median grant of $743K. Annual giving has grown from $536K in 2020 to $1.9M in 2022. Individual grants have ranged from $500K to $950K, with an average award of $734K. Grant recipients are concentrated in Minnesota. Contributions to this foundation are tax-deductible.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Sps Commerce Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 4 grants. Its grantmaking reaches organizations primarily in MN.
Sps Commerce Foundation has distributed a total of $2.9M across 4 grants. The median grant size is $743K, with an average of $734K. Individual grants have ranged from $500K to $950K.
Sps Commerce Foundation typically selects its grantees rather than accepting unsolicited proposals.
Sps Commerce Foundation is headquartered in MINNEAPOLIS, MN.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Archie Black | CEO | $0 | $0 | N/A |
| Kim Nelson | CFO | $0 | $0 | N/A |
Total Giving
$26K
Total Assets
$8.3M
Fair Market Value
$8.3M
Net Worth
$8.3M
Grants Paid
N/A
Contributions
$2.3M
Net Investment Income
$260K
Distribution Amount
$333K
Total Grants
4
Total Giving
$2.9M
Average Grant
$734K
Median Grant
$743K
Unique Recipients
1
Most Common Grant
$950K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Minneapolis FoundationCOMMUNITY CHARITIES | Minneapolis, MN | $950K | 2022 |