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Minnesota · Private foundation

Walter C Rasmussen - Northeast Bank Foundation

Its FY2024 filing reports that it accepted unsolicited grant applications.

$408k
Granted FY2024(still arriving)
133
Grants FY2024
120
Organizations funded FY2023
13%
First-time grantees FY2023
Read the full brief
Median grant, FY2024
$1,000
Largest grant, FY2024
$56,000
Organizations funded a year
90 to 120
FY2019 to FY2023
States reached, FY2024
2
Total assets, FY2024
$88k
Applications
Takes unsolicited applications
Per its most recent filing; check its own site

How open it is to new grantees

In FY2023, 13% of the organizations Walter C Rasmussen - Northeast Bank Foundation funded were first-time grantees, receiving 6% of its grant dollars.

New vs renewed · share of each year

In FY2023, 94% of grant dollars renewed an existing relationship; $15k went to new ones.

50%100%’20’21’22’23
RenewedFirst-time

Where new relationships form · theme of each grantee’s first grant

’20’21’22’23
EducationHealthPhilanthropyHuman ServicesCommunity ImprovementHousing & ShelterOther
How this is measured
First-time means a grantee’s first year in the filing window; renewed means funded in an earlier year too. The renewed share climbs naturally as a portfolio matures, so the signal is a year that bucks it (a wave of new grantees). The earliest year is left-censored: relationships that predate the data read as new. Theme is the grantee’s IRS cause.
The numbers by year
Fiscal yearOrganizations fundedTo those organizationsFirst-time grantees
FY2024still arriving130$408k10%
FY2023120$234k13%
FY2022112$242k13%
FY2021108$221k10%
FY2020101$212k22%
FY201990$129kn/a
96% classified

What it funded, over time

Every grant placed by its stated purpose and the recipient’s mission, by year, FY2019 to 2024.

Community Improvement$482kHealth$207kEducation$198kHuman Services$176kHousing & Shelter$111kReligion$57kCivil Rights$37kPhilanthropy$36kOther$0

Top grantees

Largest recipients by total granted, FY2019 to FY2024, and the share of each one’s budget the grants supplied at peak.

Show all 96 grantees
All grantees of Walter C Rasmussen - Northeast Bank Foundation by total granted
GranteeTotal grantedYearsShare of their budget
Beta Group$124,00049%
East Side Neighborhood Services Inc$88,96161%
Metropolitan Consortium of Community Developers$60,50060%
Lee Carlson Center for Mental Health & Well-Being$56,00061%
Allina Health Foundation$51,50030%
The Camden Promise$34,2506n/a
Catholic Eldercare$24,00060%
My Very Own Bed$20,00051%
The Dwelling Place$19,00060%
Greater Metropolitan Housing Corporation$18,50060%
Womenventure$18,00060%
Metropolitan Economic Development Association$18,00060%
Rise Incorporated$18,00060%
Neighborhood Healthsource$18,00060%
Hospitality House Youth Development$13,50060%
Children's Dental Services Inc$13,00060%
American Craft Council$12,00060%
Aeon$12,00060%
City of Lakes Community Land Trust$12,00060%
Housing in Action Inc$12,00060%
Anoka County Community Action Program Inc$10,00040%
Anoka Technical College Foundation$10,00060%
Anoka-Ramsey Community College Foundation$10,00061%
The Constellation Fund$9,50040%
Wishes & More$9,30040%
Minnesota Youth Athletic Services$8,50060%
Prodeo Academy Charter School #4213$8,25060%
Anoka Hennepin Educational Foundation Incorporated$7,60051%
Impact Services Inc$7,00050%
Achieve Services Inc$6,50060%
Project for Pride in Living Inc$6,25060%
Clare Housing$6,25060%
Sojourner Truth Academy$6,00060%
The Banyan Foundation$6,00060%
Northeast Community Development Corporation$6,00062%
Minnesota Brain Injury Alliance$6,00060%
Community Partners with Youth$6,00060%
Northside Achievement Zone$6,00060%
Northeast Youth & Family Services$5,50060%
Alexandra House Inc$5,00060%
Fresh Energy$4,50020%
Love to Grow On$4,50060%
The Link$4,50050%
Mercy Hospital Foundation$4,50033%
Propel Nonprofits$4,50040%
Metro Deaf School Inc$3,75050%
Metro Schools$3,50050%
HOPE 4 Youth$3,50060%
Eastside Meals on Wheels Inc$3,00060%
Accessability Inc$3,00060%
A Chance to Grow$3,00060%
Crest View Foundation$3,00062%
Merjent Foundation$3,000310%
Chorus Polaris Incorporated$3,0006n/a
Maria Pew Family Foundation Dba Maria's Voice$3,00031%
Holy Cross Catholic Church$3,0006n/a
Demo Inc$3,0001n/a
Womens Life Care Center$3,00030%
Accord$3,00050%
Hmong College Prep Academy$3,00050%
True North Family Foundation$2,75041%
Kaleidoscope Charter School No 4118$2,50050%
North Star Community Rowing$2,50051%
Yinghua Academy$2,50050%
Mounds View Public$2,5005n/a
Midway Star Academy$2,25030%
Hope Dental Clinic$2,00030%
Latino Economic Development Center$2,00020%
Language Central Inc$2,00023%
Metro Blooms$2,00030%
Way to Grow$2,00040%
West Bank Community Development Corporation$2,00020%
African Development Center$2,00020%
Twinwest Chamber Foundation$2,00020%
Moneyweave Academy$2,0002n/a
Cars for Neighbors Inc$1,60060%
The Cookie Cart$1,50060%
Universal Academy$1,50020%
Columbia Heights Public Schools$1,5002n/a
Aspire Academy$1,50030%
Wildflyer Coffee$1,25030%
Feed My Starving Children Inc$1,25050%
Hennepin Health Foundation$1,00010%
Minnesota Teen Challenge Inc$1,00020%
Coon Rapids Community Scholarship$1,00010%
Colon Cancer Coalition Inc$1,00020%
The Family Partnership$98710%
Northside Boxing Club Inc$81610%
Project Success$75030%
Prepare and Prosper$50010%
Brown Boys Benefit$50010%
Arena Dances Inc$50010%
Steller Kindness Project$5001n/a
Local Initiatives Support Corporation$25010%
Community Emergency Assistance Programs Inc$25010%
Northern Star Council$25010%

What it could do for these grantees

Plus 70 recipients with no EIN on record ($534k), not named here.

Where it is load-bearing

Each grantee by its size and the share of its budget Walter C Rasmussen - Northeast Bank Foundation supplied at peak.

25%50%75%100%$100k$1.0M$10M$100Mgrantee revenue →↑ funder's share of their budgetBeta Group: $124,000 over 4y, 9.2% of budgetEast Side Neighborhood Services Inc: $88,961 over 6y, 0.7% of budgetMetropolitan Consortium of Community Developers: $60,500 over 6y, 0.3% of budgetLee Carlson Center for Mental Health & Well-Being: $56,000 over 6y, 1.0% of budgetAllina Health Foundation: $51,500 over 3y, 0.1% of budgetCatholic Eldercare: $24,000 over 6y, 0.0% of budgetMy Very Own Bed: $20,000 over 5y, 1.2% of budgetThe Dwelling Place: $19,000 over 6y, 0.4% of budgetGreater Metropolitan Housing Corporation: $18,500 over 6y, 0.2% of budgetWomenventure: $18,000 over 6y, 0.1% of budgetMetropolitan Economic Development Association: $18,000 over 6y, 0.1% of budgetRise Incorporated: $18,000 over 6y, 0.0% of budgetNeighborhood Healthsource: $18,000 over 6y, 0.1% of budgetHospitality House Youth Development: $13,500 over 6y, 0.3% of budgetChildren's Dental Services Inc: $13,000 over 6y, 0.0% of budgetAmerican Craft Council: $12,000 over 6y, 0.1% of budgetAeon: $12,000 over 6y, 0.0% of budgetCity of Lakes Community Land Trust: $12,000 over 6y, 0.1% of budgetHousing in Action Inc: $12,000 over 6y, 0.1% of budgetAnoka County Community Action Program Inc: $10,000 over 4y, 0.0% of budgetAnoka Technical College Foundation: $10,000 over 6y, 0.4% of budgetAnoka-Ramsey Community College Foundation: $10,000 over 6y, 0.6% of budgetThe Constellation Fund: $9,500 over 4y, 0.1% of budgetWishes & More: $9,300 over 4y, 0.2% of budgetMinnesota Youth Athletic Services: $8,500 over 6y, 0.1% of budgetProdeo Academy Charter School #4213: $8,250 over 6y, 0.0% of budgetAnoka Hennepin Educational Foundation Incorporated: $7,600 over 5y, 0.5% of budgetImpact Services Inc: $7,000 over 5y, 0.2% of budgetAchieve Services Inc: $6,500 over 6y, 0.0% of budgetProject for Pride in Living Inc: $6,250 over 6y, 0.0% of budgetClare Housing: $6,250 over 6y, 0.0% of budgetSojourner Truth Academy: $6,000 over 6y, 0.0% of budgetThe Banyan Foundation: $6,000 over 6y, 0.1% of budgetNortheast Community Development Corporation: $6,000 over 6y, 2.4% of budgetMinnesota Brain Injury Alliance: $6,000 over 6y, 0.0% of budgetCommunity Partners with Youth: $6,000 over 6y, 0.3% of budgetNorthside Achievement Zone: $6,000 over 6y, 0.0% of budgetNortheast Youth & Family Services: $5,500 over 6y, 0.0% of budgetAlexandra House Inc: $5,000 over 6y, 0.1% of budgetFresh Energy: $4,500 over 2y, 0.0% of budgetLove to Grow On: $4,500 over 6y, 0.1% of budgetThe Link: $4,500 over 5y, 0.0% of budgetMercy Hospital Foundation: $4,500 over 3y, 2.5% of budgetPropel Nonprofits: $4,500 over 4y, 0.0% of budgetMetro Deaf School Inc: $3,750 over 5y, 0.0% of budgetMetro Schools: $3,500 over 5y, 0.0% of budgetHOPE 4 Youth: $3,500 over 6y, 0.1% of budgetEastside Meals on Wheels Inc: $3,000 over 6y, 0.2% of budget

Tap a dot to name the grantee.

How this is measured
Share of budget is the funder’s grant in a year over the grantee’s total revenue that year, at its highest across the years we hold; revenue is from all sources. Only grantees confirmed against their own filings, whose grants do not exceed their revenue, are plotted: the largest 88.

Nonprofits that may fit its grantmaking

Co-funders

Grantmakers whose grantees overlap with this funder’s far more than size alone predicts. Closer means stronger alignment; arcs show where they also fund each other. Here they form a tightly interlocked group: most of these funders back each other's grantees too.

Otto Bremer TrustMN73.3× affinity44 shared granteesties to 11 of 11Hover any node to trace its alignments.Compare side by side →

Open a dossier: Otto Bremer Trust · The Minneapolis Foundation · Saint Paul & Minnesota Foundation · The Richard M Schulze Family Foundation · Greater Twin Cities United Way · Target Foundation · Fr Bigelow Foundation · Connexus Energy Foundation · Xcel Energy Foundation · The McKnight Foundation · Pohlad Family Foundation · Allina Health System

How this is measured
Affinity is a Gamma-Poisson posterior co-funding rate, re-centered on the typical rate, so thin evidence shrinks toward no signal. Overlap is association, not proof of shared intent.

Compare Walter C Rasmussen - Northeast Bank Foundation with peer funders

Warm introductions · Powered by PlinthPlus

How do I get to Walter C Rasmussen - Northeast Bank Foundation?

Find your warmest path to Walter C Rasmussen - Northeast Bank Foundation through trustees and officers whose names appear on both boards. Search for your organization and Plinth traces the shortest route it can evidence.

Each link is a name appearing on two organizations’ public IRS 990 filings, matched on that name and, where the filings support it, on location. A same-state match has geographic support, which is a second matching feature rather than confirmation that the two are one person; a cross-state one is the likeliest to be two people who share a name. Every hop shows its tier, low-confidence and distant paths are held back rather than guessed, and it is worth confirming the person before you use the introduction.

About Walter C Rasmussen - Northeast Bank Foundation

How much does Walter C Rasmussen - Northeast Bank Foundation give?
Walter C Rasmussen - Northeast Bank Foundation reported 133 grants totaling $407,739 in its FY2024 IRS filing. It funded between 90 and 120 organizations a year over FY2019 to FY2023.
What does Walter C Rasmussen - Northeast Bank Foundation fund?
By grant dollars over FY2019 to FY2024, its largest causes are Community Improvement (33%), Health (14%), Education (14%).
Who are Walter C Rasmussen - Northeast Bank Foundation's largest grantees?
By total granted over FY2019 to FY2024: Beta Group ($124k), East Side Neighborhood Services Inc ($89k), Metropolitan Consortium of Community Developers ($61k).
Does Walter C Rasmussen - Northeast Bank Foundation fund new organizations?
In FY2023, 13% of the organizations it funded were first-time grantees.
Does Walter C Rasmussen - Northeast Bank Foundation accept unsolicited applications?
Its most recent filing reports that it accepts unsolicited grant applications.
Which funders back the same organizations as Walter C Rasmussen - Northeast Bank Foundation?
Its strongest co-funders, measured against what their size predicts, include Otto Bremer Trust, The Minneapolis Foundation, Saint Paul & Minnesota Foundation.
Where is Walter C Rasmussen - Northeast Bank Foundation based?
Walter C Rasmussen - Northeast Bank Foundation is based in MN.

On method. Every financial figure here is read from IRS e-file XML, the funder’s own 990/990-PF, and from the multi-year returns of the 166 grantees we resolved, each linked to its source. Grantee outcomes are each organization’s own program-service reporting (Form 990, Part III), read as association with funding, never as caused by it. Low-confidence name matches are suppressed rather than guessed. How we build these →

How this is measured
Each figure carries one of six labels. Filed is what the funder reported on its return. Official is another government record about an organization, such as a federal award or a charity register, joined by name where no shared identifier exists. Resolved is an identity we worked out where the filing named a recipient without an EIN, kept only above a measured confidence threshold. Computed is arithmetic over those, like themes, portfolio clusters and co-funder strength. Context is a statistic about a place rather than about an organization, which is what the need overlay is: it describes the area a grantee’s address sits in, not where its work lands. Inferred is drawn by a model from text, like the partnerships read out of public news and organization websites. Each is labeled where it appears.

Generated from the IRS Form 990-PF e-file return for fiscal year 2024, released 2024. Filings run roughly 12 to 24 months behind; figures are dated accordingly.

Source object · view filing

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