Skip to content
Walter C Rasmussen - Northeast Bank Foundation at a glance

· Private foundation

Walter C Rasmussen - Northeast Bank Foundation

Its FY2024 filing reports that it accepted unsolicited grant applications.

$408k
Granted FY2024still arriving
133
Grants FY2024still arriving
2
States reached
$56k
Largest
01What it fundsRead
02The needRead
03Its granteesRead
04Its fieldRead
05Through PlinthRead
01What it funds
0196% 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
02FY2024 · 133 grants

Where the money goes

Grants by size, and the largest recipients.

By grant size · FY2024

  • Under $10k124 grants · $168k
  • $10k–50k8 grants · $184k
  • $50k–250k1 grant · $56k
$1,000
Median grant
2
States reached
$88k
Total assets
Largest grants
RecipientAmount
EAST SIDE NEIGHBORHOOD SERVICES$56,000
THE BETA GROUP$45,000
SACA$29,000
THE CAMDEN PROMISE$27,500
ALLINA HEALTH FOUNDATION$25,000
LEE CARLSON CENTER$24,000
MY VERY OWN BED$13,000
SACA$10,500
FRIENDS OF RAMSEY LIBRARY (NB)$10,000
ISD #13$8,536
THE DWELLING PLACE$6,500
METROPOLITAN ECONOMIC DEVELOPMENT ASSOC$5,000
MINNESOTA MEDICAL FOUNDATION$5,000
CATHOLIC ELDERCARE$5,000
WOMEN VENTURE$5,000
02The need
03

Does the money reach high-need areas?

Each grant placed by the hardship in its grantee’s ZIP, against the area’s typical level.

show:

Its human-services grants (FY19–24, $225k) land where the poverty rate runs at 9%, against an area that typically sits at 7%. 100% of those dollars go to grantees based in above-average-need neighborhoods. Most of its grants land in higher-need ZIPs.

area typical 7%LEE CARLSON CENTER: $24k → 7%LEE CARLSON CENTER: $13k → 7%LEE CARLSON CENTER: $10k → 7%LEE CARLSON CENTER: $3k → 7%Lee Carlson Center: $3k → 7%LEE CARLSON CENTER: $3k → 7%WISHES & MORE: $3k → 7%WISHES & MORE: $2k → 7%Wishes & More: $2k → 7%WISHES & MORE: $2k → 7%THE LINK: $1k → 11%THE LINK: $1k → 11%THE LINK: $1k → 11%THE LINK: $1k → 11%ANOKA COUNTY COMMUNITY ACTION PROGRAM: $3k → 7%ANOKA COUNTY COMMUNITY ACTION PROGRAM: $3k → 7%ANOKA COUNTY COMMUNITY ACTION PROGRAM: $3k → 7%ANOKA COUNTY COMMUNITY ACTION PROGRAM: $3k → 7%Project for Pride in Living: $1k → 11%ALEXANDRA HOUSE: $2k → 7%ACHIEVE SERVICES: $2k → 7%ALEXANDRA HOUSE: $2k → 7%PROJECT FOR PRIDE IN LIVING: $1k → 11%ACHIEVE SERVICES: $1k → 7%ACHIEVE SERVICES: $1k → 7%ALEXANDRA HOUSE: $1k → 7%PROJECT FOR PRIDE IN LIVING: $1k → 11%ACHIEVE SERVICES: $1k → 7%Achieve Services: $1k → 7%PROJECT FOR PRIDE IN LIVING: $1k → 11%ACHIEVE SERVICES: $1k → 7%PROJECT FOR PRIDE IN LIVING: $1k → 11%PROJECT FOR PRIDE IN LIVING: $1k → 11%THE DWELLING PLACE: $7k → 7%THE DWELLING PLACE: $7k → 7%THE DWELLING PLACE: $2k → 7%AFRICAN DEVELOPMENT CENTER: $1k → 11%THE DWELLING PLACE: $2k → 7%THE DWELLING PLACE: $2k → 7%The Dwelling Place: $2k → 7%AFRICAN DEVELOPMENT CENTER: $1k → 11%EAST SIDE NEIGHBORHOOD SERVICES: $56k → 11%EAST SIDE NEIGHBORHOOD SERVICES: $9k → 11%East Side Neighborhood Services: $6k → 11%EAST SIDE NEIGHBORHOOD SERVICES: $6k → 11%EAST SIDE NEIGHBORHOOD SERVICES: $6k → 11%EAST SIDE NEIGHBORHOOD SERVICES: $6k → 11%CLARE HOUSING: $2k → 11%0%20%40%50%more need →
grant to an above-average-need area below average· circle size = grant amount
How this is measured
Matched: human-services grants are those whose grantee’s IRS cause code is Human Services. Placed by people below the poverty line in the grantee’s ZIP, averaged from the tracts in that ZIP.
How this is measured
US grants placed by each grantee’s ZIP, which can differ from where services are delivered. Need from public data (U.S. Census/ACS, CDC PLACES, Eviction Lab, USDA), shown as context about the area, never attributed to the funder’s giving.
03Its grantees
repeat funding

Who it funds again

Organizations funded in more than one year, against those funded once.

98%of every dollar goes to organizations it has funded before.
$1.4M · 138 repeat orgs$25k to everyone else

Grantees it renews have grown median revenue +34% since the first grant, against +24% for those funded once.

138 repeat relationships: 117 still active in FY2024, 21 since wound down; 13 grantees were first funded in FY2024 (too recent to call).

How the two cohorts compare

Re-uppedFunded once

Organizations

138
15

Total granted

$1.4M
$11k

Median revenue growth · since first grant

+34%
+24%

Still filing today

54%
20%

New vs renewed · share of each year

In FY2024, 97% of grant dollars renewed an existing relationship; $14k went to new ones.

50%100%’19’20’21’22’23’24
RenewedFirst-time

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

’19’20’21’22’23’24
Human ServicesEducationPhilanthropyHealthCommunity 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.

Backed again, and grew

  • MC
    METROPOLITAN CONSORTIUM OF COMMUNITY DEVELOPERS
    6× · 2019–2024 · $61k · revenue +130%
  • AH
    ALLINA HEALTH FOUNDATION
    3× · 2022–2024 · $52k · revenue +26%
  • CE
    CATHOLIC ELDERCARE
    6× · 2019–2024 · $24k · revenue +29%

Funded once

  • IG
    Individual grant recipient
    one grant, 2019 · $1k
  • CH
    COLUMBIA HEIGHTS SCHOLARSHIP MEMORIAM LARRY PIETRZAK
    one grant, 2023 · $1k
  • HH
    HENNEPIN HEALTH FOUNDATION
    one grant, 2023 · $1k · revenue +23%
How this is measured

Repeat means funded in two or more distinct years. Growth and survival are read from each grantee’s own subsequent IRS filings.

04Its field

Closest unfunded matches

The nonprofits that most resemble its grantees but are not funded by it, scored along the direction from the rest of the field toward the portfolio. A resemblance in what they say they do, not a recommendation.

1
Minnesota Council of Nonprofits Inc

The Minnesota Council of Nonprofits informs, promotes, connects and strengthens individual nonprofits and the nonprofit sector.

Philanthropy
2
Minnesota Council on Foundations

MCF is a vibrant philanthropic community connecting, strengthening and mobilizing the power of philanthropy to advance prosperity and equity.

—
3
Mn Community Measurement

Mn community measurement empowers stakeholders with meaningful information to drive improvement.

Health
4
Minnesota Chamber of Commerce and Industry

The minnesota chamber of commerce proactively leads the business community statewide to: advance pro-business, responsible minnesota public policy that creates jobs and grows the econony; provde member services to address evolving business…

—
5
Minnesota Business Partnership

The minnesota business partnership's mission is to maintain a high quality of life for all minnesotans by ensuring that the state's economy remains strong, globally competitive and its prospects for growth bright by working with elected…

—
6
Community Neighborhood Housing Services

Our mission is "empowering individuals and communities by helping people, buy, fix and keep their homes". to further this work, we provide homeownership education and advising as well as residential community lending programs to families…

Housing & Shelter
7
Youthprise

Youthprise is a nonprofit intermediary that invests in the future of Minnesota by investing in youth. Youthprise's mission is to increase equity with and for Minnesota's indigenous, low-income, and racially diverse youth.

Education
8
Minnesota Voice

Minnesota Voice is a collaboration of organizations working toward permanent change in social, racial, and economic justice by increasing civic engagement and voter participation across the state.

Public Benefit
9
Minnesota Medical Association

To be the leading voice of medicine to make minnesota the healthiest state and the best place to practice.

—
10
Minnesota Chapter of the National Childrens Alliance

The Minnesota Children's Alliance leads the development and growth of locally based children's advocacy centers and multidisciplinary teams to ensure equitable access to services for healing and growth.

Crime & Legal
11
Minneapolis Regional Chamber of Commerce

Creating powerful advocacy to enhance economic vitality in the minneapolis-st. paul region.

—
12
MinnPost

MinnPost produces independent journalism to serve as a trusted guide for Minnesotans exploring the critical issues, challenges and opportunities facing our state.

Arts & Culture
How this is measured
The grantee most central to the portfolio’s shape is Metropolitan Consortium of Community Developers; the most unlike its peers is Merjent Foundation. Resemblance is measured on each organization’s own IRS 990 mission text; it reflects how work is described, not its quality or impact.
04the grantee network

88 grantees tracked through their own filings, 2017–2026.

Each grant beside the grantee’s revenue from every source, year by year.

How this is measured

Counted here: distinct organizations funded across 2017 to 2026, not grant rows in a single year, so this will not match the grant count on the cover. 88 of the 166 grantees resolved in that span have returns of their own we could reconcile.

Each grantee is resolved to its own IRS returns. Association, dated; never a causal claim.

0
Load-bearing (≥25% of a budget)
18
Early backer (in before they grew)
85/88
Grantees still filing
68/88
Grew since first funded

Where the money sits, by cause and then by grantee

SACA: $82,500 · OtherSACAMERCY MEDICAL FOUNDATION: $81,750 · OtherMERCY MEDICAL FOUNDATIONFRIENDS OF RAMSEY LIBRARY (NB): $52,500 · OtherFRIENDS OF RAMSEY LIBRARY (NB)ISD #13: $47,643 · OtherISD #13THE CAMDEN PROMISE: $34,250 · OtherMINNESOTA MEDICAL FOUNDATION: $30,000 · OtherDeLaSalle High School: $27,000 · Other+103 more: $408,362 · Other+103 moreEAST SIDE NEIGHBORHOOD SERVICES INC: $88,961 · Human ServicesEAST SIDE NEIGHBO…LEE CARLSON CENTER FOR MENTAL HEALTH & WELL-BEING: $56,000 · Human ServicesLEE CARLSON CENTE…The Dwelling Place: $19,000 · Human ServicesThe Dwelling Plac…ANOKA COUNTY COMMUNITY ACTION PROGRAM INC: $10,000 · Human ServicesWISHES & MORE: $9,300 · Human Services+12 more: $41,737 · Human Services+12 moreBETA GROUP: $124,000 · Community ImprovementBETA GROUPMETROPOLITAN CONSORTIUM OF COMMUNITY DEVELOPERS: $60,500 · Community ImprovementMETROPOLITAN CON…WOMENVENTURE: $18,000 · Community ImprovementWOMENVENTURE+3 more: $13,250 · Community Improvement+3 moreALLINA HEALTH FOUNDATION: $51,500 · HealthCHILDREN'S DENTAL SERVICES INC: $13,000 · HealthMINNESOTA BRAIN INJURY ALLIANCE: $6,000 · HealthNORTHEAST YOUTH & FAMILY SERVICES: $5,500 · HealthWOMENS LIFE CARE CENTER: $3,000 · Health+3 more: $3,000 · HealthMy Very Own Bed: $20,000 · Housing & ShelterGREATER METROPOLITAN HOUSING CORPORATION: $18,500 · Housing & ShelterAEON: $12,000 · Housing & ShelterCITY OF LAKES COMMUNITY LAND TRUST: $12,000 · Housing & ShelterHOUSING IN ACTION INC: $12,000 · Housing & Shelter+1 more: $2,000 · Housing & ShelterANOKA-RAMSEY COMMUNITY COLLEGE FOUNDATION: $10,000 · EducationPRODEO ACADEMY CHARTER SCHOOL #4213: $8,250 · EducationANOKA HENNEPIN EDUCATIONAL FOUNDATION INCORPORATED: $7,600 · EducationSOJOURNER TRUTH ACADEMY: $6,000 · EducationMETRO SCHOOLS: $3,500 · EducationMARIA PEW FAMILY FOUNDATION DBA MARIA'S VOICE: $3,000 · EducationHmong College Prep Academy: $3,000 · EducationTrue North Family Foundation: $2,750 · EducationKaleidoscope Charter School No 4118: $2,500 · EducationYINGHUA ACADEMY: $2,500 · EducationMIDWAY STAR ACADEMY: $2,250 · Education+3 more: $3,250 · EducationHOSPITALITY HOUSE YOUTH DEVELOPMENT: $13,500 · Youth DevelopmentCommunity Partners with Youth: $6,000 · Youth DevelopmentHOPE 4 Youth: $3,500 · Youth DevelopmentNORTH STAR COMMUNITY ROWING: $2,500 · Youth DevelopmentThe Cookie Cart: $1,500 · Youth Development
Other$764,005Human Services$224,998Community Improvement$215,750Health$82,000Housing & Shelter$76,500Education$54,600Youth Development$27,000

Each grantee by its size and the funder’s share of it; top left is load-bearing

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
Grantee by grantee: a decade per organization, before and after funding

A decade per grantee: revenue shaded, grants as bars, all rows on one timeline.

  • Who funds BETA GROUP ↗
  • Who funds EAST SIDE NEIGHBORHOOD SERVICES INC ↗
  • Who funds METROPOLITAN CONSORTIUM OF COMMUNITY DEVELOPERS ↗
  • Who funds LEE CARLSON CENTER FOR MENTAL HEALTH & WELL-BEING ↗
  • Who funds ALLINA HEALTH FOUNDATION ↗
  • Who funds CATHOLIC ELDERCARE ↗
  • Who funds My Very Own Bed ↗
  • Who funds The Dwelling Place ↗
  • Who funds GREATER METROPOLITAN HOUSING CORPORATION ↗
  • Who funds WOMENVENTURE ↗
  • Who funds Metropolitan Economic Development Association ↗
  • Who funds RISE INCORPORATED ↗
  • Who funds NEIGHBORHOOD HEALTHSOURCE ↗
  • Who funds HOSPITALITY HOUSE YOUTH DEVELOPMENT ↗
  • Who funds CHILDREN'S DENTAL SERVICES INC ↗
  • Who funds AMERICAN CRAFT COUNCIL ↗
  • Who funds AEON ↗
  • Who funds CITY OF LAKES COMMUNITY LAND TRUST ↗
  • Who funds HOUSING IN ACTION INC ↗
  • Who funds ANOKA COUNTY COMMUNITY ACTION PROGRAM INC ↗
  • Who funds ANOKA TECHNICAL COLLEGE FOUNDATION ↗
  • Who funds ANOKA-RAMSEY COMMUNITY COLLEGE FOUNDATION ↗
  • Who funds The Constellation Fund ↗
  • Who funds WISHES & MORE ↗
  • Who funds Minnesota Youth Athletic Services ↗

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 TrustThe Minneapolis Found…Saint Paul & Minnesot…The Richard M Schulze…Greater Twin Cities U…Target FoundationFr Bigelow FoundationConnexus Energy Found…Xcel Energy FoundationThe McKnight Foundati…Pohlad Family Foundat…Allina Health System
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.

How much its grantees rely on government

Each dot is one organization Walter C Rasmussen - Northeast Bank Foundation funds: left to right is the share of its income from government, bottom to top the share from Walter C Rasmussen - Northeast Bank Foundation. Bigger dots raise more.

2024
’20’21’22’23’24’25
no gov · 00%1%3%6%10%funder's share of their income ↑0%25%50%75%100%share of the org’s income from government →
    no gov moneyreceives it· size = income
    0get no government money at all
    35report government grants on their 990 we could not trace to a source (not plotted)
    0rely on government for over half their income
    typical government reliance, FY20–25
    How this is measured
    Government income is each org’s traced federal awards (USASpending grants and contracts) plus state payments (open checkbooks) as a share of its total revenue (IRS Form 990); the self-reported government-grant line (990 line 1e) is carried for cross-check: a grantee that reports government grants we could not trace to a source is left off the chart rather than shown as receiving none. An association, not a claim that a grant caused the public funding. Coverage is precision-first, a floor rather than a census; state records exist for 9 states, so a grantee outside them shows no state figure (dimmed) rather than a false zero. Federal award amounts are obligations, which can span years, so a single-year share is indicative. 990 filings lag 12 to 24 months.
    05Through Plinth

    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.

    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

    Play a game based on Walter C Rasmussen - Northeast Bank’s filings →

    More from the funding graph

    The unnamed billions
    grants reported with no recipient in the public record
    The regranting layer
    51% of grant dollars land in the regranting layer
    The DAF merry-go-round
    $9.7B circulates between donor-advised funds
    The endowment market
    who holds foundation money, and what just moved
    The camps
    funders cluster by geography, not ideology
    By state
    where grant money is based, and what stays home