Micro grants
Micro grants
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About this organization
Mission
Microgrants gives grants of around $1000 for low-income people of potential to invest in their lives. The grants are designed to help people increase their income either through small business development or getting and retaining stable employment. We believe in eliminating poverty through work! Investments are usually made in three areas: education, small business development, and transportation.
About
During 2018 micro grants awarded 864 grants. Microgrants helps people to succeed in two ways through: 1. Tangible tools such as a laptop computer, a car, a website, business cards and/or textbooks:2. Intangible tools such as a job training program, license fee or tuition payments. Most recipients were women of color in their 30's and 40's.
Interesting data from their 2020 990 filing
The non-profit's mission, as described in the filing, is “Financial assistance”.
When describing its duties, they were characterized as: “Financial assistance”.
- The non-profit has complied with legal regulations by reporting their state of operation as MN.
- The filing shows that the non-profit's address as of 2020 is 1035 E FRANKLIN AVE, MINNEAPOLIS, MN, 55404.
- As of 2020, the non-profit has reported a total of 4 employees on their form.
- Is not a private foundation.
- Expenses are between $500,000 and $1,000,000+.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $13,572.
- The organization has 16 independent voting members.
- The organization was formed in 2005.
- The organization pays $218,112 in salary, compensation, and benefits to its employees.
- The organization pays $165,838 in fundraising expenses.
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