Overview
What is The Constellation Fund?
The Constellation Fund is a nonprofit organization situated in Minneapolis, Minnesota, committed to combating poverty within the Twin Cities' seven-county metropolitan area. By combining advanced analytics and local insights, they aim to strategically allocate philanthropic resources to the most impactful organizations and initiatives. Their approach involves evaluating potential grantee partners using both quantitative metrics and qualitative analysis. In the fiscal year 2023, they invested over $3.2 million into 31 nonprofits, primarily in the sectors of education, employment, health, and housing. Constellation's evidence-based strategy projects that these investments will deliver an average of $4.70 in lifetime health and income improvements for every dollar invested. In addition to financial support, Constellation offers a capacity-building program called Beyond Dollars, which connects nonprofit partners with volunteer teams from various corporations to enhance their capabilities and effectiveness in tackling poverty.
Official website here: www.constellationfund.org
Is The Constellation Fund legitimate?
The Constellation Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Constellation Fund submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $639,422
Professional Fundraising Fees: $0
Other Salaries and Wages: $689,841
For more financial information, click here
Official website here: www.constellationfund.org
What is the mission statement of The Constellation Fund?
The Constellation Fund's mission is to combat poverty within their operational area by enhancing the living standards of individuals living below the poverty line. They achieve this by leveraging modern analytics and on-the-ground insights to strategically distribute philanthropic funds to the most impactful nonprofits. These nonprofits focus on four key areas: education, employment, health, and housing. The Constellation Fund's data-driven approach projects that each dollar invested in these nonprofits will yield an average of $4.70 in lifetime health and income improvements for those affected by poverty. Furthermore, they run a capacity building program called Beyond Dollars, which provides pro bono services to their partner nonprofits, enhancing their capabilities.
Official website here: www.constellationfund.org
Who is the CEO of The Constellation Fund?
Andrew Dayton is the Ceo/Treasurer/Secretary of The Constellation Fund. The CEO's salary of The Constellation Fund is $0 and their total compensation is $0.
Official website here: www.constellationfund.org
What is the revenue of The Constellation Fund?
The Constellation Fund's revenue in 2023 was $6,538,143.
Official website here: www.constellationfund.org
Who are the executives of The Constellation Fund and what are their salaries?
The average compensation at The Constellation Fund during 2023 was $110,772. There are 12 employees and 53 volunteers at The Constellation Fund.
Here are 17 key members and their salaries (The Constellation Fund's CEO's salary is $0 and their total compensation is $0):
- Saanii Hernandez (Chief Operating Officer)
- Ryan Petersen (Chief Advancement Officer)
- Jose Diaz Phd (Chief Economist)
- Sandy Carr (Chief Impact Officer)
- Andrew Dayton (Ceo/Treasurer/Secretary) [Trustee/Director]
- Tim Welsh (Board Chairperson) [Trustee/Director]
- Eric Dayton (Board Member) [Trustee/Director]
- Wendy Nelson (Board Member) [Trustee/Director]
- Marcia Page (Board Member) [Trustee/Director]
- Lynne Redleaf (Board Member) [Trustee/Director]
- Susan Bass Roberts (Board Member) [Trustee/Director]
- Pahoua Yang Hoffman (Board Member) [Trustee/Director]
- John O'Neil (Board Member) [Trustee/Director]
- Armando Camacho (Board Member) [Trustee/Director]
- Dr Fayneese Miller (Board Member) [Trustee/Director]
- Katie Clark Seiben (Board Member) [Trustee/Director]
- Susan Corridoni (Board Member) [Trustee/Director]
Official website here: www.constellationfund.org
Where can I find the form 990 for The Constellation Fund?
The The Constellation Fund’s most recent form 990 was submitted in 2023 and can be accessed here
Official website here: www.constellationfund.org
Learn more at the official website: www.constellationfund.org
Mission Statement of The Constellation Fund
The Constellation Fund is an organization committed to combating poverty in urban areas, specifically focusing on improving the living standards of individuals residing below the poverty line within its seven-county metropolitan region. Its primary mission is to utilize sophisticated analytics and on-the-ground insights to strategically distribute philanthropic resources to the most effective nonprofits and initiatives that are making significant strides in the fight against poverty.
The Constellation Fund employs a unique approach that integrates quantitative metrics with qualitative analysis to identify its grantee partners. By using evidence-based metrics, the organization can predict the long-term impact of poverty-reduction services, aiming to create a substantial improvement in the health and income of individuals and families. In fiscal year 2023, this strategy resulted in investing over $3.2 million into 31 nonprofits operating in four key impact areas: education, employment, health, and housing. These nonprofits are projected to deliver an average of $4.70 in lifetime health and income improvements for every dollar invested, far surpassing the average impact of other organizations evaluated in 2021.
In addition to its grant-making efforts, The Constellation Fund also offers a capacity-building program called Beyond Dollars. This program curates teams of volunteer employees from various corporations to provide top-notch pro bono services to their impactful nonprofit partners. By doing so, The Constellation Fund empowers these nonprofits to enhance their operations and deliver even more impactful services to the communities they serve.
Impact
This information is meant to be a general summary of The Constellation Fund. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
The Constellation Fund's impact in the Twin Cities is significant in the fight against poverty. Its evidence-driven approach in allocating philanthropic resources to effective nonprofits has resulted in tangible improvements in the lives of individuals and families living below the poverty line. By investing over $3.2 million into 31 poverty-fighting nonprofits, The Constellation Fund projects to generate an average of $4.70 of lifetime health and income improvements for each dollar invested. This impact is more than three times greater than the average impact of other evaluated organizations. Through initiatives like the Beyond Dollars capacity building program, where corporate volunteers provide valuable support to nonprofit partners, The Constellation Fund is further expanding its reach and effectiveness in combatting poverty in the community.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Assets and Liabilities:
Organization Details
Founding Year
2018
Phone
(612) 263-1737
Principal Officer
Andrew Dayton
Main Address
323 N Washington Ave Ste 200, Minneapolis, MN, 55401
Website
www.constellationfund.org
NTEE Category
Code: T12 - Philanthropy
If you are a representative of The Constellation Fund and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.