ANNUAL 2016 REPORTCover1 LETTER FROM OUR LEADERS

Dear Stakeholders:

We issued just over 700 grants in 2016, a 55% increase over the previous year. A major reason is that several large grants were received in the last weeks of 2015, for a record total of $926,000. But those funds came too late to be used in 2015. Instead, a large carry-over fueled our record-breaking 2016 MicroGrants grant making. We fully expect to equal 700 grants again in 2017.

Our Partner Agencies told us that they could more than double their grantee-prospects without any compromise in the quality of their quali cations.  at meant, there were hundreds of people, who did MISSION not apply for grants, only because of the limit of our resources. In addition, there were a dozen aspiring Partner Agencies, each with additional people of potential, waiting in the wings to become partners. To spur economic self-su ciency by giving strategic Consequently, our 250 additional grants were so quickly absorbed by the overwhelming demand.

grants to low-income people of potential through We also improved our transportation grant-making in a new partnership with Bobby and Steve’s Auto Partner Agencies. World.  ey restore and sell road-worthy, used cars to our grantees, at an average of 35% below market value. In addition, we increased our $1,000 transportation grants to $1,400, their estimated minimum for purchasing a serviceable vehicle. So, our grantees are no longer vulnerable to the proverbial Used Car Salesman, the lemon that fails right o the lot or the cheaply acquired, used car that just sits there because of unfeasible repair costs.

In this season of political and funding uncertainties, some things remain constant. Our high-potential grantees continue to need a timely boost. Generous donors, like you, continue to reach back and provide a hand-up. And MicroGrants continues to connect you both, e ciently and economically. HOW IT We are triangulating for transformation. WORKS Cordially, We receive generous donations from our supporters Don Samuels Joe Selvaggio Our partner agencies recommend their best quali ed clients as possible CEO Chair of the Board grant recipients

We review grant applications and fund qualifying requests

Our partner agencies mentor the recipients and oversee use of the grant

 e partner agencies follow up with the recipients and report the results to MicroGrants

Cover2 1 African Development Center of Minnesota

American Dream Law

BiiGiiWiin Community Development/American Indian Community Development

Bolder Options

Bridge for Youth

Daily Work

Emerge Community Development

AGENCIES WE CALL Franciscan Outreach

Goodwill Easter Seals of MN PARTNERS Incarnation Church Jeremiah Program

Metropolitan Consortium of Community Developers (MCCD)

Metropolitian Economic Development Association (MEDA) Shared missions and Midtown Global Market Minneapolis Urban League distinct roles makes MN Family Justice Center MicroGrants work! Northside Achievement Zone (NAZ)

Partner agencies Neighborhood Development Center (NDC) select, coach and Partnership Academy track the progress PRISM Project for Pride in Living (PPL) of grant recipients. Ramsey County Workforce Solutions

MicroGrants’ on site Resource, Inc. / Women Achieving New Directions (WAND) visits, evaluations, Salvation Army – Booth Brown House Chicago and annual partner St. Pius V Parish, Salvation Army Adult Rehab. summits fuel new St Paul Housing Authority

Habitat for Humanity ideas and growth. St Paul Youth Services Summit Academy OIC Providence House Self-su ciency of Grace Place TechDump/Jobs Foundation (logo in dropbox) low-income people St Matthew’s House Think Small continues to grow. Goodwill Industries Twin Cities Rise!

Lorenzo Walker Wilder Foundation Technical College WomenVenture 2 3 2016 FEATURED GRANTEES ADRIAN COULTER drian is our MicroGrants Grantee of the Decade. He graduated from our Partner Agency MEDA and received MicroGrants, A in 2012 and 2013. He used his grants to start his online shoe business, XLFeet and to purchase the A GRATEFUL GRANTEE rst major brand, Florsheim. Back then, he had sales of $6,000. Today he has a physical store and over 50 Dear MicroGrants: brands of socks slippers boots and shoes. He expects to break $1,000,000 in sales. Adrian says, “ anks to MicroGrants, that $1,000 has been multiplied exponentially, and was far more impactful than the dollar amount of $1,000. If it wasn’t for MicroGrants, I’d still be selling cell phones at an entry retail job to this day. I would like to take the time out and thank everyone that was involved in the process of  ank you MicroGrants!” approving me for the microgrant.  e decision you all made on my behalf was a once in a lifetime opportunity. I am now a proud business owner, words cannot describe the feeling I have.  e microgrant changed my life overnight, I am able to leave behind JERRY a legacy for my children. I can now show my kids that hard work and dedication can make all the di erence in the world. My sons will know what it is like to earn a EVANS decent living, while teaching my daughters to never give up. Because you all gave me t 22 years old, Jerry is a 2016 Grantee of the year. He a chance and considered my need and said yes to granting me a second chance I am has a clear vision of being a successful business owner. ever so grateful. I asked for a boost to get me going in the direction I needed, I thank He received his property management training from our A Partner Agency, Emerge and nurtured visions of owning you all for the help and believing in my dream, my idea, and really helping! I cannot and managing rental properties. Jerry used his grant for real estate classes thank you enough, I must apologize for not thanking, especially the sta , the donors and license. He says, “I now own a property management company and a and the founder, soon enough. However, right after receiving the grant I took a portion property! While I’m growing my management company, I intend to sell a certain number of houses each year. I am on track for success, and I acknowledge that my successes aren’t solely based upon my e orts and hard of the money and paid HomeAdvisors for the lead generation service they provide for work but upon my accountability to others and the relationships I’ve built.” professionals and since then I have had endless work for my company. I have been so busy with my janitorial service I have not had any time to formally write a thank you letter.  e rest of the grant went to supplies and insurance so the janitorial service could TSEREGEDA run e ceitnely. I did not expect things to take o so fast. I am ever so grateful to everyone at MicroGrants, the sta and the donors and the founder. CHERINAT  ank you!  ank you!  ank you! seregeda is a Grantee of the Year for 2016. She had everything she needed to open her sewing and alteration Sincerely, business. She had the skills, vision, motivation, T determination, and even clients but she did not have the money to purchase the sewing machine and serger she needed. Tseregeda says, “It was either pursue my sewing business or give up the dream and get a job just to pay the bills. v Quentin McKnight I will always be grateful for your help in getting the supplies I needed to get my business McKnight Unlimited Services started and make my living at what I love to do!”

4 5 2016 FINANCIALS STATEMENT OF ACTIVITIES Year ended December 31, 2016 STATEMENT OF FINANCIAL POSITION Year ended December 31, 2016

2016 2015 2017 2016 Temporarily Assets Unrestricted restricted Total Total Support and Revenues Current Assets Individual contributions $382,478 $382,478 $378,257 Cash & cash equivalents & total current assets $726,254 $828,703 Foundations and donor-advised funds. $300,499 $215,292 $515,791 $506,938 Event income Equipment at cost Corporate contributions $31,157 $31,157 $903 Less accumulated depreciation of $3,382 $4,216 $1,633 Investment income $2,755 $2,755 Prepaid Insurance $826 $389 $731,296 $830,725 Net assets released $161,954 $(161,954) Total support and revenues $878,843 $53,338 $932,181 $926,297 Liability and Net Assets Current Liability Expenses Accounts payable and total current liability $7,117 $27,630 Grants/Program services $784,984 $784,984 $525,232 Support services Management and general $79,270 $79,270 $85,764 Net assets Unrestricted $575,461 $707,715 Fundraising $146,843 $146,843 $131,496 Temporarily restricted $148,718 $95,380 Total expenses $1,011,097 $1,011,097 $742,492 $731,296 $830,725

Change in Net Assets $(132,254) $53,338 $(78,916) $183,805 In 2016, total revenues were comparable to 2015 Total grants given from Net Assets as we focused on increasing our impact on the 2006 to 2016 is 3978 Beginning of year $707,715 $95,380 $803,095 $619,290 community by streamlining distribution of funds 500 End of year $575,461 $148,718 $724,179 $803,095 to keep up with a diverse and changing society. MicroGrants increased monetary dissemination TOTAL INCOME $929,427 to indivuals by 33%. 400 $900k $800k Autumn, 2016 was dedicated to developing new 300 $700k programs to diversify our impact. The “Lights $600k On” program was launched late in the year $500k and we are already beginning to see signs of 200 $400k relations between police and citizens being repaired. $300k 100 $200k $100k 0 $0 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 6 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 7 THANK YOU TO OUR Garg Family Foundation, Satya & Indu Karon, Robert I. & Stefanie M. Garrity Family Giving, The Kaufman, Pamela K. Nelson, Margaret & Keierleber, Dennis Garrity, Charles E. & Arlene Newman, Leonard Kelen, Erwin A. Silver, David & Alln George Family Foundation, The Newman, P.A., Matthew B. Kelleher, James J. & Suzanne Sipkins, Ali DONORS Gilligan Foundation Nguyen, Minh Tri & Vu S. Dinh King Family Foundation, Peter J. Slack, Kay 1335 Foundation CLB Foundation Giuffre, Mary R. Norris, Jane King, Dr. Gary Slowinski Fund of TSPF, Aal, Esam M. & Paula Cohen, Burton D. & Audrey K. Glass, Aaron North Star Fund of TMF Emil J & Emily D. KleinBank Adams, Jim & Julia Cohen, Daniel W. Godfrey, Tracy & Ann Northwest Area Foundation Smikis Foundation Kleinman, Jan & Santosa, Fadil Advance Consulting LLC Cohn, Michele Goldbarg, Stuart & Phyllis Beatty Nupen, Mark S. & Rita C. Soucie, Linda B. Konety, M.D., M.B.A. Badrinath Akbar, Ilse Community Shares of MN Greene, Robert A Nystrom, Suzanne B. St. Anthony, Neal & Presberg-Greene, Susan Krisbin Foundation Trust, The Amplatz, Caroline Cornwell, Ronald G. & Joan O’Connell, Michael J. & Keller, Cindy St. Luke Presbyterian Church Greymont, Scott & Margaret Hall Lasoff, Susan A. Anderson, Daniel W. & Alice Cowan, Robert L. & Judy K. O’Connor, Ed Standard Heating & Air Conditioning Grieman, John Lee, Steven & Melinda Anderson, Nancy Cowles, Jay O’Rourke, Michael & Anne Stanton, Jill M. Griffith, Charlotte Lees, Joanna P. Andreas Foundation, L & N Cowles, John & Elizabeth Olson, Mary Jo Steiner, James P. & Tracy K. Page Knudson Grossman, Barbara E. & Prauer, Leighton, Katherine & Patrick Ankeny Fund of TMF, Pete & Margie Jeffrey E Olzenak, Randy M. Stephen, Sr. Family Foundation Craighead, Donald H. & Sandra L. Lenzmeier, Allen & Kathleen Anonymous Groten, Joanne Oppegard, Mark & Lisa Stratton, Thomas Cramer, P. Doug & Theresa Weis Letang, Earlsworth Anson, Peter W. & Sally Ankeny H86 Property Management Opus Foundation Streitz, Thomas & Michelle Crolick, Sue. Lippert, Theresa Arthur, Alan Hall, Donald & Marion & Frederick K. Grittner Padilla Court Fund Swain, Tom H. & Arlene M. Crosby, L. H. Bachman, Karen Hall, Janis Longfellow, Ann Page, Gregory & Cynthia Tank Hill Fund of TMF Cuningham, John W. & Sally Baig, Asim & Nataly Hannan, Michael L. Longfellow, Barbara Parekh, Bharat M. Target Corporation Cunningham, Gary Baker Foundation & Ingersoll, Mina C. Lovrien, Elmer W. Parker, Joshua Thomas, Kay A. Dahl, Christopher T. Baratz Family Foundation, Inc. Hartman, Jim & Jean Macchia Family Foundation Pearlstein, Mitch Thompson, Lynne W. Dartmouth-Hitchcock Health Barstow, Kristine Hartwell, Lucy MacDonald, Jr., Robert W. & Susan B. Pepin, Jr., Richard G. & Suzanne J. Thompson, Peter J. Davis, Lincoln Bassett, James W. & Mary L. Havelin, Kate Madden Charitable Fund, Joan Peris, Jose A. & Gulden, Diana Tovo, Aaron Dayton Revocable Trust, Julia W. Beard, William H. & Barbara H. Head Family Foundation, The Madden, Dr. Joan Peterson, Dale E. & Bridget A. Town, Dr. Louise A. Dayton, Edward N. & Sherry Ann Benjamoin, Joann A. Hedberg, John W. Manthey, Mark.. Pham, Viet Nhu & Molly Hendricks Ulseth, Anne Q. Delavie, Laura Benke, Donald R. & Pauline Heegaard Family Fund of TMF, Marbrook Foundation, The Phillips, Alicia Vig, Gary Dillon, Craig & Hailey L. Gabriel Anne & Peter Bergerson Family Fund of TMF, Margolis, Laurence J.& Karin Plonski, Patrick Vincent, JoAnn John & Ruth DonateWell Heegaard Family Fund, Markwardt, Frederic& Helenk Pluhar, Elisa Von Blon, JoAnne Berton, Andrew Douglas & Sands Coleman David & Joanne Marx, Tim Pouliot, Ted & Mary Jo Vos, Ruthanne Bigbee, Arnold W. Fund of TMF Heegaard, Roger & Marge Mascari, Joseph A. & Marilyn Pratt Family Fund of TMF Wagner, Dennis L. & Debra J. Bloom, Paul R. Ducar, Michael P. & Debbie Heine, Mary Ann Mauer, Jane Rappaport, Gary & Susan Wahlstrom, Charmaine BlueStem Holding, L.P. Dyer Foundation, Jaye F. & Betty F. Hendrickson Family Fund, L. H. Mauriel Family Foundation Razidlo, Conrad Waldo, James & Alice Bolsoni, Jennifer Earley, James C & Wndy E. Sharpe Hewitt DA Fund of the IFF, Brad & Sue Mayer, Jim & Jane Reid, George McKay Ward & Ward Company Borer, Catherine & Dan Conlon Egerman, Jean Hillswood Foundation McCrea Family Fund of TMF, Reiling, William & Joanne Wark, David & Mary Ann Bremer Foundation, The Otto Eichhorn, Richard E. Hinck, John D. & Elizabeth C. Bob & Polly N. Renaissance Charitable Warth, Tom Brookman, Mr. & Mrs. Eisberg & Kline Charitable Holguin Family Charitable Fund Foundation, Inc Fund of TMF McFarland Fund of TMF, Watson - Forsberg Brooks, John C. Hoon, David Richard & Joyce Rice, Alice Eittreim, Kent & Joanne Wayne Family Foundation, The Brown, B. Howard, James A. McGee, Darlene Ritvo, Roberta A. & Lynn R. L. Ritvo Elliott, Sean P. & Meghan E. Weber, Marlys J. Brude, J.P. Hughes, John McGowan, John Roberts, Pat Engasser, Mark Weisner, Ben & Margaret Rog Buckley, Elizabeth Humphries, Jr., C. Lee Mclaughlin, Leon Rock, Thomas G. & Raphan, Melissa Engelsma Family Foundation & Susan Lee Genaw Welch, E. Thomas & Rita D. Burdick Family Fund of TMF, The McNair Family Fund, The Jan & Rolnick, Art Erickson, Tracy Hunter, Christopher C. & Barb Burke Welna Hardware, Inc Buscis, Lynda DavidtMech, David L. Roth, Jim Exline, John L. & Linda Hurst Charitable Fund, Jack Welter, Mark Cadwell, Ted Meristem, LLC/Charles J. Maxwell, Jr. Rustad, James W. & Kay A. Thomas Fattah, Salah A. & Suzanne M. Intelligent Financial Strategies/ Mickelson Media Foundation Werness, Margaret B. Campbell, Kathleen M. Jason G Sanchez, Samuel & Michelle L. Feldman, Reynold Miller, Rebecca & Karl A. Jones White, Thomas & Darlene Caridad Corporation Isaacs, Kari Sanders Rev. Trust, The Miriam Fetzer Institute Mische, George Wiener Fund of Carlson, Bruce M. & Jean A. Jacob Family Fund, Harry & Lila Schoen, Milton A. Headwaters Fndt., Barbra Filter, Kevin & Keosle Rosemary Mitchelson, Peter Carlson, Paul Schoppert, Bill & Wendy Williams, CEO, Paul Fingerhut Family Fioundation JAWCO & Judith B. Henderson Caroline’s Kids Foundation Johns, Richard L. & Laurel D.. Schulze Family Foundation, Wurtele Family Fund, Fitterer, Cyril & Shirley Jane Mitterer, Susan E. Richard M. Carpenter, Josephine Benz Johnson Charitable Fund, T.L. & M.D. Angus & Margaret Fondell, Dayna Morgan, Brian Sell, Jack & Susan Carter, Mary Johnson, Bradley A. Yackel, John & Eleanor Forster, Barbara L. Morrison, George H. & Mary Selvaggio, Joe Causton, Amy Johnson, Susan M. & Larry Yaeger, Jason Forsythe, Charlotte M. Morrison, Jack & Chris Selvaggio, Sam. Causton, Ron & Joanne Jones, Bill Yeager, Elizabeth Foster, Helen B. Morton, Philip A. Selvaggio, Sharon Christenson, Michael D. Jordan Living Trust, Catherine Fraboni, Ron Moss, Paul Senn, Charles A. & Patricia Christos, Inc. Jorgensen, Charles & Sally Furek, Robert M. & Susan A Murphy Family Fund, TMF, Shoop, Michael & Prudden, Joyce Jungquist Fund, David & Kathy David & Patty . 8 9 NUMBERS AT A GLANCE

2016 DONOR BREAKDOWN BY DOLLARS % 3 $60,000 - $100,000 82

4 $30,000 - $ 59,999 82% of grant recipients were 19 $10,000 - $29,999 employed within three months of receiving grants. 56 $1,010 - $9,999 % 50 $999 - $1,000 68 161 UNDER $998 68% of grant recipients reported that their income % increased as a result of GRANTEE CATEGORIES GRANTEE ETHNICITIES 100 MicroGrants funding. % % 9 AFRICAN AMERICAN 41 Other 45% % Business % 13 WHITE/CAUCASIAN 20 Education 100% of grant recipients had % AFRICAN IMMIGRANT 18 achieved their goals or were in the process of doing so. % HISPANIC/LATINO 5 % ASIAN 5 % % MULTIRACIAL 4 99 % NATIVE AMERICAN 3 32% Transportation % 99% of grant recipients reported NA 4 that MicroGrants increased their % quality of life. Of these, 50% 97 % % reported that their quality of life FEMALE 61 MALE 39 increased “substantially.” 97% of grant recipients spent their grant money as they intended. 10 11 MEET THE TEAM

DON SAMUELS, Chief Executive Offi cer BOARD MEMBERS: Don took over as CEO of MicroGrants in January 2016. Joe Selvaggio** (chair) Neda Kellogg Mr. Samuels had a 27 year career as a Toy Industry executive and entrepreneur. During this time he became active in Tom Rock** (secretary) Allen Lenzmeier** his Jordan Neighborhood, leading to his election to the Jim Weichert** (treasurer) Mitch Pearlstein ** Minneapolis City Council for three terms. Don cofounded the PEACE Foundation, which became the Northside Chuck Garrity Mirela Miresan Achievement Zone (NAZ), winner of a $28.5 million federal Barbara Grossman Sam Selvaggio grant to educate low-income children in North Minneapolis. Don has served on the boards of Meet Minneapolis, Twin Don Hall Lynne Thompson Cities Rise, Teach for America, Alafi a Place, Rock ‘n Read and Jeff Heegaard Tom Welch The Hub. He is currently a director on the Minneapolis School Board. (** Executive Committee Members)

ADVISORS Mike Ciresi Joe Errigo Berit Johnson Dane Smith Burt Cohen Archie Givens Steve LeBeau Sandy Vargas Norm Coleman Jim Graves Art Rolnick KRISTINE BARSTOW MELISSA DEUTSCH LUIS SIOJO Judson Dayton Peter Heegaard Chuck Slocum Internal Operations Executive Assistant to Grantwriter Manager the CEO MicroGrants VOLUNTEERS: Community Council Members: Kristine Barstow, Ann Garrity, Susan Schneck, Joanna Lees, Pam Kaufman, Mindy Lee, Tricia, Haynes, Lynne Thompson, Barbara Grossman Kristine Barstow Tricia Haynes Al Lenzmeier Sam Selvaggio Adrian Coulter Peter Heegaard Jerri Malone Mike Stephen The Community Council is a committed group of volunteers who meet to discuss Anthony Dahl Shavette Jones Salvador de Lynne Thompson various issues and projects related to MicroGrants. They are the force behind the Joanne Eittriem Pam Kaufman Montesinos Sister Joan Tuberty annual Grantees of the Year awards. Kent Eittriem Masami Kawazato Mirela Miresan Jackie Wager Tom Fiutak Isha Konety Carolien Moors Alex Wager Shotsie Forsythe Mindy Lee Mitch Pearlstien Lucia Zavala Chuck Garrity Joanna Lees Atlantis Riley 1035 East Franklin Avenue Minneapolis MN 55404 Arlene Garrity Steve Lebeau Sam Riley 612.200.8174 Barb Grossman JoAnna Lees Susan Schneck [email protected] www.microgrants.net IN KIND DONORS: THANK YOU TO OUR GENEROUS SPONSORS African Development Center Media Relations, Inc. Checkerboard Web Development Palisade Asset Mgmt. Grafi x By Derek - Derek Thomson Project for Pride in Living HardTalk Biz Coaching Westwords Consulting Haskell’s Wines

12 13 1035 East Franklin Avenue Minneapolis MN 55404 www.microgrants.net

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