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ANNUALANNUALANNUALANNUALANNUALANNUALANNUALREPORTREPORTREPORTREPORTREPORT201620162016

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LETTER FROM OUR

LEADERS

MicroGrants

MISSION

HOW IT

WORKS

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 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 qualifi cations. That meant, there were hundreds of people, who did 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. Consequently, our 250 additional grants were so quickly absorbed by the overwhelming demand.

We also improved our transportation grant-making in a new partnership with Bobby and Steve’s Auto World. They 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 off 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, effi ciently and economically. We are triangulating for transformation.

Cordially,

To spur economic self-suffi ciency by giving

strategic grants to low-income people of

potential through Partner Agencies.

We receive generous donations from our supporters

Our partner agencies recommend their best qualifi ed clients as possible grant recipi-ents

We review grant applications and fund qualifying requests

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

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

Don SamuelsCEO

Joe Selvaggio Chair of the Board

Joe Selvaggio

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

Franciscan Outreach

Goodwill Easter Seals of MN

Incarnation Church Jeremiah Program

Metropolitan Consortium of Community Developers (MCCD)

Metropolitian Economic Development Association (MEDA)

Midtown Global Market

Minneapolis Urban League

MN Family Justice Center

Northside Achievement Zone (NAZ)

Neighborhood Development Center (NDC)

Partnership Academy

PRISM

Project for Pride in Living (PPL)

Ramsey County Workforce Solutions

Resource, Inc. / Women Achieving New Directions (WAND)

Salvation Army – Booth Brown House

St Paul Housing Authority

St Paul Youth Services

Summit Academy OIC

TechDump/Jobs Foundation (logo in dropbox)

Think Small

Twin Cities Rise!

Wilder Foundation

WomenVenture

ChicagoSt. Pius V Parish,

Habitat for Humanity

Providence House

Grace Place

St Matthew’s House

Goodwill Industries

Lorenzo Walker Technical College

Shared missions

and distinct roles

makes MicroGrants

work! Partner

agencies select,

coach and track

the progress of

grant recipients.

MicroGrants’ on site

visits, evaluations,

and annual partner

summits fuel new

ideas and growth.

Self-suffi ciency of

low-income people

continues to grow.

AGENCIES WE CALL

PARTNERS

32

t only 22 years old, Jerry has a clear vision of being a successful business owner. Working with EMERGE, Jerry graduated property management training and along the way, saw himself as a

property owner too. His grant helped him cover the tuition of his real estate classes and license. Jerry declares, “I now own a property management company and a 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 efforts and hard work but upon my accountability to others and the relationships I’ve built.”

When Adrian founded his online shoe store, XLFeet.com, that caters to people with extra-large feet, he was meeting a need in the marketplace

that he had encountered since his shoe size exceeded his age at 16. In order to add top of the line dress shoes to his products, he was required to place an order for a dozen pairs and pay in advance to open the account. He knew that carrying this shoe would open new avenues of business for him. MEDA recognized that the $1,000 MicroGrant would be just the catalyst he needed to get the business moving forward and submitted an application on Adrian’s behalf. It allowed Adrian’s entrepreneurial spirit as well as the company’s annual gross sales to grow.

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4

2016 FEATURED GRANTEES

JERRY

EVANS

ADRIAN

COULTER

PATRICE

SMITH

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A GRATEFUL GRANTEEDear MicroGrants:

I would like to take the time out and thank everyone

that was involved in the process of approving me for

the microgrant. The 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. The microgrant

changed my life overnight, I am able to leave behind a legacy for my children.

I can now show my kids that hard work and dedication can make all the

difference in the world. My sons will know what it is like to earn a decent

living, while teaching my daughters to never give up. Because you all gave me

a chance and considered my need and said yes to granting me a second chance

I am ever so grateful. I asked for a boost to get me going in the direction I

needed, I thank you all for the help and believing in my dream, my idea, and

really helping! I cannot thank you enough, I must apologize for not thank you

all soon enough. However, right after receiving the grant I took a portion of the

money and paid HomeAdvisors for the lead generation service they provide for

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. The rest of the grant went to supplies and insurance so

the janitorial service could run effi ceitnely. I did not expect things to take off so

fast. I am ever so grateful to everyone at MicroGrants, the staff and the donors

and the founder. Thank you! Thank you! Thank you!

Sincerely,

Quentin McKnight

McKnight Unlimited Services

76

2016 2015

Unrestricted Temporarily restricted Total Total

Support and Revenues

Individual contributions $382,478 $382,478 $378,257

Foundations and donor-advised funds. $300,499 $215,292 $515,791 $506,938

Event income

Corporate contributions $31,157 $31,157 $903

Investment income $2,755 $2,755

Net assets released $161,954 $(161,954) $-

Total support and revenues $878,843 $53,338 $932,181 $926,297

Expenses

Grants/Program services $784,984 $784,984 $525,232

Support services

Management and general $79,270 $79,270 $85,764

Fundraising $146,843 $146,843 $131,496

Total expenses $1,011,097 $- $1,011,097 $742,492

Change in Net Assets $(132,254) $53,338 $(78,916) $183,805

Net Assets

Beginning of year $707,715 $95,380 $803,095 $619,290

End of year $575,461 $148,718 $724,179 $803,095

2016

FINANCIALS2017 2016

Assets

Current Assets

Cash & cash equivalents & total current assets $726,254 $828,703

Equipment at cost

Less accumulated depreciation of $3,382 $4,216 $1,633

Prepaid Insurance $826 $389

$731,296 $830,725

Liability and Net Assets

Current Liability

Accounts payable and total current liability $7,117 $27,630

Net assets

Unrestricted $575,461 $707,715

Temporarily restricted $148,718 $95,380

$731,296 $830,725

STATEMENT OF FINANCIAL POSITION Year ended December 31, 2016

TOTAL INCOME $929,427

STATEMENT OF ACTIVITIES Year ended December 31, 2016

$900k

$800k

$700k

$600k

$500k

$400k

$300k

$200k

$100k

$0

2006

2007

2008

2009

2010

2011

2013

2014

2015

2012

In 2016, total revenues were comparable to 2015 as we focused on increasing our impact on the community by streamlining distribution of funds to keep up with a diverse and changing society. Micro Grants increased monetary dissemination to indivuals by 33%.

Autumn, 2016 was dedicated to developing new programs to diversify our impact. The “Lights On” program was launched late in the year and we are already beginning to see signs of relations between police and citizens being repaired.

Total grants given from 2006 to 2016 is 3978

2016

500

400

300

200

100

0

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

98

Jorgensen, Charles & SallyJungquist Fund, David & KathyKaron, Robert I. & Stefanie M.Kaufman, Pamela K. & Keierleber,

DennisKelen, Erwin A.Kelleher, James J. & SuzanneKing Family Foundation, Peter J.King, Dr. GaryKleinBankKleinman, Jan & Santosa, FadilKonety, M.D., M.B.A. BadrinathKrisbin Foundation Trust, TheLasoff, Susan A.Lee, Steven & MelindaLees, Joanna P.Leighton, Katherine & PatrickLenzmeier, Allen & KathleenLetang, EarlsworthLippert, Theresa & Frederick K.

GrittnerLongfellow, AnnLongfellow, BarbaraLovrien, Elmer W.Macchia Family FoundationMacDonald, Jr., Robert W. & Susan B.Madden Charitable Fund, JoanMadden, Dr. JoanManthey, Mark..Marbrook Foundation, TheMargolis, Laurence J.& KarinMarkwardt, Frederic& HelenkMarx, TimMascari, Joseph A. & MarilynMauer, JaneMauriel Family FoundationMayer, Jim & JaneMcCrea Family Fund of TMF, Bob &

Polly N.McFarland Fund of TMF, Richard &

JoyceMcGee, DarleneMcGowan, JohnMclaughlin, LeonMcNair Family Fund, The Jan &

DavidtMech, David L.Meristem, LLC/Charles J. Maxwell, Jr.Mickelson Media FoundationMiller, Rebecca & Karl A. JonesMische, GeorgeMitchelson, Peter & Judith B.

HendersonMitterer, Susan E.Morgan, BrianMorrison, George H. & MaryMorrison, Jack & ChrisMorton, Philip A.

Moss, Paul

Murphy Family Fund, TMF, David & Patty .

Nelson, MargaretNewman, LeonardNewman, P.A., Matthew B.Nguyen, Minh Tri & Vu S. DinhNorris, JaneNorth Star Fund of TMFNorthwest Area FoundationNupen, Mark S. & Rita C.Nystrom, Suzanne B.O’Connell, Michael J. & Keller, CindyO’Connor, EdO’Rourke, Michael & AnneOlson, Mary JoOlzenak, Randy M.Oppegard, Mark & LisaOpus FoundationPadilla Court FundPage, Gregory & CynthiaParekh, Bharat M.Parker, JoshuaPearlstein, MitchPepin, Jr., Richard G. & Suzanne J.Peris, Jose A. & Gulden, DianaPeterson, Dale E. & Bridget A.Pham, Viet Nhu & Molly HendricksPhillips, Alicia Plonski, PatrickPluhar, ElisaPouliot, Ted & Mary JoPratt Family Fund of TMFRappaport, Gary & SusanRazidlo, ConradReid, George McKayReiling, William & JoanneRenaissance Charitable Foundation,

IncRice, AliceRitvo, Roberta A. & Lynn R. L. RitvoRoberts, PatRock, Thomas G. & Raphan, MelissaRolnick, ArtRoth, JimRustad, James W. & Kay A. ThomasSanchez, Samuel & Michelle L.Sanders Rev. Trust, The MiriamSchoen, Milton A.Schoppert, Bill & WendySchulze Family Foundation, Richard

M.Sell, Jack & SusanSelvaggio, Joe Selvaggio, Sam.

Selvaggio, Sharon

Senn, Charles A. & PatriciaShoop, Michael & Prudden, JoyceSilver, David & AllnSipkins, AliSlack, KaySlowinski Fund of TSPF, Emil J &

Emily D.Smikis FoundationSoucie, Linda B.St. Anthony, NealSt. Luke Presbyterian ChurchStandard Heating & Air ConditioningStanton, Jill M.Steiner, James P. & Tracy K.Stephen, Sr. Family FoundationStratton, ThomasStreitz, Thomas & MichelleSwain, Tom H. & Arlene M.Tank Hill Fund of TMFTarget CorporationThomas, Kay A.Thompson, Lynne W.Thompson, Peter J.Tovo, AaronTown, Dr. Louise A.Ulseth, Anne Q.Vig, GaryVincent, JoAnnVon Blon, JoAnneVos, RuthanneWagner, Dennis L. & Debra J.Wahlstrom, CharmaineWaldo, James & AliceWard & Ward CompanyWark, David & Mary AnnWarth, TomWatson - ForsbergWayne Family Foundation, TheWeber, Marlys J.Weisner, Ben & Margaret RogWelch, E. Thomas & Rita D.Welna Hardware, IncWelter, MarkWerness, Margaret B.White, Thomas & DarleneWiener Fund of Headwaters Fndt.,

BarbraWilliams, CEO, PaulWurtele Family Fund, Angus &

MargaretYackel, John & EleanorYaeger, JasonYeager, Elizabeth

1335 FoundationAal, Esam M. & PaulaAdams, Jim & JuliaAdvance Consulting LLCAkbar, IlseAmplatz, CarolineAnderson, Daniel W. & AliceAnderson, NancyAndreas Foundation, L & NAnkeny Fund of TMF, Pete & MargieAnonymousAnson, Peter W. & Sally AnkenyArthur, AlanBachman, KarenBaig, Asim & NatalyBaker FoundationBaratz Family Foundation, Inc.Barstow, KristineBassett, James W. & Mary L.Beard, William H. & Barbara H.Benjamoin, Joann A.Benke, Donald R. & PaulineBergerson Family Fund of TMF, John

& RuthBerton, AndrewBigbee, Arnold W.Bloom, Paul R.BlueStem Holding, L.P.Bolsoni, JenniferBorer, Catherine & Dan ConlonBremer Foundation, The OttoBrookman, Mr. & Mrs.Brooks, John C.Brown, B.Brude, J.P.Buckley, ElizabethBurdick Family Fund of TMF, TheBuscis, LyndaCadwell, TedCampbell, Kathleen M.Caridad CorporationCarlson, Bruce M. & Jean A.Carlson, PaulCaroline’s Kids FoundationCarpenter, Josephine BenzCarter, MaryCauston, AmyCauston, Ron & JoanneChristenson, Michael D.

Christos, Inc.CLB FoundationCohen, Burton D. & Audrey K.Cohen, Daniel W.Cohn, MicheleCommunity Shares of MNCornwell, Ronald G. & JoanCowan, Robert L. & Judy K.Cowles, JayCowles, John & Elizabeth Page

KnudsonCraighead, Donald H. & Sandra L.Cramer, P. Doug & Theresa WeisCrolick, Sue.Crosby, L. H.Cuningham, John W. & SallyCunningham, GaryDahl, Christopher T.Dartmouth-Hitchcock HealthDavis, LincolnDayton Revocable Trust, Julia W.Dayton, Edward N. & Sherry AnnDelavie, LauraDillon, Craig & Hailey L. GabrielDonateWellDouglas & Sands Coleman Fund of

TMFDucar, Michael P. & DebbieDyer Foundation, Jaye F. & Betty F.Earley, James C & Wndy E. SharpeEgerman, JeanEichhorn, Richard E.Eisberg & Kline Charitable Fund of

TMFEittreim, Kent & JoanneElliott, Sean P. & Meghan E.Engasser, MarkEngelsma Family FoundationErickson, TracyExline, John L. & LindaFattah, Salah A. & Suzanne M.Feldman, ReynoldFetzer InstituteFilter, Kevin & Keosle RosemaryFingerhut Family FioundationFitterer, Cyril & Shirley JaneFondell, DaynaForster, Barbara L.Forsythe, Charlotte M.Foster, Helen B.Fraboni, Ron

Furek, Robert M. & Susan AGarg Family Foundation, Satya & InduGarrity Family Giving, TheGarrity, Charles E. & ArleneGeorge Family Foundation, TheGilligan FoundationGiuffre, Mary R.Glass, AaronGodfrey, Tracy & AnnGoldbarg, Stuart & Phyllis BeattyGreene, Robert A & Presberg-Greene,

SusanGreymont, Scott & Margaret HallGrieman, JohnGriffith, CharlotteGrossman, Barbara E. & Prauer,

Jeffrey EGroten, JoanneH86 Property ManagementHall, Donald & MarionHall, JanisHannan, Michael L. & Ingersoll, Mina

C.Hartman, Jim & JeanHartwell, LucyHavelin, KateHead Family Foundation, TheHedberg, John W.Heegaard Family Fund of TMF, Anne

& PeterHeegaard Family Fund, David &

JoanneHeegaard, Roger & MargeHeine, Mary AnnHendrickson Family Fund, L. H.Hewitt DA Fund of the IFF, Brad & SueHillswood FoundationHinck, John D. & Elizabeth C.Holguin Family Charitable FundHoon, DavidHoward, James A.Hughes, JohnHumphries, Jr., C. Lee & Susan Lee

GenawHunter, Christopher C. & Barb BurkeHurst Charitable Fund, JackIntelligent Financial Strategies/

Jason GIsaacs, KariJacob Family Fund, Harry & LilaJAWCOJohns, Richard L. & Laurel D..Johnson Charitable Fund, T.L. & M.D.Johnson, Bradley A.Johnson, Susan M. & LarryJones, BillJordan Living Trust, Catherine

THANK YOU TO OUR

DONORS

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NUMBERSAT A GLANCE

82%

100%

68%

99% 97%

97% of grant recipients spent their grant money as they

intended.

100% of grant recipients had achieved their goals or were in the process of doing so.

68% of grant recipients reported that their income

increased as a result of MicroGrants funding.

99% of grant recipients reported that MicroGrants increased their

quality of life. Of these, 50% reported that their quality of life

increased “substantially.”

82% of grant recipients were employed within three

months of receiving grants.

2016 DONORBREAKDOWN BY DOLLARS

$60,000 - $100,000

$30,000 - $ 59,999

$10,000 - $29,999

$1,010 - $9,999

$999 - $1,000

UNDER $998

3

4

19

56

50

161

REPLACE QUALITY OF LIFE WITH GRANTS CATEGORIES

?

KRISTINE BARSTOWInternal Operations Manager

LUIS SIOJOGrantwriter

MELISSA DEUTSCHExecutive Assistant to the CEOMicroGrants

1312

MEET THE

TEAM

ADVISORS

Community Council Members: Kristine Barstow, Ann Garrity, Susan Schneck, Joanna Lees, Pam Kaufman, Mindy Lee, Tricia, Haynes, Lynne Thompson, Barbara Grossman

The Community Council is a committed group of volunteers who meet to discuss various issues and projects related to MicroGrants. They are the force behind the annual Grantees of the Year awards.

1035 East Franklin AvenueMinneapolis MN 55404612.200.8174 info@microgrants.net www.microgrants.net

BOARD MEMBERS:Joe Selvaggio** (chair)Tom Rock** (secretary)Jim Weichert** (treasurer)Chuck Garrity Barbara Grossman Don HallJeff Heegaard

Neda Kellogg Allen Lenzmeier** Mitch Pearlstein ** Mirela MiresanSam Selvaggio Lynne Thompson Tom Welch

(** Executive Committee Members)

VOLUNTEERS: Kristine Barstow

Adrian Coulter

Anthony Dahl

Joanne Eittriem

Kent Eittriem

Tom Fiutak

Shotsie Forsythe

Chuck Garrity

Arlene Garrity

Barb Grossman

Tricia Haynes

Peter Heegaard

Shavette Jones

Pam Kaufman

Masami Kawazato

Isha Konety

Mindy Lee

Joanna Lees

Steve Lebeau

JoAnna Lees

Al Lenzmeier

Jerri Malone

Salvador de

Montesinos

Mirela Miresan

Carolien Moors

Mitch Pearlstien

Atlantis Riley

Sam Riley

Susan Schneck

Sam Selvaggio

Mike Stephen

Lynne Thompson

Sister Joan Tuberty

Jackie Wager

Alex Wager

Lucia Zavala

Mike CiresiBurt CohenNorm ColemanJudson Dayton

Joe ErrigoArchie GivensJim GravesPeter Heegaard

Berit JohnsonSteve LeBeauArt RolnickChuck Slocum

Dane Smith Sandy Vargas

IN KIND DONORS: African Development Center Checkerboard Web DevelopmentGrafi x By Derek - Derek ThomsonHardTalk Biz CoachingHaskell’s Wines

Media Relations, Inc. Palisade Asset Mgmt. Project for Pride in Living Westwords Consulting

Sam Selvaggio Sam Selvaggio Lynne Thompson Lynne Thompson Tom Welch

Mirela Miresan

THANK YOU TO OUR GENEROUS SPONSORSTHANK YOU TO OUR GENEROUS SPONSORSTHANK YOU TO OUR GENEROUS SPONSORSTHANK YOU TO OUR GENEROUS SPONSORSTHANK YOU TO OUR GENEROUS SPONSORSTHANK YOU TO OUR GENEROUS SPONSORS

DON SAMUELS, Chief Executive Offi cerDon took over as CEO of MicroGrants in January 2016. Mr. Samuels had a 27 year career as a Toy Industry executive and entrepreneur. During this time he became active in his Jordan Neighborhood, leading to his election to the Minneapolis City Council for three terms. Don cofounded the PEACE Foundation, which became the Northside Achievement Zone (NAZ), winner of a $28.5 million federal grant to educate low-income children in North Minneapolis. Don has served on the boards of Meet Minneapolis, Twin

Cities Rise, Teach for America, Alafi a Place, Rock ‘n Read and The Hub. He is currently a director on the Minneapolis School Board.

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