501(c)(3) charity; gifts are tax-deductible.
Status: IRS Pub. 78

Before you give

FY2024 · Form 990-PFIndependent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990-PF
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average deficit $28K a year · 6% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
990-PF Pt I · 6 filings
9 mo
of spending, in cash
Looks good: 9.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $6K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$5K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
990-PF Pt II
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$550K
-23% vs prior year
Spent
$488K
Net assets
$360K
By yearFY2020–FY2025
Revenue
$550K
FY2024▼ -23%
Tap a bar for its year
Revenue by fiscal year
FY2020$438K
FY2021$541K
FY2022$324K
FY2023$716K
FY2024$550K
FY2025$228K
Expenses
$488K
FY2024▼ -36%
Tap a bar for its year
Expenses by fiscal year
FY2020$263K
FY2021$602K
FY2022$621K
FY2023$763K
FY2024$488K
FY2025$228K
Net assets
$360K
FY2024▲ +21%
Tap a bar for its year
Net assets by fiscal year
FY2020$703K
FY2021$642K
FY2022$345K
FY2023$298K
FY2024$360K
FY2025$360K

From the FY2024 Form 990 · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2003.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

What each dollar paid for.

Grants & contributions paid 79% · $386K Operating & administrative 21% · $102K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990-PF.

Part VII, Section A · reportable compensation
Exec Board C
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Team Foundation executive salaries →

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Programs and updates

A private foundation based in Bagley, MN.

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Provided by the organization

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Grants and how to apply

Who it funds, and how to ask.

Who They Fund

Part XV · grants paid · 21 grants · $156K · 2025–2025
Sanford HealthFY2025$52,500
Hospice of Red River ValleyFY2025$25,000
Gonvick Fire DepartmentFY2025$10,000
Detroit Lakes High SchoolFY2025$8,000
Lake Park Audubon SchoolsFY2025$5,895
Perham Robotics Booster ClubFY2025$5,000
Individual RecipientFY2025$5,000
Clearbrook Gonvick SchoolFY2025$5,000
City of Lake ParkFY2025$5,000
Individual RecipientFY2025$5,000
Audubon Fire DepartmentFY2025$5,000
Magelssen Elementary SchoolFY2025$3,500
Individual RecipientFY2025$3,000
Bluejackets Robotics Booster ClubFY2025$3,000
Individual RecipientFY2025$3,000
Individual RecipientFY2025$2,500
Faith Hope Love AcademyFY2025$2,500
Faith Christian SchoolFY2025$2,500
See all 21 grants →

Grantmaking Profile

Patterns in foundation giving
Average grantPart XV$7K
Median grantPart XV$5K
Largest grantPart XV$52K

By the numbers

The FY2024 990-PF, line by line.

1The main four
Money in
$550K
Gifts and grants$524K
Other income$18K
Investment income$7K
Money out
$488K
Grants paid$386K
Running costs$102K
Owns and owes
$360K
net assets
Cash and savings$365K
Total assets$365K
Liabilities$5K
People
8
listed
Paid0
2In more detail
Revenue in detail
Gifts and grants$524K
Investment income$7K
Other income$18K
Total revenue$550K
Assets in detailEnd of year
Cash and savings together$365K
Total assets$365K
Liabilities$5K
Net assets$360K
Operations
Fiscal year endsDecember

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $228K$228K−$37$360K 990 PDF
FY2024 Viewing $550K$488K$62K$360K 990 PDF
FY2023 $716K$763K−$47K$298K 990 PDF
FY2022 $324K$621K−$297K$345K 990 PDF
FY2021 $541K$602K−$61K$642K 990 PDF
FY2020 $438K$263K$175K$703K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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