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Diamondbuilder Foundation EIN 20-3935610

Diamondbuilder Foundation

EIN  20-3935610 Private foundation / grantmaker Minnetonka, MN
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Size
<$100K
What they do
A private foundation based in Minnetonka, MN. It reported about $48K in revenue for 2025.
Leadership
Rick Heupel · President
Money in and out
$48K revenue, $51K expenses
Bottom line
—

A private foundation based in Minnetonka, MN. It reported about $48K in revenue for 2025. For fiscal year 2025 it reported $48K in revenue, $51K in expenses, and $415K in net assets.Pt I

Grants paid & assets · FY2025
Total revenue
$48K
Pt VIII · Ln 12
Total expenses
$51K
Pt IX · Ln 25
Net assets
$415K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$3K
Total assets
415K
deployed as grants and operations
Grants paid
47K
in FY2025
Grants made
11grants
total in period
Payout rate
11%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 11 grants · $47K · 2025–2025
Common Ground Consultants INCFY2025$15,000
New Horizons FoundationFY2025$7,200
Ridgewood ChurchFY2025$6,600
Empowering Leadership InternationalFY2025$4,000
Allegro SolutionsFY2025$3,600
The NavigatorsFY2025$3,600
CruFY2025$2,700
ElicFY2025$1,200
One ChallengeFY2025$1,000
Joni and FriendsFY2025$1,000
4 GensFY2025$1,000

Grantmaking Profile

Patterns in foundation giving
Average grantPart XV$4K
Median grantPart XV$4K
Largest grantPart XV$15K

Summary of the Filing

Part I · fiscal year 2025 · Form 990-PF
Revenue
$48K
FY2025▼ -12%
Expenses
$51K
FY2025▼ -24%
Total assets
$415K
FY2025▲ +38%
Total liabilities
$0
FY2025
Total revenue
$48K
Pt VIII · Ln 12
Total expenses
$51K
Pt IX · Ln 25
Net assets
$415K
Pt X · Ln 32
Total assetsPt II$415K

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CDiamondbuilder Foundation
EINHdr · item D20-3935610
Principal addressHdr · item CMinnetonka, MN
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MMN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T20)
Ruling yearIRS BMFJan 2006

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Rick Heupel
President
$0Pt VII · Sec A
Mavis Heupel
Vice-President
$0Pt VII · Sec A
Lisa Heupel
Director
$0Pt VII · Sec A
Scott Heupel
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Diamondbuilder Foundation executive salaries →

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Statement of Revenue

Part VIII
Other revenue$33K · 68%
Investment income$15K · 32%
Other revenue68%$33K
Investment income32%$15K
Total revenueLn 12$48K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.92 Operating & administrative $0.08
Grants & contributions paid92%$47K
Operating & administrative8%$4K
Total functional expensesLn 25$51K

Balance Sheet

Part X · end of year
CashLn 1$50K
Total assetsLn 16$415K
Total liabilitiesLn 26$0
Total net assetsLn 32$415K
Months of cash on handcomputed11.8

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $415K
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $48K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $48K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $48K · Prior year $55K
-12%
Net-asset trend (YoY)
End of year $415K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $48K · Expenses $51K
-7%
Liabilities-to-Assets
Total liabilities — · Total assets $415K
—
Net-asset ratio
Net assets $415K · Total assets $415K
100%
People & payroll
Highest Reported Total Compensation
Individual Rick Heupel · Reported title President · Highest reported compensation $0 · Total expenses $51K
0%
Personnel share
not reported
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth -12%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$48K revenue · viewing · ⤓ 990 PDF
FY2024$55K revenue · ⤓ 990 PDF
FY2023$23K revenue · ⤓ 990 PDF
FY2022$26K revenue · ⤓ 990 PDF
FY2021$36K revenue · ⤓ 990 PDF
FY2020$14K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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