Faegre Baker Daniels Foundation EIN 41-1766405 Form 990 (PDF) Claim this org

Faegre Baker Daniels Foundation

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Supports community organizations providing social, legal, and cultural programs. For fiscal year 2025 it reported $1.6M in revenue, $867K in expenses, and $1.4M in net assets.Pt I

Founded
1993
Type
Public foundation / grantmaker · Foundations & Grantmakers
Location
Minneapolis, MN
Filings
6 on file (2020–2025)
Revenue
$1.6MFY2025
Expenses
$867K
Net assets
$1.4M
People
4
Filings
6
Updates
0
More identity details & actions ⌄
EIN  41-1766405 Public foundation / grantmaker Minneapolis, MN Founded 1993
Form 990 (PDF)
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Figures match the IRS filing checked 9/14/26 · see original: IRS
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Size
$1–10M
What they do
Supports community organizations providing social, legal, and cultural programs.
Leadership
Andrew G Humphrey · President/Director
Money in and out
$1.6M revenue, $867K expenses
Bottom line
100% program efficiency
Grants paid & assets · FY2025
Total revenue
$1.6M
Pt VIII · Ln 12
Total expenses
$867K
Pt IX · Ln 25
Net assets
$1.4M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $734K
Where spending went · Part IX cols B–D
Program services $1.00 Management & general $0.00
Program efficiency
100%
of spending reaches programs>-0.01% vs prior filing year
Operating runway
19.9mo
months of highly liquid reserves at operating expense rate▲ +63% vs prior filing year
Surplus margin
+46%
revenue over expenses, this year▲ +392% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$1.6M
FY2025▲ +167%
Expenses
$867K
FY2025▲ +25%
Total assets
$1.4M
FY2025▲ +104%
Total liabilities
$0
FY2025
Total revenue
$1.6M
Pt VIII · Ln 12
Total expenses
$867K
Pt IX · Ln 25
Net assets
$1.4M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$734K
Total assetsPt X · Ln 16$1.4M
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 4pending

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFaegre Baker Daniels Foundation
EINHdr · item D41-1766405
Principal addressHdr · item CMinneapolis, MN
WebsiteHdr · item Jnone reported
Year of formationHdr · item L1993
State of legal domicileHdr · item MMN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T50Z)
Ruling yearIRS BMFApr 1994

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President/Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary and Treasurer
$0Pt VII · Sec A
See Faegre Baker Daniels Foundation executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service account for $867K of program spending, described in the organization's own filed words · FY2025.
01

Contributions to non-profit charitable organizations, educational organizations and law schools.

$867Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$1.6M
Total revenueLn 12$1.6M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00 Management & general $0.00
Program services100%$867K
Management & general$23
Total functional expensesLn 25$867K

Balance Sheet

Part X · end of year
CashLn 1$1.4M
Total assetsLn 16$1.4M
Total liabilitiesLn 26$0
Total net assetsLn 32$1.4M
Months of cash on handcomputed19.9

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.4M · Operating expenses/yr $867K
19.9 months
Where the money goes
Program services
Program services $867K · Total expenses $867K
100%
Management & General
Management & general $23 · Total expenses $867K
<0.01%
Fundraising
Fundraising $0 · Total expenses $867K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $960K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $1.6M · Total revenue $1.6M
100%
Government reliance
Government grants — · Total revenue $1.6M
Earned-income share
Program service revenue $0 · Total revenue $1.6M
0%
Investment reliance
Investment income $0 · Total revenue $1.6M
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $867K
0%
Growth & trend
Revenue growth (YoY)
This year $1.6M · Prior year $600K
+167%
Revenue CAGR
FY2020 $665K · FY2025 $1.6M
+19%
Net-asset trend (YoY)
End of year $1.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.6M · Expenses $867K
+46%
Liabilities-to-Assets
Total liabilities — · Total assets $1.4M
Net-asset ratio
Net assets $1.4M · Total assets $1.4M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.4M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Andrew G Humphrey · Reported title PRESIDENT/DIRECTOR · Highest reported compensation $0 · Total expenses $867K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $867K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio <0.01%
Revenue growth 167%

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.

Grants

Schedule I · this organization's grantmaking
Grants paid · 158 grants · $3.2M · 2020–2025
Pro Bono InstituteFY2025$90,000
Equal Justice WorksDC · FY2025$55,667
The Fund for Legal AidMN · FY2025$45,000
Indiana Legal Services INCIN · FY2025$25,000
Chicago Bar FoundationIL · FY2025$20,000
Walker Art Center INCMN · FY2025$15,000
National Immigrant Justice CenterIL · FY2025$11,000
Colorado Lawyers CommitteeCO · FY2025$10,374
TubmanMN · FY2025$10,166
See all 158 grants →

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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)$1.6M revenue · viewing · ⤓ 990 PDF
FY2024$600K revenue · ⤓ 990 PDF
FY2023$680K revenue · ⤓ 990 PDF
FY2022$601K revenue · ⤓ 990 PDF
FY2021$1.3M revenue · ⤓ 990 PDF
FY2020$665K 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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