Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1999.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
39 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
12 people listed on the 990; $33K paid to officers and key staff (Part VII, Section A).
Laura Bock’s $86K as Executive Director is at the 20th percentile of top reported officer pay among 1690 $1–10M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 2 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Laura Bock | $85,670 | $83,624 | $16,990 |
| Kymn Anderson | — | — | $16,200 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
See Faribault Foundation INC executive salaries →Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Manages finances to improve the quality of life for the Faribault community.
Questions for Faribault Foundation INC
Your first name shows with your question. Faribault Foundation INC answers here, for everyone.
The foundation is on a mission to improve the quality of life in faribault through the generosity of donors. This means growing the community foundation and using grants from the majority of the foundation's funds to better the faribault community.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2023 990, line by line.
Download 990
| Line | FY23 |
|---|---|
| End of yearLn 1g | $267K |
| AddedLn 1b | $262K |
| SpentLn 1d–1f | $5K |
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $116K | $454K |
| InvestmentsLn 11–13 | $456K | |
| Total assetsLn 16 | $116K | $1.1M |
| LiabilitiesLn 26 | $0 | $3K |
| Net assetsLn 32 | $116K | $1.1M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $17K | $17K | ||
| Pay of officers and key staff (Part IX, line 5)Ln 5 | $33K | $11K | $11K | $11K |
| Payroll taxesLn 10 | $2K | $631 | $673 | $632 |
| Accounting feesLn 11c | $180 | $180 | ||
| Investment management feesLn 11f | $350 | $350 | ||
| Other fees for servicesLn 11g | $70K | $23K | $23K | $23K |
| Advertising and promotionLn 12 | $1K | $100 | $192 | $800 |
| Office expensesLn 13 | $3K | $432 | $2K | $491 |
| Information technologyLn 14 | $4K | $250 | $4K | $250 |
| OccupancyLn 16 | $2K | $2K | ||
| Other expenses (24a–d)Ln 24 | $4K | $685 | $2K | $670 |
| All other expensesLn 24e | $336 | $104 | $160 | $72 |
| Total functional expensesLn 25 | $137K | $53K | $47K | $37K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 LatestFiled with the IRS May 28, 2026 | $1.9M | $717K | $1.1M | $4.6M | 990 PDF |
| FY2024Filed with the IRS Jun 25, 2025 | $2.5M | $381K | $2.1M | $3.3M | 990 PDF |
| FY2023 ViewingFiled with the IRS Oct 14, 2024 | $1.1M | $137K | $993K | $1.1M | 990 PDF |
Schedules filed Part IV
See the full FY2023 990
Part I · Summary $1,129,449 revenue, 12 lines filed
Part VI · Governance 7 of 7 board members independent, no flags
Part VIII · Statement of revenue $1,129,449 across 6 lines filed
Part IX · Statement of functional expenses $136,518 across 12 lines filed
Part X · Balance sheet $1,132,136 assets, 11 lines filed
Part XI · Reconciliation of net assets $1,129,233 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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