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
55 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
10 people listed on the 990; $84K 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 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
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.
Fund Advisor Services
The faribault foundation is donor centered, providing our donor advised funds (daf) fund advisors a menu of options for making grant requests to their favorite nonprofits. Faribault foundation offers a donor portal, where fund advisors can request grants in the site.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | FY24 | FY23 |
|---|---|---|
| End of yearLn 1g | $630K | $267K |
| AddedLn 1b | $330K | $262K |
| SpentLn 1d–1f | $1K | $5K |
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $454K | $423K |
| InvestmentsLn 11–13 | $456K | $2.8M |
| Land, buildings, equipmentLn 10c | $0 | $3K |
| Total assetsLn 16 | $1.1M | $3.4M |
| LiabilitiesLn 26 | $3K | $117K |
| Net assetsLn 32 | $1.1M | $3.3M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $140K | $140K | ||
| Grants to domestic individualsLn 2 | $1K | $1K | ||
| Pay of officers and key staff (Part IX, line 5)Ln 5 | $86K | $28K | $29K | $28K |
| Other salaries and wagesLn 7 | $19K | $6K | $7K | $6K |
| Pension plan contributionsLn 8 | $60 | $20 | $20 | $20 |
| Other employee benefitsLn 9 | $4K | $1K | $1K | $1K |
| Payroll taxesLn 10 | $9K | $3K | $3K | $3K |
| Accounting feesLn 11c | $28K | $5K | $19K | $5K |
| Investment management feesLn 11f | $12K | $12K | ||
| Other fees for servicesLn 11g | $27K | $14K | $14K | |
| Advertising and promotionLn 12 | $118 | $9 | $21 | $88 |
| Office expensesLn 13 | $19K | $333 | $18K | $318 |
| Information technologyLn 14 | $6K | $389 | $6K | $389 |
| OccupancyLn 16 | $12K | $12K | ||
| Conferences, conventions and meetingsLn 19 | $309 | $96 | $148 | $65 |
| InsuranceLn 23 | $2K | $2K | ||
| Other expenses (24a–d)Ln 24 | $13K | $11K | $2K | $212 |
| All other expensesLn 24e | $1K | $417 | $647 | $283 |
| Total functional expensesLn 25 | $381K | $210K | $113K | $58K |
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 |
| FY2024 ViewingFiled with the IRS Jun 25, 2025 | $2.5M | $381K | $2.1M | $3.3M | 990 PDF |
| FY2023Filed with the IRS Oct 14, 2024 | $1.1M | $137K | $993K | $1.1M | 990 PDF |
Schedules filed Part IV
See the full FY2024 990
Part I · Summary $2,455,904 revenue, 12 lines filed
Part VI · Governance 9 of 9 board members independent, 2 to look at
Part VIII · Statement of revenue $2,455,904 across 7 lines filed
Part IX · Statement of functional expenses $381,312 across 18 lines filed
Part X · Balance sheet $3,371,360 assets, 15 lines filed
Part XI · Reconciliation of net assets $3,254,843 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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