The Thunderbird Foundation FY2020 filing

Public foundation / grantmaker Gibbon, MN Since 1999 EIN 41-1933082 NTEE T11
Revenue
$112K
FY2020 · Pt VIII · Ln 12
Expenses
$36K
FY2020 · Pt IX · Ln 25
Net assets
$952K
FY2020 · Pt X · Ln 32
To programs
81%
FY2020 · Pt IX · col B
Revenue & expenses by yearFY2020–FY2025
Revenue
$112K
FY2020
Expenses
$36K
FY2020

Gives students special educational gifts.

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Tax-deductible?
Yes
Per the IRS master file.
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Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
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Filing up to date?
Yes — filed FY2025
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Foundation funders?
1 funder — National Philanthropic Trust
$10K in the latest grant year.
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Spent on programs?
81% to programs
Form 990 Part IX, latest filing.
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Size and trend
$100K–1M
Details →

Form 990 for the fiscal year ending December 2020 (IRS tax year 2020).


Gives students special educational gifts.

Founded
1999
Type
Public foundation / grantmaker · Foundations & Grantmakers
Location
Gibbon, MN
Filings
5 on file (2020–2020)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →
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Provided by the organization

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Where the money goes · FY2020
Where spending went · Part IX cols B–D
Program services $0.81 Management & general $0.19
Program efficiency
81%
of spending reaches programs
Operating runway
321.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
+68%
revenue over expenses, this year

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Summary of the Filing

Part I · fiscal year 2020 · Form 990
Total assets
$952K
FY2020
Total liabilities
$0
FY2020
Revenue less expensesPt I · Ln 19$77K
Total assetsPt X · Ln 16$952K
Program-expense ratioPt IX · col B81%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CThe Thunderbird Foundation
EINHdr · item D41-1933082
Principal addressHdr · item CGibbon, MN
WebsiteHdr · item Jnone reported
Year of formationHdr · item L1999
State of legal domicileHdr · item MMN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T11)
Ruling yearIRS BMFAug 1999

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
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 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Secretary/Treasurer
$118Pt VII · Sec A
$0Pt VII · Sec A
Superintendent
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Jennifer Haas’s $118 as Secretary/Treasurer is at the 0th percentile of top reported officer pay among 1265 $100K–1M 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.

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Mission & Programs · Part III

Where the work happens

1 program service account for $29K of program spending, described in the organization's own filed words · FY2020.
01

To provide scholarships to students not provided by the school district.

$29Kprogram expense

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Statement of Revenue

Part VIII
Investment income$73K · 65%
Contributions & grants$43K · 38%
Investment income65%$73K
Contributions & grants38%$43K
Total revenueLn 12$112K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.81 Management & general $0.19
Program services81%$29K
Management & general19%$7K
Total functional expensesLn 25$36K

Balance Sheet

Part X · end of year
CashLn 1$55K
Total assetsLn 16$952K
Total liabilitiesLn 26$0
Total net assetsLn 32$952K
Months of cash on handcomputed18.6

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $952K · Operating expenses/yr $36K
321.6 months
Where the money goes
Program services
Program services $29K · Total expenses $36K
81%
Management & General
Management & general $7K · Total expenses $36K
19%
Fundraising
Fundraising $0 · Total expenses $36K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $43K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $43K · Total revenue $112K
38%
Government reliance
Government grants — · Total revenue $112K
—
Earned-income share
Program service revenue $0 · Total revenue $112K
0%
Investment reliance
Investment income $73K · Total revenue $112K
+65%
Program self-sufficiency
Program service revenue $0 · Total expenses $36K
0%
Growth & trend
Revenue growth (YoY)
This year $112K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $952K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $112K · Expenses $36K
+68%
Liabilities-to-Assets
Total liabilities — · Total assets $952K
—
Net-asset ratio
Net assets $952K · Total assets $952K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $897K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $952K
94%
People & payroll
Highest Reported Total Compensation
Individual Jennifer Haas · Reported title SECRETARY/TREASURER · Highest reported compensation $118 · Total expenses $36K
0.3%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $118 · Total expenses $36K
0.3%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 81%——
Overhead ratio 19%——
Fundraising cost ratio 0%——
Investment management fee ratio 0.4%——
Legal fee ratio 3%——
Accounting fee ratio 5%——

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 · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$10K
Grants paid · 3 grants · $155K · 2020–2025
Gfw Schools Isd 2365FY2025$117,563
Unitemized GrantFY2021$13,250
Unitemized GrantFY2020$23,750

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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)$229K revenue · ⤓ 990 PDF
FY2024$159K revenue · ⤓ 990 PDF
FY2023$71K revenue · ⤓ 990 PDF
FY2022not on file
FY2021$26K revenue · ⤓ 990 PDF
FY2020$112K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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